It took bitcoin just over ten days to reestablish its presence in the market by skyrocketing to a new all-time high, this time of well over $106,000. It went up, down, and up again in the past 12 hours or so, leaving over $300 million in liquidations, but one particular order stands out as the…
In a bid to grow its Bitcoin portfolio, Tokyo-listed Metaplanet has announced a new debt issuance during a Board of Directors meeting held on November 18th. The filing shows that the company plans to sell one-year ordinary bonds worth 1.75 billion yen—$11.3 million—with an annual interest rate of 0.36%. The entire amount raised will be…
TL;DR Bitcoin (BTC) has surged past $80,000, with analysts eyeing further peaks potentially reaching $220,000. Despite the optimism, some metrics like the high RSI suggest the asset’s price may face a short-term correction, while some investors caution about a minor chance of a severe downturn. Is There Room for More Growth? Bitcoin (BTC) has been…
Bitcoin (BTC) has struggled below the $70,000 price for over four months. Even the much-lauded “Uptober” failed to bring it above it for quite a while, until yesterday. However, a CryptoQuant analyst projects that the current metric on the Miners’ Position Index (MPI) will significantly aid Bitcoin’s price gain to incredible heights between this year’s…
Crypto markets have remained tightly range-bound over the weekend, with volatility declining, but that may be about to change. Retail sales and manufacturing reports are released this week. These are often used as indicators of economic conditions and potential changes in inflationary trends. “We now have the Fed, election, geopolitical tensions, and earnings in the spotlight,” commented…
Tokyo-listed Bitcoin holder Metaplanet has purchased an additional 108.786 Bitcoin for 1 billion yen, reflecting its ongoing bullish stance on the crypto asset. The latest stash is worth around $6.7 million. Metaplanet Expands Bitcoin Holdings According to the official statement released on Monday, Metaplanet – often referred to as Japan’s MicroStrategy – now holds 639.503…
The precious metal has had a highly impressive year, having surged by about 27% and tapping a new all-time high just on Friday. However, does this impressive YTD increase mean that it has done better than bitcoin, which is far from its ATH? Gold Dominates 2024 Perhaps driven by the overall macroeconomic situation, with a…
Over the past month or so, Bitcoin has fallen while the Nasdaq and S&P 500 have gained. Will the bulls be back after the spigots turn up the overnight cash markets? Bitcoin is down by 6% over the 30 days ending Friday, Sept. 13, while the Nasdaq Composite is up 3.7% for the month’s trades…
Last week was a brutal one for crypto markets, with losses extending into the weekend. A raft of employment data out of the US didn’t prevent stock markets from falling either, as ‘Slumptember’ lives up to its name. This week will be heavy on inflation data with additional reports on jobless claims. “This is the final…
Bitcoin’s market price on crypto exchanges fell to its lowest price since the early August massacre when it dumped below $50,000 for the first time since the spot Bitcoin ETFs were greenlighted in the US and started seeing actual demand. BTC bounced off the previous such crash and even soared to $65,000 weeks later. However,…