Bitcoin & Crypto Trading

💰 Alabama state auditor calls to establish Bitcoin reserve

State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.

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💰 Bitcoin Permabull Max Keiser Hints at Muslim World Petrobitcoin Announcement

Max Keiser, an international journalist and cryptocurrency advisor to the Bukele administration in El Salvador, has hinted at an upcoming announcement for the Muslim world regarding bitcoin. On social media, Keiser, now in Abu Dhabi, recalled the first time he declared that bitcoin complied with Sharia law, stressing it was no “riba,” meaning it doesn’t represent usury. “The Muslim world is minutes away from massive, global bitcoin FOMO.

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💰 Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea

Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ The idea of a national Bitcoin reserve surfaced during the Bitcoin 2024 conference earlier this year, where both Trump and Robert F. Kennedy Jr. made keynote speeches, along with several lawmakers, including Senator Cynthia Lummis (R-WY), who introduced the “Bitcoin Act” legislation proposing the creation of such an institute at the event.

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

Bitcoin’s (BTC) recent breach of the $100,000 price level has sparked discussions among analysts about market conditions and potential risks — 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 for potential price increases.

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💰 Fed chair Powell views Bitcoin as digital gold, not a dollar competitor

The Federal Reserve Chairman Jerome Powell dismissed the notion of Bitcoin as a replacement for the U.S. dollar, instead framing the leading crypto as a speculative asset comparable to gold. Powell shared his insights during an appearance at The New York Times DealBook Summit in Manhattan, emphasizing Bitcoin’s volatility and limited use as a form of payment or store of value.

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💰 Metaplanet continues to emulate MicroStrategy with planned $62M Bitcoin expansion

Tokyo-listed investment firm Metaplanet plans to raise 9.5 billion yen (approximately $62 million) to strengthen its Bitcoin portfolio. In a Nov. 28 statement, the company revealed that the funds will be raised through its 12th Series Moving Strike Stock Acquisition Rights. These rights will be allocated to EVO FUND via third-party allotment between Dec. 17, 2024, and June 16, 2025.

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💰 MicroStrategy’s Bitcoin treasury swells to 386,700 BTC en route to 4% of total supply

MicroStrategy has purchased a staggering 135,000 Bitcoin (BTC) in three transactions. These acquisitions amount to 35% of the company’s total BTC holdings and underline its ongoing commitment to Bitcoin as a core asset. On Nov. 25, the company disclosed its largest Bitcoin acquisition, buying 55,500 BTC for $5.4 billion. This purchase—detailed in a filing with the US Securities and Exchange Commission (SEC)— equates to an average price of $97,862 per Bitcoin.

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💰 US spot bitcoin ETFs top $30 billion in cumulative inflows as BTC nears $100,000

U.S. spot bitcoin exchange-traded funds have reached over $30 billion in cumulative total net inflow for the first time since launching in January. The bitcoin ETFs have seen elevated amounts of trade volume and net inflows amid bullish market sentiment following the re-election of former president Donald Trump. The funds saw their total net asset value surpass the $100 billion milestone on Wednesday.

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💰 Bitcoin ETFs bring in over $6 billion in November after another $1 billion day

Bitcoin exchange-traded funds have attracted over $6 billion in November, including more than $1 billion on Nov. 21. Farside data shows total inflows reached $6.165 billion as of Nov. 21, with IBIT leading at $4.683 billion and FBTC following with $1.050 billion. On Nov. 21 alone, inflows amounted to $1.005 billion, marking a significant uptick in investment.

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💰 MicroStrategy completes its $3 billion debt offering to buy more bitcoin

MicroStrategy has completed a $3 billion debt offering to buy more bitcoins, according to an announcement on Thursday. According to the announcement, the offering was completed within three days. MicroStrategy initially sought to raise $1.75 billion but upsized the sale to $2.6 billion with an option for the initial purchasers to buy an additional $400 million in aggregate principal amount of the notes.

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💰 Bitcoin’s independence from S&P 500, Nasdaq grows post-election

Bitcoin, once seen merely as a speculative risk-on asset, is challenging its traditional market ties. Over the past three months, Bitcoin has outpaced the S&P 500 and Nasdaq, surging 58.79% compared to their modest gains. After the US presidential election, Bitcoin's performance reached new heights, breaking away from these indices.

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💰 Spot Bitcoin ETF options set to debut this week following OCC approval, analysts predict

The Office of the Comptroller of the Currency (OCC) stated in a Nov. 18 memo that it is “preparing for the clearance, settlement, and risk management” of options trading on BlackRock’s spot exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT). Alison Hennessy, head of ETP listings at Nasdaq, said during an appearance on Bloomberg that the exchange intends to list and trade options on IBIT “as soon as tomorrow.”

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💰 Marathon Digital eyes Bitcoin growth with $700 million in convertible notes

Bitcoin miner Marathon Digital plans to privately issue $700 million in convertible senior notes due in 2030, according to a Nov. 18 statement. The offering, subject to market conditions, includes an additional $105 million purchase option for initial buyers within 13 days of issuance.

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💰 Long-term holders are locking in profit after Bitcoin’s rally to new ATHs

Since Nov. 12, the Bitcoin market has entered a phase of significant profit-taking, with daily realized profits averaging around $5 billion — marking the highest profit levels in over a month, according to CryptoQuant data. On Nov. 12, Bitcoin investors recorded $5.1 billion in profits as the asset traded near $88,000. By Nov. 13, profits declined slightly to $4.75 billion but rose again to $4.8 billion on Nov. 14, with Bitcoin’s price reaching a new all-time high above $93,000.

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💰 CME Bitcoin Friday Futures experience notable increase in institutional demand

The Chicago Mercantile Exchange (CME) has reported a notable increase in activity for its new Bitcoin Friday Futures (BFF) weekly contracts, underscoring growing institutional interest and enhanced retail access in the digital asset market. Since their launch on September 30, over 380,000 BFF contracts—worth more than $500 million—have traded, and the product has achieved an average daily volume of 12,400 contracts, representing $16.9 million in notional value, according to CME Group Global Head of Cryptocurrency Products Giovanni Vicioso.

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💰 Ex-TD Ameritrade CEO says Bitcoin is ‘here to stay,’ foresees significant growth

Joe Moglia, former CEO of TD Ameritrade, projected that Bitcoin (BTC) is primed for substantial growth, reinforcing its position as a vital asset in the global financial landscape. Moglia made the statement during a CNBC interview on Nov. 14, where he highlighted a fundamental shift in institutional attitudes toward digital assets as regulatory conditions evolve under President Donald Trump’s administration.

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💰 Bitcoin breaks yet another all-time high, now testing $93,000

Bitcoin surged to a new all-time high of $91,831, breaking past its previous peak of $89,900, which had reached just a day earlier. The top digital asset is now trading at $91,800, with a 24-hour gain of 6.91%, positioning its year-to-date growth at 117%. The broader market responded similarly, pushing the global digital asset market cap to $3.02 trillion, with Bitcoin dominance at 59.6%.

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@Bitcoin_Blockchain_Trading