Жаңалықтар

On Dec 03, 2024, 15:23 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 96,000 USDT benchmark and is now trading at 96,000 USDT, with a narrowed narrowed 0.99% decrease in 24 hours.

According to Odaily, recent market reports indicate a decline in the performance of two major Bitcoin investment products. The ProShares Bitcoin Strategy ETF has experienced a decrease of 1.1%, while the iShares Bitcoin Trust has fallen by 1%. These declines reflect the ongoing volatility and fluctuations within the cryptocurrency market, which continue to impact investment products linked to digital currencies. The ProShares Bitcoin Strategy ETF, known for its focus on Bitcoin futures contracts, has been closely watched by investors seeking exposure to Bitcoin without directly purchasing the cryptocurrency. Similarly, the iShares Bitcoin Trust offers a way for investors to gain indirect exposure to Bitcoin. The recent downturn in these products highlights the challenges faced by investors in navigating the unpredictable nature of the cryptocurrency market. As the market continues to evolve, investors remain cautious, closely monitoring the performance of Bitcoin-related investment products. The fluctuations in these ETFs and trusts underscore the importance of understanding the risks associated with cryptocurrency investments. Market participants are advised to stay informed and consider the potential impacts of market volatility on their investment strategies.

According to ShibDaily, American economist and well-known Bitcoin critic Peter Schiff has expressed concerns about the proposed Bitcoin Reserve bill, highlighting its lack of support in Congress. Schiff shared his views on the proposed legislation, which aims to establish a national Bitcoin reserve, on social media platform X. He noted that while the bill has received considerable backing from the online crypto community, it has not garnered the same level of support on Capitol Hill. The bill, known as the BITCOIN Act, has not attracted any co-sponsors apart from its author, Senator Cynthia Lummis. Representative Ro Khanna is the only other member of Congress who has shown support for the bill. The Bitcoin Reserve bill suggests that the Treasury Department should acquire one million Bitcoin over a five-year period, with the intention of holding it for at least 20 years unless it is used to reduce federal debt. In June, President-elect Donald Trump expressed strong support for the creation of a strategic national Bitcoin reserve during his appearance at the Bitcoin Conference in Nashville. His endorsement has been credited with contributing to the rise in Bitcoin's value, which currently exceeds $96,000. Earlier this month, Schiff argued that if the government were to purchase one million Bitcoin, the resulting price increase could lead long-term holders to sell their assets. He suggested that such a scenario could trigger a market crash and force the U.S. government to print more dollars to buy additional Bitcoin to stabilize its price. Schiff believes that this strategy would ultimately reduce the value of the government's Bitcoin holdings, stating, "In the end, Bitcoin would have succeeded in destroying the dollar." He added that this potential outcome is a key reason why he believes a national Bitcoin reserve will not be established.

On Dec 03, 2024, 13:56 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 94,000 USDT and is now trading at 93,850.953125 USDT, with a narrowed 1.91% decrease in 24 hours.

According to CoinDesk, the emotional nature of human behavior is particularly evident in cryptocurrency markets, where round numbers hold significant psychological weight. This phenomenon often leads to panic-selling when price gains stall near these numbers, especially those ending in several zeros. Traders sometimes anticipate this behavior, arranging order books to create a self-fulfilling prophecy. Bitcoin, for instance, has recently encountered resistance at the $100,000 mark, a psychological sell wall. Previous analyses have attributed this to profit-taking, capitulation from short-term holders, and insufficient demand to push bitcoin higher. Understanding whether this is a recurring pattern could be beneficial for market participants. Historical data from Glassnode reveals that breaking through psychological barriers often requires multiple attempts. The analysis examined trading patterns when bitcoin's price approached within 2% of $10,000 increments. Bitcoin first surpassed this level in December 2017, but after the subsequent market downturn, it took until 2020 to reclaim the $10,000 mark, closing within 2% of this barrier 21 times before breaking through. This period was one of bitcoin's longest within a specific price range. Each subsequent $10,000 increment saw bitcoin closing within 2% between 15 and 30 times before surpassing the level, a pattern that persisted up to $70,000. However, this trend shifted following President-elect Donald Trump's victory in November, when bitcoin quickly surged past $80,000 and tested $90,000 only three times before overcoming the barrier. Now, the $100,000 level remains uncharted territory. Bitcoin has already closed twice within 2% of this mark on November 21 and November 22. The question remains whether bitcoin will revert to the long-term pattern of approximately 20 attempts or if it will break through on the third try.

According to Cointelegraph, new research by capital adviser Jeff Walton suggests that MicroStrategy could withstand a significant drop in Bitcoin's value without severe financial repercussions. The business intelligence firm, led by CEO Michael Saylor, has heavily invested in Bitcoin, with its exposure reaching unprecedented levels. Despite Bitcoin's price volatility, Walton's analysis indicates that MicroStrategy would only face financial strain if Bitcoin's price fell to $18,000. Walton's research, shared on social media, calculates that Bitcoin would need to experience an 80% price decline from its current value for MicroStrategy's assets to fall below its liabilities. This scenario, while severe, is not unprecedented, as Bitcoin has previously seen similar retracements, such as the drop from $69,000 to $15,600 between November 2021 and November 2022. Walton argues that the criticism of corporate Bitcoin adoption lacks substance, noting that as Bitcoin's price increases, the financial leverage decreases rapidly. Charles Edwards, founder of Capriole Investments, also expressed optimism about the growing trend of institutional Bitcoin investment. He highlighted that MicroStrategy is just one of many players in this arena, with other companies like MARA significantly increasing their Bitcoin holdings. Edwards emphasized the substantial institutional demand for Bitcoin, noting that 13.5% of all Bitcoin is now held by institutions and ETFs. He believes that the current Bitcoin bull run is only beginning, with widespread market enthusiasm expected to surge once Bitcoin surpasses the $100,000 mark. This article does not provide investment advice or recommendations. Readers should conduct their own research before making any investment decisions, as all trading involves risk.

According to PANews, the operator of the bitcoin.org domain, known as Cobra, has alerted the community to emerging developments in the Bitcoin ecosystem. Cobra highlighted that unidentified Bitcoin users outside of Bitcoin Core are preparing to introduce a user-activated soft fork (UASF) next year. He mentioned on the X platform that some Bitcoin holders are planning to implement the Check Template Verify (CTV) soft fork through UASF sometime in 2025, although it has not garnered sufficient attention. CTV, which stands for 'Check Template Verify,' represents a series of improvements aimed at introducing the concept of Bitcoin contracts. These contracts establish conditions for Bitcoin spending within specific wallets. Described by Jeremy Lubin in Bitcoin Improvement Proposal 119 (BIP 119), these developments aim to enhance the security of Bitcoin transactions. One notable feature is the 'vault,' a cold storage address with spending conditions that compel users to send transactions to a single predetermined wallet. Additionally, users can cancel these transactions before a set time to prevent errors or malicious activities. However, the main drawback of this update relates to fungibility, as Bitcoins locked in these addresses might be perceived as having lower value. Moreover, the added complexity and introduction of new code could expose the Bitcoin codebase to attacks exploiting the update. Despite these concerns, the node community will ultimately decide the value of these new additions through UASF. The concept of contracts remains under discussion within the community. Some members believe they are genuinely useful and should be included in Bitcoin Core, while others view it as a desperate attempt to introduce these features.

According to Odaily, Ki Young Ju, the founder and CEO of CryptoQuant, recently shared on the X platform that the holdings of spot Bitcoin ETFs have now reached levels comparable to those held by Satoshi Nakamoto. This development highlights the growing significance of Bitcoin ETFs in the cryptocurrency market. The comparison to Satoshi Nakamoto, the pseudonymous creator of Bitcoin, underscores the substantial accumulation of Bitcoin within these financial instruments. As Bitcoin ETFs continue to gain traction, their influence on the market dynamics and investor sentiment becomes increasingly evident. This milestone reflects the broader acceptance and integration of Bitcoin into traditional financial systems, as institutional investors seek exposure to the digital asset through regulated channels. The rise in Bitcoin ETF holdings also indicates a shift in how investors are approaching cryptocurrency investments. By opting for ETFs, investors can gain exposure to Bitcoin without directly holding the asset, thereby mitigating some of the risks associated with direct ownership. This trend is likely to continue as more investors recognize the potential benefits of including Bitcoin in their portfolios through these financial products.

According to Binance Market Data, Bitcoin (BTC) dropped below 95,000 USDT and is now trading at 94,874.328125 USDT, with a 0.03% decrease in 24 hours.

According to CoinDesk, Michael Saylor's proposal for Microsoft to incorporate bitcoin into its balance sheet is facing significant skepticism. Polymarket bettors currently estimate only an 11% chance of shareholder approval for this initiative. The proposal, initially put forward by the National Center for Public Policy Research, suggested bitcoin as a diversification investment. However, Microsoft's board has advised shareholders to reject it, citing the cryptocurrency's instability as unsuitable for a company of Microsoft's magnitude. Saylor, who is the executive chairman of Microstrategy, has been advocating for this move, suggesting that bitcoin could serve as a hedge against inflation and economic uncertainty. He argues that this could potentially elevate Microsoft's market cap from $3.2 trillion to over $8 trillion. Saylor also criticized Microsoft's current treasury strategy, which he claims has resulted in the "surrender" of $200 billion in capital over five years through dividends and buybacks. He believes these funds could have been more profitably invested in bitcoin, which has seen a significant increase in value over the same period. Despite Saylor's arguments, there is considerable debate among investors. One Polymarket bettor expressed skepticism about the necessity for Microsoft to add bitcoin to its balance sheet, pointing out that there are already numerous avenues for institutional investors to gain bitcoin exposure. This was not the case when Microstrategy initially invested in bitcoin. The bettor argued that mixing stable investments like Microsoft with volatile ones like bitcoin could complicate value assessments. Conversely, another bettor suggested that Microsoft's strong cash position might allow for a small allocation of funds to bitcoin as a test, emphasizing the importance of considering shareholders' rights. This bettor believes that Microsoft's financial stability provides the flexibility to explore bitcoin investments. The upcoming shareholder meeting on December 10 will be crucial, as it will determine the fate of this proposal.

According to PANews, CleanSpark, a Nasdaq-listed Bitcoin mining company, has announced its financial results for the fiscal year ending September 30, 2024. The company reported an annual revenue of $378.9 million, marking a substantial increase of $210.5 million, or 125%, compared to the previous fiscal year's revenue of $168.4 million. Despite this revenue growth, CleanSpark recorded a net loss of $145.8 million for the year, with a basic loss per share of $0.69. This is a slight increase from the previous year's net loss of $138.1 million, where the loss per share was $1.30. The adjusted EBITDA for the year was $245.8 million, a significant rise of $220.8 million from the previous year's $25 million.The balance sheet as of September 30, 2024, shows that CleanSpark's assets include $122.2 million in cash, $509.5 million in Bitcoin, and total current assets amounting to $705.4 million. The total mining assets are valued at $902 million, bringing the total assets to $2 billion. On the liabilities side, the company has current liabilities of $187.9 million and total liabilities of $201.8 million, with total shareholder equity standing at $1.8 billion. As of the end of the fiscal year, CleanSpark's operating capital was $517.5 million, and the company had outstanding loans amounting to $66 million.

According to CoinMarketCap data, the global crypto market cap is $3.44T, a 2.25% increase over the last day.Bitcoin (BTC) traded between $94,395 and $97,357 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,222, down by -0.09%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include RSR, FUN, and XVG, up by 71%, 59%, and 50%, respectively.Top stories of the day:Bitcoin Long-Term Holders' Holdings Reach New Low Since July 2022MicroStrategy Adds 15,400 BTC for $1.5 Billion, Boosting Bitcoin Holdings to 402,100 BTCMicrosoft's Bitcoin Proposal Faces Uncertain FutureTrump Expected to Announce New SEC Chair NomineeMARA Holdings Increases Convertible Notes Offering to $850 MillionBlackRock and MicroStrategy Among Top Bitcoin Holders With Over 400,000 BTCNew York Fed President Suggests Potential Rate Cuts Amid Cooling InflationGrayscale Opens XRP Trust to Qualified InvestorsXRP Market Cap Surpasses Uber and Siemens in Global RankingsMicroStrategy Generates $1.48 Billion in Net Proceeds Through Stock Sales Last WeekMarket movers:ETH: $3604.07 (-0.31%)XRP: $2.6375 (+12.54%)SOL: $225.66 (-0.54%)BNB: $647.85 (+1.64%)DOGE: $0.41609 (+0.69%)ADA: $1.271 (+15.76%)AVAX: $51.32 (+9.92%)TRX: $0.23 (+11.54%)SHIB: $0.00002929 (+0.58%)TON: $6.636 (+2.28%)

According to Foresight News, data from IntoTheBlock reveals that the holdings of long-term Bitcoin holders have decreased to 12.45 million coins, marking the lowest level since July 2022. This decline in holdings is part of the current market cycle, where long-term holders have reduced their positions by only 9.8%. This reduction is notably smaller compared to previous bull market cycles, where the decrease was 15% in 2021 and 26% in 2017.

According to Odaily, Cash App has announced the termination of Bitcoin transfers using user tags, effective December 20, 2024. This decision follows months of compliance investigations by the U.S. federal government into Block, the parent company of Cash App. The announcement, made on Cash App's help page, has raised concerns among users about the app's risk management capabilities. Despite this change, users can still send and receive Bitcoin through the Lightning Network or the Bitcoin blockchain. A review of the Wayback Machine in October revealed no prior notification of this change. The update appears to specifically affect Bitcoin transfers and does not seem to impact other services, such as sending stocks or cash using unique identifiers known as cashtags. A spokesperson for Cash App stated that the decision was made to focus internal resources on the products and services most valued by Bitcoin holders on the platform. Cash App, originally launched as Square Cash in 2013 as part of Block Inc., began as a peer-to-peer payment system similar to PayPal's Venmo. Over time, it has evolved into a super app, offering features such as Bitcoin and stock purchases, savings, lending, and a prepaid Visa debit card issued by Sutton Bank. The usage of Bitcoin peer-to-peer transfers on Cash App remains unclear, as the platform does not disclose these figures. However, regulatory filings indicate that the cryptocurrency business has been profitable for the company. In the fourth quarter of 2023, Cash App generated over $65 million in Bitcoin gross profit, marking a 90% increase from the fourth quarter of 2022. In the early months of 2023, Cash App reported over $10.3 billion in net revenue, accounting for approximately 65% of Block's net revenue at the time. As of December 2023, Cash App had 56 million active accounts, though it remains uncertain how many of these users engaged with its cryptocurrency services.

According to Odaily, hedge fund manager James Lavish has characterized the Bitcoin network as a formidable digital fortress capable of withstanding attacks at the nation-state level. Lavish's remarks highlight the robust security and resilience of the Bitcoin network, which has been a topic of discussion among financial experts and cryptocurrency enthusiasts alike. 

According to Binance Market Data, Bitcoin (BTC) crossed the 96,000 USDT benchmark and is now trading at 96,028.671875 USDT, with a 1.51% decrease in 24 hours.

According to Odaily, several long-dormant Bitcoin addresses have been reactivated, marking significant movements in the cryptocurrency world. At 1:22 AM UTC+8, an address containing 26 BTC, valued at approximately $2,552,125, was activated after being inactive for 12.2 years. This event was closely followed by another activation at 5:20 AM UTC+8, where an address holding 11 BTC, worth around $1,058,951, came back online after 11 years of dormancy. Notably, these Bitcoins were valued at just $9,863 back in 2013.Later, at 6:18 AM UTC+8, a third address containing 50 BTC, with a current value of about $4,769,231, was activated after being dormant for 14.2 years.

According to Binance Market Data, Bitcoin (BTC) dropped below 95,000 USDT and is now trading at 94,948.703125 USDT, with a 2.41% decrease in 24 hours.

According to Binance Market Data, Bitcoin (BTC) dropped below 96,000 USDT and is now trading at 95,964.023438 USDT, with a 1.15% decrease in 24 hours.

According to CoinDesk, the $100,000 sell wall for Bitcoin (BTC) is proving difficult to overcome, with $384 million available for sale between the current price and this significant milestone. Despite this, supply data indicates potential upward pressure. The term "illiquid supply" refers to Bitcoin held by long-term holders (LTHs) that is not actively traded. Glassnode data reveals that illiquid supply has increased by over 185,000 tokens in the past 30 days, reaching an all-time high of 14.8 million BTC, which constitutes 75% of the total circulating supply of just under 20 million. This 185,000 increase is the second-largest 30-day change this year, suggesting that investors are currently more inclined to hold rather than trade.Previous research by CoinDesk indicates that sales by LTHs are nearing their conclusion. Since November 26, LTHs have been accumulating, adding over 2,000 BTC to their holdings. This trend may signal the end of profit-taking for this group, potentially reducing sell pressure in the market. Additionally, Bitcoin tokens have been rapidly exiting exchanges since the beginning of the latest bull run in early November, reversing a nearly two-year trend of stable exchange levels. This shift is seen as a positive indicator of increased investor demand.However, a broader five-year perspective shows a less optimistic scenario, as Bitcoin on exchanges remains within a narrow range of 2.7 million to 3.3 million tokens. For a more sustainable bull run, Bitcoin will need to continue leaving exchanges, indicating ongoing investor interest rather than demand driven by derivatives, which often signals leverage. Andre Dragosch, head of research at Bitwise, noted that Bitcoin's illiquid supply has reached a new all-time high while exchange balances have hit a multi-year low. He stated that nearly 75% of the supply is considered 'illiquid,' while less than 14% remains on exchanges, highlighting the intensifying scarcity of Bitcoin's supply.