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Bitcoin Hits $104K Before Dipping To $90K As Long-Term Holders Reignite Volatility

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Bitcoin’s recent surge to an all-time high of $104,000 awakened long-term holders, who added selling pressure that briefly pulled prices back to $90,000. With dormant BTC re-entering the market, heightened volatility is expected to persist. https://twitter.com/kyledoops/status/1866082880344199247?t=Fc3q1pkNEddgcLEgOZojxg&s=19 In the options market, traders are recalibrating following Bitcoin’s climb past $100K. Options Open Interest (OI) rose to $37.3 … Read more

Bitcoin Breaks $100K: A Historic Milestone With Growing Institutional Interest

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In a historic moment 5,808 days after Satoshi Nakamoto mined Bitcoin’s first block, the price of a single BTC has soared past $100,000. This milestone marks a remarkable journey for the world’s largest cryptocurrency, cementing its status as a leading asset in the global financial landscape. Institutions are buying #Bitcoin $BTC above $100,000 to build … Read more

Bitcoin Surges 37% In November, Poised To Break $100K Amid Institutional FOMO

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Bitcoin ($BTC) soared by 37.3% in November 2024, a significant rally coinciding with the U.S. election month. Historically, December following election months has seen Bitcoin rise by 30%–46%, supporting projections that the cryptocurrency could surpass $100,000. Recent FOMO-inducing developments suggest an even more ambitious target of $115,000 by the end of the month. Institutional players … Read more

Grayscale Files for Solana ETF With NYSE Arca Amid Expanding Crypto Offerings

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The multi-billion-dollar crypto asset manager has joined the race to launch the first spot solana exchange-traded fund (ETF) in the U.S. Grayscale Becomes Fifth Asset Manager to File for a Solana ETF Crypto asset manager Grayscale is looking to convert its $120 million Grayscale Solana Trust (GSOL) into a spot ETF after U.S. exchange NYSE … Read more

Bitcoin’s On-Chain Activity Surges As Market Dynamics Shift

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Bitcoin’s on-chain activity is experiencing a significant uptick, marking the first sustained growth of this scale since 2021. Daily active addresses are nearing 1 million, highlighting renewed interest in the cryptocurrency. https://twitter.com/intotheblock/status/1861338230676721786?t=Ut54ItPXiZ7fGUf1Wsdpzw&s=19 One factor contributing to Bitcoin’s recent retracement is elevated funding rates, which signaled excessive leverage in the market. However, these rates have now … Read more