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Bitcoin News
Insider
20m
547
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MicroStrategy continues its bitcoin buying spree for the 7th straight week as the crypto dips below $100,000
- MicroStrategy has purchased an additional 5,262 bitcoins, continuing its buying spree for the 7th consecutive week.
- The company sold $561 million worth of shares to fund the purchase, bringing its total bitcoin holdings to 444,262, valued at $27.7 billion.
- MicroStrategy's bitcoin buying strategy involves leverage, posing risks if the crypto declines significantly.
- While MicroStrategy has seen significant gains from its bitcoin bet, a decline in the cryptocurrency could put the company at risk.
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Newsbtc
48m
176
Image Credit: Newsbtc
Bitcoin Price on Thin Ice: Could a Major Drop Be Next?
- Bitcoin price extended losses and traded below the $95,000 zone.
- Bitcoin started a fresh decline below the $95,000 zone and is trading below the 100 hourly Simple moving average.
- A key bearish trend line is forming with resistance at $95,000 on the BTC/USD pair's hourly chart.
- If Bitcoin fails to rise above the $95,000 resistance zone, it could continue to move down with support levels at $92,500 and $91,200.
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Cryptonews
1h
12
Image Credit: Cryptonews
Metaplanet, MicroStrategy Make Bitcoin Buys Their Christmas Gift to Shareholders!
- MicroStrategy and Metaplanet resumed their Bitcoin purchases, adding significantly to their holdings.
- MicroStrategy added 5,262 BTC, bringing their total to 444,262 BTC.
- Metaplanet purchased 619.7 BTC, increasing their total to 1,762 BTC.
- Michael Saylor predicts Bitcoin will capture 7% of global currency within 21 years, advising to keep buying.
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Cryptopotato
5h
123
Image Credit: Cryptopotato
Metaplanet Makes Largest BTC Purchase to Date Despite Bitcoin Price Correction
- Japan-based Metaplanet has made its largest Bitcoin purchase to date, buying nearly 620 BTC.
- The acquisition was executed as part of Metaplanet's Bitcoin Treasury Operations.
- Metaplanet now holds a total of 1,761.98 BTC, valued at almost $168 million.
- Despite a recent drop in Bitcoin's value, Metaplanet remains confident in its Bitcoin investment.
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Pymnts
5h
254
Image Credit: Pymnts
Wirex Adds 2 Stablecoins to Platform to Streamline Digital Currency Spending
- Wirex, a digital payments platform, has added two stablecoins, VNX Euro (VEUR) and VNX Swiss Franc (VCHF), to its platform.
- Users can now spend these stablecoins directly using their Wirex cards, making digital currency spending more convenient.
- Wirex plans to introduce additional features such as loans and high-yield X-Accounts to enhance the value proposition for its users.
- Stablecoins are gaining popularity as a means of cross-border and enterprise crypto payments, offering faster and more efficient transaction settlement.
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Livebitcoinnews
18m
448
Image Credit: Livebitcoinnews
Rumble Secures $775 Million Investment from Tether in Strategic Deal
- Rumble, a video-sharing platform, has secured a $775 million investment from Tether in a strategic partnership.
- The majority of the funds will be allocated for Rumble's growth initiatives.
- Rumble will conduct a self-tender offer to repurchase up to 70 million shares of its common stock.
- The partnership aims to drive innovation, support free speech, and explore crypto payment solutions.
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Bitcoinik
18m
412
Image Credit: Bitcoinik
Michael Saylor suggests Amazon founder Jeff Bezos to invest in Bitcoin
- Bitcoin advocate Michael Saylor suggests Jeff Bezos to invest $600 million in Bitcoin instead of spending on a marriage function.
- Jeff Bezos denies rumours of a planned wedding and dismisses the claim of spending $600 million.
- Amazon has previously denied rumours of considering Bitcoin investment but is exploring blockchain technology.
- The current trade price of Bitcoin is $93,883, down 11% in the last 7 days.
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Newsbtc
1h
27
Dogecoin & Other Memecoins No Longer Grabbing Social Media Attention: Santiment
- Social media traders have shifted their attention from Dogecoin and other memecoins to Bitcoin, according to Santiment.
- The Social Dominance indicator, which measures the percentage of social media discussions related to the top 100 coins, shows a decline in the dominance of memecoins.
- Investor attention has shifted to Bitcoin and other layer 1 assets, as their combined social dominance has increased.
- The shift in social dominance suggests a shift in sentiment from greed to fear in the cryptocurrency market.
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Cryptoslate
1h
305
Image Credit: Cryptoslate
Bitcoin tumbled to $95k after $540 million in long liquidations
- Bitcoin's price dropped from its all-time high of $108,200 to $95,000 in less than a week.
- Over $540 million in long positions were liquidated between Dec. 17 and Dec. 22, with the largest liquidation of $214 million occurring on Dec. 19.
- The liquidations were caused by high-leverage traders being forced to close their positions as Bitcoin's price declined.
- The sell-off was intensified by the Federal Reserve's tighter monetary policy and a cascade of liquidations below the key support of $100,000.
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Siliconangle
1h
141
Image Credit: Siliconangle
Crypto advocates push Trump to take action on day one
- Prominent figures in the cryptocurrency industry are urging President-elect Donald Trump to take action on his first day in office.
- Crypto industry officials want Trump to issue executive orders to fulfill his campaign promises of embracing digital assets and creating a national bitcoin stockpile.
- They hope that the orders will encourage U.S. banks to provide more financial services to crypto companies and establish a 'crypto council' to oversee industry regulations.
- Advocates want Trump to make concrete steps within his first 100 days in office to reverse the hostile policies towards cryptocurrencies adopted during President Joe Biden's term.
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Newsbtc
3h
169
Image Credit: Newsbtc
Bitcoin’s Key SOPR Metric Holds Steady: Are Long-Term Holders Eyeing Higher Prices?
- Bitcoin's Spent Output Profit Ratio (SOPR) for long-term holders remains above 1, indicating profitable selling without significant downward pressure on price.
- Historical analysis shows SOPR values reflecting market sentiment and long-term holder behavior over the past two years.
- The upward trend in SOPR suggests renewed confidence among long-term investors and a stable market structure.
- Despite recent price decreases, Bitcoin's SOPR indicates controlled selling pressure and market maturity.
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Bitcoinik
3h
247
Image Credit: Bitcoinik
Microstrategy buys 5,262 $BTC at a $106k+ price level, but Bitcoin price remains calm!
- Microstrategy, a Nasdaq-listed business intelligence firm, purchased 5,262 BTC at a price of $106,662.
- Microstrategy holds a net 444,262 BTC with a net $14.5 billion unrealized gain.
- The purchase did not significantly impact Bitcoin market sentiments.
- BlackRock's spot Bitcoin ETF bought 4 times more BTC than the amount mined in the last 7 days.
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Newsbtc
4h
57
Image Credit: Newsbtc
Metaplanet Bitcoin Reserves Grow With Fresh $61 Million Purchase
- Japan-based investment firm Metaplanet has purchased 619.7 BTC for $61 million, increasing its total Bitcoin holdings to 1,762.
- This is Metaplanet's largest Bitcoin acquisition to date, surpassing its previous record of $30 million.
- The company has been consistently buying Bitcoin since May, earning the nickname 'Asia's MicroStrategy.'
- Bitcoin's scarcity and supply crunch narrative may expedite its adoption as corporations and governments increase their BTC holdings.
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3 Likes
Newsbtc
6h
69
Image Credit: Newsbtc
Is Ethereum Ready To Break Out? Key Indicators Suggest Strong Market Confidence
- Ethereum (ETH) has positive indicators suggesting strong market confidence despite lagging behind Bitcoin in price action.
- Technical indicators show steady accumulation of Ethereum by traders and long-term holders.
- The Estimated Leverage Ratio for Ethereum remains at elevated levels, indicating sustained appetite for risk.
- Funding rates, premiums, and institutional inflows hint at a bullish trend for Ethereum.
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Coin Telegraph
6h
343
Here’s what happened in crypto today
- The US tax agency has rejected a lawsuit challenging staking taxes, stating that rewards should be taxable upon receipt.
- Botswana's central bank has given a low-risk factor to crypto investments and called for timely regulations.
- Former college football player Bo Hines has been nominated by Donald Trump to head a new crypto council.
- The IRS reaffirmed that staking rewards are taxable income and should be reported at their fair market value.
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