Author: Crypto News
Trump Media & Technology Group (TMTG), the company behind former President Donald Trump’s social media platform Truth Social, is reportedly in advanced negotiations to acquire cryptocurrency exchange Bakkt. This potential deal marks a significant move for TMTG as it seeks to expand its presence in the digital asset space. Market Reaction The news of the potential acquisition had a dramatic impact on the stock market: TMTG’s stock (DJT) surged by over 16% following the report. Bakkt’s shares (BKKT) skyrocketed by an astonishing 162%, leading to multiple trading halts due to volatility. This market reaction underscores the significance of the potential…
The momentum behind spot Bitcoin exchange-traded funds (ETFs) shows no signs of slowing down, as recent data reveals another day of substantial inflows. According to Sosovalue, spot Bitcoin ETFs saw an influx of $165 million in the last 24 hours, with data from industry giant BlackRock yet to be included. Sustained Investor Interest This latest round of inflows underscores the persistent appetite for Bitcoin exposure through regulated investment vehicles. Since their launch earlier this year, spot Bitcoin ETFs have consistently attracted significant capital, reflecting growing institutional and retail interest in the cryptocurrency space. MicroStrategy’s Bold Move Adding fuel to the…
The cryptocurrency market has reached a new milestone as its total market capitalization hit $3.08 trillion, representing a 1% increase from the previous day. This surge in value comes amid heightened trading activity, with the global trading volume jumping 28% to $198 billion. Bitcoin Leads the Charge Bitcoin, the world’s largest cryptocurrency by market cap, continues to dominate the market. The flagship digital asset is currently trading at $91,640.21, registering a 24-hour gain of 0.93% Bitcoin’s market dominance stands at 59.5%, underlining its position as the leading cryptocurrency. Altcoins Show Strong Performance While Bitcoin remains the primary driver of the…
Hedera (HBAR) and Tezos (XTZ) have emerged as top performers in the cryptocurrency market, with both tokens experiencing significant price surges in the past 24 hours. Hedera leads the pack with an impressive 44.05% gain, while Tezos follows closely with a 30.05% increase. Hedera (HBAR) Skyrockets on ETF Filing News Hedera’s native token HBAR has seen a remarkable price surge, climbing to $0.115975 with a 24-hour trading volume of $2.20 billionThe token’s market capitalization has risen to $4.15 billion, solidifying its position in the crypto marketKey Factors Driving HBAR’s Growth: ETF Filing: Canary Capital submitted an S-1 registration to the…
Bitcoin, the world’s leading cryptocurrency, has solidified its position around the $91,000 mark, demonstrating resilience and continued bullish momentum in the crypto market. As of the latest data, Bitcoin is trading at $91,693, showing a 1.33% increase over the past 24 hours. Market Performance and Key Metrics Bitcoin’s recent performance has been nothing short of remarkable, with the cryptocurrency experiencing significant gains throughout November. The digital asset has been trading in a range between $90,374 and $92,159 over the past day, indicating strong support at the $90,000 level. This stability near all-time highs suggests growing confidence among investors and a…