🟠 MicroStrategy has purchased Bitcoin 40 times in four year | TopCryptoNews on Binance Square

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🟠 MicroStrategy has purchased Bitcoin 40 times in four years, investing nearly $10 billion 🔥
That's dollar cost averaging at its finest.
#Bitcoin #BTC 

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🇨🇳 China May Reconsider Crypto Ban Amid Trump’s Pro-Crypto Policies HashKey’s Xiao Feng says Trump’s crypto-friendly policies could push China to re-enter the digital asset market. Trump appoints Elon Musk and Vivek Ramaswamy to lead a new tech-focused government department, signaling a pro-crypto stance. Recently, HashKey Group Chairman Xiao Feng created ripples in the digital asset sector by speculating that Trump administration measures endorsing cryptocurrency would inspire China to reactivate its digital asset market within two years. Feng pointed out that Western sanctions—particularly the isolation of Russia from the SWIFT payment system in 2022—may also force China toward quickening its stance on crypto Feng claims that the latest Trump initiatives show a proactive and forceful sentiment toward advancing the crypto sector in the United States; thus, China could have to rethink its stance and start reentering the digital asset market. NEW: Hashkey Group CEO Xiao Feng suggests that Trump’s pro-crypto 🇺🇸 US administration could push 🇨🇳 China to consider easing restrictions on #Bitcoin and digital assets. #Crypto #China China’s Crypto Stance Faces Global Pressure Amid U.S. Policy Shift The possible change in China’s stance coincides with notable global interest in crypto following the electoral triumph of Trump. Trump’s comeback to power and the acceptance of blockchain and crypto technologies by his government have set people debating China’s reaction. China banned trading and mining crypto strictly in 2021, but Feng thinks these U.S. policies might set off a chain reaction that causes China to change its austere stance. China’s previous prohibition on crypto mostly aimed at decentralized finance and speculative trading, but Trump’s strategic drive could force China to investigate reopening areas of its digital asset market in order to stay competitive in the world financial space. #BTC

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⭐️ Elon Musk Praises Dogecoin Inflation Rate: 'Feature, Not a Bug' Elon Musk isn’t backing down when it comes to Dogecoin. The world’s richest man and soon-to-be U.S. government employee said on Twitter (aka X) that the joke cryptocurrency’s inflationary model is a “feature, not a bug.” He was responding to Dogecoin co-founder Billy Markus’ tweet explaining to developers how to adjust the asset’s tokenomics. I think the flat inflation of Dogecoin, which means decreasing percentage inflation, is a feature, not a bug— Elon Musk (@elonmusk) November 13, 2024 Unlike Bitcoin or Ethereum, Dogecoin—the sixth-biggest cryptocurrency with a market cap of $56 billion—has an infinite supply limit with 10,000 new coins minted every minute. That's about $3,850 worth. Because it's a fixed number of coins, the percentage it represents of the total supply gradually falls over time. Markus was telling the Dogecoin community how to get other developers to vote on changing the coin’s tokenomics. It had clearly a point of contention, as Markus added: "You can change it right there, make a pull request [and] convince the community and miners to use the new version. Now stop fucking bothering me about it." But Tesla CEO Musk replied in support of the feature as it currently exists, writing: “I think the flat inflation of Dogecoin, which means decreasing percentage inflation, is a feature, not a bug.” Markus responded in agreement, saying that he believed Dogecoin’s model made it “ideal for something intended as a currency.” 💬 I agree that it is ideal for something intended as a currencysteady predictable inflation with a percentage that goes downmuch much lower than the dollar — Shibetoshi Nakamoto Dogecoin inflation has been a hot topic in the past: Billionaire entrepreneur and crypto enthusiast Mark Cuban said back in 2021 that the original meme coin was useful as a payment method precisely because of its seemingly strange tokenomics. #ElonMusk #DOGE

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📣 Bitcoin spot buying outpacing futures despite leverage hitting ATH Bitcoin (BTC) perpetual contracts denominated in Tether USD (USDT) show signs of overleveraging, with “open interest to USDT reserve ratio” reaching an all-time high at 0.593 on Nov. 10. The firm’s CEO, Ki Young Ju, said the current levels are 2.7x higher than in February when the ratio crossed the dangerous zone for the first time in 2024. Additionally, he said it is unclear how high Bitcoin will go, but there will be a painful pullback once the leverage unwinds. However, he added that he remains bullish on BTC in the long term. Bitcoin registered a new all-time high of $93,523.65 in the few hours following CryptoQuant’s CEO post. The movement was quickly followed by a 5% correction, with BTC’s price currently trading around $88,701.71. The results of the potential unwinding were not manifested in the correction, as the liquidations volume is still 5% down in the past 24 hours, totaling nearly $872 million, . 🔸 Healthy metrics Other on-chain metrics remain healthy despite the risk of unwinding leverage pressuring BTC’s price down. CryptoQuant analyst Martuun pointed out that retail investor demand reached a 52-month high in the past 30 days. He added: “It’s impossible to ignore that retail trading is fully back, with Dogecoin surging, high funding rates, and a spike in Google searches for Bitcoin.” Furthermore, according to a Glassnode report, the recent Bitcoin price spikes are predominantly driven by spot buyers on Coinbase’s market. The daily Cumulative Volume Delta (CVD) for Bitcoin’s spot market on Coinbase reached $143 million, nearing the $152 million peak seen in March. This movement in the US market reflects a steady rise in buyer-side pressure, reinforcing the robust demand from investors who view Bitcoin as an increasingly valuable asset. Since July, each Bitcoin rally has seen strong buy-side interest on Coinbase, signaling solid spot market demand. #BTC #Bitcoin

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🤝 Ripple and Cardano: Garlinghouse and Hoskinson Tease Possible Collaboration Cardano’s Charles Hoskinson praised Ripple’s Brad Garlinghouse, sparking speculation about a potential collaboration. Ripple and Cardano leaders emphasize unity, transparency, and collaboration amid ongoing regulatory challenges in the crypto industry. Reports link Hoskinson to a potential advisory role under Trump, heightening interest in his influence and future moves. The crypto world is abuzz following a post from Cardano founder Charles Hoskinson on November 13, 2024. Hoskinson took to X to praise Ripple CEO Brad Garlinghouse, describing him as a “great CEO” and emphasizing his collaborative vision. The comment triggered significant speculation about a possible partnership between Ripple and Cardano, given their shared challenges and goals. 💬 Thanks for the kind words IOHK_Charles — now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.A rising tide lifts all boats. — Brad Garlinghouse Notably, Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC), which began in 2020, has kept market participants on edge. Consequently, the idea of two major blockchain networks uniting has sparked curiosity. This development comes at a crucial time for the crypto space, which faces regulatory scrutiny and calls for clearer guidelines. 🔸 Hoskinson’s Remarks Capture Industry Attention Additionally, Hoskinson’s post highlighted his optimism about potential collaborations, prompting widespread discussions within the crypto community. He expressed a desire for a more united blockchain industry, underscoring the importance of cooperative efforts. On the other hand, Brad Garlinghouse responded positively to Hoskinson’s remarks, reinforcing his commitment to collaboration. He also stressed the need for transparency and fair regulatory practices. Intriguingly, Garlinghouse’s statement resonated with many in the crypto world. #XRP #ADA

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⭐️ Analyst Reveals Why Dogecoin Price Can Rally To $2 And Flip Solana, BNB Crypto analyst Master Kenobi has revealed the factors that could lead to a Dogecoin price rally to $2 and cause the meme coin to flip Solana and BNB in the process. This came as the analyst outlined a scenario where Dogecoin becomes the third-largest crypto by market cap. 🔸 Why Dogecoin Price Can Rally To $2 In an X post, Master Kenobi stated that the Dogecoin price could easily climb to $2 or even higher with the rapid flow of capital and the frenzy in the market. The analyst made this prediction while explaining how Dogecoin could become the third-largest crypto by market cap, flipping Solana and BNB. He noted that it won’t be easy since SOL and BNB would likely keep advancing, but it remains possible since DOGE can rally to $2 or even higher. Master Kenobi also highlighted how the Dogecoin price is currently experiencing significant bullish momentum, placing the top meme coin above these other coins. For context, DOGE is up 100% in the last seven days. Meanwhile, the Solana price and BNB price have recorded meager gains of just over 12% and 4%, respectively. The analyst noted that this parabolic rally for DOGE has been partly thanks to several factors, including ones stemming from the White House. This is in reference to Elon Musk’s Department of Government Efficiency (D.O.G.E), which has become official following Donald Trump’s appointment of the world’s richest man to head the department. Master Kenobi added that this bullish momentum for Dogecoin’s price will further increase when the foremost meme coin reclaims a $100 billion market cap and reaches its current all-time high (ATH) of $0.73. The analyst is confident that it won’t be long before DOGE hits $1 and has a market cap of $148 billion, surpassing Tether and going head-to-head with Solana and BNB. #DOGE

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