North Rock Digital, a player in the digital assets hedge fund arena, recently made a bold prediction regarding the altcoin Stacks (STX). In a statement released on X, the fund highlighted its investment strategy and reasoning for STX being the best altcoin to long at the moment. “When looking for long ideas, we target those…
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Bitcoin price extended its rally above the $42,000 resistance. BTC is now correcting gains and might test the $40,800 support zone. Bitcoin surged further above the $41,200 and $42,000 levels. The price is trading above $41,200 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $40,880…
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Source: Pixabay / xresch BlackRock and Bitwise have recently updated their filings for spot Bitcoin exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). These frequent amendments may signal pivotal progress. In its most recent updated submission, BlackRock, the asset management giant, filed an amended S-1 filing with the SEC for its proposed…
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DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrency markets are pumping on Monday led by Bitcoin (BTC), which just surpassed $42,000 for the first time since April 2022, taking its four-day run of gains to move than 10%. A cocktail of bullish catalysts are being cited as supporting the BTC rally, including; 1) ongoing…
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Bitcoin and the crypto market continue to smash critical resistance levels and hit new yearly highs. The cryptocurrency stands closer to the $50,000 area as 2023 ends, and two major bullish catalyzers stand on the horizon. As of this writing, Bitcoin (BTC) trades at $41,800 with a 6% profit in the last 24 hours. In…
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El Salvador Flag With BTC Tokens / Source: Adobe The Bitcoin (BTC) price, which briefly surpassed $42,000 on Monday for the first time since April 2022, has risen back above El Salvador’s average purchase price, putting the emerging Central American nation’s crypto bet back in the green. El Salvadorian President Nayib Bukele proclaimed via a…
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Bitcoin Logo and Qatar / Source: Bitcoin Archive Twitter Well-known Bitcoin (BTC) maximalist Max Keiser tweeted on X late on Sunday that Qatar could be a big bullish driver for the world’s largest cryptocurrency by market capitalization, suggesting that rumors are getting “very loud” that the country’s sovereign wealth fund could be looking to scoop…
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On Sunday, December 3, 2023, bitcoin’s value surged past the $40K mark, peaking at $40,846 at 8:45 p.m. Eastern Time. Over the past week, bitcoin has witnessed an 8.4% increase and a 3% rise in the past 24 hours, achieving a peak that the cryptocurrency hadn’t seen in 20 months.
Bitcoin Rises Above the $40K…
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Recent statistics reveal that Microstrategy, a company known for its business intelligence, mobile software, and cloud services, has seen a significant increase of over 30% in its bitcoin investments. The company invested a total of $5.314 billion, with the current value of its bitcoin cache reaching $6.915 billion, marking a substantial profit of $1.601 billion.
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Bitcoin price is up over 5% and it broke the $40,000 resistance. BTC is rising and might soon climb higher toward the $42,000 resistance. Bitcoin broke the $38,500 resistance zone and surged above $40,000. The price is trading above $40,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming…
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