$BTC
○ The increase in Bitcoin's hashrate indicates strong confidence from miners and solid network security, despite ongoing challenges of Proof-of-Work.
○ MicroStrategy plans a perpetual preferred stock offering worth $2 billion to increase its Bitcoin holdings.
○ Bitcoin reached $19 trillion in transactions and a record hash rate, with significant contributions from U.S. mining groups, indicating strong momentum in the market.
○ The Bitcoin ETF market is recovering with inflows of $908 million, backed by political support and growing institutional interest, indicating significant financial interest and confidence in digital assets.
○ In the last 24 hours, the price of Bitcoin moved -0.35% to $97.89k and the trading volume moved -42.22% to $20.24b.
January 5, 2025 at 2:36 PM