Solv Protocol is preparing to launch an “onchain MicroStrategy” to bring yield-bearing Bitcoin (BTC) reserves to decentralized finance (DeFi), Solv’s co-founder Ryan Chow said in a Nov. 29 X post. “We’re building the first-ever On-Chain … Solv to launch ‘onchain MicroStrategy’Read more
Month: November 2024
$13.6B in Bitcoin options expire Friday — Can bulls push BTC price to $100K?
Bitcoin is set for its largest monthly options expiry of 2024, with a total exposure of $13.6 billion. Less than 2% of BTC put options target $100K or higher This event provides bulls with a … $13.6B in Bitcoin options expire Friday — Can bulls push BTC price to $100K?Read more
Bitcoin’s metrics suggest bull market is far from overvalued
Bitcoin’s valuation metrics suggest the bull market is far from over and could be setting the stage for even further highs. With no signs of overvaluation typically seen at price peaks, analysts are eyeing a … Bitcoin’s metrics suggest bull market is far from overvaluedRead more
Crypto literacy at ‘dangerously low’ levels, new report warns
As Bitcoin trades near new highs, the level of financial literacy in the cryptocurrency community still leaves much to be desired, according to a new report. The crypto community’s financial literacy rate is estimated at … Crypto literacy at ‘dangerously low’ levels, new report warnsRead more
Bitcoin price slips to $93K as liquidations soar and long-term BTC holders take profit
Bitcoin’s quest for $100,000 hit an impasse as sellers took control and pushed BTC price under $93,000. Margin traders sitting in long positions saw heavy losses as the total crypto market liquidations on the buy … Bitcoin price slips to $93K as liquidations soar and long-term BTC holders take profitRead more
Bitcoin 'spoofing' drives BTC price to $97K amid record profit-taking
Bitcoin (BTC) headed toward a “pivotal low” on Nov. 24 as manipulative traders sought to keep $100,000 out of reach. BTC/USD 1-hour chart. Source: TradingView Bitcoin faces stiff opposition around $100,000 Data showed BTC price … Bitcoin 'spoofing' drives BTC price to $97K amid record profit-takingRead more
The Two Papa John's pizzas ordered in 2010 now close to $1B mistake
The two Papa John’s pizzas ordered by programmer Laszlo Hanyecz in 2010 for 10,000 Bitcoin (BTC) have become infamous in the crypto world. At current market prices, those two pizzas cost Laszlo more than $978 … The Two Papa John's pizzas ordered in 2010 now close to $1B mistakeRead more
Texas taking baby steps toward strategic Bitcoin reserve: Satoshi Action Fund
Strategic Bitcoin reserve legislation is reportedly the subject of preliminary discussions among Texan lawmakers, according to nonprofit advocacy group, the Satoshi Action Fund (SAF). In a Nov. 21 talk at the North American Blockchain Summit … Texas taking baby steps toward strategic Bitcoin reserve: Satoshi Action FundRead more
US Bitcoin ETF assets break $100 billion
United States Bitcoin (BTC) exchange-traded funds (ETFs) broke $100 billion in net assets for the first time on Nov. 21, according to data from Bloomberg Intelligence. Bitcoin has dominated the ETF landscape since spot BTC … US Bitcoin ETF assets break $100 billionRead more
Bitcoin reserve won’t solve US debt crisis: Think tank co-founder
United States Senator Cynthia Lummis’ plan to set up a strategic Bitcoin reserve won’t be enough to solve the country’s debt crisis, which has now swelled to $35 trillion, the president of the nonprofit think … Bitcoin reserve won’t solve US debt crisis: Think tank co-founderRead more
Bitcoin price analysis sees $94K swipe as ETF options launch arrives
Bitcoin (BTC) saw swings near all-time highs on Nov. 19 as geopolitical tensions sparked risk-asset volatility. BTC/USD 1-hour chart. Source: TradingView BTC price analysis sees $94,000 liquidity hunt Data from Cointelegraph Markets Pro and TradingView … Bitcoin price analysis sees $94K swipe as ETF options launch arrivesRead more
BTC price weekly close nears $90K — 5 Things to know in Bitcoin this week
Bitcoin (BTC) launches into a new week inches from fresh all-time highs after sealing its best-ever weekly close. Bitcoin traders see price discovery returning in the coming week while eyeing levels toward $80,000 as a … BTC price weekly close nears $90K — 5 Things to know in Bitcoin this weekRead more
Senator Lummis says Treasury should convert gold for Bitcoin reserve
Wyoming Senator Cynthia Lummis is advocating for the United States Treasury Department to convert a portion of its gold holdings into Bitcoin (BTC) to establish a Bitcoin strategic reserve. Lummis told Bloomberg that by converting … Senator Lummis says Treasury should convert gold for Bitcoin reserveRead more