Bitcoin Hits $98,367 Lifetime High, Nears $2 Trillion Market Cap

November 21, 2024 Bitcoin.com

Bitcoin

Bitcoin (BTC) achieved a historic milestone, reaching an all-time high of $98,367 per coin, just 1.66% shy of the coveted $100,000 mark. Bitcoin Approaches $100K, Eyes Market Milestone On Thursday morning at 6 a.m. Eastern Time, the leading cryptocurrency bitcoin (BTC) rose 5.2% against the U.S. dollar in the past 24 hours and 7.8% over […]

Arbitrage trading in crypto, explained

$100K Bitcoin next? No euphoria ‘encouraging’ as BTC price breaks new highs

November 20, 2024 Coin Telegraph

Bitcoin

Bitcoin analysts and traders are optimistic that BTC’s price will hit the coveted $100,000 mark despite a “lukewarm” social media response to the latest ATHs.

Bitcoin (BTC) continues its march toward the coveted $100,000 mark after setting another all-time high above $94,000 on Nov. 19.

Even though this move to new record highs did not spark “euphoria,” analysts say it is necessary for pushing BTC’s price higher.

BTC/USD daily chart. Source: TradingView

Arbitrage trading in crypto, explained

MicroStrategy increases note sales to $2.6B for Bitcoin purchases

November 20, 2024 Coin Telegraph

Bitcoin

MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.

MicroStrategy said it has increased its upcoming note sale to $2.6 billion, signaling bullish expectations for Bitcoin’s potential to surpass the $100,000 mark.

MicroStrategy, the largest corporate Bitcoin (BTC) holder, is set to raise $2.6 billion from senior convertible notes at a 0% interest rate to buy more BTC.

The note sale was upsized from a previously announced offering of $1.75 billion aggregate principal amount of notes, the firm shared in a Nov. 20 statement.

Arbitrage trading in crypto, explained

Bitcoin Surges Past $94,000, Edges Closer to $100K Milestone

November 20, 2024 Bitcoin.com

Bitcoin

Bitcoin (BTC) surged past $94,000 zone on Wednesday, marking a historic all-time high as it edges closer to the highly anticipated $100,000 milestone. The cryptocurrency is now less than $6,000 shy of the round-number six-digit mark, a target that has captivated analysts and investors alike. Over $94,000 per Bitcoin: A New Lifetime Record This latest […]

Arbitrage trading in crypto, explained

Bitcoin Reaches $93,975, Setting a New All-Time High

November 19, 2024 Bitcoin.com

Bitcoin

Bitcoin (BTC) shattered records on Tuesday, reaching an eye-popping $93,975—a new all-time high. Bitcoin Rallies to $93,975, Liquidating $44.4M in Shorts The top cryptocurrency gained 3.3% against the U.S. dollar in the past day and climbed 7.5% this week. With a towering market cap of $1.86 trillion, bitcoin continues to command attention in the ever-evolving […]

Arbitrage trading in crypto, explained

MicroStrategy buys $4.6B of Bitcoin as price hits new highs

November 18, 2024 Coin Telegraph

MicroStrategy buys .6B of Bitcoin as price hits new highs

All time high

MicroStrategy acquired an additional 51,780 BTC worth $4.6 billion, boosting its total holdings to 331,200 Bitcoin as BTC prices hit record highs above $92,400.

MicroStrategy, one of the world’s largest public holders of Bitcoin, continued stacking BTC even as the cryptocurrency broke new highs.

On Nov. 18, MicroStrategy announced it purchased 51,780 Bitcoin (BTC) for about $4.6 billion at an average price of $88,627 per BTC.

With the latest acquisition, MicroStrategy’s total Bitcoin holdings have grown to 331,200 BTC, purchased at an aggregate cost of $16.5 billion. The average price per Bitcoin across all purchases is $49,874.

Arbitrage trading in crypto, explained

Bitcoin Technical Analysis: Candlestick Patterns and Volume Trends Hint at Bitcoin’s Next Move

November 18, 2024 Bitcoin.com

Bitcoin

Bitcoin (BTC) is holding firm at $90,466 to $90,738 over the last hour, taking a breather after its recent climb to the $93,483 all-time high. Traders are closely eyeing pivotal support and resistance levels as the market readies for its next big move. Bitcoin On the daily chart, bitcoin’s rally from $64,802 to $93,483 has […]

Arbitrage trading in crypto, explained

Current Bitcoin price ceiling projected at $135K — Ki Young Ju

November 17, 2024 Coin Telegraph

Bitcoin

Analysts continue to forecast a Bitcoin price target anywhere between $140,000-$500,000 during the current market cycle.

CryptoQuant founder and CEO Ki Young Ju has revised earlier price predictions and is now projecting a $135,000 Bitcoin (BTC) price ceiling, with a 2024 price target of $112,000, in his latest quantitative analysis of Bitcoin's price action.

The CEO explained that capital flows into the Bitcoin market, including those from exchange-traded funds and products, support these price predictions. Ju indicated that these are "current" projections — a signal that the forecast is subject to change. The CEO also offered a word of caution to traders:

Ju recently warned market speculators and investors that the BTC-USDt (USDT) perpetual market was overleveraged by approximately 2.7 times more than in early 2024. Liquidations of leveraged long positions place downward pressure on Bitcoin's price, and cascading liquidations can significantly pull back the price.

Arbitrage trading in crypto, explained

QCP Sees Bitcoin Momentum Pushing Toward $120K Despite Market Hazards

November 15, 2024 Bitcoin.com

Bitcoin

An analysis from QCP Capital highlights bitcoin’s latest breakout and future trends. QCP: Bitcoin’s Rally Tied to Inflation Data, Trump Policies, and Market Shifts Bitcoin (BTC) achieved a record high of $93.4K during the New York trading session, according to the market update from QCP Capital. QCP analysts noted that the rally occurred following U.S. […]

Arbitrage trading in crypto, explained

Bitcoin Hits Historic $93,481 as Crypto Economy Surpasses $3 Trillion

November 13, 2024 Bitcoin.com

Bitcoin

Bitcoin (BTC) surged to an all-time high of $93,481 today, marking a milestone as the cryptocurrency market surpassed a $3 trillion valuation. Record-Breaking Bitcoin Price Sparks $3 Trillion Milestone for Crypto Market The price of bitcoin (BTC) surged to a record high of $93,481 today, marking a new milestone for the cryptocurrency. This recent increase […]

Bitcoin Price

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