MicroStrategy bags 5.2K Bitcoin at average BTC price of $106K

December 23, 2024 Coin Telegraph

Bitcoin

MicroStrategy slowed down Bitcoin buying last week, reporting the smallest BTC buy since July 2024.

Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin (BTC) buying last week in line with the founder’s pledge to keep accumulating the asset at peak prices.

MicroStrategy acquired 5,262 BTC in the period between Dec.16-Dec. 22, pouring roughly $561 million into the asset, the firm officially announced on Dec. 23.

In its latest Bitcoin purchase, MicroStrategy bought the cryptocurrency at an average price of roughly $106,662, the highest cost the firm has ever paid per BTC.

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Bitcoin Technical Analysis: Will the Long-Term Uptrend Save the Day?

December 21, 2024 Bitcoin.com

Bitcoin

Bitcoin’s current price is $97,384, with a 24-hour trading volume of $69.42 billion and a market cap of $1.92 trillion. Today, it danced between $95,444 and $99,496, signaling a market in a state of flux. This rollercoaster ride has left traders on the edge of their seats, watching for the next big move as technical […]

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Bitcoin correction ‘almost done’ as realized losses rise above weekly average

December 20, 2024 Coin Telegraph

Bitcoin ETFs

Bitcoin traders’ realized losses have likely peaked, possibly marking the bottom of the current BTC price sell-off.

Bitcoin’s (BTC) daily chart has produced three consecutive red candles for the first time since the first week of November, which coincidentally was the lead-up period to Donald Trump’s US election victory.

Another similarity between the last time three or more red candles were observed on the daily chart was that Bitcoin retested the 50-day EMA level.

Bitcoin 1-day chart. Source: Cointelegraph/TradingView

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Bitcoin price drops to $100.3K after Fed rate cut and Powell’s revised 2025 inflation outlook

December 19, 2024 Coin Telegraph

Bitcoin price drops to 0.3K after Fed rate cut and Powell’s revised 2025 inflation outlook

altcoin sell off

Bitcoin price sold off, and the wider crypto market corrected following the Federal Reserve's hawkish 2025 outlook on inflation.

Bitcoin and the wider crypto market sold off as the Fed announced a 25 basis point rate cut to its benchmark policy rate and signaled that fewer rate cuts than initially planned could take place in 2025.

Following Fed chair Jerome Powell’s post-rate cut presser, Bitcoin (BTC) price dropped 4.6% to $101,300, while Ether (ETH) fell 5.96% to $3,600.

Although market participants had anticipated a 0.25% rate cut, which ticks a box for most traders with bullish price expectations, Powell’s indication that only two more rate cuts would occur in 2025 raised eyebrows. Adding to what some traders view as a hawkish outlook, the Fed committee also raised their 2025 inflation outlook from 2.1% to 2.5%.

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Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

December 19, 2024 Bitcoin.com

Bitcoin Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Price

On Wednesday, the price of bitcoin plummeted below the $100,000 mark, hitting an intraday low of $99,997 per coin. The whole crypto market has taken a hit, dropping 5.74% in the past 24 hours, with numerous coins feeling the sting of heavy losses. Bitcoin’s Rollercoaster Week: From Record High to Sub-$100K Slide It feels like […]

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MicroStrategy to eclipse Starbucks, Nike market cap if Bitcoin rallies to $138K

December 17, 2024 Coin Telegraph

Bitcoin

MicroStrategy’s steady Bitcoin purchases could send its market cap above Starbucks and Nike if BTC rallies above $138,000.

MicroStrategy’s (MSTR) stock prices are up 546% for the year, with its market cap currently at $99.4 billion. Its Bitcoin (BTC) reserve is a major reason for its significant year-to-date yields, as the organization added 249,850 BTC in 2024, taking its total tally to 439,000 BTC.

With its market cap on the brink of breaking the $100 billion threshold, MicroStrategy will take over major American companies if Bitcoin hits higher price targets.

With 439,000 BTC in its treasury, MicroStrategy is the largest corporate holder of Bitcoin, surpassing Marathon Digital’s tally of 40,435 BTC by 985%.

Arbitrum Integrates With BitcoinOS to Expand Into the Bitcoin Network

Bitcoin Technical Analysis: Breakout Looms as Resistance Nears $108K

December 17, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price reached $107,264 with a market capitalization of $2.12 trillion and a 24-hour trade volume of $104 billion, as its price fluctuated within a range of $103,768 to $107,821. Bitcoin On the 1-hour chart, bitcoin is hanging tight around $107,000, with a hint of selling pressure at the top of the daily range. Support […]

Arbitrum Integrates With BitcoinOS to Expand Into the Bitcoin Network

Bitcoin Technical Analysis: Resistance at $106K Sparks Fierce Bull-Bear Battle

December 16, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price held steady at a dazzling $105,080 on Monday, Dec. 16, 2024, with a daily trading volume of $90.85 billion and a market cap hitting $2.05 trillion, while the leading crypto asset by market cap danced between $102,593 and $106,533 throughout the last day. Bitcoin Bitcoin keeps riding the wave of a grand bullish […]

Arbitrum Integrates With BitcoinOS to Expand Into the Bitcoin Network

Bitcoin Blasts Past $105,000, Setting New Record High

December 16, 2024 Bitcoin.com

Bitcoin

Bitcoin, the flagship cryptocurrency, soared past the $105,000 mark on Dec. 15, 2024, reaching an intraday peak of $105,149 per coin. This represents a 4% increase against the U.S. dollar within the day, showcasing a strong performance in the crypto market. Record Breaking Surge: Bitcoin Hits $105,149 The digital currency’s market capitalization has now climbed […]

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Bitcoin hits a new all-time high of $105K, gaining 20% in the last month

December 15, 2024 Coin Telegraph

Bitcoin hits a new all-time high of 5K, gaining 20% in the last month

Bitcoin Price

It comes as the Federal Reserve is expected to go ahead with a rate cut next week, rumors that Trump may use Bitcoin as a US reserve asset from “day one” and more.

Bitcoin’s price rallied over 3.2% to set a new all-time high above $105,000 on Dec. 15 as speculation of it becoming a United States reserve asset continues to grow.

Bitcoin (BTC) topped out at $105,100 but has since fallen slightly to $104,850, TradingView data shows. Its previous high was $104,000, which was set on Dec. 5.

It is now up nearly 20% over the last month and 55.5% since the US presidential election on Nov. 5.

Bitcoin’s change in price over the last 24 hours. Source: TradingView

Bitcoin’s price has also now stayed above the $100,000 mark since Dec. 13 at around 5:00 pm UTC.

It comes as Strike founder and CEO Jack Mallers said US President-Elect Donald Trump could issue an executive order designating Bitcoin as a reserve asset on his first day in office.

Bitcoin Price

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