Jumat, 06 Desember 2024

Can the BTC rally continue?, Worksport stock wins with BTC and XRP


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

🤔 Will the Bitcoin rally continue?

👉 Worksport stock wins with BTC and XRP

📺 500K BTC? - U.S. Reserves could make it happen.

📰 Keep reading to find out more about all of today's top stories

Bitcoin futures premium hits 8-month high — Will the BTC rally continue?

Bitcoin futures trade with a 20% annualized premium, levels not seen since March. Will the BTC rally continue?

Bitcoin's surprising 9.4% rally between Dec. 4 and Dec. 5 pushed the price to a new all-time high above $100,000. This movement was followed by a surge in demand from leveraged buyers, prompting traders to question whether the rally is sustainable and how whales and market makers are positioned.

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Worksport stock jumps 9% after adding BTC, XRP to treasury strategy

Worksport plans to dedicate up to 10% of its surplus operational cash to purchase Bitcoin and XRP.

Shares of United States manufacturer Worksport (WKSP) surged 9.1% on Dec. 5 after the company decided to incorporate Bitcoin and XRP into its treasury strategy.

According to an announcement, Worksport plans to allocate up to 10% of any excess cash from operations to purchase Bitcoin with an initial investment of up to $5 million. Taking this step, the company expects to hedge against inflation while diversifying its treasury.

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MicroStrategy's Bitcoin buys clock $17B profit

MicroStrategy's Bitcoin treasury is worth more than $40 billion after BTC surpassed $100,000 per coin.

MicroStrategy's (MSTR) Bitcoin buying spree has earned more than $17 billion in unrealized profits, according to data from MSTR Tracker.

Originally a software company, MicroStrategy has bought upward of $23 billion worth of BTC since 2020 as part of founder Michael Saylor's unconventional corporate treasury strategy, according to MSTR Tracker, a Microstrategy database.

'Normie degens' go all in on sports fan crypto tokens for the rewards

"Many people spend hours on social media or playing Candy Crush — I spend time on fan tokens. What's the problem?" asks one sports token superfan.

Bitcoin in U.S. Reserves: Could It Drive Prices to $500K?

📺CT on YouTube

In this video, we explore the bold idea of the United States establishing a Strategic Bitcoin Reserve under Donald Trump's potential second term. With over 200,000 Bitcoin already in government possession, could this plan revolutionize the U.S. economy and send Bitcoin's price soaring to $500,000—or even $1 million?

Let's dive into the details of Senator Cynthia Lummis's Bitcoin Act, state-level Bitcoin adoption, and what this could mean for the future of global finance.