dreamers

@dreamers

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Cryptocurrency-related stocks surged in premarket trading Thursday after Bitcoin surpassed $100,000 for the first time overnight. Leading the push is MicroStrategy, whose stock has risen significantly in response to Bitcoin's spectacular surge. MicroStrategy soared 6.1%, while Robinhood Markets (NASDAQ:HOOD) and Coinbase Global (NASDAQ:COIN) rose 4.3% and 3.5%, respectively. Mara Holdings and Riot Platforms (NASDAQ:RIOT) increased approximately 6% and 4%, respectively, according to CNBC data.

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As Bitcoin flirts with the $100K milestone, the crypto market is gearing up for the next cycle. Historically, this surge in BTC’s value leads to altcoins pumping, followed by liquidity flowing into the memecoin sector. With this momentum, memecoins offering compelling narratives and valuable utilities become the focal point for investors. Pepeto, the God of Frogs, is emerging as a standout contender, nearing $1 million in its presale phase and attracting holders of Pepe, Shiba Inu, and Dogewithat. Positioned to adopt all next-generation memecoins through its dedicated exchange, Pepeto is emerging as a project and gaining notable attention.

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Bloomberg Terminal, on the X social media network, has reported that the MicroStrategy giant founded and spearheaded by Bitcoin evangelist Michael Saylor has just announced another step for increasing its BTC holdings. According to the X post, the company has increased its initial recently announced $1.75 billion notes offer to $2.8 billion. The proceeds will be used to purchase an additional Bitcoin batch.

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Bitcoin rose sharply on Tuesday, extending recent gains and notching new peaks as bets on friendlier regulation under a Donald Trump presidency continued to boost crypto markets. The world’s biggest cryptocurrency has been on a tear since last week after Trump won the 2024 presidential election. Bitcoin has also largely sustained its rally despite signs that risk appetite was cooling in other asset classes, especially stocks.

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Michael Saylor, co-founder of the MicroStrategy giant and a vocal Bitcoin evangelist, has shared an extract from the recent appearance Tom Lee made on CNBC’s Squawk Box show. Fundstrat’s co-founder and head of research made a bullish Bitcoin price prediction, expecting BTC to reach a “six-figure” level this year.

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The cryptocurrency has recently surged to remarkable new heights, and now its RSI (Relative Strength Index) is displaying a flattening effect at the top. This pattern is comparable to a double-top pattern in conventional RSI analysis, in which the RSI reaches comparable high levels, twice forming a ceiling of sorts. Double tops frequently indicate a possible reversal on conventional price charts, but in the case of RSI they might actually reinforce the notion of trend continuation rather than reversal. The fact that Bitcoin's RSI is currently in the 70-80 range indicates that the asset is slightly overbought but still holding firm. Historically prolonged bullish periods rather than abrupt declines have frequently accompanied Bitcoin's RSI rising above 70. Strong buying momentum is indicated by the fact that it is holding at this level without experiencing a significant correction.

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Bitcoin steadied near recent peaks on Thursday, as Donald Trump’s victory in the 2024 presidential election sparked sharp gains in cryptocurrencies on the prospect of friendlier crypto regulations. But while Bitcoin’s rally cooled, other major altcoins extended their recent gains, given that they were still trading at a significant discount to their 2021 record highs. Bitcoin climbed to $74,809.0 by 09:18 ET (14:18 GMT). The world’s biggest crypto surged to a record high of $76,401.4 on Wednesday.

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The Bitcoin mining industry is facing some tough times, with the average cost to produce a BTC reaching $96,100 for publicly traded miners when including non-cash costs such as depreciation and stock-based compensation, according to a report by CoinShares analyst James Butterfill. As the data shows, average cash costs rose to $49,500 per BTC in Q2, 2024, up from $47,200 in Q1, and there's no stopping it. The reason is that mining conditions are becoming more complex and capital intensive.

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The key Fed inflation rate reached 2.1% in September, as expected, bringing it closer to the Fed's target. Inflation rose slightly in September, moving closer to the Federal Reserve's target, according to a Commerce Department report released Thursday. The personal consumption expenditures price index increased 0.2%, seasonally adjusted for the month, while the 12-month inflation rate was 2.1%, in line with Dow Jones projections.

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The recent jump in the price of Bitcoin (BTC) to $73,620, almost reaching its all-time high from March, has led to some interesting insights from notable analysts, including veteran trader Peter Brandt. Many consider Brandt a trading legend. He is known for his disciplined approach to technical analysis, which he has been doing since the 1970s. He also shared his thoughts on the outlook for the main cryptocurrency's current market. Plus, he hinted at a research project he is working on. The goal is to uncover "real classic patterns" in the price history of Bitcoin. The project will focus on chart structures unique to the cryptocurrency's market cycles.

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It looks like U.S. spot Bitcoin ETFs are about to hit a major milestone, as Bloomberg's Eric Balchunas thinks that Bitcoin held by these funds could cross the one million BTC threshold by next Wednesday. This means that ETF issuers could overtake Satoshi Nakamoto's alleged 1.1 million BTC holding by mid-December - a huge moment for the cryptocurrency world. This timeline is picking up speed thanks to the current trend of adding about 17,000 BTC per week to these ETFs. But market conditions could change this, either pushing it back or speeding it up.

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Cardano founder Charles Hoskinson has teased an ambitious plan to enhance Bitcoin’s ecosystem by relaunching the Bitcoin Education Project in 2025 and introducing advanced resources for Bitcoin developers. Hoskinson started The Bitcoin Education Project in 2013, providing free, peer-reviewed content on Bitcoin and the digital asset environment. Now, as he noted in a tweet, with Bitcoin “back in the family,” he intends to relaunch the Bitcoin Education Project in 2025 as well as develop a new edition of his course in the educational program.

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As reported by U.Today, Microsoft (NASDAQ:MSFT) shareholders are gearing up for a big December vote on a proposal to diversify the company's balance sheet, by including major cryptocurrency Bitcoin (BTC). This development is generating interest in the space as crypto enthusiasts consider the implications of such a decision. Anthony Pompliano has reacted to the news, indicating that Microsoft's consideration of Bitcoin comes from a broader recognition that holding cash in dollars may not be sustainable long term. The cryptocurrency is becoming more and more attractive as a digital store of value, says the entrepreneur, as more entities look for ways to save the value of their assets amid uncertain inflationary conjecture.

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The price of major cryptocurrency Bitcoin (BTC) could soon reach six figures if this pattern plays out as expected. The vision of crypto investor and analyst, known in the community by the nickname Eljaboom, suggests such a possible development. Thus, reacting to the approaching golden cross on the hourly chart of Bitcoin, Eljaboom asked his audience whether they think it is possible for the main cryptocurrency to reach the coveted $100,000 mark. In addition, the analyst outlined the path that the price of BTC could take if such a scenario were to materialize.

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Decentraland, the first decentralized virtual social world, launched a powerful new desktop client today, signaling a new era for experiencing spatial environments. This beta release enhances performance, delivers a more immersive environment, and introduces new engaging features, setting the stage for future innovations and expanded creator tools. This milestone marks the shift away from a browser-based experience, replaced by a more stable, Unity-powered desktop client and the new Creator Hub, aligning with Decentraland

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Sui, the Layer 1 blockchain known for its industry-leading performance and scalability, today announced the opening of its first SuiHub in collaboration with Ghaf Group, the leading blockchain partner in the MENA region. The center will be the first of several planned hubs worldwide, with Dubai strategically chosen as the first SuiHub location due to its thriving tech ecosystem and commitment to innovation. The new hub, located in Expo City Dubai, will play a pivotal role in Sui’s mission to build a global network of Sui workspaces and community centers that empower builders to create decentralized applications and advance blockchain technology.

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According to on-chain data, a long-dormant Bitcoin whale has reemerged just as Bitcoin (BTC) briefly touched the $69,000 mark. Blockchain data tracker Whale Alert reported that a Bitcoin wallet that had remained dormant for over 10 years has now been reactivated: "A dormant address containing 25 BTC worth $1,711,020 has just been activated after 10.8 years."

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$DOG of Bitcoin announces the release of its limited-edition $DOG Plushie, set to launch on October 19, 2024, an occasion now being called "$DOGTOBER 19." These collectible plush toys provide fans and newcomers with a tangible connection to the $DOG ecosystem, bridging the digital world of cryptocurrency with a physical collectible designed for both enjoyment and community engagement.

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Anthony Pompliano, well-known Bitcoin advocate and CEO of Professional Capital Management, has made a brave prediction regarding the future of Bitcoin and its relationship to Wall Street. Speaking on "The Big Money Show," Pompliano emphasized that traditional finance players are overthinking the simplicity of the cryptocurrency, which in his opinion will ultimately lead to a massive shift of capital into Bitcoin.

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Bitcoin’s price rose on Thursday, hovering near three-month highs as speculation over a second Trump presidency, friendlier regulation and improved capital inflows boosted cryptocurrency markets over the past week. Bitcoin rose 0.5% to $67,328.4 by 01:05 ET (05:05 GMT), after briefly breaching $68,000 earlier this week. The token had broken reliably out of a tight $50,000 to $65,000 trading range seen through most of the year.

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