MicroStrategy, a well-known company for its massive investments in bitcoin, recently made a major new acquisition. Between December 9 and 15, 2024, the company purchased 15,350 bitcoins for a total amount of 1.5 billion dollars.
The Bitcoin/gold ratio, a key indicator of the purchasing power of crypto against the precious metal, has reached an all-time high of 40 ounces of gold per BTC. This performance reflects the spectacular rise of BTC, which has surpassed the $106,000 mark today, December 16, consolidating its role as the "new digital gold."
The crypto market is undergoing a major transformation, driven by the growing interest from institutional investors. Among the key players in this revolution, BlackRock stands out through the development of financial products specific to Bitcoin and Ethereum, the two most emblematic assets. According to Jay Jacobs, head of ETFs at the company, the funds dedicated to these cryptos still represent a largely untapped potential. With the assertion that current demand is just "the tip of the iceberg," he indicates that institutional adoption is still in the emerging phase. With assets under management already exceeding $54 billion for the Bitcoin fund (IBIT) and nearly $4 billion for the Ethereum fund (ETHA), these figures reflect the scale of a phenomenon poised to redefine investment strategies on a global scale.
A major move could redefine the outlook for Ethereum as the crypto market undergoes a consolidation phase. On December 14, an exceptional transaction of 418 million dollars, equivalent to 108,521 ETH, was recorded. This withdrawal, the largest seen since March, was made directly from exchanges, a decision that catches the attention of analysts and investors. Such a significant reduction in available assets on exchanges hints at a change in approach among Ethereum holders, who now seem to favor a long-term holding strategy. With the decrease in selling pressure, this move bolsters the assumption of a forthcoming price increase, fueled by positive technical signals. As Ethereum approaches key resistance zones, speculation about a return to the peaks reached in 2021 is growing.
The cryptocurrency market has recently been shaken by a major news: a massive influx of 148 billion dollars in stablecoins. This situation raises crucial questions for Bitcoin (BTC) investors and could have significant implications for the future of the world's most famous cryptocurrency.
Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a realm of limitless innovations and a battleground for regulatory and economic conflicts. Here is a summary of the most significant news from the past week regarding Bitcoin, Ethereum, Binance, Solana, and Ripple.
The price of Solana has recently recorded a decline of 16.8% from its yearly peak, reflecting a pause in the crypto momentum. Despite this correction, technical and fundamental signals suggest long-term bullish potential. Between descending wedges, regulatory support, and growth catalysts, SOL maintains hopes for a new push to higher peaks.
Under the Christmas tree of the global economy, Bitcoin sparkles. But behind the digital gold, the shadow of a storm is gently forming.
Cointribune is launching a new quest this Monday, December 16, 2024, especially dedicated to Read to Earn, which offers you the unique opportunity to learn while earning cryptos. The Read to Earn concept is based on an innovative model where users are rewarded for their engagement and consumption of content. Here’s how this quest works and how you can make the most of it.
The French Republic is experiencing a new institutional upheaval with the forced appointment of François Bayrou as Prime Minister.
Amid whispers of inflation and hopes for growth, the Fed is reshaping its horizons. Powell, with caution in hand, challenges a nascent economic storm.
An unprecedented crisis is shaking the global economy today: large companies, often seen as pillars of stability, are faltering under the weight of record failures. In the third quarter of 2024, 127 companies, each reporting revenues exceeding 50 million euros, declared bankruptcy. This statistic far exceeds the averages observed before the pandemic, revealing a critical acceleration of economic vulnerabilities. Such a phenomenon is set against a backdrop marked by the aftereffects of the health crisis and a rapid rise in interest rates, two factors that have put significant strain on companies' cash flows. At the same time, the end of the support measures put in place during Covid-19 has exposed many companies to increased costs and unavoidable restructuring. These failures, particularly concentrated in Europe, raise questions about the structural limits of certain sectors and the ability of companies to face a rapidly changing economic environment.
Since its rapid rise on the crypto scene as an iconic memecoin, Shiba Inu (SHIB) has established itself as a key player in this universe. This token, often seen as a lucrative opportunity by investors, seemed until now to capitalize on the enthusiasm of its community. However, the recent drop in its price constitutes an unexpected event. After reaching a spectacular peak, SHIB is undergoing a correction phase that raises questions about its long-term viability. Thus, the current situation highlights the fragility of market dynamics surrounding community tokens and prompts reflection on the challenges facing the Shiba Inu ecosystem, despite the unwavering support of its followers.
The crypto market is buzzing again with optimistic forecasts for Ethereum. While Bitcoin recently reached historical highs, analysts predict that Ether could follow suit and break new records as early as the first quarter of 2025.
Bitcoin, this volatile icon of financial markets, may be on the brink of yet another rollercoaster episode. According to a crypto analyst, the approval of a strategic Bitcoin reserve by the U.S. government could disrupt current dynamics. But what does this potential surge followed by a drop really conceal?
Like a beacon in the crypto storm, Solana inspires loyalty. Those who believe hold firm, hoping for a bright future.
A new proposal, advocated by John Carvalho, seeks to redefine the unit of measurement for Bitcoin. The idea? Replace decimal points with a representation in whole numbers, where what we currently consider a satoshi would become the new "bitcoin." This initiative is sparking debate and reflection within the crypto community.
MicroStrategy, the company led by Michael Saylor, will soon be included in the Nasdaq-100, an index that tracks the 100 largest non-financial companies listed on Nasdaq. This inclusion is a major milestone for MicroStrategy, as it will significantly increase the Nasdaq-100's exposure to Bitcoin (BTC).
Despite a recent correction in the markets, crypto whales are multiplying their purchases of Bitcoin (BTC), Cardano (ADA), XRP, and Dogecoin (DOGE). This accumulation strategy during a downturn could foreshadow major market developments.
The world of blockchain continues to profoundly transform digital finance, but not all projects succeed in combining innovation and relevance. Among the most remarkable initiatives, Chainlink, the decentralized oracle network, stands out as a key pillar in the field of Real-World Assets. According to the latest data from the analysis platform Santiment, Chainlink dominates its sector thanks to particularly intense development activity. Thus, over the last thirty days, it recorded 394 notable events on GitHub, surpassing renowned competitors like Synthetix and Dusk Foundation, which recorded 176.6 and 34.7 events respectively.
Eclipsed by a cautious market, Bitcoin finds its way between fears and ambitions. Hidden data whispers: patience before the explosion, as every peak conceals the next challenge.
Transaction fees on the Ethereum network have reached a nine-month high, totaling 67 million dollars per week. A boon for some crypto users, a bane for others…
The Polygon community is preparing for a decisive vote on a liquidity proposal that could transform the future of the crypto ecosystem. With an estimated annual revenue generation potential of 91 million dollars, this strategic initiative could mark a significant turning point for the network.
The world of cryptocurrencies is buzzing, and this time, it's XRP that is making the headlines. With an unprecedented flow of 2.66 billion tokens transferred on Binance in 30 days, the "whales" are taking control of the market. But what do these massive movements mean? Are they preparing a storm or a new opportunity?
The crypto market continues to captivate investors and institutions, but a new analysis reignites debates. According to VanEck, a major player in asset management, the year 2025 could be marked by unprecedented movements. Matthew Sigel, head of crypto research, initially anticipates a significant correction in Bitcoin and altcoins over the summer, followed by a rise to historical peaks by the end of the year. These predictions, based on economic signals and cyclical trends, present crucial stakes for the markets, from institutional adoption to changing regulations.
Majestic yesterday, shaken today: Ethereum, once king of crypto, wavers under the assault of triumphant altcoins. Dencun was merely a balm on an open wound.
Cryptos are increasingly disrupting the foundations of the global economy, prompting governments to rethink their financial strategies. Among these initiatives, an ambitious proposal is emerging from Japan. Lawmaker Satoshi Yamada has urged his government to explore an innovative idea: to include bitcoin in national foreign exchange reserves. This project, which fits within a growing international trend, is sparking a passionate debate about the use of cryptos as a strategic lever.
Bitcoin is experiencing an unprecedented surge, with a price surpassing the symbolic threshold of $100,000. In this context of spectacular ascent, a major deadline is approaching rapidly: December 27. Bitcoin options worth a record $19.8 billion are set to expire. This event marks a significant milestone for the market, as it is likely to redefine short-term price dynamics and influence the strategies of investors, whether retail or institutional.
Amidst the tumult of whales and the shine of profits, Uniswap dances with the hope of a rise... or a plunge.
Bitcoin has reached a historic milestone with an astounding transaction volume of $131 trillion, signaling massive institutional adoption and unprecedented maturity in the crypto market.