🔹 Larger Cohorts Than U.S. ETFs or MicroStrategy Are Dictating Bitcoin Price: Van Straten
Since Donald Trump's election victory on November 5, bitcoin (BTC) has surged from $67,000 to around $100,000, accompanied by a significant increase in trading volume. Bitcoin's total trade volume has surpassed $100 billion, with futures trading reaching an all-time high of about $120 billion on November 17. However, futures volume has since stabilized around $100 billion, while spot trading volume has doubled from $6 billion to $12 billion, and U.S. ETF trade volume has also risen to $4 billion daily.

Bitcoin is fluctuating around the $100,000 mark, influenced by substantial selling pressure from long-term holders (LTHs), who have sold 843,113 BTC since September. Meanwhile, short-term holders (STHs) have accumulated 1,081,633 BTC during the same period.

In comparison, MicroStrategy has added 197,250 BTC to its holdings, while U.S. ETFs have increased their total by approximately 205,000 BTC. For bitcoin to break above $100,000 decisively, LTHs need to reduce their selling or new investors must enter the market to drive demand.

📌Powered by V3V Ventures

🚨 MicroStrategy to Enter Nasdaq 100, Exposing Bitcoin-Linked Stock to Billions in Passive Investment FlowsMicroStrategy (MSTR) is set to join the Nasdaq-100 Index, becoming the first bitcoin-focused company to achieve this milestone. The Nasdaq-100 tracks the 100 largest non-financial companies on the Nasdaq exchange, which includes major players like Apple, Nvidia, and Amazon.

Following the announcement, bitcoin's price rose modestly, surpassing $102,000. As of November 29, MicroStrategy had a market cap of approximately $92 billion, positioning it as the 40th largest company in the Nasdaq 100, with an expected weighting of 0.47%. This inclusion will significantly increase the Nasdaq 100's exposure to bitcoin, as MicroStrategy holds about $42 billion in bitcoin assets. ETFs tracking the Nasdaq 100 have over $550 billion in assets, with Invesco's QQQ Trust being the largest at more than $300 billion.

Analysts suggest that this development could be among the top stories of 2024, especially as passive investment funds will likely increase their holdings in MicroStrategy. However, there are concerns that the company's inclusion may be temporary, as it could be reclassified as a financial firm due to its reliance on bitcoin for value. The Nasdaq 100 rebalancing, which includes this change, will take effect on December 23.

📌Powered by V3V Ventures

Texas State Representative Giovanni Capriglione has officially submitted a bill to create a Strategic Bitcoin Reserve for the state.

📌Powered by V3V Ventures

U.S. Treasury says Bitcoin's primary use case is "digital gold"

📌Powered by V3V Ventures

Michael Saylor has stated his intention to continue raising billions in low-cost capital until MicroStrategy owns a minimum of $3 trillion in Bitcoin and achieves a market cap of $10 trillion.

📌Powered by V3V Ventures

President-elect Trump has stated that his new crypto Czar, David Sacks, will "develop a legal framework to provide the clarity the crypto industry has been seeking."

📌Powered by V3V Ventures

📌Powered by V3V Ventures

🪙 New York regulator is set to approve Ripple's stablecoin – RLUSD.

According to reports, Ripple plans to launch RLUSD on December 4.

📌Powered by V3V Ventures

*⚡️ *Another big moves from *🤑***

TON blockchain has launched the TON Teleport BTC cross-chain bridge, allowing seamless Bitcoin transfers to and from the blockchain as tgBTC.

A game changer for Telegram-powered crypto interactions and cross-chain flexibility.

📌Powered by V3V Ventures

🔝 TON has surpassed TRON in market capitalization, reclaiming the 11th spot in the rankings.

📌Powered by V3V Ventures