ONNI🎩
@onni
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Bitcoin Price Skyrockets Above $100K as MicroStrategy Announces Latest Purchase
Bitcoin surpassed $100,000, reaching a peak of over $101,000 after MicroStrategy's latest BTC purchase.
This surge defied past trends where MicroStrategy’s announcements led to short-term price declines.
The firm bought 1,070 BTC for $101 million at an average of $94,004 per coin, its smallest recent acquisition.
MicroStrategy now holds 447,470 BTC, purchased for $27.97 billion at an average of $62,503 per bitcoin.
Despite recent modest purchases, the company plans to raise $2 billion to acquire more BTC, driving market momentum. 2 replies
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Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000
Ethereum, despite being up 46% in 2024, faced a correction in December, dropping from $4,000 to below $3,400. Analyst Trader Tardigrade predicts Ethereum could surge to $8,000 by 2025, drawing parallels to its historical consolidation in 2018–2021, which preceded a massive rally. ETH's current consolidation is seen as the foundation for a strong upward move, akin to its earlier cycles. The rally might be driven by institutional demand and Spot Ethereum ETFs rather than DeFi and NFTs, which fueled 2021’s surge. Around 75% of ETH holders are now long-term investors, awaiting a move above $5,000. At $3,354 currently, hitting $8,000 would mark a 140% increase. 0 reply
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MicroStrategy’s Bitcoin Holdings Surpass the Entire Next Halving Epoch’s Mining Output
Eli Nagar highlighted that MicroStrategy’s 444,262 BTC holdings surpass the 328,125 BTC expected to be mined in the next Bitcoin halving epoch (2028–2032). Bitcoin halving, which halves block rewards every four years, ensures diminishing supply growth. The upcoming epoch will reward 1.5625 BTC per block, aligning with Bitcoin’s scarcity-driven design. MicroStrategy, under Michael Saylor’s leadership, aggressively accumulated Bitcoin since 2020, spending $27.7 billion at an average price of $62,257 per BTC. The company’s latest purchase on Dec. 23, 2024, underscores its pivotal role in the Bitcoin ecosystem and its impact on supply dynamics. 3 replies
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Bitcoin Falls as Trump-Fueled Rally Stalls — Market Talk
Bitcoin fell 1.3% to $95,292 in holiday-thinned trade, retreating from its $108,379 record high, as its rally driven by expectations of crypto-friendly Trump policies paused. Singapore’s core inflation dropped below 2% for the first time since 2021, fueling expectations of monetary easing, though economists suggest the Monetary Authority of Singapore might wait until April. The U.S. dollar rose as markets priced in cautious Fed rate cuts, with consumer confidence data in focus. The U.K.’s revised Q3 GDP showed no growth, raising recession concerns, though analysts expect economic improvement in 2025. China’s economy faces weak domestic demand despite a 5% GDP growth target, as housing and consumption challenges persist. Investors are awaiting concrete policy measures to bridge sentiment gaps in China for sustainable recovery. 1 reply
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