Category: Market

The U.S. government’s existing bitcoin holdings of over 208,000 BTC, valued at approximately $19 billion, raise the question: Could the government establish a formal bitcoin reserve? The answer largely depends on how “reserve” is defined. The simplest approach would be for the U.S. to stop selling the bitcoin it already possesses, a move previously suggested…

The CoinDesk 20 Index surged by 6.5% over the weekend, with most cryptocurrencies making notable gains. Currently, the CoinDesk 20 stands at 2,909.54, reflecting a 6.5% increase (+178.81) from Friday’s closing price at 4 pm ET. Seventeen out of the 20 assets experienced upward movement. Top Performers: Lagging Assets: The CoinDesk 20 is a diverse…

Semler Scientific Boosts Bitcoin Holdings to 1,273 BTC, Valued at $114 Million Semler Scientific (SMLR) has expanded its bitcoin (BTC) reserves, purchasing an additional 215 tokens for $17.7 million over the 10 days ending Nov. 15. With this latest acquisition, the medical equipment company now holds 1,273 BTC, worth approximately $114 million at the current…

Market Brief: Solana Surges to $240 While Bitcoin Consolidates Above $90K Solana (SOL) reached $240, achieving a three-year high and leading a 1.66% rise in the CoinDesk 20 Index, with SOL gaining 4.3%. Bitcoin (BTC) maintained stability just above $90,000, declining 0.34% in the past 24 hours. Analysts suggest that BTC’s recent momentum could extend…

MicroStrategy (MSTR) has once again expanded its Bitcoin holdings, purchasing 51,780 BTC for $4.6 billion in a six-day period ending Sunday. With this latest acquisition, the company now owns a total of 331,200 Bitcoin, which it has accumulated for approximately $16.5 billion. At the current market price of around $90,000 per BTC, the value of…

MARA Holdings (MARA) has unveiled plans for a private offering of $700 million in convertible senior notes maturing in 2030. The offering is intended for qualified institutional buyers, with an additional option for purchasers to acquire up to $105 million in notes. The company intends to use up to $200 million of the funds to…

XRP experienced a notable 17% surge in the past 24 hours, outpacing Bitcoin (BTC) and other major cryptocurrencies as the shifting regulatory landscape in the U.S. fueled growth in tokens previously restrained by the Securities and Exchange Commission (SEC). XRP traded above 82 cents early on Friday during Asian market hours, extending its weekly gains…

During his presentation at the Cantor Crypto, Digital Assets & AI Infrastructure Conference in Miami, Michael Saylor, Executive Chairman of MicroStrategy, shared his vision for the future of U.S. bitcoin holdings, expressing confidence that a strategic investment in bitcoin would soon become a reality. Saylor highlighted the growing support for the initiative from key political…

After a recent rally, crypto markets experienced a slight pullback following comments from U.S. Federal Reserve Chairman Jerome Powell, casting doubt on the certainty of an impending rate cut. Bitcoin (BTC) saw a brief dip of about 1.5%, falling to $88,300 after Powell’s speech on Thursday at a Dallas conference. By press time, the price…

Ripple was also a standout performer, increasing by 11.7% since Thursday evening. CoinDesk Indices provides its daily market update, highlighting the top performers and underperformers in the CoinDesk 20 Index. Currently, the CoinDesk 20 stands at 2716.25, reflecting a 2.8% increase (+72.8) since Thursday at 4 p.m. ET. Seventeen of the 20 assets have posted…