Selasa, 31 Desember 2024

😱Is $76k BTC on the horizon?, 3 coins back from the dead in 2024


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

🐻 Bearish Bitcoin chart confirmed?

💪 MicroStrategy's big BTC buy

👉 3 coins back from the dead in 2024

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

Does bearish Bitcoin chart pattern mean $76K BTC price before Trump inauguration?

Bitcoin's price has been in a slump since hitting $108,353 on Dec. 17, and its recent drop below $92,000 has put many analysts on alert due to the looming confirmation of a bearish head-and-shoulders chart pattern.

A few daily closes below the pattern's neckline at $92,000 could be followed by a decline to the pattern's target at $79,500.

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MicroStrategy buys 2,138 Bitcoin for $209M, yield reaches 74% in 2024

MicroStrategy has bought Bitcoin for the eighth consecutive week, pushing its holdings to 446,400 BTC, worth about $41.5 billion at current market prices.

On Dec. 30, MicroStrategy announced that it added 2,138 BTC to its holdings between Dec. 23 and 29. The company said it used $209 million in cash to purchase the coins at an average price of about $97,837 per BTC.

According to a filing, MicroStrategy funded the acquisition by selling 592,987 shares during the same week.

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Crypto payments firm MoonPay secures MiCA approval in the Netherlands

MoonPay reported receiving approval to operate as a licensed crypto business in the Netherlands under the European Union's Markets in Crypto-Assets (MiCA) bill.

In a Dec. 30 notice, MoonPay said the Dutch Authority for the Financial Markets had issued the crypto firm a license in accordance with MiCA regulations. The regulatory framework, first adopted in 2023, was fully enforceable for crypto asset service providers operating in the EU as of Dec. 30.