Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

Veröffentlicht am

Saylor posts MicroStrategy’s BTC tracker: Another Buy?

  • Michael Saylor, founder of MicroStrategy, has shared the company’s Bitcoin tracker on X.
  • The market expects an annoncement that the company has acquired another chunk of BTC.
  • Bitcoin price hovered near $94,800 at the time of Saylor’s post on Dec. 29

MicroStrategy founder Michael Saylor has posted the company’s Bitcoin (BTC) tracker chart on X again.

In recent months, every such post has been followed by an announcement that the world’s largest corporate holder of the flagship digital asset had acquired another haul.

Industry experts and observers have been quick to point out that MicroStrategy is about to announce another major BTC purchase.

Noticeably, MicroStrategy has acquired additional BTC for billions of dollars in recent months, with these following such hints. The company announced it bought 27,200 BTC worth $2.03 billion on Nov. 10; another 51,780 BTC worth $4.5 billion on Nov. 17 and $5.32 billion for 55,500 BTC on Nov. 24.  The company’s buying spree also saw it add 15,350 bitcoins in mid-December.

MicroStrategy so far holds 444,262 BTC

Most recently, MicroStrategy acquired 5,262 BTC for $561 million, with the acquisition announced on Dec. 23 indicating the company bought at the average purchase price of $106,662 per bitcoin. This brought the total  BTC holdings as of Dec. 22, 2024 to 444,262 BTC, which MicroStrategy has cumulatively acquired for roughly $27.7 billion since 2020.

The average purchase price of this entire haul, its dollar cost averaging, stood at $62,257 per bitcoin at the time of writing. Per Saylor portfolio tracker, the company’s holdings stand at $42.16 billion with Bitcoin price hovering near $94,780. Overall profit is over $14.5 billion.

Here’s Saylor’s latest post on X:

Bitcoin traded above $94k on Dec. 29, holding above the level after bears rejected bulls’ advances near the $100k level. Earlier this month, bulls recovered from lows of $92k – having suffered the massive slump from above the all-time high of $108k.

While BTC price has not skyrocketed amid recent MicroStrategy buys, the market is extremely bullish amid the combination of the buy pressure, spot ETFs demand and other positive catalysts. Analysts say it could rally to $150k-$200k in 2025.

The post Saylor posts MicroStrategy’s BTC tracker: Another Buy? appeared first on CoinJournal.

Veröffentlicht am

THETA surges 10% as AI tokens rally

  • Theta Network, the decentralized cloud platform for artificial intelligence, media and entertainment, is among the top trending projects today in terms of market performance.
  • Analysts predict bullish potential for THETA price, with support expected around $1.8

Data from CoinGecko shows the native Theta Network (THETA) token has surged by more than 10% in the past 24 hours at the time of writing.

Theta‘s price gains on the day come as the broader AI sector records upward momentum. In the past day, several AI-powered projects and meme coins have increased in value as bulls target new forays ahead of a potentially defining few months.

NEAR Protocol (NEAR), Internet Computer (ICP), RENDER (RENDER), Artificial Superintelligence (FET) and Virtuals Protocol (VIRTUAL) were all in the green over the past 24 hours and week. These gains have also seen tokens such as ai16z, aixbt and Fartcoin rally, with the AI meme sector recording even higher returns in the same period as the AI agent market heats up.

What next for Theta Network price?

THETA reached highs of $2.41, retesting the resistance level seen on Dec. 24 and 25. However, the chart pattern formation to watch out for is an ascending triangle. A breakout could see Theta Network price rally nearly 50%, Rose Premium Signals recently shared via X.

If price flips negative, key support levels would be around $2.16 and below that, $1.8. Notably, THETA broke to lows of $1.76 on Dec. 20.

Decentralized cloud AI project Theta is seeing buying pressure amid this overall positive sentiment.Theta Network’s key partnerships and integrations, including recent deals with the University of Oregon’s Distopia Lab and esports platform FlyQuest, are likely catalysts.

In October this year, Dystopia Lab announced it would leverage Theta EdgeCloud in its AI research, specifically in its AI model training. Meanwhile, FlyQuest said it was teaming up with Theta to unveil an AI esports chatbot.

The post THETA surges 10% as AI tokens rally appeared first on CoinJournal.

Veröffentlicht am

VERUM hits new all-time high amid 70% spike

  • VERUM price jumped more than 70% to hit a new all-time high above $3,163.
  • The cryptocurrency’s value has increased amid key wallet integrations.

Verum Coin (VERUM) outperformed the top 500 cryptocurrencies by market cap in the past 24 hours as its price jumped 70% to hit a new all-time high.

The altcoin’s price rose as the broader market experienced a slow Christmas week, with Bitcoin remaining ranged below $95k and Ethereum, XRP and Solana all retesting key levels.

Gains push VERUM price to new high

On Dec. 29, VERUM price hit a new all-time high above $3,163 – a new ATH that meant the token’s value traded at levels over 2,200% higher than its all-time low of $131 reached in June 2024.

Verum Coin had initially plummeted from highs above $2,200 early this month and stagnated around $1,150 over the past week as BTC retraced further after paring gains from the parabolic surge to above $108k.

With the latest moves, VERUM has surged more than 179% in the past week. The current price is $1,723% up over the coin’s value at the same time in the past year.

Why is Verum Coin price up?

Verum Coin has gained amid two major wallet support integrations – likely fueling the upside momentum.

The cryptocurrency revealed Binance Wallet had added support for the token in late November. The Halo Wallet also added Verum Coin (VERUM) this month, with users getting another option to securely store and manage their coins as they explore the crypto space.

Within the Verum Coin ecosystem, the native token serves various purposes.

This includes payments for premium features, tips,  private transactions, and in-game purchases. Users also benefit from rewards, with players of the Verum Runner game able to earn V coins and convert them to VERUM and fiat currency.

The coin has a market cap of over $292 million and has recorded a daily trading volume of over $224k in the past 24 hours.

The post VERUM hits new all-time high amid 70% spike appeared first on CoinJournal.

Veröffentlicht am

Binance to support Optimism’s network upgrade

  • Optimism (OP) surged after Binance announced upgrade and hard fork support

Optimism (OP) price rose by more than 5% on Dec. 27, breaking to intraday highs of $1.89.

The gains for the native token of the layer-2 blockchain network came as the community reacted to positive news. Earlier in the day, Binance, the world’s largest crypto exchange by volume, announced it would be supporting the upcoming network upgrade and hard fork of Optimism.

Optimism’s network ugrade and hard fork takes place on January 9, 2025 at 18:00 UTC.

“Starting at approximately 2025-01-09 17:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Optimism (OP) network to support its network upgrade and hard fork to ensure the best user experience,” Binance wrote in an announcement.

OP protocol upgrade

Optimism’s network upgrade is a major milestone for the project as it targets key improvements across user experience, scalability and performance. The project said in an announcement that the protocol upgrade will drive interoperability and innovation in the OP ecosystem.

Binance’s notice of support boosts the overall sentiment around Optimism. According to the exchange, users should note that despite the changes and halting of deposits and withdrawals, OP trading on the network will remain unaffected.

As Binance notes, the exchange will handle all technical requirements for the hard fork for its users. The platform also plans to reopen deposits and withdrawals as soon as the network becomes stable.

OP price reached its all-time high of $4.84 in March 2024, which means the current value is about 61% off that peak.However, upside momentum has seen OP token’s value jump 15% in the past week.

The post Binance to support Optimism’s network upgrade appeared first on CoinJournal.

Veröffentlicht am

Bitget announces 40% BGB burn, token buyback

  • Bitget has outlined a new token buyback plan in its just released whitepaper.
  • The exchange will burn 40% of its native token BGB.
  • Future burns include 20% of exchange profits – which will be used to buy BGB off the market.

Bitget has announced plans to burn 800 million BGB tokens valued at $6.8 billion.

The exchange in its newly released whitepaper, indicates an initial token burn of 40% of its total supply. Per the details, this will be about 800 million BGB, with completion seeing the exchanges’ native token’s circulating supply drop to 1.2 billion.

Quaterly burn and BGB buyback

From early 2025, the whitepaper release indicates that Bitget will introduce quarterly burns for BGB tokens.

It will also initiate quarterly burns of 20% profits from Bitget exchange operations and Bitget crypto wallet. The funds raised through the operations will be used to buy back and burn BGB.

Recently on Dec. 26, Bitget announced a merger between Bitget Token (BGB) and Bitget Wallet Token (BWB). Following the merger, the duo will serve as a unified token. BGB becomes the new unified token for both Bitget’s centralized and decentralized ecosystem.

Key benefits

Some of the benefits BGB offers to its holders include VIP privileges, fee discount and access to token farming via Launchpool.

Bitget assured its clients that the Bitget Token and Bitget Wallet Token merger will not affect BGB token supply, with the exchange rate ranging between 11.6 BWB to BGB. Amid the news, BGB’s price rallied a notable 22% to lead top altcoin gainers in the past 24 hours.

The post Bitget announces 40% BGB burn, token buyback appeared first on CoinJournal.