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Bitcoin Plunges $6K in Minutes, Recovers to $98K as Crypto Liquidations Top $1 Billion

Bitcoin's move triggered more than $1 billion in liquidations across the market, with roughly 80% stemming from long positions.

Published on: December 06, 2024 | Source: Decrypt favicon Decrypt

Analysts foresee upside potential for Bitcoin beyond $100k despite some red flags

Bitcoinโ€™s (BTC) recent breach of the $100,000 price level has sparked discussions among analysts about market conditions and potential risks โ€” while some metrics suggest caution, others indicate room for further gains, according to analysts. VanEck head of digital assets research Matthew Sigel observed that only a few indicators suggest a market peak, leaving room [โ€ฆ] The post Analysts foresee upside potential for...

Published on: December 06, 2024 | Source: CryptoSlate favicon CryptoSlate

Bitcoin dips to $93K wiping out $303M longs within minutes

On Dec. 5, Bitcoin retreated further from the psychologically crucial $100,000 level, briefly dipping below $93,000 and triggering a significant amount of long position liquidations.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

What Are Prediction Markets? Understanding How MYRIAD Works

On-chain prediction markets such as MYRIAD have rapidly gained traction in recent years. Hereโ€™s how they work.

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

Decrypt, Rug Radio Launch MYRIAD Public Beta

The โ€œinterconnected media ecosystemโ€ integrates on-chain prediction markets and Quests alongside written and video content.

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

Bitcoin flash crashes to $90,200 causing over $885 million in liquidations

Bitcoinโ€™s (BTC) historic rally above $100,000 hit a roadblock on Dec. 5 as the flagship crypto fell back into five-figure territory, leaving a trail of liquidations across the market. BTC gave up almost all of the 24-hour gains that took it to a new all-time high of $103,679. It fell to a low of roughly [โ€ฆ] The post Bitcoin flash crashes to $90,200 causing over $885 million in liquidations appeared first on...

Published on: December 05, 2024 | Source: CryptoSlate favicon CryptoSlate

OpenAI Launches Most Powerful ChatGPT Yetโ€”With a Shocking Price Tag

While ChatGPT power users gain cutting-edge tools and models, the $200/month price is met with negative reviews.

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

โ€˜Chinaโ€™s MicroStrategyโ€™ Meitu sells all its Bitcoin and Ethereum: Asia Express

Asiaโ€™s MicroStrategy Meitu has sold all of its 940 Bitcoin and 31K ETH while Sth. Korea looks to legalize corporate crypto buys. Asia Express

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

Crypto industry execs approve of Trumpโ€™s pick to lead SEC

Executives from Bitwise, Ripple, and Coinbase voiced their support for former SEC commissioner Paul Atkins to lead the agency after Gary Genslerโ€™s departure.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

Worksport stock jumps 9% after adding BTC, XRP to treasury strategy

Worksport plans to dedicate up to 10% of its surplus operational cash to purchase Bitcoin and XRP.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

Kraken survey reveals crypto holdersโ€™ struggle with emotional trading decisions

A new survey by Kraken revealed that 63% of US crypto holders believe emotional decision-making has negatively impacted their portfolios, with fear of missing out (FOMO) and fear, uncertainty, and doubt (FUD) playing significant roles. The survey, which gathered responses from 1,248 crypto investors, found that 84% had made decisions influenced by FOMO, and 81% [โ€ฆ] The post Kraken survey reveals crypto holdersโ€™...

Published on: December 05, 2024 | Source: CryptoSlate favicon CryptoSlate

SEC defends amended suit against Binance, CZ over securities claims

In the latest round of the SEC suit against Binance, Binance.US and CZ, the agency has largely repeated itself in a form more acceptable to the court.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

Roaring Kitty Returns: GameStop Stock, GME Meme Coin Spike on Cryptic Post

Meme stock influencer Keith Gill (aka Roaring Kitty) posted for the first time in three months, sending GameStop's price surging.

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

Trump celebrates Bitcoin surpassing $100k milestone following election win

President-elect Donald Trump lauded Bitcoinโ€™s (BTC) record-breaking ascent past $100,000, congratulated Bitcoin investors on his Truth Social platform, and attributedthe milestone to his influence. Trump declared that Bitcoin investors are โ€œwelcome,โ€ framing the surge as a testament to his pro-growth policies. He said: โ€œCONGRATULATIONS BITCOINERS!!! $100,000!!! YOUโ€™RE WELCOME!!! Together, we will Make America Great...

Published on: December 05, 2024 | Source: CryptoSlate favicon CryptoSlate

Anchorage Digital to support liquid Ether staking

It is the first US bank to facilitate liquid Ether staking, and it is focusing on institutions.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

MYRIAD Public Beta Now Live

Now launched in public beta, Decrypt and Rug Radio present MYRIAD, the evolution of their interconnected media ecosystem with on-chain prediction markets. Visit myriad.markets to get started!

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

Bitcoin Price Falls Under $100,000 as Historic Surge Coolsโ€”And Longs Get Rekt

So much for $100K: Bitcoin fell under the milestone mark Thursday and then dipped below $99,000, leaving liquidated positions in its wake.

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

Another Publicly Traded Firm Is Putting Bitcoin in Its Treasuryโ€”XRP Too

Nasdaq-listed auto parts firm Worksport said Thursday that it would buy $5 million in Bitcoin and XRP as a diversification strategy.

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

Coinbase-led TRUSThub set to enhance digital asset transparency

The Coinbase-led Travel Rule Universal Solution Technology (TRUST) has unveiled TRUSThub, a platform designed to streamline data sharing among Virtual Asset Service Providers (VASPs), according to a Dec. 5 statement shared with CryptoSlate. TRUSThub aims to enhance compliance capabilities and enable secure Travel Rule data exchange, even with non-members or unregulated entities. TRUST members can [โ€ฆ] The post...

Published on: December 05, 2024 | Source: CryptoSlate favicon CryptoSlate

MicroStrategy's Bitcoin buys clock $17B profit

MicroStrategy's Bitcoin treasury is worth more than $40 billion after BTC surpassed $100,000 per coin.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

More Than a Meme? Bitcoin Tops $100K as the McRib Returns

"Fade the McRib at your own expense," one believer told Decrypt. Why the fan-favorite McDonald's sandwich is seen as a Bitcoin price signal.

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

Bitcoin futures premium hits 8-month high โ€” Will the BTC rally continue?

Bitcoin futures trade with a 20% annualized premium, levels not seen since March. Will the BTC rally continue?

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

Can popup cities revitalize Ethereumโ€™s innovation?

Innovation hubs can advance Ethereumโ€™s ecosystem, cultivating community-driven development and addressing the challenges of transitioning to sustainable blockchain projects.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

The Money Isn't Fixed Yet

A finite supply cap is not the only think necessary to fix the monetary system, money seizure and surveillance are fundamentally much bigger problems to solve.

Published on: December 05, 2024 | Source: Bitcoin Magazine favicon Bitcoin Magazine

Attention economy has fueled memecoins โ€” Hashed co-founder

Hashed co-founder Ryan Sungho Kim spoke to Cointelegraph at India Blockchain Week about the effect of the attention economy on memecoins.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

South Korean watchdog squashes rumors of corporate crypto roadmap

South Koreaโ€™s Financial Services Commission (FSC) denied reports claiming the government has finalized a roadmap for issuing real-name crypto accounts to corporations, including public institutions and nonprofit organizations, according to a Dec. 4 press release. Local media outlets, including Hankyung, reported earlier in the day that the FSC planned to release a roadmap by the [โ€ฆ] The post South Korean watchdog...

Published on: December 05, 2024 | Source: CryptoSlate favicon CryptoSlate

Layer N ditches Ethereum, says new L1 will support Typescript, Rust, C

N1 is purported to process 100,000 transactions per second, placing it among the fastest blockchains.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

Aptos to accelerate innovation with new tech, investment in India

Aptos wants to address the scalability limitations of other blockchains, co-founder and chief technology officer Avery Ching saidat India Blockchain Week 2024.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph

$100,000 Bitcoin Price Is Just The Beginning

Whoa, if you think Bitcoin hitting $100K is the peak, think again โ€” with what's ahead in 2025, we're just getting started folks!

Published on: December 05, 2024 | Source: Bitcoin Magazine favicon Bitcoin Magazine

The Guatemalan Government Is Taking A Closer Look At Bitcoin โ€” All Because Of A Meme

A Nayib Bukele Bitcoin meme posted by El Salvadorโ€™s Bitcoin Office went viral in Guatemala last month, and, from what Iโ€™m told, itโ€™s prompted the powers that be in the country to begin doing their homework on Bitcoin so to craft better policy around the asset.

Published on: December 05, 2024 | Source: Bitcoin Magazine favicon Bitcoin Magazine

Dogecoin and Litecoin Even More Profitable Than Bitcoin, Says Mining Firm

American Bitcoin miner BIT Mining said that it is making more money mining Dogecoin and Litecoin than the biggest digital coin.

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

Bitcoin miners see revenue surge as price surpasses $100,000 milestone

Bitcoin miners are enjoying a sharp rise in revenue as the flagship crypto crossed the $100,000 milestone for the first time in history. Onchain data shows that Bitcoin miners have earned an average of over $40 million daily through block rewards and transaction fees over the past week. This marks a stark departure from the [โ€ฆ] The post Bitcoin miners see revenue surge as price surpasses $100,000 milestone appeared...

Published on: December 05, 2024 | Source: CryptoSlate favicon CryptoSlate

South Korea Martial Law Declaration Highlighted Tron Dominance: Analyst

โ€œTron saw enormous buying on the same day, rallying from a low of 200 KRW to a high of 650 KRW, indicating some aggressive switching," the analyst said.

Published on: December 05, 2024 | Source: Decrypt favicon Decrypt

Whoโ€™s really getting rich from the crypto bull run?

While the crypto frenzy captivates speculators with dizzying highs and lows, the real winners are those giving investors a way to speculate.

Published on: December 05, 2024 | Source: Cointelegraph favicon Cointelegraph