Binance Square

Последние новости о Биткоине, движении цен и тенденциях рынка

--

Bitcoin(BTC) Surpasses 89,000 USDT with a 3.48% Increase in 24 Hours

On Nov 12, 2024, 19:08 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 89,000 USDT benchmark and is now trading at 89,000 USDT, with a narrowed 3.48% increase in 24 hours.
12
--

MicroStrategy's Bitcoin Strategy Faces Economic Uncertainty

According to Finbold, MicroStrategy (NASDAQ: MSTR) has recently expanded its Bitcoin (BTC) holdings by purchasing an additional 27,200 BTC for approximately $2.03 billion, bringing its total to 279,420 BTC. This move aligns with the company's strategy to transform into a Bitcoin bank, offering various financial products. However, independent analyst Gert van Lagen has raised concerns about the sustainability of this approach, particularly in the event of a recession. Lagen suggests that an economic downturn could force MicroStrategy to sell its Bitcoin holdings, potentially impacting both the company and the broader cryptocurrency market. He warns that holding such a large amount of Bitcoin is unsustainable for a company of MicroStrategy's size and could lead to liquidation if economic conditions worsen. The company's aggressive Bitcoin acquisition strategy has been financed through convertible notes and significant debt, drawing both admiration and criticism. Economist Peter Schiff, a known Bitcoin skeptic, has criticized MicroStrategy's approach, highlighting the risks associated with its cyclical strategy. Schiff argues that the company's reliance on borrowing and issuing shares to purchase more Bitcoin could lead to a collapse if Bitcoin's value declines, preventing MicroStrategy from meeting its financial obligations. Despite these concerns, MicroStrategy's executive chairman Michael Saylor defends the strategy, citing a BTC yield of 26.4% or 157.5 BTC per day, achieved without operational costs. MicroStrategy's stock has surged alongside Bitcoin's rally to a record high of approximately $90,000, with the company's shares valued at $348, reflecting a 0.6% increase in the past 24 hours and a 31% rise over the past week. Year-to-date, MicroStrategy has outperformed the S&P 500 index, with gains of 408%, sparking discussions on whether other S&P 500 companies should adopt a similar Bitcoin strategy. Notably, some investors, including billionaire George Soros, missed out on the momentum after selling their holdings in the company earlier. The situation underscores the potential volatility and risks associated with MicroStrategy's Bitcoin-centric approach, as well as the broader implications for the cryptocurrency market and traditional financial sectors.
13
--

Bitcoin's MVRV Indicator Signals Potential Market Peak

According to BlockBeats, on November 12, IntoTheBlock released an analysis revealing that Bitcoin's Market Value to Realized Value (MVRV) ratio currently stands at 2.36. Historically, values ranging from 2.6 to 5 have often corresponded with market peaks. However, it is noted that the peak values for each cycle have been gradually decreasing over time. This trend suggests that the MVRV ratio is a critical metric that warrants close observation by market participants. The MVRV ratio is a significant indicator used to assess the market's valuation of Bitcoin. A higher MVRV ratio typically indicates that the market is overvalued, while a lower ratio suggests undervaluation. The current ratio of 2.36, while below the historical peak range, still signals a potential for market correction if it approaches the upper threshold. As the cryptocurrency market continues to evolve, understanding and monitoring such indicators can provide valuable insights into market dynamics and potential future movements. Investors and analysts are advised to keep a close watch on the MVRV ratio, as it can serve as a precursor to market shifts. The gradual decline in peak values over different cycles may indicate a changing market environment, possibly influenced by increased market maturity and broader adoption of cryptocurrencies. As such, the MVRV ratio remains a vital tool for those looking to navigate the complexities of the Bitcoin market effectively.
21
--

Trump’s Win Not the Only Driver Behind Bitcoin’s Surge, Says Industry Executive

According to Cointelegraph: While Donald Trump’s victory in the U.S. presidential election has added momentum to Bitcoin’s recent price rally, Onramp Bitcoin co-founder Jesse Myers argues that the primary catalyst lies in Bitcoin’s post-halving supply shock. Myers explained in a November 11 X post that the real driver is the significant reduction in Bitcoin’s supply due to the April 2024 halving, which slashed block rewards from 6.25 BTC to 3.125 BTC.Post-Halving Supply Shock Fuels DemandMyers pointed out that Bitcoin’s supply has tightened significantly, creating a supply-demand imbalance that’s driving prices higher. This latest halving, combined with strong demand from U.S. Bitcoin ETFs, has contributed to an accelerating price trend. On November 11, Bitcoin ETFs alone saw an influx of roughly 13,940 BTC, compared to just 450 BTC mined in the same period, highlighting the rising demand pressure.Predictable Post-Halving Cycles and Demand from Institutional InvestorsMyers highlighted the historical trend of post-halving bubbles, which have led to price spikes in prior cycles after 2012, 2016, and 2020 halvings. He suggested this pattern could repeat as Bitcoin’s fixed supply mechanism—halving new issuance every four years—adds to the price pressure. Onchain analyst James Check echoed this sentiment, comparing Bitcoin’s scarce $1.6 trillion market cap with gold’s, noting that Bitcoin has a unique, absolute scarcity, with 94% of all BTC now in circulation or lost, leaving just 1.2 million BTC to be mined.Institutional and National-Level Demand Expected to RiseAmerican financier Anthony Scaramucci added that while some may feel they “missed” the rally, it’s still “early.” He expressed confidence that the U.S. would establish a strategic Bitcoin reserve, potentially prompting other nations and institutional investors to follow suit, further tightening the limited supply.As Bitcoin approaches new highs, driven by both the halving effect and robust institutional interest, analysts anticipate continued gains, with some predicting a predictable four-year market cycle fueled by Bitcoin’s unique economic model.
24
--

Bitcoin Nears $90K with Best Weekly Return Since 2023 Banking Crisis

According to Cointelegraph: Bitcoin's rally shows no signs of slowing as it closes in on the $90,000 milestone, staging its strongest weekly performance since the U.S. banking crisis in 2023. The leading cryptocurrency reached $88,879 on November 11, marking a 29% increase over the past week, according to Cointelegraph data. This performance, highlighted by K33 Research’s Vetle Lunde, marks Bitcoin's best seven-day return since the March 2023 collapse of Silicon Valley Bank and the liquidation of Silvergate Bank.Catalysts for Bitcoin’s Bull Run: From Banking Crisis to Trump’s WinThe March 2023 banking crisis catalyzed Bitcoin’s bullish momentum, as investors turned to Bitcoin amidst financial instability. Arthur Hayes, BitMEX co-founder, highlighted that this event spurred a shift toward Bitcoin as a secure alternative asset.The recent election of Donald Trump has further fueled Bitcoin’s ascent. Investors are anticipating more business-friendly policies and potential pro-crypto regulations, which Hayes suggests could push Bitcoin’s price even higher. He speculates that quantitative easing under Trump’s administration could drive Bitcoin past the $1 million mark. Hayes explained that a large-scale increase in U.S. credit could lead to a demand surge for safe-haven assets like Bitcoin, as global investors seek protection against inflation and financial instability.Impact of Quantitative Easing on BitcoinQuantitative easing (QE), a monetary policy where central banks purchase government bonds to inject liquidity, often boosts Bitcoin’s price by increasing the supply of fiat money. This influx of liquidity typically prompts investors to seek returns in alternative assets, benefiting Bitcoin.As Bitcoin continues to climb, its appeal as a hedge against economic uncertainty grows, supported by increasing institutional interest and favorable political developments in the U.S.
13
--

El Salvador and Bhutan See Significant Gains in Bitcoin Holdings as BTC Nears $90,000

According to Cointelegraph: El Salvador and Bhutan are experiencing major increases in the value of their Bitcoin holdings, as the recent market rally has pushed BTC close to $90,000. This surge has significantly boosted the crypto assets held by both countries, with their Bitcoin holdings now valued in the hundreds of millions.El Salvador’s Bitcoin Holdings Climb Amid Market RallyEl Salvador, which became the first country to adopt Bitcoin as a legal tender in September 2021, initially purchased 200 BTC as part of its strategy to integrate the cryptocurrency into its economy. Over the years, the nation has gradually expanded its Bitcoin holdings, now estimated to be around 5,900 BTC, according to Arkham Intelligence. The recent market rally increased El Salvador’s Bitcoin valuation from approximately $402 million on November 5 to $523 million by November 12, representing a $100 million gain in a single week.Bhutan’s Bitcoin Investments Surpass $1 BillionBhutan’s Bitcoin holdings, largely held through Druk Holding and Investments (DHI), were first publicly revealed in 2023 as part of bankruptcy proceedings involving crypto firms like Celsius and BlockFi. Bhutan began mining Bitcoin in April 2019 when BTC was valued around $5,000. Today, Bhutan’s holdings stand at 12,568 BTC, valued at approximately $1.03 billion. Bhutan also holds around $2 million in Ether (ETH) and other cryptocurrencies, enhancing its digital asset portfolio.On October 29, Bhutan moved $66 million worth of Bitcoin, potentially hinting at plans to capitalize on recent gains. The funds were transferred to Binance in two transactions, sparking speculation about possible profit-taking strategies.As Bitcoin’s price continues its upward trajectory, both El Salvador and Bhutan are benefiting from substantial increases in their crypto asset values, underscoring the financial impact of Bitcoin’s integration into national reserves.
13
--

Bitcoin Posts Record $8.4K Daily Gain, Eyes $90K Milestone Amid Bull Run

According to Cointelegraph: Bitcoin is nearing the $90,000 mark after setting a new record for the largest single-day gain in its history. On November 11, Bitcoin soared over $8,400, surpassing its previous daily gain record of $7,576 in August 2021. The recent surge follows a weekly rally, marking Bitcoin’s strongest performance since the March 2023 banking crisis in the U.S.Record Daily Gain and Weekly Highs Amid Bullish SentimentAfter breaching the $85,000 level on November 11, Bitcoin’s sharp rise has driven renewed investor interest. Alex Thorn, head of research at Galaxy, highlighted the historic nature of this rally, stating, “November 11, 2024, was the biggest daily gain in Bitcoin history.” As of November 12, Bitcoin continues trading above $88,000, fueled by increased demand in spot Bitcoin ETFs and market optimism.Bitcoin ETFs Contribute to Price SurgeU.S.-based spot Bitcoin ETFs played a significant role in Bitcoin’s recent upward momentum. On November 11, Bitcoin ETFs recorded net inflows of $1.1 billion, following a $1.37 billion inflow on November 7, according to data from Farside Investors. These substantial inflows are helping propel Bitcoin’s price, with combined trading volume in Bitcoin ETFs, MicroStrategy, and Coinbase reaching $38 billion on November 11.Trump’s Victory Fuels Bullish ProjectionsMarket analysts attribute Bitcoin’s recent parabolic rise partly to Donald Trump’s election victory, which has heightened expectations for pro-crypto regulations. Trump’s potential economic policies could support a continued rally, with some market analysts, like Arthur Hayes, speculating that Bitcoin could eventually reach $1 million. Hayes suggests that large-scale quantitative easing, similar to policies seen in previous financial crises, could drive Bitcoin’s price to unprecedented levels as investors seek alternative assets.As the cryptocurrency market remains buoyed by political developments and robust institutional inflows, Bitcoin appears poised to test new all-time highs in the coming months, with the $100,000 mark now a widely discussed milestone.
9
--

Bitcoin ETFs Attract $2.6 Billion Amid Weekly Bull Run as Bitcoin Nears $90,000

According to Cointelegraph: A strong rally in Bitcoin’s price, which pushed it close to the $90,000 mark in early November, has driven unprecedented inflows into U.S. spot Bitcoin ETFs. The week of November 6–11 saw investments in Bitcoin ETFs soar to $2.6 billion, with both retail and institutional investors seeking to capitalize on the bull market and avoid missing out on gains.Record Inflows into Major Bitcoin ETFsLeading the charge was BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in over $2 billion during the week, the highest among the 11 approved spot Bitcoin ETFs in the United States. Other ETFs also saw substantial inflows, including Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $668.3 million, ARK 21Shares Bitcoin ETF (ARKB) with $253.2 million, and Bitwise’s Bitcoin ETF (BITB) with $180 million.Grayscale Achieves Positive Inflows After Long Outflow StreakThe rally also marked a turnaround for Grayscale’s Bitcoin Trust (GBTC), which has previously recorded significant outflows totaling $20 billion. Amid the bull run, both GBTC and Grayscale’s BTC ETF registered net positive inflows, collectively bringing in $219.8 million since November 6, according to Farside Investors.Ether ETFs Witness Record InflowsThe bullish sentiment extended beyond Bitcoin, spilling over to Ether (ETH) ETFs, which recorded the highest daily inflows in their history on November 11, totaling $294.9 million. This influx surpassed the previous record of $106.6 million set on launch day in July. BTC Markets analyst Rachael Lucas noted that “Ethereum is starting to catch a bid,” indicating a shift in investor interest toward ETH after a period of lagging behind Bitcoin.As investor enthusiasm continues to drive the crypto market, Bitcoin and Ether ETFs are cementing their role as key vehicles for U.S. investors seeking exposure to digital assets.
8
Последние новости криптовалют
⚡️ Участвуйте в последних обсуждениях в криптомире
💬 Общайтесь с любимыми авторами
👍 Изучайте темы, которые вам интересны
Эл. почта/номер телефона
Связанные авторы
LIVE
Binance News
@Binance_News
Структура веб-страницы
Cookie Preferences
Правила и условия платформы