'Whale' MicroStrategy Increases Reserve to 450,000 Bitcoin
The world's largest Bitcoin holding company MicroStrategy has been buying for 10 consecutive weeks to increase its total inventory to 450,000 BTC, equivalent to more than 42.5 billion USD
The world's largest Bitcoin holding company MicroStrategy has been buying for 10 consecutive weeks to increase its total inventory to 450,000 BTC, equivalent to more than 42.5 billion USD
Predicting that Bitcoin price would go down, Hoai Phong decided to "short" on the evening of November 21, but the next morning, he received an email notifying him that his account had been "burned".
After Elon Musk was chosen by Donald Trump to head the Office of Government Efficiency (DOGE), the price of the cryptocurrency Dogecoin skyrocketed.
Bitcoin's sharp increase in price in recent weeks has caused searches for this digital currency on Google to spike.
El Salvador and Bhutan are seen as two countries that benefit from the sharp rise in Bitcoin prices, as both own large amounts of this cryptocurrency.
From morning to early afternoon, Bitcoin increased sharply by 6,000 USD, setting a new record of more than 75,300 USD on the day the US counted votes for the presidential election.
Cryptocurrency players are on edge as some tokens plunge in value after $9 billion worth of Bitcoin was transferred from Mt. Gox wallets in just a few hours.
Bitcoin history has never seen the price peak before halving like this year and the explosion of meme coins is breaking most of the old rules of the market.
Software firm MicroStrategy is still betting on Bitcoin, buying more than 9,200 more coins last week.
Prosecutors called Sam Bankman-Fried a greedy, villainous businessman, but the FTX founder's lawyer painted a different picture.