Bitcoin News

Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock.  “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin

Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP).  On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500.  If the crypto market were a country,

Shares in China-based crypto mining chip designer Nano Labs rose slightly after announced it is now accepting Bitcoin as payment for its goods and services through a business account on Coinbase. In a Nov. 11 statement, the Huangzhou-based crypto mining chip maker, which is listed on the Nasdaq, said the move was part of a

Bitcoin’s 11% rally to $89,500 on Nov. 11 has pushed United States spot Bitcoin exchange-traded funds (ETFs), MicroStrategy Inc (MSTR) and Coinbase Global Inc (COIN) to a record $38 billion in combined daily trading volume. The record day far surpassed the previous high of around $25 million set in March amid Bitcoin (BTC) breaking through

Bitcoin surpassed the record $85,000 mark for the first time in history, potentially setting the stage for a six-figure price tag before 2025. Bitcoin’s (BTC) price breached a new all-time high of $85,000 at 18:41 pm in UTC, Cointelegraph data shows. BTC/USD, 1-week chart. Source: Cointelegraph The new all-time high comes a week after former

While some investors hold back from buying Bitcoin when it reaches new highs, MicroStrategy has doubled down, demonstrating a strong commitment to the cryptocurrency. In a Nov. 11 announcement, the business intelligence firm turned Bitcoin (BTC) investor said it bought 27,200 Bitcoin for about $2.03 billion in cash. MicroStrategy purchased the coins between Oct. 31

Cointelegraph has announced that Rooch Network, a blockchain project building a native application layer for the Bitcoin ecosystem, has joined the Cointelegraph Accelerator program. Bitcoin (BTC) was conceived as an alternative payment system, a digital cash. With a gigantic increase in value over the years, BTC rapidly became an appealing investment vehicle. Thus, the original

Bitcoin is officially back in a bull market and could potentially hit $1 million per coin in the next few years, according to trader and investor Michaël van de Poppe. However, the founder of MN Consultancy, MN Capital and MN Academy warned that a $1 million Bitcoin (BTC) price might come alongside a much broader

Cryptocurrency investors continued pouring massive inflows into digital investment products last week amid post-election market momentum. Crypto investment products saw $1.98 billion in inflows from Nov. 3–9, pushing global assets under management to a record high of $116 billion, CoinShares reported on Nov. 11. This marks the fifth consecutive week of inflows, totaling $7.7 billion

Supported by a new all-time high (ATH) market price above $81,000, the total market capitalization of Bitcoin crossed $1.6 trillion for the first time since its launch in 2009. On Nov. 11, Bitcoin (BTC) reached a market capitalization of $1.62 trillion amid the ongoing bull market, concurrently bringing up the global crypto market cap to

The FTX bankruptcy estate continues to pursue lawsuits against cryptocurrency companies as part of its ongoing bankruptcy proceedings. A group of firms involved in the FTX bankruptcy proceedings initiated a lawsuit against cryptocurrency exchange Binance, seeking to recover $1.8 billion, according to a complaint filed on Nov. 10. In the filing, the plaintiffs argued that

Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Company (Pimco), are reentering the crypto space amid a major market rally. Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on

Bitcoin will gain political importance following Donald Trump and the Republicans’ United States election wins — and investors who don’t own the cryptocurrency can no longer ignore it, according to the New York Digital Investment Group (NYDIG). “While some investors have allocated to Bitcoin, the most common allocation for investors is still zero. There are

Crypto traders betting on a market drop were hit with major liquidations as Bitcoin surged to an all-time high above $81,000, causing widespread losses in short positions. CoinGlass data showed that in the last 12 hours, about $180 million in short positions were liquidated across the crypto market. Bitcoin (BTC) has continued to rally in

CryptoQuant CEO Ki Young Ju says Bitcoin may end the year under $59,000, citing an overheated futures market as one of the primary reasons for an end-of-year tumble. In a Nov. 9 post to X, Ki said he expects Bitcoin to close the year at $58,974 and asked others to speculate on the yearly close,

Bitcoin and the broader crypto market have been gleefully declared dead more than a few times during bear markets, but some experts say it would take a genuinely extreme set of events for it to truly die. According to 99Bitcoins — a website that, among other things, tracks how many times Bitcoin (BTC) has been

As the first blockchain and cryptocurrency, Bitcoin (BTC) paved the way for everything that’s come since: nonfungible tokens (NFTs), smart contracts, tokenization, layer-2 solutions, and all the rest. Due to Bitcoin’s value to the cryptosphere, forming the bedrock that supports the rest of the market, its protocol is rarely altered. With hundreds of billions of

Developers of Bitcoin side-chain MicroVisionChain (MVC) have unveiled a BRC-20 decentralized exchange (DEX) as part of its roadmap for Q1 2024. In an interview with Cointelegraph, MVC chief operating officer Jason Kwok claims to have developed a “1:1 mapping relationship” with Bitcoin on its sidechain. “This essentially creates a parallel version of your Bitcoin assets,

A specialized exchange-traded fund (ETF) firm, YieldMax, has filed to launch the first yield-bearing ETF product based on shares in Michael Saylor’s Bitcoin holding company, MicroStrategy. According to a Dec. 7 filing with the United States SEC, YieldMax has officially applied to launch its Option Income Strategy ETF based on shares in MicroStrategy, slated for

El Salvador has launched a new citizenship-by-investment program that grants a residency visa and pathway to citizenship for 1,000 people willing to stump up a $1 million Bitcoin (BTC) or Tether (USDT) investment in the country. The Central American country’s price tag for citizenship, however, appears far more expensive than those in neighboring Caribbean countries,