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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Price targets to watch as bitcoin struggles to hit $100K
Price targets to watch as bitcoin struggles to hit $100K

Ledn’s John Glover gives some price targets to watch for bitcoin

Blockworks·2024/11/27 16:55
As bitcoin treasury adoption grows, analysts say smaller-cap companies would be better served to follow MicroStrategy's lead
As bitcoin treasury adoption grows, analysts say smaller-cap companies would be better served to follow MicroStrategy's lead

Quick Take Tech giant Microsoft placed an “assessment in investing in bitcoin” as a shareholder voting item on the agenda for its annual meeting.

The Block·2024/11/27 16:00
SAND, MANA, KAIA, and EIGEN Shine as Top Low-Cap Altcoins to Watch in 2024
SAND, MANA, KAIA, and EIGEN Shine as Top Low-Cap Altcoins to Watch in 2024

SAND and MANA are up 137.48% and 96.98%, respectively in the past month. KAIA announced mini Dapps on LINE, and listing on HashKey turned KAIA bullish. EigenLayer also introduced EigenGov, providing more power to EIGEN holders.

CoinEdition·2024/11/27 16:00
Memecoin momentum fades as DeFi tokens soar, price data suggests
Memecoin momentum fades as DeFi tokens soar, price data suggests

Quick Take GMCI’s price indices show that the top memecoins have lost their upward momentum, while DeFi tokens show stronger growth. Market participants may be shifting back to tokens with fundamentals, one analyst said.

The Block·2024/11/27 16:00
Flash
  • 15:41
    A certain whale shorts Bitcoin again through two wallets, with a total position size of $30.7 million
    According to monitoring by Lookonchain, after the rise in Bitcoin price, a certain whale shorted Bitcoin again through two wallets, with opening prices of $94,893 and $94,830.5 respectively. The total short position size reached $30.7 million.
  • 15:40
    Bitcoin Records Largest Weekly Gain Since U.S. Election, Surpassing U.S. Stocks
    According to Jinshi, Bitcoin has led a rebound in risk assets, poised to post its largest weekly gain since Trump won the U.S. presidential election. As investors digest the impact of Trump's trade war, the tech-heavy Nasdaq 100 index has risen by about 5%, but Bitcoin has surged by about 12% since last week, breaking above $95,000 for the first time since early March. Jake Ostrovski, a trader at cryptocurrency market-making firm Wintermute, stated: "Despite continual turbulence, the implied correlation within cryptocurrencies remains high." "Thus, even though the overall market has improved, it's evident that macroeconomic and geopolitical forces are still the main drivers of capital flow."
  • 15:40
    CoinShares: In Q4 Last Year, Publicly Listed Mining Companies Had an Average Bitcoin Mining Cash Cost of $82,162
    According to a CoinShares article, the average cash cost for mining a single Bitcoin by publicly listed mining companies in Q4 2024 rose to $82,162, a 47% increase quarter-over-quarter. The report shows that network hash rate significantly increased in Q4, reaching a historic high of 900 EH/s, and is expected to surpass 1 ZH/s by July 2025. In response to growing competition, several mining companies are strategically shifting towards data center infrastructure and high-performance computing hosting services. Among them, Core Scientific has allocated 43% of its capacity to AI businesses, while Cipher Mining plans to dedicate 35% of its future capacity to the AI sector.
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