Bitcoin News

MFI announces $500 million PIPE to support Bitcoin-backed digital asset strategy.

Bitcoin’s market capitalization has fallen more than $830 billion from its early-October peak of $2.49 trillion.

In a post on X, MSTR’s executive chairman stated that Strategy is an operating company, not a fund, trust, or holding company.

In a broadcast on X earlier this week, Hayes predicted that Bitcoin could reach $500,000 in 2026 if quantitative easing occurs.

U.S. spot Bitcoin ETFs saw record net monthly outflows of $3.79 billion in November.

Bitcoin alone accounted for over $1 billion in forced liquidations, with Ethereum and Solana following.

The apex cryptocurrency was down over 9% at $83,555.42 at the time of writing, as per CoinMarketCap data. Ethereum crashed 10% to $2,727.16, XRP dipped 9.1% to $1.93.

Bitcoin’s price dropped to $86,700 after a stronger-than-expected September jobs report.

Last month, Coinbase surpassed $1 billion in BTC-backed on-chain loan originations in just eight months since launch.

10x Research noted that Strategy investors have absorbed roughly $20 billion in NAV losses since late 2024, and BitMine ETH holdings are down $3.7 billion.

Bitcoin spot ETFs recorded $75.47 million in inflows on Wednesday, with IBIT contributing more than $60 million.

In early trading on Thursday, Bitcoin prices rose 0.5% to $92,232.14 at the time of writing, according to CoinMarketCap data, while Ethereum dipped 2% to $3,032.62.

The liquidation accounted for roughly a quarter of all Bitcoin liquidations over the past 24 hours.

BlackRock’s iShares Bitcoin Trust saw $523 million in net outflows on Tuesday, marking the ETF’s largest day of outflows since its January 2024 debut.

In early trading on Wednesday, Bitcoin prices rose 1% to $91,800.47 at the time of writing, according to CoinMarketCap data, while Ethereum gained 1.9% to $3,094.72 and BNB was up 2.2% to $931.05.

The Stock Market Fear and Greed Index hit 9/100, indicating ‘extreme fear’ among investors.

More than half of that $1 billion was from bets on Bitcoin, totaling around $570 million.

Executive chairman Michael Saylor had teased that the company is buying “a lot” of Bitcoin on Friday in an interview with CNBC.

Crypto liquidations surpassed $500 million in 24 hours, led by Bitcoin and Ethereum.

The apex cryptocurrency declined 0.3% to $95,636.64 at the time of writing, according to CoinMarketCap data, while Ethereum fell 0.5% to $3,195.93.

Strategy Executive Chairman Michael Saylor told CNBC that the company is “accelerating” its purchases and will be reporting new Bitcoin accumulation on Monday.

Arkham Intelligence reported a dip in holdings to 437,431 BTC from more than 484,000 in the last 24 hours.

CoinGlass data shows that long positions made up the majority of the $1.1 billion in liquidations.

The apex cryptocurrency declined over 6% to $96,968.88 at the time of writing, according to CoinMarketCap data, while Ethereum fell 10.2% to $3,170.08 and XRP was down 8% to $2.30.

Block said the integration will simplify cross-border payments and improve settlement efficiency while maintaining the user-friendly interface that Cash App is known for.

The broader cryptocurrency market dropped 1.2% over the past day, with a total market capitalization of around $3.5 trillion.

The apex cryptocurrency gained 0.2% to $103,471.89 at the time of writing, according to CoinMarketCap data, while Ethereum rose 2.9% to $3,538.77, and BNB was up 1.1% to $966.

On-chain data from CryptoQuant shows signs of a potential market reset with Bitcoin supply tightening as short-term traders sell at a loss on Binance and longer-term investors accumulate.

The apex cryptocurrency declined nearly 1.6% to $103,559.17 at the time of writing, according to CoinMarketCap data, while Ethereum fell 3.1% to $3,448.26 and XRP fell 2.4% to $2.39.

The total crypto market capitalization slipped to approximately $3.6 trillion amid $373 million in liquidations.

The apex cryptocurrency declined nearly 1% to $105,234.38 at the time of writing, according to CoinMarketCap data, while Ethereum fell 1.3% to $3,561.01 and BNB was down 2.5% to $984.54.

The apex cryptocurrency gained 4.3% to $106,267.45 at the time of writing, according to CoinMarketCap data, while Ethereum rose 5.6% to $3,604.13 and XRP slipped over 8.5% to $2.48.

The disclosure, made in a filing with the Securities and Exchange Commission, reflects a 64% increase in JPMorgan’s holdings since June.

The company is offering 7.75 million shares of 10% Series A Perpetual Stream Preferred Stock at €80 each.

The last time Bitcoin hit these levels was in late June, earlier this year.

Bitcoin ETFs saw $240 million in inflows on Thursday, ending a $2 billion outflow streak since late October.

JPMorgan strategist Nikolaos Panigirtzoglou said that Bitcoin’s steep decline in October was triggered by heavy deleveraging in futures markets.

Bitcoin ETFs have seen over $2 billion in withdrawals since October 29, the second-worst streak on record.

Volatility in crypto markets led to more than $1.3 billion in long bets getting wiped out, alongside roughly $400 million in short positions, according to CoinGlass data.

The apex cryptocurrency fell 2.6% to $104,451.50 at the time of writing, according to CoinMarketCap data, while Ethereum fell 5.3% to $3,507.42 and XRP slipped over 5% to $2.27.

The apex cryptocurrency fell 2.6% to $107,486.52 at the time of writing, according to CoinMarketCap data, while Ethereum fell 4.5% to $3,724.37 and XRP slipped nearly 4%.

Bitcoin’s 17-year journey has been a tug-of-war between its decentralized, anti-establishment origins and growing institutional adoption.

CEO Phong Le said that Strategy is expanding its digital credit business internationally, aiming to become a dominant global issuer of Bitcoin-backed credit products.

The broader crypto market saw $860 million in liquidations, led by Bitcoin and Ethereum.

The apex cryptocurrency slipped 1.6% to $109,523.97 at the time of writing, while Ethereum stock fell 2.9% to $3,825.17, and BNB fell 2% to $1,095.67.

In an interview with Bloomberg, Strive CEO Matt Cole noted that Wall Street is beginning to adopt this perspective, with the “debasement trade” emerging as a broader investment strategy.

Bitcoin accounted for roughly $370 million of total liquidations, while Ethereum saw $189 million wiped out.

The overall cryptocurrency market fell 1.4% in the last 24 hours, with more than $500 million in liquidations.

Most retail traders polled on Stocktwits expect the Federal Reserve to cut rates, with 61% expecting a 25-basis-point reduction.