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The world’s largest crypto asset manager is still hemorrhaging Bitcoin with the largest outflow recorded this month, however other funds are inflowing more.
Daily bitcoin mining revenue surpassed its previous 2021 high over the weekend, The Block data showed.
The price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto funds.
This represents a change in course for Trump, who previously told the BBC that bitcoin “seems like a scam.”
For the first time, a major Ethereum hard fork launches on another chain first
Telegram bot users may come out as the latest winners for Jito’s mempool suspension
The MicroStrategy chairman argued the United States, Europe and China would be much more likely to embrace Bitcoin if it were seen as digital property, not a medium of exchange.
Bitcoin started another record-setting week Monday, hitting a price of $72,846.65 according to Coinbase
- 01:20CICC: The U.S. economy is heading towards a soft landing, the Federal Reserve does not need to significantly cut interest rates for nowThe CICC research report states that the actual GDP of the United States in the third quarter of 2024 grew by an annualized rate of 2.8% quarter-on-quarter, slightly lower than the market's expected 3.0%, and also a slight drop from the second quarter's 3.0%. However, it is still an impressive performance. Looking at individual items, personal consumption expenditure was strong, corporate equipment investment expanded, exports and government spending accelerated, indicating that US economic growth remains healthy. The relatively weak areas are real estate investment and construction investment, showing that high interest rates are still having a suppressive effect. In addition, inflation fell further in the third quarter, implying that the U.S economy is heading towards a soft landing. We believe that there is no need for significant rate cuts by Federal Reserve for now; we expect a cut of 25 basis points next week with whether to skip cutting rates in December depending on how inflation progresses.
- 00:47Today's Fear and Greed Index is 77, the level remains extremely greedyToday's Fear and Greed Index is 77 (the same as yesterday), the level remains extremely greedy. Note: The fear index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market survey (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).
- 00:47MicroStrategy plans to raise 42 billion dollars in the next three years to purchase more BitcoinAccording to reports, MicroStrategy has announced its financial results for the third quarter of 2024. By the end of the third quarter, the company held 252,220 BTC with a year-to-date return rate of 17.8%. The company also announced a capital plan of $42 billion. Under the leadership of Executive Chairman Michael Saylor, it was stated that over the next three years, they will raise $21 billion in equity and issue $21 billion in bonds to purchase more Bitcoin as reserve assets with additional capital to achieve higher BTC returns. MicroStrategy's most recent disclosure was in mid-September when it announced that it had purchased an additional 7,420 Bitcoins for $458.2 million bringing their total holdings up to 252,220 BTC. As of this quarter-end, there were remaining funds totaling $891.3 million after their last financing round. MicroStrategy also raised its target range for "BTC yield" from previously set at between 4%-8% now increased to between 6%-10%.
