Bitcoin’s price sharply declined by nearly $5,000, dropping to $97,160 after briefly surpassing $100,000. This volatility has led to significant losses in the altcoin market, with Ethereum and others experiencing drops of up to 11%. Over 130,000 traders faced liquidations totaling around $390 million, with the largest single liquidation on Binance valued at $12 million.
about Bitcoin Price Drops Below 100000 Causing Massive Liquidations in the MarketMicroStrategy
0 posts last weekBitcoin Exchange Supply Declines as Whales Accumulate 240000 BTC
Bitcoin’s spot exchange inventory has seen a significant decline, with 240,000 BTC exiting exchanges recently, indicating strong accumulation by investors. This trend follows a period of consolidation and suggests a bullish outlook for Bitcoin as outflows continue into 2025, coinciding with a price recovery above $101,700. Notably, Microstrategy accounted for 192,000 BTC of the recent purchases, highlighting the activity of major market players.
about Bitcoin Exchange Supply Declines as Whales Accumulate 240000 BTCStock Market Opens Up with Gains in Nvidia and Microsoft
Stock markets are poised for an upward opening, with the Dow, S&P 500, and Nasdaq showing positive trends. Super Micro Computer shares have surged following a strong performance on Friday, while Microsoft continues to gain momentum after announcing an $80 billion investment in AI-enabled data centers for the current fiscal year.
about Stock Market Opens Up with Gains in Nvidia and MicrosoftBitcoin Hashrate Hits Record High Amid Growing Institutional Interest
Bitcoin’s hashrate reached a record 1,000 EH/s on January 3, nearly doubling since January 2024, reflecting increased miner activity and enhanced network security. Major mining firms like Marathon and Riot Platforms are expanding operations despite reduced rewards post-April halving, holding significant Bitcoin treasuries valued at billions. Institutional interest is rising, with Bitcoin ETFs surpassing $100 billion in net assets, driven by improved regulatory clarity and the need for secure networks as large investors enter the market.
about Bitcoin Hashrate Hits Record High Amid Growing Institutional Interest