Important Information About the Crypto Market Today (11/12/2024)

1. Coincheck Group N.V. Officially Trades on Nasdaq

• Event: Coincheck Group N.V. has completed its merger with Thunder Bridge Capital Partners IV, Inc. and has begun trading on Nasdaq under the ticker “CNCK” and “CNCKW”.

• Significance: This is a major milestone for Coincheck, one of Japan's leading cryptocurrency exchanges, with ambitions to expand into the global market in the crypto and Web3 fields.

2. Bitcoin Price Analysis

• Current Price: Bitcoin is trading around $96,253, with key support at $94,000.

• Situation: Many investors are taking the opportunity to buy in as prices adjust to lower levels.

3. Dogecoin Price Volatility

• Price: Dogecoin (DOGE) has dropped from a daily high of $0.424 to $0.3934, equivalent to a decrease of 6.15% in the last 24 hours.

• Whale Activity: Recent large DOGE transactions have raised speculation that the price may rise again in the near future.

4. Microsoft Rejects Bitcoin Investment

• Event: Microsoft has rejected a proposal asking the board to consider investing in Bitcoin.

• Response: This is not a surprising decision, as the leadership remains steadfast in this position, although some investors still hope the company will reconsider in the future.