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🔴Bitrue Crypto News
November 25, 2024.
1️⃣. Markets Trends
• Bitcoin Pullback Triggers Massive Liquidations
Bitcoin dropped over 3.5% from near $100K on Nov. 24, leading to $470M in liquidations as investors took profits. Altcoins like DOGE, XRP, XLM, and SAND saw gains of up to 50% but also experienced sharp sell-offs. Analysts point to technical corrections and profit-taking as key drivers.
• Spoofing Drives Bitcoin to $97K
Bitcoin temporarily surged to $97K due to spoofing, where fake buy orders inflated prices. The spike coincided with record profit-taking as traders capitalized on Bitcoin’s recent rally.
• Elon Musk’s Net Worth Hits $348B
Elon Musk set a new wealth record at $348B, fueled by Tesla’s stock rally and a $50B funding round for his AI startup, X.AI. Musk continues to dominate as a key figure in both technology and finance.
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November 25, 2024.
1️⃣. Markets Trends
• Bitcoin Pullback Triggers Massive Liquidations
Bitcoin dropped over 3.5% from near $100K on Nov. 24, leading to $470M in liquidations as investors took profits. Altcoins like DOGE, XRP, XLM, and SAND saw gains of up to 50% but also experienced sharp sell-offs. Analysts point to technical corrections and profit-taking as key drivers.
• Spoofing Drives Bitcoin to $97K
Bitcoin temporarily surged to $97K due to spoofing, where fake buy orders inflated prices. The spike coincided with record profit-taking as traders capitalized on Bitcoin’s recent rally.
• Elon Musk’s Net Worth Hits $348B
Elon Musk set a new wealth record at $348B, fueled by Tesla’s stock rally and a $50B funding round for his AI startup, X.AI. Musk continues to dominate as a key figure in both technology and finance.
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🔴Bitrue Crypto News
November 25, 2024.
1️⃣. Market Hotspots
• RFK Jr. Advocates for Bitcoin’s Role in Freedom
RFK Jr. called Bitcoin a “currency of freedom,” highlighting its role in boosting government transparency, democratizing governance, and hedging against inflation.
• Tether Secures Institutional Investment
Cantor Fitzgerald plans to acquire a 5% stake in Tether, highlighting growing confidence in stablecoins as a link between traditional and digital finance.
• FIFA Launches NFT-Powered Blockchain Game
FIFA partnered with Mythical Games to launch FIFA Rivals, a blockchain game with NFTs and decentralized gameplay, aimed at engaging younger, tech-savvy audiences.
• Hunter Horsley: Bitcoin’s Growth Potential is Vast
Bitwise CEO Hunter Horsley called it “early days” for crypto, stressing Bitcoin’s growth potential amid rising institutional interest.
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November 25, 2024.
1️⃣. Market Hotspots
• RFK Jr. Advocates for Bitcoin’s Role in Freedom
RFK Jr. called Bitcoin a “currency of freedom,” highlighting its role in boosting government transparency, democratizing governance, and hedging against inflation.
• Tether Secures Institutional Investment
Cantor Fitzgerald plans to acquire a 5% stake in Tether, highlighting growing confidence in stablecoins as a link between traditional and digital finance.
• FIFA Launches NFT-Powered Blockchain Game
FIFA partnered with Mythical Games to launch FIFA Rivals, a blockchain game with NFTs and decentralized gameplay, aimed at engaging younger, tech-savvy audiences.
• Hunter Horsley: Bitcoin’s Growth Potential is Vast
Bitwise CEO Hunter Horsley called it “early days” for crypto, stressing Bitcoin’s growth potential amid rising institutional interest.
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🔴Bitrue Crypto News
November 26, 2024.
1️⃣. Markets Trends
• Bitcoin Drops Below $93K as Liquidations Surge
Bitcoin fell to $93K as liquidations increased and long-term holders took profits. Despite this dip, analysts remain optimistic, with predictions of a potential rally toward $100K.
• Bitcoin ETFs Record $3.1B in Inflows
Bitcoin ETFs reached a new high with $3.1B in weekly inflows, showing strong institutional interest and growing acceptance of Bitcoin in traditional finance.
• MicroStrategy Expands Bitcoin Holdings
MicroStrategy acquired 55,500 BTC for $5.4B, bringing its total to 386,700 BTC, valued at $37.6B. The company’s continued Bitcoin purchases reinforce confidence in its long-term value.
• Sui Launches Bitcoin Staking
Sui has partnered with Babylon Labs and others to integrate Bitcoin into its DeFi ecosystem, enabling staking and expanding Bitcoin’s utility in DeFi.
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November 26, 2024.
1️⃣. Markets Trends
• Bitcoin Drops Below $93K as Liquidations Surge
Bitcoin fell to $93K as liquidations increased and long-term holders took profits. Despite this dip, analysts remain optimistic, with predictions of a potential rally toward $100K.
• Bitcoin ETFs Record $3.1B in Inflows
Bitcoin ETFs reached a new high with $3.1B in weekly inflows, showing strong institutional interest and growing acceptance of Bitcoin in traditional finance.
• MicroStrategy Expands Bitcoin Holdings
MicroStrategy acquired 55,500 BTC for $5.4B, bringing its total to 386,700 BTC, valued at $37.6B. The company’s continued Bitcoin purchases reinforce confidence in its long-term value.
• Sui Launches Bitcoin Staking
Sui has partnered with Babylon Labs and others to integrate Bitcoin into its DeFi ecosystem, enabling staking and expanding Bitcoin’s utility in DeFi.
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🔴Bitrue Crypto News
November 26, 2024.
1️⃣. Market Hotspots
• XRP Futures Open Interest Hits New High
XRP futures open interest surged to $1.8B, fueled by speculation around an XRP ETF and positive regulatory developments in the U.S.
• Dogecoin Futures Set New Record
Dogecoin futures open interest reached an all-time high, raising questions about whether the token is on the verge of a rally or facing a top.
• Base Layer 2 Hits Major Milestones
Base, an Ethereum Layer 2 solution, achieved a record 106 TPS and surpassed $10B in total value locked (TVL), solidifying its position among top Ethereum scaling solutions.
• ZA Bank Launches Crypto Trading in Hong Kong
Hong Kong’s ZA Bank, the largest digital bank in the region, has begun offering retail crypto trading for Bitcoin and Ethereum, marking a key step in crypto adoption.
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November 26, 2024.
1️⃣. Market Hotspots
• XRP Futures Open Interest Hits New High
XRP futures open interest surged to $1.8B, fueled by speculation around an XRP ETF and positive regulatory developments in the U.S.
• Dogecoin Futures Set New Record
Dogecoin futures open interest reached an all-time high, raising questions about whether the token is on the verge of a rally or facing a top.
• Base Layer 2 Hits Major Milestones
Base, an Ethereum Layer 2 solution, achieved a record 106 TPS and surpassed $10B in total value locked (TVL), solidifying its position among top Ethereum scaling solutions.
• ZA Bank Launches Crypto Trading in Hong Kong
Hong Kong’s ZA Bank, the largest digital bank in the region, has begun offering retail crypto trading for Bitcoin and Ethereum, marking a key step in crypto adoption.
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🔥 New listing $LEMX is coming to #Bitrue Spot.
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💎 Deposits Open
💎 $LEMX/USDT trading: 10:00 UTC, Nov 29, 2024
Coming Soon:
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🔴Bitrue Crypto News
November 27, 2024.
1️⃣. Markets Trends
• Pantera Bitcoin Fund Delivers 1,000x Returns
Pantera’s Bitcoin Fund has achieved a remarkable 1,000x return, with a lifetime gain of 131,165% after fees, underscoring its success in navigating the crypto market.
• Bitcoin Falls to $92K Amid Profit-Taking
Bitcoin’s price dropped to $92K as long-term holders locked in profits. Despite the pullback, experts remain confident about Bitcoin reaching $100K in the near future.
• Bitcoin Options Show Confidence in $100K Target
Almost half of Bitcoin options traders are betting on Bitcoin hitting $100K by the end of 2024, with some predicting a potential rise to $150K despite market change.
• MARA Calls for U.S. Action on Bitcoin Reserves
MARA Holdings calls for the U.S. to speed up its Bitcoin acquisition strategy as other nations prepare to compete for Bitcoin reserves.
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November 27, 2024.
1️⃣. Markets Trends
• Pantera Bitcoin Fund Delivers 1,000x Returns
Pantera’s Bitcoin Fund has achieved a remarkable 1,000x return, with a lifetime gain of 131,165% after fees, underscoring its success in navigating the crypto market.
• Bitcoin Falls to $92K Amid Profit-Taking
Bitcoin’s price dropped to $92K as long-term holders locked in profits. Despite the pullback, experts remain confident about Bitcoin reaching $100K in the near future.
• Bitcoin Options Show Confidence in $100K Target
Almost half of Bitcoin options traders are betting on Bitcoin hitting $100K by the end of 2024, with some predicting a potential rise to $150K despite market change.
• MARA Calls for U.S. Action on Bitcoin Reserves
MARA Holdings calls for the U.S. to speed up its Bitcoin acquisition strategy as other nations prepare to compete for Bitcoin reserves.
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🔴Bitrue Crypto News
November 27, 2024.
1️⃣. Market Hotspots
• Solana Breaks Record with 54M Daily Transactions
Solana achieved a new milestone, processing 54 million daily transactions, showcasing its growing utility and adoption as a leading blockchain network.
• Dogecoin Surpasses Porsche in Market Value
Dogecoin’s market capitalization climbed to $57.05B, overtaking Porsche’s $56.31B, marking a major milestone for the meme-inspired cryptocurrency.
• Court Overturns Tornado Cash Sanctions
A U.S. court ruled that sanctions on Tornado Cash smart contracts were unlawful, delivering a significant legal win for the crypto and decentralization movements.
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November 27, 2024.
1️⃣. Market Hotspots
• Solana Breaks Record with 54M Daily Transactions
Solana achieved a new milestone, processing 54 million daily transactions, showcasing its growing utility and adoption as a leading blockchain network.
• Dogecoin Surpasses Porsche in Market Value
Dogecoin’s market capitalization climbed to $57.05B, overtaking Porsche’s $56.31B, marking a major milestone for the meme-inspired cryptocurrency.
• Court Overturns Tornado Cash Sanctions
A U.S. court ruled that sanctions on Tornado Cash smart contracts were unlawful, delivering a significant legal win for the crypto and decentralization movements.
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#ME #MagicEden #NFT #Bitcoin #Web3 #Bitrue
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🔴Bitrue Crypto News
November 28, 2024.
1️⃣. Markets Trends
• Vancouver’s Bitcoin-Friendly Plans
Vancouver’s Mayor Ken Sim plans to introduce a Bitcoin-friendly city initiative, proposing Bitcoin as a reserve asset for the city.
• Bitcoin’s Price Dip Viewed as Temporary
CryptoQuant reports that the current Bitcoin cycle hasn’t yet seen significant retail FOMO. Traders like Bluntz and K33 Research predict a dip to $93K, with Bitcoin expected to reach six figures by year-end.
• Bitwise Launches 10-Crypto ETF
Bitwise has filed with the SEC for a 10-crypto index ETF, including XRP, Bitcoin, Ethereum, Solana, and others, indicating growing institutional interest in cryptocurrencies.
• Tether Discontinues EURT Stablecoin
Tether has announced the discontinuation of its euro-pegged stablecoin, EURT, due to regulatory challenges in the European Union, with redemptions allowed until November 2025.
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November 28, 2024.
1️⃣. Markets Trends
• Vancouver’s Bitcoin-Friendly Plans
Vancouver’s Mayor Ken Sim plans to introduce a Bitcoin-friendly city initiative, proposing Bitcoin as a reserve asset for the city.
• Bitcoin’s Price Dip Viewed as Temporary
CryptoQuant reports that the current Bitcoin cycle hasn’t yet seen significant retail FOMO. Traders like Bluntz and K33 Research predict a dip to $93K, with Bitcoin expected to reach six figures by year-end.
• Bitwise Launches 10-Crypto ETF
Bitwise has filed with the SEC for a 10-crypto index ETF, including XRP, Bitcoin, Ethereum, Solana, and others, indicating growing institutional interest in cryptocurrencies.
• Tether Discontinues EURT Stablecoin
Tether has announced the discontinuation of its euro-pegged stablecoin, EURT, due to regulatory challenges in the European Union, with redemptions allowed until November 2025.
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🔴Bitrue Crypto News
November 28, 2024.
1️⃣. Market Hotspots
• MetaMask Users Can Purchase Crypto with Venmo
MetaMask has partnered with MoonPay to enable U.S. users to purchase cryptocurrency directly using Venmo. This integration expands access to crypto, offering an easy and familiar payment method for Venmo’s millions of users.
• SOS Ltd to Invest $50M in Bitcoin
SOS Ltd, a China-based company with U.S. Bitcoin mining operations, is set to invest $50 million in Bitcoin. The move comes as SOS aims to further integrate Bitcoin into its balance sheet and solidify its role in the global cryptocurrency market, signaling continued institutional adoption.
• Hong Kong to Introduce Crypto Tax Exemptions
Hong Kong is preparing to implement tax exemptions on crypto gains for private equity funds, hedge funds, and high-net-worth investment vehicles, aiming to become a global crypto hub.
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November 28, 2024.
1️⃣. Market Hotspots
• MetaMask Users Can Purchase Crypto with Venmo
MetaMask has partnered with MoonPay to enable U.S. users to purchase cryptocurrency directly using Venmo. This integration expands access to crypto, offering an easy and familiar payment method for Venmo’s millions of users.
• SOS Ltd to Invest $50M in Bitcoin
SOS Ltd, a China-based company with U.S. Bitcoin mining operations, is set to invest $50 million in Bitcoin. The move comes as SOS aims to further integrate Bitcoin into its balance sheet and solidify its role in the global cryptocurrency market, signaling continued institutional adoption.
• Hong Kong to Introduce Crypto Tax Exemptions
Hong Kong is preparing to implement tax exemptions on crypto gains for private equity funds, hedge funds, and high-net-worth investment vehicles, aiming to become a global crypto hub.
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Forwarded from Bitrue Announcements (Ricky)
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