1. Bitcoin has now risen above $64,000 and MicroStrategy's share price has soared 40% in three days; 2. Fidelity updates its ETF portfolio allocation, and the cryptocurrency investment allocation range will reach 1-3%; 3. The third largest Bitcoin address today increased its holdings by 4,809 Bitcoins, with an accumulated unrealized profit of US$4.1 billion.
As the spot ETF approval window approaches, the pressure index of the US Securities Regulatory Commission is increasing. The battle for the 2024 election year has started early, with Republican Whip Tom Emmer calling for a wave of support aimed at firing SEC Chairman Gary Gensler. #bitcoinnews #bitcoin #altcoins #altcoinseason
BlackRock revealed that it plans to inject $10 million in seed capital into iShares Bitcoin Trust on January 3, 2024. The latest amendment details that a Seed Capital investor, an affiliate of the trust’s sponsor, purchased $100,000 worth of seed shares of the spot Bitcoin ETF on October 27, subject to conditions. The filing also outlines the redemption of Seed shares for cash by Seed Capital investors on January 3, 2024, as well as the purchase of a $10 million Seed Creation Basket. #bitcoinews #crypto2024 #bullrun #altcoin
A large amount of Wall Street funds are returning to Bitcoin. The Bitcoin spot ETF is rumored to be positive. Following an outflow of $16 million last week, according to the CoinShares weekly data report, Wall Street crypto fund issuance rebounded in the week as of December 22, with inflows reaching 103 million. Dollar. Over the past 13 weeks, cryptocurrency exchange-traded products (ETPs) have seen 12 weekly inflows. Bitcoin funds had the largest inflows of all cryptocurrencies, with more than $87.6 million and accounting for 85% of the total. #bitcoinews #bitcoin #crypto #bullrun #bitcoin
On Friday (December 29), Bitcoin tried to regain its lost ground at $42,600, and the currency price showed a healthy correction this week. Solana, regarded as the "Ethereum killer", became the strongest winner, and its market value once surpassed Binance Coin and Ripple Coin. Wall Street funds are returning to the crypto market in large quantities. BlackRock plans to inject 10 million into spot ETFs. Cathie Wood, the "female stock goddess" and founder of Ark Fund, released a positive signal that the US Securities Regulatory Commission has approved ETFs. #bitcoin #bitcoinews #crypto #altcoinseason #bullrun #altcoin
On Thursday, news related to the Bitcoin Spot ETF will impact buyer demand for Bitcoin and the broader crypto market. However, a break below the support at $42,968 will push the price below $41,000. #bitcoinews #bitcoin #bullrun #altcoins #BNB #news
Bitcoin is holding above the 50-day and 200-day moving averages, sending a bullish price signal. If Bitcoin returns to the $44,000 mark, bulls will target the $44,690 resistance and the December 8 high of $44,747. #bitcoin #news #crypto #altcoinseason #bullrun
The US listed company MicroStrategy increased its holdings significantly, purchasing 14,620 Bitcoins for US$615.7 million. Billionaire Elon Musk released two major positive news, which increased investors' long-term confidence. The outflow of U.S. dollar funds triggered large-scale safe-haven buying, creating an "overnight bullish" drama for Bitcoin.
Marathon Digital also announced the acquisition of two Bitcoin mines in Texas and Nebraska for US$178.6 million. This decision will increase the production capacity of its Bitcoin mining portfolio by 56% to 910 terawatts. #bitcoinews #cryptonews #altcoinseason
The market generally expects that the Bitcoin halving cycle will arrive in April 2024, and Marathon Digital has made arrangements in advance to eliminate the growing market competition. The "halving" will trigger Bitcoin deflation, and miner rewards will be halved. This has triggered Bitcoin mining companies to buy a large amount of equipment recently to avoid falling victim to a new round of competition. #bitcoin #binance #news #halving