Bitcoin (BTC) displayed volatility in price, with analysts still expecting to reach the $100,000 mark in the foreseeable future.
MicroStrategy continued its buying spree, acquiring an additional $2.1 billion in Bitcoin. The move has been met with varying opinions by experts, with some questioning this strategy. In contrast,
Microsoft shareholders voted against investing in Bitcoin.
Amazon shareholders proposed acquiring the cryptocurrency as well, hinting at a potential push for a 5% BTC allocation. These developments came as Bitcoin experienced a tick back above $100,000, however, this was short-lived due to inflation data released in November.
Cryptocurrency experts maintain their position telling uninvested parties that it’s not too late to consider an investment in BTC.
MicroStrategy's bullish Bitcoin stance has it on the brink of entering the
Nasdaq 100, while the unveiling of
Google's quantum chip ('Willow') ignites concerns for Bitcoin's security. Despite a lull in BTC activity, the potential for a rapid move to $150,000 BTC is still not considered extraordinary by some traders. In other news, the
SEC advances
NYSE’s request to list Bitwise Bitcoin and Ethereum ETF.
El Salvador continues to be the only country directly buying Bitcoin, and
Goldman Sachs CEO says that the bank may consider Bitcoin and Ethereum spot trading, pending overcoming regulatory challenges.
BTC News Analytics from Thu, 05 Dec 2024 21:34:53 GMT to Wed, 11 Dec 2024 21:07:12 GMT -
Rating 0
- Innovation 7
- Information 6
- Rumor -2
