The MicroStrategy convertible notes, maturing in 2029, carry no regular interest and allow redemption or repurchase under specific conditions. Read original article on coincu.com
Coincu 2024-11-20 15:47
In an unprecedented move, biopharmaceutical company Hoth Therapeutics announced on Wednesday that it plans to buy $1M worth of BTC, sparking market discussions globally. The company’s Board of Directors approved the abovementioned purchase, primarily in an effort to strengthen the firm’s treasury reserve. This announcement has further gained significant traction as the flagship crypto continues The post Just-in: Hoth Therapeutics Board Approves $1M Bitcoin Buying Plan appeared first on CoinGape .
CoinGape 2024-11-20 15:46
Bitcoin’s Resurgence: Dormant Coins Reactivate Amid Rising Prices As Bitcoin (BTC) rallies towards new all-time highs, the decreasing dormancy of BTC signals significant market activity and renewed investor interest. Analysts
CoinOtag 2024-11-20 15:38
The long-awaited 2024 bull run kicked off after Trump won the November elections, with Dogecoin (DOGE) and XRP taking the lead in regions outside America. On-chain data from CoinGecko shows DOGE and Ripple’s XRP have flipped Bitcoin in parts of Asia, starting with South Korea. Data shows that trading volume in XRP and Dogecoin (DOGE)
Cryptopolitan 2024-11-20 15:35
Bitcoin dormancy is decreasing as BTC price action hits all-time highs again and again.
CoinTelegraph 2024-11-20 15:32
MicroStrategy has announced the upsizing of its note sale to a staggering $2.6 billion, a bold move aimed at acquiring more Bitcoin, reflecting growing institutional confidence in the cryptocurrency market.
CoinOtag 2024-11-20 15:31
BlackRock, the world’s largest asset manager, has officially launched options trading for its Bitcoin ETF, the iShares Bitcoin Trust (IBIT). This debut comes after the ETF received regulatory approval in January and has since attracted significant inflows. Increased Liquidity And Reduced Volatility On The Horizon According to Bloomberg, the introduction of options trading on the $43 billion iShares Bitcoin Trust is anticipated to reduce volatility while broadening Bitcoin’s investor base. Related Reading: VanEck Gives Official Backing To Donald Trump’s Bitcoin Reserve Strategy Alex Thorn, head of firmwide research at Galaxy Digital, stated during a Bloomberg Television interview that as Bitcoin becomes more widely held, its volatility is likely to decrease. “Options will help dampen volatility, and as volatility comes down, people can take larger position sizes,” he explained. Thorn noted that a decrease in volatility could shift investor sentiment, encouraging them to view Bitcoin as a viable asset for fundamental use cases rather than merely a speculative gamble. The availability of options will also enable institutions to hedge their positions more effectively, increasing liquidity and potentially impacting retail trading during bullish market conditions. Call Options Dominate BlackRock’s Bitcoin ETF On Day 1 Bloomberg ETF analysts Eric Balchunas and James Seyffart reported that on the first day of options trading, the total notional exposure for IBIT reached nearly $1.9 billion, spread across 354,000 contracts. Of these contracts, 289,000 were calls, while 65,000 were puts, resulting in a bullish call to put ratio of 4.4:1. Seyffart claimed that this overwhelming interest in call options contributed to Bitcoin hitting new all-time highs of $94,000 during Tuesday’s trading session for the market’s leading crypto. Balchunas, on the other hand, pointed out that the majority of options contracts are bullish, especially the December 20 call option, which essentially bets that the Bitcoin price will double within a month. This means that based on current prices, investors are expecting BTC to hit a new record high of little over $180,000 by that date. The put/call volume ratio for BlackRock’s Bitcoin ETF was “impressive,” according to Balchunas, who noted that the ratio of 0.17 indicates strong bullish sentiment compared to other ETFs, such as the SPDR S&P 500 ETF (SPY) with a ratio of 1.1. Related Reading: Bitcoin Reaches New High Of $94,000: Blockstream CEO Anticipates $1 Million Ahead Market expert Marty Party highlighted in a social media post that options on the iShares Bitcoin Trust will settle in actual Bitcoin. This means that when an option contract is exercised, settlement will involve the delivery of Bitcoin, giving investors direct exposure to BTC price movements without the need to interact with crypto exchanges. At the time of writing, the market’s leading digital asset is trading at $91,580, up 4% in the weekly time frame after today’s bullish move to its new high. Featured image from DALL-E, chart from TradingView.com
NewsBTC 2024-11-20 15:30
MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.
CoinTelegraph 2024-11-20 15:29
MicroStrategy continues to make headlines as it announced a significant increase in its convertible senior notes issuance, now totaling $2.6 billion for the purpose of acquiring Bitcoin. Following this announcement,
CoinOtag 2024-11-20 15:27
The potential shift in cryptocurrency regulations under a new Trump administration could significantly benefit trading platforms like Robinhood. Analysts anticipate that Robinhood’s revenue could surge, as the platform is positioned
CoinOtag 2024-11-20 15:26
Grayscale Investments has announced significant reverse share splits for its Bitcoin and Ethereum Mini Trust ETFs, which are set to enhance trading efficiency and alter their market valuations dramatically. This
CoinOtag 2024-11-20 15:24
Bitcoin (BTC) reached an all-time high yesterday with the launch of IBIT BTC ETF options. At the time of writing, BTC remains near this record level. Continue Reading: Bitcoin Reaches Record High as MicroStrategy Increases Bond Offering The post Bitcoin Reaches Record High as MicroStrategy Increases Bond Offering appeared first on COINTURK NEWS .
CoinTurk News 2024-11-20 15:22
DOGE and XRP flip Bitcoin trade in some parts of Asia
