Bitcoin – Page 23

The companies plan to collectively pick up $3 billion worth of bitcoin this year, with MicroStrategy's targeting the purchases in Q1 2025.

Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry.

The average realized price of 2024 buyers in bitcoin was $65,901.

South Korean trading volumes supported an outperformance in XRP, as a CoinDesk analysis noted earlier this week.

The record bullish skew in MSTR options has disappeared as the bitcoin tailwind driven by the Treasury asset narrative loses momentum.

The bitcoin-buying company outperformed many other crypto-linked traditional finance entities this year.

Ether could more than double in price next year and reach at least $8,000, the report said.

Macroeconomic concerns and rampant profit-taking are weighing on the crypto market as the year comes to an end.

George Soros called it Reflexivity, but most know it as a virtuous circle, and MicroStrategy's at the moment has been broken.

The move higher will be driven by institutional, corporate and nation-state adoption, the report said.