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Bitcoin’s Post-Election Gains And Market Trends: A Closer Look
Historically, Bitcoin has delivered remarkable returns in the December following U.S. presidential elections. During the last two cycles, the cryptocurrency gained 30% and 46%, respectively. If this pattern repeats, Bitcoin could end the year trading between $125,000 and $140,000. Recent market activity supports bullish sentiment. Over the past 72 hours, more than 55,000 BTC—worth an estimated $5.34 billion—have been withdrawn from exchanges. This suggests strong accumulation by investors, typically a positive sign for price momentum. However, long-term Bitcoin holders have also been taking profits as prices climbed from $62,000 to $99,000. While this might seem bearish, it’s important to note...
Marathon Digital acquires 6,474 Bitcoin, reveals $160M in cash for future dip purchases
This month has seen a surge of companies entering the Bitcoin acquisition race. Key Takeaways Marathon Digital acquired 6,474 BTC in November and has $160 million in cash reserved for potential future purchases. Marathon now holds 34,794 BTC, making it the second-largest corporate Bitcoin holder after MicroStrategy. Marathon Digital (MARA) has added an extra 703 Bitcoin, bringing the total BTC purchased in November to 6,474 BTC, according to a Nov. 27 statement. The firm has set aside $160 million in remaining proceeds to purchase more Bitcoin at a lower cost. With our 0% $1 billion convertible notes offering, we are...
Bitcoin Is Flying High—These Countries Are Considering a National Reserve
Some countries are mulling a national Bitcoin reserve amid a historic market run-up that has pushed the world’s largest cryptocurrency to new heights in recent weeks. United States President-elect Donald Trump and his allies have repeatedly thrown their support behind a bill to stock the Federal Reserve with the asset, and will soon be in position to potentially make that a reality. Government officials in Brazil have also put forth legislation to realize that possibility, while politicians in Poland and Russia have endorsed the idea of adding the digital currency to their nations’ balance sheets. El Salvador led the charge...
