Bitcoin Unlikely to Drop to $60K Amid Stability in Near-Term Outlook — Michael Saylor
Bitcoin advocate and MicroStrategy founder Michael Saylor has dismissed the possibility of Bitcoin falling back to $60,000, a significant price point for the coming year. “I don’t think it’s going to $60,000 or $30,000. I think it’s going to rise from here,” Saylor stated in an interview with CNBC on Nov. 14. At the time, […]
Bitcoin Dips as Fed Chair Powell Signals No Rush to Cut Interest Rates
The Bitcoin market experienced a near 3% dip following remarks from Federal Reserve Chair Jerome Powell, who suggested that the central bank is in no hurry to reduce interest rates, despite expectations from crypto and financial market participants. Bitcoiners keep a close watch Speaking in Dallas, Texas, on Nov. 14, Powell stated, “The economy is […]
Analysts Predict Bitcoin Could Surge to $100K This November
A new all-time high of $100,000 for Bitcoin may arrive as soon as November, based on historical patterns and a surge in investor interest following the recent U.S. presidential election. The cryptocurrency recently crossed a major threshold of $90,000 on November 13, following Donald Trump’s victory in the 2024 election, sparking renewed enthusiasm among investors. […]
FBI Conducts Search at Home of Polymarket CEO Shayne Coplan
On November 13, U.S. Federal Bureau of Investigation (FBI) agents conducted a search at the New York City residence of Polymarket CEO Shayne Coplan, confiscating his electronic devices, including his phone. According to a report by the New York Post, Coplan was awakened around 6:00 a.m. Eastern Time by federal authorities who requested that he […]
Bitcoin Surges to Historic Market Cap, Surpassing Saudi Aramco and Approaching Tech Giants
With Bitcoin’s price now stable above $90,000, its market capitalization has surged past that of Saudi Aramco, the largest oil producer globally, bringing it closer to tech giants. On Nov. 14, Bitcoin achieved a record-breaking market cap of $1.81 trillion, placing it as the seventh-largest asset worldwide, as reported by CoinMarketCap and CompaniesMarketCap. Bitcoin climbed […]
Italy Reduces Proposed Crypto Tax Rate Increase
The Italian government is reportedly considering a smaller increase to its capital gains tax on cryptocurrencies, aiming for a 28% rate instead of the previously discussed 42%. According to a Bloomberg report dated Nov. 12, the administration under Prime Minister Giorgia Meloni is inclined to support a 28% crypto tax rate, which represents a modest […]
Solana Surpasses Ethereum’s Economic Activity for the First Time in October
The Solana network has been steadily closing in on Ethereum, with key metrics indicating significant gains in market share and revenue throughout 2024. A recent report from Syncracy Capital, a hedge fund, highlighted Solana’s rapid ascent, showing that it now rivals Ethereum across many major economic indicators. Released on Nov. 12, the report notes consistent […]
Trump Enlists Elon Musk and Vivek Ramaswamy to Launch ‘DOGE’ Plan for Government Downsizing
President-elect Donald Trump has tapped Elon Musk and Vivek Ramaswamy to head a new agency, the Department of Government Efficiency (DOGE), with a mission to cut federal spending and streamline regulations. According to Trump, the agency will aim to “dismantle government bureaucracy, reduce regulatory burden, eliminate wasteful spending, and restructure federal agencies for greater efficiency.” […]
Ethereum Gains Momentum as US ETFs Record $295M Inflow
The United States spot Ethereum (ETH) exchange-traded funds (ETFs) have hit an all-time high for inflows, following an impressive market rally triggered by Trump’s recent election win. On November 11, Ethereum ETFs brought in an unprecedented $294.9 million, far exceeding their previous high of $106.6 million on launch day in July. Fidelity’s Ethereum Fund (FETH) […]
MicroStrategy Acquires $2B in Bitcoin, Raising Total Holdings to $23B
MicroStrategy continues to expand its substantial Bitcoin holdings, showing a steadfast commitment to the cryptocurrency despite recent price highs. On Nov. 11, the business intelligence giant, now a major Bitcoin investor, announced a purchase of 27,200 BTC for approximately $2.03 billion in cash. The acquisition was made between Oct. 31 and Nov. 10, with an […]