50 million ounces of gold await the country to reverse the law that prohibits metal mining. Bukele’s bitcoin strategy is already giving strong signs that it is working. The president of El Salvador, Nayib Bukele, is determined to continue diversifying the national treasury after he revealed, in March of this year, the address of a … Read more
The world’s most valuable stablecoin, USDT, issued by the company Tether, acts as a bridge between fiat money and cryptocurrencies. For this reason, there is a high correlation between USDT and the price of bitcoin (BTC), the main digital currency. Bitcoin investors typically trade through USDT, which means a rise in bitcoin price also boosts … Read more
Saylor has been the main promoter of the institutionalization of Bitcoin. Before Bitcoin, MicroStrategy was not a good investment. Bitcoin would have reached $100,000 on its own merits if Michael Saylor didn’t exist. It was a matter of time; I didn’t need Saylor. But the institutional drift that Bitcoin has taken in recent years has … Read more
So far, MicroStrategy accumulates 386,700 BTC. The company invested $5.4 billion in the purchase announced this Monday. This Monday, November 25, MicroStrategy announced a new acquisition of 55,500 bitcoin (BTC). The company invested $5.4 billion in this purchase, with an average price of $97,862 per BTC. As of November 24, 2024, MicroStrategy accumulates 386,700 BTC, … Read more
Bitcoin (BTC) and the cryptocurrency market in general are experiencing, this Sunday, November 24, a decline in their prices. The worst part is being suffered by memecoins, which are registering declines that exceed, in some cases, 15%. According to Coinmarketcap metricsof the 10 digital assets with the worst performance in the last 24 hoursup to … Read more
Despite the sales, demand managed to absorb supply and kept BTC close to 100 thousand USD. The price of bitcoin reached an all-time high yesterday: $99,600. While the community bitcoiner expects the price of Bitcoin (BTC) to cross $100,000 for the first time in history, the sales record recorded yesterday, November 22, 2024, prevented it … Read more
Novogratz: Bitcoin would reach USD 500,000 if the US converts reserves to BTC. There could be an altseason but with low impact, according to analyst Juan Rodríguez. Far from stopping, the rally of bitcoin (BTC) and other cryptocurrencies does not stop advancing and the currency created by Satoshi Nakamoto is increasingly closer to USD 100,000. … Read more
Cboe Global Markets, one of the world’s leading securities and derivatives exchange networks, announced the launch Cash-settled options based on a US spot bitcoin (BTC) ETF index. This new product, available starting Monday, December 2, will be traded exclusively on the Cboe Options Exchange and will be regulated by the Securities and Exchange Commission (SEC). … Read more
For the specialist, “Ethereum does not compete with Solana but with Bitcoin.” Unlike 2021, narratives do not accompany Ethereum. Paul Ironforce, pseudonym of an Argentine specialized in decentralized finance (DeFi), spoke about the low price of ether (ETH), the native cryptocurrency of the Ethereum network. If its price is measured in BTC, ETH currently has … Read more
After 3 years of waiting, the Solana cryptocurrency (SOL) marked a new all-time high in its price. In the early morning of today, SOL surpassed the barrier of 260 dollarsthus reaching a new price record. The following graph shows how the market has moved over time: Historical graph of the price of solana. Source: TradingView. … Read more