Bitcoin Breaks $90,000 – Bullish Surge Seems Unstopable
Bitcoin reached yet another major milestone after it's remarkable performance since the end of the presidential elections in the US.
Bitcoin is up 5.63% in the past 24 hours and 22.05% on the weekly chary with a market cap of around $1.793 trillion. This past day BTC’s trading volume is down 35% to $102 billion.
This upswnig led to 554.7 million being liquidated from the cryptocurrency market – $350.87 million in long positions and $203.84 million in shorts.
TradingView’s 1-day technical analysis shows a very bullish santiment with the summary and moving averages pointing to “strong buy” at 16 and 13, respectively, while oscillators show “buy” at 3.
READ MORE:
MicroStrategy’s Bitcoin Bet Faces Potential Risk Amid Recession ConcernsThe total crypto market cat is currently $2.98 trillion after rising 3.29% today.
Today’s biggest gainer is the trending memecoin Peanut the Squirel ( PNUT ), which recently got a surprise listing by Binance. The altcoin has surged more than 250% in the past 24 hours, 1,300% since last week and has a market cap of around $1.7 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nintendo expands its SNES collection with Fatal Fury 2 and two more games
Share link:In this post: Nintendo Switch Online expands its SNES Switch Online basic collection with three new games. The Japanese gaming company added Fatal Fury 2, Super Ninja Boy, and Sutte Hakkun. Gamers can also get tiered access to other prolific retro game platforms through online subscriptions.
Ripple requests an extended due date of April 16 for its brief in SEC case
Share link:In this post: Ripple asked for an April 16, 2025, deadline to file its brief in the ongoing SEC case over XRP sales. The SEC appealed a 2023 court ruling that said XRP retail sales weren’t securities, claiming the decision was flawed. Ripple’s legal team dismissed the SEC’s arguments as weak, while Better Markets backed the regulator, calling Ripple’s marketing misleading.
MicroStrategy to redeem $1.05B in 2027 convertible notes with share settlements
Share link:In this post: MicroStrategy redeems $1.05B in 2027 convertible notes, offering investors the option to convert into shares before February 20. The company recently bought $1.1B in Bitcoin, fueling speculation it may use redeemed funds for additional crypto purchases. MicroStrategy faces potential tax challenges on unrealized crypto gains under the Inflation Reduction Act, though exemptions may be possible.
MicroStrategy to redeem $1.05 billion in convertible notes amid crypto tax uncertainty
A note will be converted at a rate of 7.0234 shares of MicroStrategy’s class A common stock (MSTR) for every $1,000 of the principal amount.The move could be an attempt to mitigate the firm’s debt and to entice noteholders to convert to company equity.
Trending news
MoreCrypto prices
More
