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Bitcoin News
Bitcoinist
2w
34
Image Credit: Bitcoinist
Bitcoin Futures Annualized Premium Climbs Sharply, Sign Of Strong Institutional Interest?
- Bitcoin futures annualized premium has witnessed a significant growth in recent weeks, indicating strong institutional interest.
- The annualized premium for purchasing spot Bitcoin ETFs and selling short CME futures has nearly doubled in the past month, rising from 6% to 11%.
- Bitcoin's futures open interest saw a sharp increase of 20,000 BTC in the last 24 hours, marking the biggest spike since June.
- Optimism is brewing as Bitcoin approaches its all-time high of $73,000, with the possibility of hitting this level in the coming days.
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Bitcoinsensus
2w
414
Image Credit: Bitcoinsensus
Ethereum Foundation Sells 100 ETH Adding to $11M Total Sales in 2024
- The Ethereum Foundation has sold 100 ETH (~$271,000) on October 30, adding to over $11 million in ETH sales in 2024.
- Vitalik Buterin defended the Foundation's sales, explaining they support critical development and security efforts, including research, transaction fee reduction, and privacy initiatives like zk-SNARK technology.
- The Ethereum Foundation has sold over $11 million worth of ETH in 2024, sparking discussion within the crypto community.
- Staking ETH could create conflicts in potential network hard forks, which the Foundation aims to avoid.
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Bitcoinist
2w
43
Image Credit: Bitcoinist
Ethereum Founder Says Dogecoin Deserves To Be Number 2 Crypto After Bitcoin
- Ethereum founder Vitalik Buterin has stated that Dogecoin deserves to be ranked right after Bitcoin (BTC) in the crypto space.
- Buterin's endorsement of Dogecoin as the second most prominent cryptocurrency has caught the attention of the market.
- Despite its lacking utility compared to Ethereum, Dogecoin has gained significant attention and support due to its cultural value and community growth.
- Crypto analyst Jake Wujastyk predicts a bullish trend for Dogecoin, with a potential upside target between $0.2145 and $0.2295.
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Bitcoinsensus
2w
233
Image Credit: Bitcoinsensus
MicroStrategy Aims to Buy More BTC with Massive $42B Capital Raise
- MicroStrategy plans to raise $42 billion capital over the next three years to expand its Bitcoin holdings.
- The company currently holds 252,220 BTC (~$18 billion) and intends to buy more BTC as a treasury reserve.
- Phong Le, President and CEO, announced the '21/21 Plan' targeting $21 billion of equity and $21 billion of fixed-income securities.
- Bitcoin's price saw a recent rise above $70,000, with trading volume down 39% today.
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Bitcoinist
2w
38
Image Credit: Bitcoinist
Bitcoin Institutional Demand Is Rising – Crucial Data Reveals BTC Whales Keep Growing
- Bitcoin surged past $73,000, sparking optimism for a push into new price territory.
- Data from CryptoQuant reveals rising institutional demand for Bitcoin, with notable inflows into custodial wallets.
- Whale wallets holding 1,000 or more BTC are seeing significant accumulation, indicating increased institutional interest.
- The next few days will be crucial as Bitcoin tests its limits, potentially setting the stage for a historic bull run.
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Newsbtc
2w
380
Bitcoin Boom: Is BTC Preparing For Another 6X To $462,000?
- Bitcoin is showing strength, surpassing $72,000 and sparking demand.
- Analysts believe Bitcoin could surge 6X to over $462,000, based on Fibonacci extension levels.
- Experts expect Bitcoin to reach new all-time highs in Q4 2024.
- Institutions are buying spot Bitcoin ETFs, with massive inflows recorded.
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22 Likes
Medium
2w
311
Image Credit: Medium
How to Buy Bitcoin Anonymously: A Guide to Avoiding KYC and Protecting Your Privacy
- Avoiding KYC (Know Your Customer) verification when buying Bitcoin helps protect privacy and financial freedom.
- Challenges of avoiding KYC include traceability of transactions through public blockchain records.
- Options for buying Bitcoin without KYC include peer-to-peer trading and decentralized exchanges.
- Tips for using P2P platforms include checking reputation, using escrow services, and choosing non-reversible payment methods.
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18 Likes
Medium
2w
319
Image Credit: Medium
How I Landed 0.15 BTC for Free — The Secret Code You Need!
- The author discovered SwapX, a platform that allows users to earn free BTC by using promo codes.
- By entering the promo code 'MYBTC24' in the Promo section of SwapX, the author received 0.15 BTC.
- The author found this method of earning BTC to be quicker and more rewarding than free bitcoin mining apps or websites.
- The author recommends SwapX as an easy and efficient way to start earning Bitcoin.
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19 Likes
Cryptopotato
2w
280
Image Credit: Cryptopotato
Bitcoin Price Analysis: Does BTC Have Enough Strength to Chart New ATH This Week?
- Bitcoin's price is on the verge of creating a new all-time high.
- BTC is currently testing the $74K resistance zone, which is likely to break to the upside.
- The RSI indicator suggests a short-term consolidation or pullback, but overall market structure is positive.
- Short-term holder SOPR indicates that profit realization is lower compared to previous levels around $74K, indicating a sustainable rally may be expected.
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16 Likes
Bitcoinist
2w
384
Image Credit: Bitcoinist
Bitcoin As A Strategic Reserve: Florida’s CFO Proposes To Follow Trump’s Lead
- Florida's Chief Financial Officer, Jimmy Patronis, has formally requested the state's pension fund managers to explore investing in Bitcoin.
- This proposal follows former President Donald Trump's advocacy for the United States to establish a national stockpile of Bitcoin.
- Patronis highlights Florida's robust economic standing and cites other states' actions as precedents for investing in cryptocurrency.
- He emphasizes the potential financial benefits of diversifying the state's portfolio with Bitcoin and requests a comprehensive report on the feasibility and risks involved.
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23 Likes
Zycrypto
2w
69
Image Credit: Zycrypto
Institutional ‘FOMO Confirmed’, Pundit Asserts As BlackRock’s IBIT Posts Highest Trading Volume In Over Six Months
- The iShares Bitcoin Trust (IBIT) recorded a record $3.36 billion daily trading volume, driven by panic buying of Bitcoin.
- U.S.-based spot BTC ETFs saw total daily net inflows of $870 million on Oct. 29, with BlackRock's Bitcoin ETF leading with $642.87 million in net inflows.
- The total trading volume of all spot BTC ETFs reached $4.75 billion on Tuesday, up from $3 billion on Monday.
- Bitcoin ETFs are poised to overtake Satoshi Nakamoto's estimated 1.1 million BTC stockpile by mid-December.
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4 Likes
Zycrypto
2w
64
Image Credit: Zycrypto
Bitcoin Price Primed For Monumental Surge To $100,000 By January 2025 — Market Researchers Explain Why
- Crypto research firm 10X Research predicts Bitcoin price could hit $100,000 by January 2025.
- The prediction is based on their model that has a track record of 87% accuracy.
- Rapid growth in spot Bitcoin ETFs and increasing institutional interest contribute to the bullish outlook.
- The researchers also forecasted Donald Trump winning the US presidential election as a potential boost for the crypto market.
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3 Likes
Bitcoinist
2w
427
Image Credit: Bitcoinist
$170 Million In Crypto Shorts Flushed As Bitcoin Returns Above $71,000
- The cryptocurrency derivatives market has experienced $223 million in liquidations in the last 24 hours.
- Over $165 million of the liquidations involved short positions.
- Bitcoin and Ethereum contributed the most to the liquidation events, with $85 million and $38 million respectively.
- The market may see more liquidation events as the open interest to market cap ratio remains high.
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25 Likes
Bitcoinsensus
2w
293
Image Credit: Bitcoinsensus
More Robots Than Humans by 2040, Says Elon Musk
- Elon Musk predicts that by 2040 there will be more humanoid robots than humans.
- He received criticism from AI scientist Gary Marcus regarding economic and security concerns.
- Musk's optimistic estimates are based on his involvement in the AI and robotics industry.
- Experts question the feasibility of Musk's predictions, citing challenges in building safe and affordable humanoid robots.
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17 Likes
Coinpedia
2w
38
Image Credit: Coinpedia
XRP Price Unaffected by Ripple’s Cross-Appeal: Could Bitcoin’s $70K Breakout Influence It?
- XRP price has not been significantly affected by Ripple's cross-appeal against the SEC.
- XRP experienced a brief dip below 50 cents after the announcement, but quickly recovered.
- Analysts are watching for potential upward reversals as XRP's price action remains uncertain.
- XRP holders are patiently waiting for positive developments in the ongoing SEC vs. Ripple lawsuit.
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2 Likes
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