BTC prices hit a record high of $106,866 recently. The UK FCA warned about the unregistered Retardio Coin. Continue Reading: New Developments Emerge in the Cryptocurrency Market The post New Developments Emerge in the Cryptocurrency Market appeared first on COINTURK NEWS .
Bitcoin (BTC), the world’s leading cryptocurrency, soared to an unprecedented all-time high of $107,140, driven by a confluence of factors reshaping global markets. Bitcoin Smashes Records: $107,140 and Counting This latest price milestone on Monday highlights the growing prominence of digital currencies as mainstream financial assets. Key contributors to bitcoin‘s surge include increased institutional adoption
As BTC hovers near its new all-time highs, the Bitcoin network hashrate has also seen record-breaking figures. The network’s 7-day simple moving average hashrate recorded an all-time high of 805 EH/s on December 15th. The Bitcoin network hashprice also made new highs of $64.53/PHS/Day. The network’s hashrate has registered record-breaking numbers following BTC’s rising value against fiat currencies such as the US dollar and U.S. dollar-pegged stablecoins. The digital asset is trading at $107,080, according to data from CoinMarketcap. Hashrate Index shows BTC network hashrate has hit a new all-time high Both Bitcoin price and mining difficulty have hit a new all-time high today. 🚀 pic.twitter.com/RHNyyLTx0W — Dr. Jan Wüstenfeld (@JanWues) December 16, 2024 Data from Hashrate Index shows that the Bitcoin network’s seven-day simple moving average network hashrate hit an all-time high of 805 EH/s on December 15th. The current reading outperformed the previous high of 789 EH/s recorded on 22nd November. Bitcoin miners also seem to reap better revenue as the asset’s prices continue to surge. Data from Hashrate Index shows that the Bitcoin hashprice index also surged to $64.53/PHS/Day on December 16th, a figure last seen earlier this month. The increasing hash power has caused fluctuations in block times that have dropped below the ten-minute average. According to BitInfoCharts , Bitcoin’s block time has dropped below ten minutes six times since December 1st, with the lowest figure being 8.471 minutes recorded on December 13th. A chart from Glassnode shows that Bitcoin mining difficulty has also increased significantly, hitting new all-time highs. The higher difficulty enhances the Bitcoin network’s security, making it more resilient and less prone to attacks. Marathon Holdings increases MoM mining production by 26% Amid the rising Bitcoin hashprice, leading BTC mining companies registered positive mining results in November. Marathon Holdings announced November was a record-breaking month that saw the miner mine 907 BTC, increasing production by 26% month-over-month. The miner also declared that it had bought an additional 6,474 Bitcoin in November. At the time of this publication, the miner’s total Bitcoin balance is 40,435 Bitcoin worth $4.02 billion as per data from Bitcoin Treasuries. Marathon is the second largest corporate Bitcoin holder after Microstrategy. Riot Platforms Bitcoin mining hit 495 BTC in November On the other hand, Riot Platforms announced it mined 495 Bitcoin in November. The miner also purchased an additional 5,117 Bitcoin worth about $510 million at an average of $99,669 per Bitcoin on December 13th. The miner bought the asset between December 10th and December 12th, bringing its total Bitcoin holdings to 16,728, worth about $1.74 billion at current BTC prices. The U.S.-based mining firm currently ranks third among major corporate Bitcoin holders, including software company Microstrategy and Bitcoin mining firm Marathon Digital Holdings. Core Scientific revealed in its November operations update that it had mined 314 Bitcoin, a lower figure than October’s 369 self-mined Bitcoin. The company also announced it had earned about 29 Bitcoin hosting customers. The announcement also revealed that the miner sold 272 Bitcoin for approximately $23.2 million. CleanSpark announced it had mined 622 Bitcoin in November with an average hashrate of 32.32 EH/s. The miner reported having 9,297 Bitcoin as of November 30th. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The all-time high price record, which came after the Bitcoin price climbed above $106,000 overnight, was broken again in the last minutes. According to Binance data, the world's largest cryptocurrency broke its all-time high price record at $106,648 at 03:39 last night. With the latest rise, it was updated to $106,866. The reason for the rise is thought to be the cryptocurrency-friendly President Donald Trump's inauguration on January 20, the Fed's interest rate cut on Wednesday, and the general positive atmosphere in the cryptocurrency market. Related News: BREAKING: Date Has Been Set In A Major Development For Ripple With the incoming bull rally, the BTC price gained 2% in the last 24 hours. On the other hand, the big rally in question has not yet fully shown itself in altcoins. Most altcoins have not shown double-digit increases in the last 24 hours. Among the top 100 cryptocurrencies, altcoins with double-digit appreciation were recorded as VIRTUAL and BGB. On the other hand, there was a short-term pump for Ripple’s XRP due to the news that the RLUSD stablecoin will be launched on December 17. The world’s largest altcoin, Ethereum, is trading just below the $4,000 mark. *This is not investment advice. Continue Reading: Bitcoin Price Soars Again, Breaking the All-Time Price Record – Here is the Latest Data
MicroStrategy, the Michael Saylor-founded software firm and self-described “Bitcoin Development Company,” announced today that it had acquired even more Bitcoin, spending roughly $1.5 billion in cash. The announcement follows Friday’s news of MicroStrategy becoming the first BTC-centric company to secure entry into the Nasdaq-100 Index. The company’s entry will connect index investors to Bitcoin exposure. MicroStrategy Just Bought Another $1.5 Billion Worth Of Bitcoin MicroStrategy disclosed Monday morning that it had bought a further 15,350 BTC at an average price of $100,386 per BTC, totaling $4.6 billion. According to an 8-K filing , the Bitcoin was purchased between Dec. 9 and 15. The latest acquisition has pushed the size of MicroStrategy’s Bitcoin stash to a new all-time peak. As of press time, MicroStrategy holds an eye-watering 439,000 Bitcoin, or roughly 2% of the total supply of Bitcoin that will ever be created, with approximately 19.7 million BTC of the total 21 million supply currently circulating. The firm’s overall average purchase price is $61,725 per BTC. The software company’s Bitcoin stockpile was acquired for $27.1 billion in total, but thanks to the parabolic price rally this year, it’s now worth almost double that at $45.6 billion. Bitcoin’s price has been skyrocketing since Donald Trump clinched a second term as the President of the United States . The crypto-friendly candidate made a slew of promises to the industry. The orange coin has shattered all-time high prices multiple times in recent weeks, with its latest peak being $106,418. MicroStrategy To Officially Join Nasdaq 100 Next Monday Meanwhile, Nasdaq recently announced that MicroStrategy stock will be included in the Nasdaq-100 Index, fortifying its position among a select group of non-financial firms. MicroStrategy is expected to officially join the index on Dec. 23 before the market opens. For Bitcoin fans, this milestone is a moment of vindication, demonstrating how far the crypto industry has come in garnering institutional recognition. MicroStrategy’s MSTR stock jumped on news of the imminent listing and the recent BTC purchase in pre-market trading 3% and is currently trading at $422 a share, according to MarketWatch .
MicroStrategy ($MSTR) has just purchased an additional 15,350 BTC for $1.5 billion, paying an average of $100,386 per Bitcoin, according to its lat...
Michael Saylor, the co-founder and Executive Chairman of MicroStrategy — a publicly-listed firm that holds more BTC in its treasury than any other company— has shared a bullish statement as the premier cryptocurrency recorded its new all-time high price. Saylor posted a Bitcoin-moon-themed post as BTC surged to over $106,000 on Sunday before retreating slightly. Bitcoin Soars Above $106,000 The price of Bitcoin surged nearly 5% on Dec. 15 to print a new lifetime high above $106K. BTC topped out at $106,352 but has since retraced slightly to $105,764 at publication time, according to CoinGecko data. The top crypto asset is now up more than 149% in a year and 16.5% higher over a 30-day time frame. The price jump came amid speculation that President-elect Donald Trump could issue an executive order establishing Bitcoin as a reserve asset on his first day of office on January 20. “There’s potential to use a day-one executive order to purchase Bitcoin,” Strike CEO Jack Mallers said during a recent interview , adding that while it’s unlikely to be the size and scale of a staggering 1 million coins, it would be a massive position. Notably, crypto-friendly senator Cynthia Lummis already introduced the Bitcoin Act of 2024 in July, proposing that the Treasury and Federal Reserve buy 200,000 BTC per year for at least five years, accumulating a whopping 1 million Bitcoin. The BTC stockpile would be held for roughly 20 years, thus pulling 5% of the alpha crypto’s total supply from circulation. Saylor’s Bullish Reaction Reacting to Bitcoin’s fresh all-time high price mark, MicroStrategy’s Michael Saylor posted an AI-generated image of himself as an astronaut who landed on the moon and planted an orange flag with a BTC logo. “I will see you on the moon. #Bitcoin,” Saylor stated . Members of the BTC community responded to Saylor’s tweet positively, voicing their excitement and bullish fervor. “Moon mission confirmed. See you there, captain. #Bitcoin,” one wrote . MicroStrategy has been purchasing Bitcoin since 2020. Saylor, the orchestrator of MicroStrategy’s Bitcoin investment strategy, believes the world’s largest crypto by market cap is the best long-term investment. The Tyson, Virginia-based firm now holds 423,650 BTC — worth about $43.8 billion at the current price, according to Bitcoin Treasuries data . Saylor has proclaimed that the firm won’t stop buying anytime soon, saying he’s “confident” he’ll still buy Bitcoin at $1 million .
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Bitcoin Energy Value, indicator of electricity price for Bitcoin (BTC) mining network, reaches $100,000
Ripple has announced the date for the much-anticipated launch of its RLUSD stablecoin. The crypto firm also provided key details on the exchanges that the stablecoin will be available upon launch. Ripple To Launch RLUSD On December 17 In a press release , Ripple announced that the Ripple USD (RLUSD) will launch tomorrow, December 17. The stablecoin will be available on global exchanges such as Uphold, Bitso, MoonPay, Archax, and CoinMENA. In the coming weeks, the stablecoin will be available on platforms such as Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, and Zero Hash. The crypto firm mentioned that each RLUSD token is fully backed by US dollar deposits, US government bonds, and cash equivalents to ensure stability, reliability, and liquidity. For Transparency purposes, Ripple announced that it would publish monthly third-party attestations of RLUSD’s reserve assets carried out by an independent auditing firm. However, amid this launch announcement, Ripple CTO David Schwartz raised the possibility of the stablecoin’s not being pegged to the dollar due to supply shortage. Commenting on the RLUSD launch, Ripple CEO Brad Garlinghouse said, “Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide. As the US moves toward clearer regulations, we expect to see greater adoption of stablecoins like RLUSD, which offer real utility and are backed by years of trust and expertise in the industry.” The post Breaking: Ripple To Launch RLUSD On December 17 appeared first on CoinGape .