Day: December 5, 2024

Pudgy Penguins Soar to $62K High

Ethereum-based NFT collection Pudgy Penguins has seen a dramatic price surge, with its floor price climbing over 40% this week to reach a new all-time high of $62,000. This milestone coincides with Bitcoin’s historic breakthrough above $100,000, which has sparked renewed enthusiasm across the broader crypto market. The 8,888-piece NFT collection, featuring adorable penguin-themed profile […]

Dogecoin Mining Outshines Bitcoin for BIT Mining

Bitcoin miner BIT Mining (NYSE: BTCM) has revealed that Dogecoin and Litecoin mining has proven far more profitable than Bitcoin mining. The Ohio-based company announced Wednesday that diversifying its operations into Elon Musk’s favorite meme coin and Litecoin has delivered greater returns in a post-halving environment. “Mining Litecoin and Dogecoin has been nearly three times […]

Trump Claims Credit for Bitcoin’s $100K Milestone

President-elect Donald Trump took to Truth Social on Wednesday to celebrate Bitcoin’s groundbreaking surge past $100,000, claiming partial credit for the milestone. “Congratulations Bitcoiners,” Trump wrote. “$100,000!!! You’re welcome!!! Together, we will make America great again!” The comment comes as Bitcoin soared to $103,679 late Wednesday, marking its highest price ever. The milestone follows a […]

Mt. Gox Wallet Moves $2.8 Billion in Bitcoin

A wallet associated with Mt. Gox moved 27,871 Bitcoin, valued at $2.8 billion, late Wednesday evening, coinciding with Bitcoin’s historic rise above $100,000. Despite the significant transfer, the market remained stable, reflecting unprecedented resilience among traders. The transaction, tracked by blockchain analytics firm Arkham Intelligence, directed the funds to an unmarked address. Historically, movements from […]

BlackRock’s Bitcoin ETF Hits $50 Billion Milestone

BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed $50 billion in assets under management (AUM) in just 228 days, marking the fastest growth ever for an exchange-traded fund (ETF). For comparison, the previous record-holder, BlackRock’s iShares Core MSCI EAFE ETF (IEFA), took 1,329 days to hit the same milestone, according to Bloomberg’s senior ETF analyst Eric […]

Bitcoin Hits $100K: A Milestone Moment

Bitcoin has finally crossed the long-anticipated $100,000 mark, hitting $101,000 late Wednesday evening, according to Coinbase data. This historic moment comes more than 15 years after Satoshi Nakamoto mined the genesis block, marking the birth of the world’s first cryptocurrency. At the start of 2024, Bitcoin was trading at just over $44,000. Since then, it […]