Bitcoin’s ‘Illiquid’ Supply Soars to New All-Time High Near 15M Tokens

The so-called $100,000 <a href=”https://www.coindesk.com/markets/2024/12/02/xrp-replaces-tether-as-3rd-largest-cryptocurrency-while-btc-faces-384-m-sell-wall” target=”_blank”>sell wall</a> for bitcoin (BTC} is becoming a hard nut to crack, with $384 million available for sale between the current price and that six-figure milestone. A look at the supply data, though, suggests building pressure for an upward move. “Illiquid supply” refers to the amount of bitcoin that is […]

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CoinDesk 20 Performance Update: HBAR Surges 42.3% as Index Climbs Higher from Friday

<a href=”https://www.coindesk.com/indices/” target=”_blank”>CoinDesk Indices</a> presents its daily market update, highlighting the performance of leaders and laggards in the <a href=”https://www.coindesk.com/indices/cd20/” target=”_blank”>CoinDesk 20 Index</a>. The CoinDesk 20 is currently trading at 3696.8, up 5.6% (+195.83) since 4 pm ET on Friday. Three of 13 assets are trading higher. Leaders: HBAR (+42.3%) and XRP (+38.5%). Laggards: SOL

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MicroStrategy Added 15.4K Bitcoin for $1.5B as Saylor Pitches BTC to Microsoft

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). Bitcoin Development Company MicroStrategy (MSTR) is now the owner of nearly 2% of all the bitcoin (<a href=”https://www.coindesk.com/price/bitcoin/ ” target=”_blank”>BTC</a>) that will ever be created after adding to its holdings of the token. The firm <a href=”https://www.sec.gov/Archives/edgar/data/1050446/000119312524268429/d898104d8k.htm” target=”_blank”>disclosed the purchase</a> of 15,400 bitcoin

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XRP Replaces Tether as 3rd-Largest Cryptocurrency While BTC Faces $384M Sell Wall

XRP (XRP) is on a tear as bitcoin (BTC) struggles to approach $100,000 amid talk of a large “sell wall” near the six-digit price mark. XRP, the payments-focused cryptocurrency, has skyrocketed 375% to $2.40 in 30 days. The price has surged more than 20% in the past 24 hours alone, <a href=”https://www.coindesk.com/price/xrp” target=”_blank”>CoinDesk</a> data show.

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Japanese Crypto Exchange DMM Bitcoin to Shut Down After $305M Hack

Japanese crypto exchange DMM Bitcoin will shut down and transfer its accounts and assets to trading platform SBI VC Trade in March next year, it said in a <a href=”https://bitcoin.dmm.com/news/20241202_01″ target=”_blank”>statement</a> on Dec. 2. The decision was made after the exchange suffered a hack in May. Hackers siphoned off over 4502.9 bitcoin (BTC), worth nearly

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Ether’s Price Chart Now Mirrors a Pattern That Foretold Bitcoin’s Record Rally

Ethereum has recently been making waves for the right reasons, providing bullish cues to its native token, ether (ETH). Now, the cryptocurrency’s price chart reveals a compelling pattern reminiscent of the set-up in bitcoin (BTC) before it chalked out a record rally last month. Ether’s three-line break chart, which filters out day-to-day noise and erratic

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Ethereum ETFs See Record $333M Inflows, Outpacing Bitcoin Funds as Catch-Up Trade Gains Momentum

Spot ethereum (ETH) exchange traded funds (ETF) in the U.S. saw record daily inflows on Friday, another sign that the second-largest cryptocurrency is gaining momentum as a catch-up trade after vastly underperforming bitcoin (BTC) this year. The nine products combined booked $332.9 million in net inflows during Friday’s shortened trading session, <a href=”https://farside.co.uk/eth/” target=”_blank”>data</a> compiled

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XRP Tops $100B Market Cap, Reaches 2018 Levels, as Ripple’s RLUSD Close to Approval

XRP flipped a $100 billion market capitalization late Saturday as a multiweek rally showed no signs of pausing amid multiple catalysts over the past weeks. XRP zoomed nearly 10% in a 24-period from Friday to Saturday, reaching a local high of $1.92 to set prices previously seen in January 2018, when it briefly touched an

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