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According to BlockBeats, recent data from TradingView indicates that Bitcoin's market dominance, represented as BTC.D, experienced a decline over the past three days. On November 21, Bitcoin's market share reached a high of 61.79%. However, it has since decreased, currently standing at 59.6%. This shift in Bitcoin's market dominance reflects changes in the cryptocurrency market dynamics. The initial peak suggests a period where Bitcoin was gaining a larger share of the overall market, possibly due to increased investor interest or market movements favoring Bitcoin over other cryptocurrencies. The subsequent decline indicates a shift, where other cryptocurrencies may be gaining traction or Bitcoin's growth is stabilizing. Market dominance is a key metric for understanding Bitcoin's position relative to other digital assets. A higher dominance percentage typically suggests Bitcoin is outperforming other cryptocurrencies, while a decrease can indicate a diversification of investments into alternative digital currencies. This trend is crucial for investors and analysts monitoring the cryptocurrency market's health and potential shifts in investment strategies.

According to U.Today, Bitcoin exchange-traded funds (ETFs) are on the verge of surpassing Satoshi Nakamoto as the largest holders of Bitcoin by market capitalization. Data from ETF analyst Eric Balchunas indicates that these financial products are 97% of the way to reaching this significant milestone. Despite this, some experts argue that the estimated 1.1 million Bitcoins attributed to Satoshi may be overstated. Bitcoin ETFs are also nearing a similar milestone in comparison to gold ETFs, with holdings at 97% of the latter's total. Balchunas has previously suggested that Bitcoin ETFs could potentially triple the holdings of gold ETFs, citing the appeal of Bitcoin's higher volatility as a factor. Galaxy Digital CEO Mike Novogratz has echoed this sentiment, stating that Bitcoin is more attractive to younger investors than gold and predicting that Bitcoin could surpass gold's market cap within the next decade. Bitcoin ETFs continue to be a significant bullish factor for the cryptocurrency. Data from crypto analytics platform SoSoValue shows that Bitcoin ETFs attracted $795 million in new inflows on Wednesday, with Bitcoin's IBIT accounting for over $626 million of that amount. Additionally, spot Bitcoin ETFs have now exceeded $100 billion in net assets, marking a notable achievement for these relatively new financial instruments. CoinGecko data also reveals that Bitcoin's price reached a new record high, surpassing the $98,000 mark earlier today.

According to Cointelegraph, state pension plans in the United States are increasingly allocating assets to cryptocurrencies, unlike private pension plans that face stricter regulations under the Employee Retirement Income Security Act of 1974 (ERISA). Attorney Allie Itami from Lathrop GPM highlighted that the Employee Benefits Security Administration (EBSA), responsible for enforcing ERISA, has expressed skepticism about private pension plans investing in digital assets due to their volatile nature. This caution stems from a 2022 compliance guidance issued by the EBSA, which has deterred ERISA-covered pension plans from incorporating cryptocurrencies into their portfolios. The stringent enforcement of ERISA regulations and the associated fiduciary liability have limited the involvement of private pension managers in the crypto market. Consequently, state pension plans are expected to continue dominating capital inflows into cryptocurrencies from retirement investment accounts unless there is a change in the guidance. Several state and municipal pension funds have already ventured into the crypto space. For instance, the State of Wisconsin’s Investment Board (SWIB) announced a $164 million investment in Bitcoin ETFs in May. Similarly, Michigan disclosed a $6.6 million investment in Bitcoin ETFs in July and expanded its digital asset exposure in November 2024 by acquiring shares in the Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust. Florida's chief financial officer, Jimmy Patronis, is advocating for the inclusion of Bitcoin in the state's pension programs. He described Bitcoin as "digital gold" and urged state pension funds to consider exposure to it. Patronis emphasized Bitcoin's potential as a hedge against inflation and a safeguard against central bank digital currencies during an appearance on CNBC, asserting that "Crypto is not going anywhere." This growing interest from state pension funds underscores a significant shift in the investment landscape, as they seek to capitalize on the potential benefits of digital assets.

On Nov 22, 2024, 17:10 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 99,000 USDT benchmark and is now trading at 99,096 USDT, with a narrowed 1.84% increase in 24 hours.

According to Odaily, recent data disclosed by Arkham on the X platform reveals that the German government previously held 49,858 bitcoins, which are currently valued at $4.92 billion. In July of this year, the government sold its bitcoin holdings, generating $2.89 billion at an average price of $57,900 per bitcoin. This sale resulted in a missed opportunity for an additional $2.03 billion in potential profits. The decision to sell the bitcoins at that time has sparked discussions regarding the timing and strategy behind the sale. The significant difference between the sale proceeds and the current valuation highlights the volatility and unpredictability of the cryptocurrency market. The German government's move reflects a cautious approach, prioritizing immediate financial gains over potential future profits. This development underscores the challenges faced by governments and institutions in managing cryptocurrency assets. As the market continues to evolve, the decision-making processes surrounding the acquisition and liquidation of digital currencies remain complex and fraught with risk. The German government's experience serves as a case study for other entities considering similar actions in the volatile world of cryptocurrencies.

According to BlockBeats, the Chicago Board Options Exchange (CBOE) is set to introduce its first cash-settled options product linked to spot Bitcoin. This new financial instrument is scheduled to be available on December 2, a Monday, marking a significant development in the cryptocurrency derivatives market. The introduction of cash-settled Bitcoin options by CBOE represents a notable step in the evolution of cryptocurrency trading. These options will allow investors to speculate on the price movements of Bitcoin without the need to hold the actual cryptocurrency. This product is expected to attract a wide range of investors, including those who are interested in Bitcoin but are hesitant to engage in direct cryptocurrency transactions due to concerns about security and regulatory issues. CBOE's move to offer Bitcoin options comes amid growing interest in cryptocurrency derivatives, which have become increasingly popular among institutional investors seeking exposure to digital assets. The cash-settled nature of these options means that settlements will be made in cash rather than Bitcoin, providing a layer of convenience and reducing the complexities associated with handling the digital currency itself. This launch is anticipated to enhance the liquidity and accessibility of Bitcoin-related financial products, potentially leading to increased participation from both retail and institutional investors. As the cryptocurrency market continues to mature, the introduction of such products by established financial institutions like CBOE underscores the growing acceptance and integration of digital assets into traditional financial markets.

According to Odaily, Michael Saylor recently shared insights on the X platform about MicroStrategy's financial operations centered around Bitcoin. The company utilizes an Automated Market Maker (ATM) product to manage volatility. This approach involves separating Bitcoin's risk, volatility, and performance from fixed-income securities. The resulting performance is then transferred to MSTR stockholders, allowing them to benefit from Bitcoin's market dynamics. MicroStrategy's strategy reflects a broader trend of integrating cryptocurrency into traditional financial frameworks. By leveraging Bitcoin's unique characteristics, the company aims to optimize its financial operations and provide value to its shareholders. This method highlights the evolving landscape of financial management, where digital assets play an increasingly significant role. Saylor's comments underscore the importance of innovative financial strategies in navigating the complexities of modern markets.

On Nov 22, 2024, 13:25 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 98,000 USDT and is now trading at 97,930.007813 USDT, with a narrowed narrowed 0.72% increase in 24 hours.

According to Odaily, Calamos Investments has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin 'structured-protection' ETF. This proposed exchange-traded fund aims to leverage the options market to hedge against up to 100% of Bitcoin's downside risk, offering investors a way to mitigate the impact of high volatility in Bitcoin investments. Calamos Investments, which currently manages assets worth $40 billion, is looking to provide a structured investment opportunity that could appeal to those wary of Bitcoin's notorious price swings. The structured-protection ETF is designed to offer a safety net for investors by using options strategies to protect against potential losses, thereby making Bitcoin investments more accessible to a broader audience. Earlier this year, in May, Calamos also submitted an application for a Bitcoin 'Buffer' ETF. This initiative reflects the company's ongoing efforts to expand its offerings in the cryptocurrency space, providing innovative solutions to address the challenges associated with digital asset investments. The Buffer ETF aims to offer a different level of protection, focusing on cushioning investors from moderate market downturns while still allowing for potential gains. The move by Calamos to introduce these ETFs underscores the growing interest and demand for structured financial products in the cryptocurrency market. As digital assets continue to gain traction among institutional and retail investors, the need for diversified investment strategies that can manage risk effectively becomes increasingly important. Calamos' approach highlights the potential for traditional financial instruments to adapt and evolve in response to the unique characteristics of the cryptocurrency landscape.

According to Odaily, CryptoQuant CEO Ki Young Ju recently shared insights on the X platform, indicating that Bitcoin is still in the early stages of price discovery in the current bull market. Ju's analysis draws parallels with the progress observed during the bull markets of 2017 and 2020, suggesting that the cryptocurrency's current trajectory aligns with these past trends. Ju's comments highlight the ongoing developments in the Bitcoin market, emphasizing the potential for further growth as the bull market progresses. This perspective is particularly relevant for investors and analysts who are closely monitoring Bitcoin's performance and its implications for the broader cryptocurrency landscape. The comparison to previous bull markets provides a framework for understanding the current market dynamics and potential future movements. As Bitcoin continues to navigate this phase, stakeholders are keenly observing market indicators and trends to gauge the cryptocurrency's future direction. Ju's insights contribute to the broader discourse on Bitcoin's market behavior, offering a perspective that underscores the significance of historical patterns in predicting future outcomes. This analysis is crucial for those looking to make informed decisions in the ever-evolving cryptocurrency market.

According to BlockBeats, recent data from Coinglass indicates that if Bitcoin surpasses the $100,000 mark, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) could reach $1.381 billion. Conversely, if Bitcoin falls below $97,000, the cumulative liquidation intensity of long positions on these exchanges could amount to $1.028 billion.BlockBeats notes that the liquidation chart does not precisely display the number of contracts pending liquidation or the exact value of contracts being liquidated. Instead, the bars on the chart represent the relative importance of each liquidation cluster compared to nearby clusters, referred to as intensity. Therefore, the chart illustrates the potential impact on the market when the asset price reaches a certain level. A higher 'liquidation bar' suggests that once the price hits that level, there will be a more intense reaction due to a wave of liquidity.

On Nov 22, 2024, 03:16 AM (UTC), according to Binance Market Data, Bitcoin (BTC) crossed the 99,000 USDT benchmark and is now trading at 99,000 USDT, with a narrowed 4.29% increase in 24 hours.

Bitcoin (BTC) exchange-traded funds (ETFs) in the United States have collectively crossed $100 billion in net assets for the first time, managing approximately $104 billion as of November 21, according to Bloomberg Intelligence. This marks a significant milestone for the cryptocurrency industry, which has seen rapid institutional adoption since spot Bitcoin ETFs launched in January.Investor interest in BTC ETFs surged in November, following the U.S. presidential election. President-elect Donald Trump’s pro-crypto stance has fueled market optimism, with over $5 billion in ETF inflows reported since his victory. Bryan Armour, director of passive strategies research at Morningstar, noted that the election result has improved the outlook for Bitcoin’s future, driving performance and investor participation.ETF Market Leaders:BlackRock’s iShares Bitcoin Trust (IBIT): Leads the market with $30 billion in net inflows since January.Fidelity Wise Origin Bitcoin Fund (FBTC): The second-largest BTC ETF, with $11 billion in inflows year-to-date.Bitcoin ETFs are closing in on gold ETFs, which currently hold $120 billion in AUM. Bloomberg ETF analyst Eric Balchunas highlighted that Bitcoin ETFs are “97% of the way to surpassing Satoshi as the largest holder and 82% of the way to overtaking gold ETFs.”Market Impact:Bitcoin (BTC) is trading at over $96,000, up nearly 120% year-to-date, according to Google Finance data. BlackRock’s IBIT also recorded its highest-ever daily volume on November 6, just after Trump’s election, with $1.1 billion in inflows.As investors hedge against geopolitical tensions and potential fiat currency debasement, both gold and Bitcoin have gained prominence. JPMorgan’s October report suggested a growing trend toward these assets as part of a “debasement trade,” positioning Bitcoin ETFs as a major force in financial markets.With Bitcoin expected to reach between $100,000 and $150,000 per coin, institutional and retail adoption through ETFs could further strengthen its position as a core financial asset.Read More: UK to Introduce Crypto Regulatory Framework in Early 2025Bitcoin Gains Attention As Modern Inflation Hedge Amid Institutional ShiftBitcoin Expected to Surge Past $100,000 After U.S. Election, Says Galaxy Digital CEO

According to PANews, Steakholder Foods Ltd., a publicly traded company on Nasdaq under the ticker STKH, has announced that its board of directors has approved the purchase of up to $1 million worth of Bitcoin or a cryptocurrency index.Arik Kaufman, the CEO of Steakholder Foods, stated that with the growing demand for cryptocurrencies and their increasing acceptance as an asset class, the company believes that Bitcoin or a diversified basket of cryptocurrencies, including Bitcoin, will serve as a strong financial reserve asset. Kaufman highlighted that the recent approval of cryptocurrency ETFs and the growing support from institutional investors make cryptocurrencies a valuable addition to their financial strategy, aiming to provide practical value storage.Steakholder Foods is an Israeli company specializing in alternative proteins and 3D printing technology. The company is listed on the Nasdaq, reflecting its commitment to innovation and financial growth through strategic investments in emerging asset classes like cryptocurrencies.

According to Odaily, Bitcoin mining company HIVE Digital has announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan Inc. This recent acquisition builds on an earlier announcement made at the beginning of the month, where HIVE Digital revealed plans to acquire 6,500 Avalon miners. With this latest purchase, the total number of new Avalon ASIC miners ordered by HIVE Digital in November has reached 11,500 units.This strategic expansion underscores HIVE Digital's commitment to enhancing its mining capabilities and increasing its operational efficiency. The acquisition of these advanced mining machines is expected to bolster the company's position in the competitive Bitcoin mining industry. By integrating the Avalon A15-194T ASIC miners, HIVE Digital aims to optimize its mining operations and improve its overall output.The decision to invest in additional mining equipment reflects the growing demand for Bitcoin and the need for increased computational power to mine the cryptocurrency effectively. As the market for digital currencies continues to evolve, companies like HIVE Digital are positioning themselves to capitalize on emerging opportunities and maintain a competitive edge. This move is indicative of the broader trend within the industry, where mining firms are scaling up their operations to meet the rising demand for Bitcoin and other cryptocurrencies.

According to Odaily, Bitcoin is increasingly being recognized as a high-growth investment tool, highlighting a shift in sentiment among institutional investors. Maruf Yusupov, co-founder of Deenar, noted that Bitcoin's rapid rise following Donald Trump's victory in the U.S. elections may be reshaping traditional views on inflation hedging. Trump's focus on tax cuts, tariffs, and cryptocurrencies is driving interest in Bitcoin as a modern alternative to gold. As institutional adoption accelerates, there could be a significant shift of capital from gold to digital assets.Nigel Green, CEO of deVere Group, also stated that Bitcoin is increasingly seen as a tool for hedging inflation and diversifying investment portfolios. Institutional interest has reached an all-time high, with the infrastructure supporting mass adoption continually expanding. Fadi Aboualfa, Head of Research at Copper.co, echoed these sentiments, emphasizing the growing similarity in price trend patterns between spot Bitcoin and gold exchange-traded funds (ETFs). This convergence suggests a broader acceptance of Bitcoin as a viable asset class, potentially leading to further integration into traditional financial systems.

According to BlockBeats, MicroStrategy's stock price experienced a significant increase in pre-market trading on November 21. The shares rose by 15.17%, reaching a price of $545.7. This surge reflects growing investor interest and confidence in the company's market position.