Bitcoin (BTC) price continues to edge down, trading below $95,000 on Friday and on the way towards its worst week since the end of August.
Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETF s recorded the highest single-day outflow on Thursday since their launch in January. The US Fed ’s hawkish rate-cut decision fueled Bitcoin ’s correction this week. Bitcoin price continues to edge down, trading below $95,000 on Friday and on the way towards its worst week since the end of August.
Fed Chair Jerome Powell says we're not allowed to own #Bitcoin pic.twitter.com/SQnNfqnTni — Bitcoin Magazine December 18, 2024 Messari’s CEO Turner further explained that is it possible that Bitcoin experiences some volatility at the beginning of the year and that macroeconomic data and flows into the space primarily via the ETFs would be the key signs to watch for in the short term.
currently holds 439,000 BTC, acquired for $27.1 billion at an average price of $61,725 per Bitcoin. MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $
https://t.co/SaWLNBVkrl — Michael Saylor⚡️ December 16, 2024 During the same period, Riot Platforms also announced that it had added 667 BTC at an average price of $101,135 per BTC. Currently, Riot holds 17,429 BTC valued at $1.8 billion. With the additional proceeds from Riot’s upsized $594 million, 0.75% coupon convertible bond issue, the Company has acquired 667 BTC at an average price of $101,135 per BTC. As a result, Riot has increased its holdings to 17,429 BTC, currently valued at $1.
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