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#Btc #Eth #Xrp
Critical XRP Decision from Coinbase: Price Suddenly Increased!
Coinbase, the largest cryptocurrency exchange in the USA, gave good news for XRP followers.
According to the statement made by the stock market giant Coinbase, users in New York will be able to buy and sell XRP on the stock exchange again.
The US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, the issuer of XRP, in 2020 for violating securities laws. Due to this case, Coinbase stopped XRP transactions on its platform on January 19, 2021.
XRP price started to rise after Coinbase's announcement. According to TradingView data, XRP gained 2.49% on a daily basis.
It is not yet known whether Coinbase will include XRP in global markets.
$BTC $ETH $BNB
Critical XRP Decision from Coinbase: Price Suddenly Increased!
Coinbase, the largest cryptocurrency exchange in the USA, gave good news for XRP followers.
According to the statement made by the stock market giant Coinbase, users in New York will be able to buy and sell XRP on the stock exchange again.
The US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, the issuer of XRP, in 2020 for violating securities laws. Due to this case, Coinbase stopped XRP transactions on its platform on January 19, 2021.
XRP price started to rise after Coinbase's announcement. According to TradingView data, XRP gained 2.49% on a daily basis.
It is not yet known whether Coinbase will include XRP in global markets.
$BTC $ETH $BNB
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#Btc #Eth #Bnb #Lunc #Twt
The Expected Moment is Coming for Ethereum: SEC Started Negotiations!
The US Securities and Exchange Commission (SEC) has begun negotiations with issuers applying for Ethereum.
According to The Block, the SEC contacted the companies that prepared an S-1 file to establish a spot Ethereum ETF. Regarding the talks, an official said, “It is just beginning. It feels like [the SEC's Division of Investment Management] was caught off guard by the change in tone. That's why it's just getting started,” he said.
In order for Spot Ethereum ETFs to be established, the SEC must first approve the 19b-4 filings and then the S-1s.
Before approving these applications, the SEC generally provides feedback to the applicants and the files are updated and sent to the SEC.
Bloomberg ETF analyst Eric Balchunas expects the SEC to announce its decision on Ethereum ETFs around 23:00 today.
$BTC $ETH $BNB
The Expected Moment is Coming for Ethereum: SEC Started Negotiations!
The US Securities and Exchange Commission (SEC) has begun negotiations with issuers applying for Ethereum.
According to The Block, the SEC contacted the companies that prepared an S-1 file to establish a spot Ethereum ETF. Regarding the talks, an official said, “It is just beginning. It feels like [the SEC's Division of Investment Management] was caught off guard by the change in tone. That's why it's just getting started,” he said.
In order for Spot Ethereum ETFs to be established, the SEC must first approve the 19b-4 filings and then the S-1s.
Before approving these applications, the SEC generally provides feedback to the applicants and the files are updated and sent to the SEC.
Bloomberg ETF analyst Eric Balchunas expects the SEC to announce its decision on Ethereum ETFs around 23:00 today.
$BTC $ETH $BNB
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#Btc #Eth #Super
Ethereum ETF and Comments
Everyone in the market had their eyes on the May 23 date. It is expected that the US SEC will make a historic decision within 24 hours, and the estimated time for the decision to be taken is 23.00 Turkey time. The final decision date regarding the spot Ethereum ETF offered by VanEck was May 23.
Until last week, the expectation in the market was that the ETF might be gradually rejected, but things changed as of Monday. Bloomberg's famous ETF analysts increased their approval expectation rate from 25% to 75% and excited the entire market.
Following this news, the price of ETH suddenly jumped from $ 3,000 to over $ 3,700. As of press time, the ETH price continues to trade at $ 3,768 after the 0.81% increase. It should not be forgotten that the price may have high volatility after the decision to be taken tomorrow.
$BTC $ETH $SOL
Ethereum ETF and Comments
Everyone in the market had their eyes on the May 23 date. It is expected that the US SEC will make a historic decision within 24 hours, and the estimated time for the decision to be taken is 23.00 Turkey time. The final decision date regarding the spot Ethereum ETF offered by VanEck was May 23.
Until last week, the expectation in the market was that the ETF might be gradually rejected, but things changed as of Monday. Bloomberg's famous ETF analysts increased their approval expectation rate from 25% to 75% and excited the entire market.
Following this news, the price of ETH suddenly jumped from $ 3,000 to over $ 3,700. As of press time, the ETH price continues to trade at $ 3,768 after the 0.81% increase. It should not be forgotten that the price may have high volatility after the decision to be taken tomorrow.
$BTC $ETH $SOL
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#Btc #Eth #Bnb
Meanwhile, this week, two other spot Ethereum ETFs in Hong Kong offered by investment firms Harvest Global, Bosera and HashKey Capital also attracted attention by achieving “higher than normal” volumes. The prices of all three ETFs were up more than 18 percent as of Tuesday.
On the other hand, all eyes are on spot Bitcoin ETFs in the USA. Data provided by SoSo Value reveals that the total net inflow of the Bitcoin Spot ETF was $306 million as of Tuesday, while also revealing that there has been seven consecutive days of net inflow.
$BTC $ETH $USDC
Meanwhile, this week, two other spot Ethereum ETFs in Hong Kong offered by investment firms Harvest Global, Bosera and HashKey Capital also attracted attention by achieving “higher than normal” volumes. The prices of all three ETFs were up more than 18 percent as of Tuesday.
On the other hand, all eyes are on spot Bitcoin ETFs in the USA. Data provided by SoSo Value reveals that the total net inflow of the Bitcoin Spot ETF was $306 million as of Tuesday, while also revealing that there has been seven consecutive days of net inflow.
$BTC $ETH $USDC
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#Super #Eth #Bnb
When Will Ethereum ETF Be Approved? Latest Situation in Hong Kong Ethereum ETF.
Developments continue to occur regarding Ethereum ETFs, which were recently approved with great repercussion in Hong Kong. The ETF offered by Chinese fund manager ChinaAMC rose to over HK$5 million ($640,780) as of Wednesday, surpassing a significant mark in net inflows. The increase was the largest inflow since the ETF started trading.
Developments continue to occur regarding Ethereum ETFs, which were recently approved with great repercussion in Hong Kong. The ETF offered by Chinese fund manager ChinaAMC rose to over HK$5 million ($640,780) as of Wednesday, surpassing a significant mark in net inflows. The increase follows Tuesday's high of HK$3.77 million, which marked the largest inflow since the ETF began trading. Another day, the SEC is expected to make a decision on the spot Ethereum ETF in the evening hours.
Hong Kong's Ethereum ETFs Break Trading Records
According to news shared by the South China Morning Post, on Tuesday the ETF had a day where more than 1.28 million shares were traded, rising above its average daily trading volume of nearly 500,000 since its market debut on April 30.
$BTC $ETH
When Will Ethereum ETF Be Approved? Latest Situation in Hong Kong Ethereum ETF.
Developments continue to occur regarding Ethereum ETFs, which were recently approved with great repercussion in Hong Kong. The ETF offered by Chinese fund manager ChinaAMC rose to over HK$5 million ($640,780) as of Wednesday, surpassing a significant mark in net inflows. The increase was the largest inflow since the ETF started trading.
Developments continue to occur regarding Ethereum ETFs, which were recently approved with great repercussion in Hong Kong. The ETF offered by Chinese fund manager ChinaAMC rose to over HK$5 million ($640,780) as of Wednesday, surpassing a significant mark in net inflows. The increase follows Tuesday's high of HK$3.77 million, which marked the largest inflow since the ETF began trading. Another day, the SEC is expected to make a decision on the spot Ethereum ETF in the evening hours.
Hong Kong's Ethereum ETFs Break Trading Records
According to news shared by the South China Morning Post, on Tuesday the ETF had a day where more than 1.28 million shares were traded, rising above its average daily trading volume of nearly 500,000 since its market debut on April 30.
$BTC $ETH
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#Eth #Btc #Bnb
Pause in Ethereum Price! What Will the Next Big Move Be?
Cryptocurrency Ethereum stepped into a consolidation phase above the $3,650 support. The leading altcoin seems to be preparing for a new move towards $ 4,000 in the short term. Ethereum entered a pause phase after testing the $3,840 resistance zone. Currently, the price is trading above the $3,700 level. There is a short-term triangle formation forming with support at $3,690 on the hourly chart of the ETH/USD pair. The pair could continue its upward move unless it breaks below the $3,450 support.
Ethereum Price Continues to Maintain Its Strength
Ethereum continued its rise by pushing its price above the $3,500 and $3,650 resistance levels. During this period, ETH, which performed better than Bitcoin, gained remarkable momentum by exceeding the $ 3,800 level. A new weekly high was recorded at $3,838 and the price is currently consolidating these gains.
Ethereum, which managed to hold above the 23.6% Fibonacci retracement level of the upward move from $065 to $3,838, is currently trading above $3,700. Moreover, there is a short-term contracting triangle forming with support at $3,690 on the hourly chart of the ETH/USD pair.
Critical Resistance Levels for ETH
The immediate resistance level for Ethereum is near $3,780. The first major resistance is at $ 3,840. If this resistance is overcome, the price may start a new upward wave. The next major resistance lies at $3,920, above which the price could gain traction and rally towards $4,000.
$BTC $ETH $BNB
Pause in Ethereum Price! What Will the Next Big Move Be?
Cryptocurrency Ethereum stepped into a consolidation phase above the $3,650 support. The leading altcoin seems to be preparing for a new move towards $ 4,000 in the short term. Ethereum entered a pause phase after testing the $3,840 resistance zone. Currently, the price is trading above the $3,700 level. There is a short-term triangle formation forming with support at $3,690 on the hourly chart of the ETH/USD pair. The pair could continue its upward move unless it breaks below the $3,450 support.
Ethereum Price Continues to Maintain Its Strength
Ethereum continued its rise by pushing its price above the $3,500 and $3,650 resistance levels. During this period, ETH, which performed better than Bitcoin, gained remarkable momentum by exceeding the $ 3,800 level. A new weekly high was recorded at $3,838 and the price is currently consolidating these gains.
Ethereum, which managed to hold above the 23.6% Fibonacci retracement level of the upward move from $065 to $3,838, is currently trading above $3,700. Moreover, there is a short-term contracting triangle forming with support at $3,690 on the hourly chart of the ETH/USD pair.
Critical Resistance Levels for ETH
The immediate resistance level for Ethereum is near $3,780. The first major resistance is at $ 3,840. If this resistance is overcome, the price may start a new upward wave. The next major resistance lies at $3,920, above which the price could gain traction and rally towards $4,000.
$BTC $ETH $BNB
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#Btc #super #Eth “Hype” Excitement in Bitcoin! 6-Digit Figures Can Be Seen in 3 Months!
Past Bitcoin cycles show that prices can double following new highs.
After surpassing its 2021 all-time high of $69,000, Bitcoin could reach $140,000 in a few months if historical cycles continue.
Analysts state that the market has not yet entered the hype phase and there is further upside potential.
Past Bitcoin (BTC) market cycles provide important insight into potential future price movements after surpassing previous all-time highs. These cycles reveal that the cryptocurrency king can double its value in the short term.
140 Thousand Dollars on the Table
In the 2013 cycle, the price of Bitcoin peaked around 1,130 dollars, did not break this level until March 2017, and doubled its value in the following three months. Similarly, after surpassing the 2017 all-time high of $20,000 in December 2020, the price of BTC doubled within a month. Considering Bitcoin's 2021 all-time high of $69,000 was surpassed in March, the price could potentially double to around $140,000 in the next few months if historical patterns continue.
$BTC $ETH $BNB
Past Bitcoin cycles show that prices can double following new highs.
After surpassing its 2021 all-time high of $69,000, Bitcoin could reach $140,000 in a few months if historical cycles continue.
Analysts state that the market has not yet entered the hype phase and there is further upside potential.
Past Bitcoin (BTC) market cycles provide important insight into potential future price movements after surpassing previous all-time highs. These cycles reveal that the cryptocurrency king can double its value in the short term.
140 Thousand Dollars on the Table
In the 2013 cycle, the price of Bitcoin peaked around 1,130 dollars, did not break this level until March 2017, and doubled its value in the following three months. Similarly, after surpassing the 2017 all-time high of $20,000 in December 2020, the price of BTC doubled within a month. Considering Bitcoin's 2021 all-time high of $69,000 was surpassed in March, the price could potentially double to around $140,000 in the next few months if historical patterns continue.
$BTC $ETH $BNB
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#Btc #Eth #super
Of the 1% who used crypto for a financial transaction, almost 30% said it was because the buyer or company preferred crypto. The least stated reason was lack of trust in banks. Overall, the survey reported that individuals with annual income of $100,000 or more are more likely to use crypto for any reason.
What are the Details for the Survey?
The topic also found that millennials, ages 30 to 44, make up the largest share of crypto users, followed by adult Gen Zers ages 18 to 29. Men were also three times more likely to use crypto than women. The most common crypto users for financial transactions were black and Hispanic adults.
While Asian adults were the largest demographic using crypto as an investment, white adults were the least likely to use crypto for any reason. The survey was conducted in October 2023 with the participation of 11,488 US adults aged 18 and over. The Fed weighted the sample at 258 million adults, based on the U.S. Census Bureau's March 2023 current population survey.
Of the 1% who used crypto for a financial transaction, almost 30% said it was because the buyer or company preferred crypto. The least stated reason was lack of trust in banks. Overall, the survey reported that individuals with annual income of $100,000 or more are more likely to use crypto for any reason.
What are the Details for the Survey?
The topic also found that millennials, ages 30 to 44, make up the largest share of crypto users, followed by adult Gen Zers ages 18 to 29. Men were also three times more likely to use crypto than women. The most common crypto users for financial transactions were black and Hispanic adults.
While Asian adults were the largest demographic using crypto as an investment, white adults were the least likely to use crypto for any reason. The survey was conducted in October 2023 with the participation of 11,488 US adults aged 18 and over. The Fed weighted the sample at 258 million adults, based on the U.S. Census Bureau's March 2023 current population survey.
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#Btc #Eth #Bnb #super
Survey Conducted by the Fed Shows US Crypto Investors Declining
The survey conducted by the Fed attracts attention.
Accordingly, the number of US crypto investors dropped to 18 million.
The number of 52 million investors claimed by Coinbase is a matter of debate.
The number of U.S. adults who reported owning or using crypto dropped to about 18 million last year, according to the Federal Reserve's most recent annual household survey. According to the Fed's Survey of Household Economics and Decision-Making (SHED), released May 21, 7% of U.S. adults surveyed in the 12 months through October last year reported using crypto; this rate was 10% in 2022 and 12% in 2021.
$BTC $ETH $BNB
Survey Conducted by the Fed Shows US Crypto Investors Declining
The survey conducted by the Fed attracts attention.
Accordingly, the number of US crypto investors dropped to 18 million.
The number of 52 million investors claimed by Coinbase is a matter of debate.
The number of U.S. adults who reported owning or using crypto dropped to about 18 million last year, according to the Federal Reserve's most recent annual household survey. According to the Fed's Survey of Household Economics and Decision-Making (SHED), released May 21, 7% of U.S. adults surveyed in the 12 months through October last year reported using crypto; this rate was 10% in 2022 and 12% in 2021.
$BTC $ETH $BNB
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#Btc #Bnb #Eth What Will Happen If Ethereum ETF Is Approved: Former Goldman Sachs Executive Explained!
Raoul Pal, a former manager of US banking giant Goldman Sachs, touched upon what could happen if spot Ethereum ETFs are approved.
The US Securities and Exchange Commission (SEC) contacted institutions that wanted to issue the spot Ethereum ETF on May 20 and accelerated the process, which had a positive impact on the market.
Adding to the excitement, Bloomberg's top analysts increased the probability of approval from 25% to 75%. This optimistic outlook caused the price of Ethereum to increase by more than 20% in just one day.
Making a statement on the subject, Raoul Pal, a former manager of Goldman Sachs, drew a rising scenario for the Ethereum price.
Pal emphasized that in a scenario of massive demand for the ETF, if 30% of Ethereum is staking and ongoing burns deeply reduce the supply, it could lead to a situation he calls “banana zone squared.”
This term refers to a period of rapid rises and market volatility that occurs due to rapid crypto adoption and significant increases in market capitalization: Another thing I've been talking about for a while: If there is a huge demand for the ETF and 30% remains equity (outside the market) and What happens to the price of ETH if burning makes the supply deeply negative as activity increases? It can create a “banana zone squared”…
$BTC $ETH $BNB #BinanceHerYerde #ETH
Raoul Pal, a former manager of US banking giant Goldman Sachs, touched upon what could happen if spot Ethereum ETFs are approved.
The US Securities and Exchange Commission (SEC) contacted institutions that wanted to issue the spot Ethereum ETF on May 20 and accelerated the process, which had a positive impact on the market.
Adding to the excitement, Bloomberg's top analysts increased the probability of approval from 25% to 75%. This optimistic outlook caused the price of Ethereum to increase by more than 20% in just one day.
Making a statement on the subject, Raoul Pal, a former manager of Goldman Sachs, drew a rising scenario for the Ethereum price.
Pal emphasized that in a scenario of massive demand for the ETF, if 30% of Ethereum is staking and ongoing burns deeply reduce the supply, it could lead to a situation he calls “banana zone squared.”
This term refers to a period of rapid rises and market volatility that occurs due to rapid crypto adoption and significant increases in market capitalization: Another thing I've been talking about for a while: If there is a huge demand for the ETF and 30% remains equity (outside the market) and What happens to the price of ETH if burning makes the supply deeply negative as activity increases? It can create a “banana zone squared”…
$BTC $ETH $BNB #BinanceHerYerde #ETH
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#btc #Eth #super
Frightening Major Economic Hurricane Warning! Bitcoin and Altcoins are in Danger, According to the Famous Economist!
Economist Henrik Zeberg warned that there would be a major economic recession in 2025.
Zeberg said he expects a sudden crash after a big rise in markets, including Bitcoin (BTC) and altcoins, at the end of the year.
He added that the Fed's efforts to spur economic growth by printing money will only lead to recession and high inflation.
Frightening Major Economic Hurricane Warning! Bitcoin and Altcoins are in Danger, According to the Famous Economist!
Economist Henrik Zeberg warned that there would be a major economic recession in 2025.
Zeberg said he expects a sudden crash after a big rise in markets, including Bitcoin (BTC) and altcoins, at the end of the year.
He added that the Fed's efforts to spur economic growth by printing money will only lead to recession and high inflation.
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#Btc #Gala #Eth
What's Happening on the Gala Front?
The Gala team said in a May 21 blog post that Ethereum's comeback came after the team's quick, effective response and the involvement of Federal law enforcement. Gala said it used a new GalaChain blocklist protocol feature to effectively freeze 4.4 billion GALA tokens out of 5 billion GALA tokens minted in 45 minutes.
Gala co-founder and CEO Eric Schiermeyer said in a May 20 X and Discord post that the alleged attacker had been identified, including his home address. Gala Games has not publicly confirmed the identity or method of this exploit, but some community members claim that Gala said the attack was carried out by a security contractor who made a mistake after connecting to the wallet without a VPN.
What's Happening on the Gala Front?
The Gala team said in a May 21 blog post that Ethereum's comeback came after the team's quick, effective response and the involvement of Federal law enforcement. Gala said it used a new GalaChain blocklist protocol feature to effectively freeze 4.4 billion GALA tokens out of 5 billion GALA tokens minted in 45 minutes.
Gala co-founder and CEO Eric Schiermeyer said in a May 20 X and Discord post that the alleged attacker had been identified, including his home address. Gala Games has not publicly confirmed the identity or method of this exploit, but some community members claim that Gala said the attack was carried out by a security contractor who made a mistake after connecting to the wallet without a VPN.
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#Btc #Eth #Gala
$22.3 Million Worth of Ethereum Returned in Attack on Gala Games
Details about Gala Games are emerging.
Accordingly, the attacker returned assets worth $ 22 million.
The gala team announced that there would be developments in the field of security.
Gala Games received approximately $22 million worth of Ethereum from the person responsible for the security incident on May 20, when $200 million worth of Gala tokens were minted and a small portion sold before the wallet was frozen. On May 21, the attacker's wallet sent back 5913.2 Ethereum worth $22.3 million; This development was close to the market value of the 600 million GALA tokens they sold the day before.
$22.3 Million Worth of Ethereum Returned in Attack on Gala Games
Details about Gala Games are emerging.
Accordingly, the attacker returned assets worth $ 22 million.
The gala team announced that there would be developments in the field of security.
Gala Games received approximately $22 million worth of Ethereum from the person responsible for the security incident on May 20, when $200 million worth of Gala tokens were minted and a small portion sold before the wallet was frozen. On May 21, the attacker's wallet sent back 5913.2 Ethereum worth $22.3 million; This development was close to the market value of the 600 million GALA tokens they sold the day before.
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#Btc #Eth #Super
However, the situation may change. The potential launch of any Ether ETF could put the cryptocurrency in a completely different category from SOL and other tokens. Therefore, thanks to ETF speculation, investors can switch from alternative cryptocurrencies to Ether. The token has already increased much more than SOL, BTC and other altcoins in the last 24 hours.
However, the situation may change. The potential launch of any Ether ETF could put the cryptocurrency in a completely different category from SOL and other tokens. Therefore, thanks to ETF speculation, investors can switch from alternative cryptocurrencies to Ether. The token has already increased much more than SOL, BTC and other altcoins in the last 24 hours.
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#Eth #Super #Btc
Ether ETF speculation could put pressure on altcoins
The crypto bull run, which began last October, is known for seeing Ethereum's native token Ether (ETH) underperforming rival layer-1 cryptocurrencies such as SOL, BNB, and market leader Bitcoin (BTC).
This could change in the coming weeks, however, and with renewed hopes that a spot Ether exchange-traded fund (ETF) will be approved in the US, Ether could outperform others.
CoinDesk reported late Monday that the U.S. Securities and Exchange Commission (SEC) is asking firms looking to list and exchange Ether ETFs to update the documentation required to obtain regulatory approval. Bloomberg ETF analysts also raised the approval probability from 25% to 75%.
Ilan Solot, co-head of digital assets at Marex Solutions:
“ETH has been a de facto funding token of this bull cycle, similar to the low-yielding Japanese yen in the foreign exchange market. With renewed hopes for a spot ETH ETF, investors will want to move ETH short positions into SOL and other tokens. This will allow Ether to outperform the overall market, at least in the short term.”
While approval is not guaranteed, signs of progress contrast with earlier this year when investors favored BTC, SOL and others over Ether.
Nearly a dozen spot Bitcoin ETFs began trading in January, placing the leading cryptocurrency at the forefront of mainstream institutional adoption. Additionally, in the first quarter, investors turned to cheaper and faster programmable blockchains like Solana, strengthening the bullish case for native tokens.
According to TradingView data, the SOL-ETH rate has increased by 287% since October, while the ETH-BTC rate has decreased by 16.6%.
Ether ETF speculation could put pressure on altcoins
The crypto bull run, which began last October, is known for seeing Ethereum's native token Ether (ETH) underperforming rival layer-1 cryptocurrencies such as SOL, BNB, and market leader Bitcoin (BTC).
This could change in the coming weeks, however, and with renewed hopes that a spot Ether exchange-traded fund (ETF) will be approved in the US, Ether could outperform others.
CoinDesk reported late Monday that the U.S. Securities and Exchange Commission (SEC) is asking firms looking to list and exchange Ether ETFs to update the documentation required to obtain regulatory approval. Bloomberg ETF analysts also raised the approval probability from 25% to 75%.
Ilan Solot, co-head of digital assets at Marex Solutions:
“ETH has been a de facto funding token of this bull cycle, similar to the low-yielding Japanese yen in the foreign exchange market. With renewed hopes for a spot ETH ETF, investors will want to move ETH short positions into SOL and other tokens. This will allow Ether to outperform the overall market, at least in the short term.”
While approval is not guaranteed, signs of progress contrast with earlier this year when investors favored BTC, SOL and others over Ether.
Nearly a dozen spot Bitcoin ETFs began trading in January, placing the leading cryptocurrency at the forefront of mainstream institutional adoption. Additionally, in the first quarter, investors turned to cheaper and faster programmable blockchains like Solana, strengthening the bullish case for native tokens.
According to TradingView data, the SOL-ETH rate has increased by 287% since October, while the ETH-BTC rate has decreased by 16.6%.
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#Btc #Eth #Super
MicroStrategy purchased 12 thousand more Bitcoins
MicroStrategy bought another 12,000 Bitcoins for $821.7 million.
MicroStrategy purchased another 12,000 Bitcoins for $821.7 million; This is the enterprise software maker's second-largest acquisition since it began acquiring the cryptocurrency almost four years ago.
It brings MicroStrategy's total Bitcoin holdings to approximately 205,000 tokens, or over $14 billion. The tokens were purchased from February 26 to March 10, according to a filing by the Tysons Corner, Virginia-based company with the U.S. Securities and Exchange Commission. Bitcoin was purchased mostly with proceeds from the sale of $800 million worth of convertible notes through a private sale that completed on March 8.
Michael Saylor, president and co-founder of MicroStrategy, started buying Bitcoin in 2020 as a hedge against inflation and as an alternative to holding cash. MicroStrategy has already spent more than $1 billion in Bitcoin in the first three months of 2024; This is more than half of last year's total purchase. The cryptocurrency is up nearly 675 percent since Saylor began buying it.
MicroStrategy purchased 12 thousand more Bitcoins
MicroStrategy bought another 12,000 Bitcoins for $821.7 million.
MicroStrategy purchased another 12,000 Bitcoins for $821.7 million; This is the enterprise software maker's second-largest acquisition since it began acquiring the cryptocurrency almost four years ago.
It brings MicroStrategy's total Bitcoin holdings to approximately 205,000 tokens, or over $14 billion. The tokens were purchased from February 26 to March 10, according to a filing by the Tysons Corner, Virginia-based company with the U.S. Securities and Exchange Commission. Bitcoin was purchased mostly with proceeds from the sale of $800 million worth of convertible notes through a private sale that completed on March 8.
Michael Saylor, president and co-founder of MicroStrategy, started buying Bitcoin in 2020 as a hedge against inflation and as an alternative to holding cash. MicroStrategy has already spent more than $1 billion in Bitcoin in the first three months of 2024; This is more than half of last year's total purchase. The cryptocurrency is up nearly 675 percent since Saylor began buying it.
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#Btc #Eth #Bnb
Record in Bitcoin mining revenues
As the upward momentum in Bitcoin prices continues, the daily earnings of Bitcoin miners have reached an all-time high.
Bitcoin miners' earnings reached all-time highs last week as the price of the largest cryptocurrency continues to trade at record levels.
According to data from CryptoQuant, daily miner revenue reached $78.6 million on March 7, exceeding the peak formed in April 2021 during the last crypto bull market. Bitcoin miners make money from the fees paid to them by users, as well as from the new coins they are given to verify transactions and add them to the blockchain network.
The increase in miner revenues comes against a backdrop where Bitcoin is up 70% so far this year.
On Monday, Bitcoin reached a record level, approaching $ 73 thousand.
After a prolonged decline in 2022 linked to a series of crypto scandals and bankruptcies, the Bitcoin price began to rise last year, gaining momentum from net inflows of approximately $9.5 billion into US spot Bitcoin Exchange-traded funds launched on January 11.
Bitcoin's halving in April, which will halve miner earnings and reduce the coin's supply growth, has also spurred expectations for higher prices.
For miners, this marks a marked turnaround from the depths of the crypto winter, when some were driven into bankruptcy. For example, CleanSpark Inc. and Marathon Digital Holdings Inc. The Valkyrie Bitcoin Miners ETF, which includes companies like , has more than doubled in the last 12 months.
According to Bloomberg, 13 of the largest mining companies have ordered special-purpose computers worth over $1 billion since February 2023.
Record in Bitcoin mining revenues
As the upward momentum in Bitcoin prices continues, the daily earnings of Bitcoin miners have reached an all-time high.
Bitcoin miners' earnings reached all-time highs last week as the price of the largest cryptocurrency continues to trade at record levels.
According to data from CryptoQuant, daily miner revenue reached $78.6 million on March 7, exceeding the peak formed in April 2021 during the last crypto bull market. Bitcoin miners make money from the fees paid to them by users, as well as from the new coins they are given to verify transactions and add them to the blockchain network.
The increase in miner revenues comes against a backdrop where Bitcoin is up 70% so far this year.
On Monday, Bitcoin reached a record level, approaching $ 73 thousand.
After a prolonged decline in 2022 linked to a series of crypto scandals and bankruptcies, the Bitcoin price began to rise last year, gaining momentum from net inflows of approximately $9.5 billion into US spot Bitcoin Exchange-traded funds launched on January 11.
Bitcoin's halving in April, which will halve miner earnings and reduce the coin's supply growth, has also spurred expectations for higher prices.
For miners, this marks a marked turnaround from the depths of the crypto winter, when some were driven into bankruptcy. For example, CleanSpark Inc. and Marathon Digital Holdings Inc. The Valkyrie Bitcoin Miners ETF, which includes companies like , has more than doubled in the last 12 months.
According to Bloomberg, 13 of the largest mining companies have ordered special-purpose computers worth over $1 billion since February 2023.
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#Btc #Eth #super Crypto trading volume dropped for the first time in seven months
Derivative transaction volume on crypto exchanges decreased for the first time in seven months, falling by 26.1 percent to $4.57 trillion.
On the other hand, as volumes fell, the spot market share of Binance, the world's largest crypto exchange, fell for the first time since September 2023.
CCData Research Analyst Jacob Joseph noted that trading activity on centralized exchanges generally slows in the two months following the Bitcoin halving event, consistent with patterns observed over the past two cycles. Joseph said, “In addition, the higher than expected CPI inflation data and the increase in geopolitical tension in the Middle East created some uncertainty and fear in the market. "This coincides with negative net flows from spot Bitcoin ETFs, pushing prices of major crypto assets to rock-bottom lows."
$BTC
Derivative transaction volume on crypto exchanges decreased for the first time in seven months, falling by 26.1 percent to $4.57 trillion.
On the other hand, as volumes fell, the spot market share of Binance, the world's largest crypto exchange, fell for the first time since September 2023.
CCData Research Analyst Jacob Joseph noted that trading activity on centralized exchanges generally slows in the two months following the Bitcoin halving event, consistent with patterns observed over the past two cycles. Joseph said, “In addition, the higher than expected CPI inflation data and the increase in geopolitical tension in the Middle East created some uncertainty and fear in the market. "This coincides with negative net flows from spot Bitcoin ETFs, pushing prices of major crypto assets to rock-bottom lows."
$BTC