Bitcoin is predicted to hit its peak in 8-11 months due to increasing investor greed, a sign of an approaching market top 📈

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Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge 💧

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Bitcoin Temporarily Drops Below $97,000🪙

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Musk's net worth has grown by 52% this year, reaching a total of $347.8 billion, hitting a new all-time high.🤩

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South Korea's Financial Services Commission (FSC) said they won't consider establishing a national Bitcoin reserve, explaining they need to first observe other countries' reaction to U.S. President-elect Donald Trump's crypto adoption plan before deciding.🇰🇷

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The largest Korean crypto exchange Upbit hit $14bn in trading volume on both Saturday and Sunday, equivalent to the whole Korean stock market volume.

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Singapore Gulf Bank is actively seeking to raise at least $50m in a funding round, with plans to acquire a stablecoin payments company in the first quarter of next year.

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MicroStrategy has significantly expanded its Bitcoin holdings, acquiring an additional 55,500 BTC for approximately $5.4bn at an average price of $97,862 per Bitcoin.

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🗞 November 25, 2024 cryptocurrency news highlights

【Cryptocurrency】
Michael Saylor hints potential further 💰 Bitcoin acquisitions, indicating a continuation of the company's substantial investment strategy in the cryptocurrency

【Economy】
South Korea's Financial Services Commission (FSC) said they won't consider establishing a national Bitcoin reserve, explaining they need to first observe other countries' reaction to U.S. President-elect Donald Trump's crypto adoption plan before deciding.🇰🇷

🇸🇬Singapore Gulf Bank is actively seeking to raise at least $50m in a funding round, with plans to acquire a stablecoin payments company in the first quarter of next year.

【Indicators】
Here’s what 7 years, 10 months, and 12 days of $30-a-day DCA looks like👀

MicroStrategy has significantly expanded its Bitcoin holdings, acquiring an additional 55,500 BTC for approximately $5.4bn at an average price of $97,862 per Bitcoin. 💸

【More】
💲The largest Korean crypto exchange Upbit hit $14bn in trading volume on both Saturday and Sunday, equivalent to the whole Korean stock market volume.

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"If the last three years were a consolidation period then it's like a base built upon a base which could take us to the 300's area."🤝

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Apple CEO Tim Cook disclosed that he has been holding Bitcoin for three years, clarifying that it is a personal investment choice, not part of Apple's corporate strategy 👛

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If Bitcoin goes to $13M as Michael Saylor suggests as his base case, MicroStrategy would be worth over $10 Trillion dollars 🚀

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MicroStrategy adds 55,000 BTC for $5.4B, boosting its total to 386,700 Bitcoin ($21.9B invested). Avg cost: $56,761/BTC 📈

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Bitcoin Rebounds Above $94,000🕯

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Michael Saylor breaks down why Bitcoin is the “holy grail asset”—outpacing monetary inflation, uncorrelated to the S&P 500, and delivering superior risk-adjusted returns 💪

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Bitcoin-backed stablecoin USDa has surpassed a circulation of 200 million tokens, ranking as the third largest CDP behind MakerDAO and USDJ.📣

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Rumble announced its Bitcoin Treasury Strategy, planning to buy up to $20m in BTC with its excess cash reserves.

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President-elect Donald Trump plans to sign an executive order imposing a 25% tariff on all products from Mexico and Canada entering the U.S., and an additional 10% tariff on Chinese imports until the issue of fentanyl and other drugs sent to the U.S. is resolved.

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Bitcoin Drops Below $93,000

Bitcoin fell below $93,000, now trading at $92,841, a 24-hour drop of 5.46%.

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The Russian State Duma has passed amendments recognizing digital currency as property for tax purposes, introducing rules for taxing cryptocurrency mining, transactions, and income reporting.

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