31 Oct 24 - đ MicroStrategy announces its $42B â21/21 Planâ to double down on Bitcoin over three years, split between $21B in equity and $21B in fixed income securities. Already holding 252,220 BTC worth $18.2B, the firm aims for higher BTC yield as a treasury asset.
31 Oct 24 - đ” Amid ad revenue drops and market uncertainty, Reddit sold its Bitcoin and Ethereum holdings in Q3 2023 before the recent BTC surge to $73K. The platform now limits crypto assets to BTC, ETH, and select others, needing board approval for future purchases.
30 Oct 24 - ⥠Bitcoin miners, including Cormint and TeraWulf, are slashing costs, with some paying as low as $15K per BTC. Following Aprilâs halving and tighter margins, miners are adopting AI tech and considering M&A for efficiency, per CoinSharesâ latest report.
30 Oct 24 - đ Despite nearing all-time highs, Bitcoinâs retail interest remains low, with Google search trends showing âBitcoinâ at only 23% of its 2021 peak. Analysts note AI-related terms are drawing more searches, indicating broader attention away from crypto right now.
30 Oct 24 - đč Bitwise CIO Matt Hougan predicts Bitcoin could reach $200K as it matures as a store of value and fiat currency devaluation continues. He argues BTC doesnât need a dollar collapse to surge, seeing it hit 50% of goldâs market cap, pushing BTC to around $400K.
30 Oct 24 - đ Analysts suggest a Trump win could spark a short-term crypto rally, but high volatility is already priced in, urging caution. While Bitcoin trades close to its all-time high at $72K, Swyftxâs Pav Hundal and others advise a diversified strategy amid election impacts.
30 Oct 24 - đ As the 2024 election nears, crypto leaders are divided: Trump enjoys strong backing from Winklevoss twins, Jesse Powell, and Elon Musk, while Kamala Harris has gained support from Ripple CEO Chris Larsen and VC Mark Cuban. Both camps draw key crypto allies.
30 Oct 24 - đ Binance has launched Binance Wealth, a service on Binance.com aimed at high-net-worth clients, focusing initially on Asia and Latin America. It provides private client managers with tools to manage crypto portfolios, while assets are held in sub-accounts under full customer control.
30 Oct 24 - đ BitMEX founder Arthur Hayes foresees Chinaâs shift to quantitative easing to address deflation, which could drive Bitcoin as a hedge against a weakening yuan. Hayes argues that QE measures would boost Bitcoinâs appeal as a store of value amid global liquidity expansion.
30 Oct 24 - đ„ Bitcoin nears an all-time high, breaking $72,000 due to three factors: US election momentum with Trumpâs pro-crypto stance, eased Middle East tensions calming markets, and record ETF inflows. Analysts expect more volatility as institutional interest surges.
30 Oct 24 - đ Bitcoin advocate Samson Mow claims the âreal actionâ for BTC hasnât even begun, predicting further gains after BTC hit $71,200. Dormant BTC whales reactivated after 12 years, moving $53.23M in BTC, signaling bullish confidence as Bitcoin continues its surge.
30 Oct 24 - đ„ Elon Musk praised El Salvadorâs recent progress stats shared by President Nayib Bukele, including improved crime rates, economic growth, and Bitcoinâs role in the economy, calling the achievements âsuper impressive.â El Salvador continues accumulating BTC while some countries, like Bhutan, sell.
30 Oct 24 - đ Bitcoin miner HIVE Digital (HIVE) expected to double its hashrate to 13 EH/s by next year, Cantor says, rating stock âoverweightâ with a $9 target. HIVEâs AI & GPU cloud model aims for $100M ARR, while market undervalues growth and high-performance computing.
30 Oct 24 - âš Bitcoin forms two golden crosses: one traditional (50/200 MA) and one MVRV-based, sparking analyst targets of $135K-$148K. Past MVRV golden crosses yielded gains up to 638%, while the latest technical signals suggest potential for BTC to exceed $140,000.
30 Oct 24 - đ Bitcoin surged past $70,000, trading near $72,000, as institutional volumes reached record highs. BlackRockâs IBIT led ETF volumes at $3.3B, and technicals hint at resistance around $76,600. Major market players, including Bhutan, made moves, intensifying upward momentum.
30 Oct 24 - đ Florida CFO Jimmy Patronis requests a study on Bitcoin investments for state pensions, aligning with Trumpâs proposed national Bitcoin stockpile. This initiative could position Florida alongside other states exploring crypto in pensions amid a crypto-friendly climate.
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29 Oct 24 - đ Billionaire Chamath Palihapitiya forecasts Bitcoin as the ultimate inflation hedge, targeting $240K per BTC. With institutional adoption rising and technical patterns aligning, he sees Bitcoin outshining gold and stocks as a resilient store of value.
29 Oct 24 - đ Over 60% of Indonesian crypto investors are under 30, with September transaction volume hitting 33.7 trillion IDR ($2.1B). Tether, Ether, Bitcoin, Pepe, and Solana top trades. Dual crypto tax system challenges users, as Bappebti urges a tax reassessment.
29 Oct 24 - đ Bitcoinâs uptrend is fueled by macro factors like Chinaâs potential $1.4T debt plan, which could drive liquidity and risk-asset demand, and anticipation around the U.S. election. Analysts see similarities to 2020 stimulus boosts, with BTC as a hedge against inflation.