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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Morocco is in the process of adopting a new law to regulate cryptocurrencies, which have been banned since 2017 but continue to be used underground. ✍️

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🗞 November 26, 2024 cryptocurrency news highlights

【Cryptocurrency】
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.

Morocco is in the process of adopting a new law to regulate cryptocurrencies, which have been banned since 2017 but continue to be used underground. ✍️

【Economy】
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.


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

【More】
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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