Author: Coindesk

MicroStrategy (MSTR), the Nasdaq-listed software company with the largest corporate bitcoin treasury, melted up 25%, closing the day at a new all-time high price of $340, overcoming its 24-year old record from the dotcom bubble era. The company announced on Monday that it acquired 27,200 BTC, bringing its total holdings to 279,420 bitcoin, worth about $24.5 billion at current price. Read the full article here

Trabucco, who was part of Sam Bankman-Fried’s inner circle and became Caroline Ellison’s right hand at Alameda Research, the trading firm co-founded by Bankman-Fried, left the company in August 2022, just months before both Alameda and FTX filed for bankruptcy in December of that year. Read the full article here

Nansen, which allows users to see what’s happening in blockchain networks in real time, aims to pave the way for more efficient decision-making in Bitcoin layer 2s empowered by the insights its data and analytics provide, according to an emailed announcement on Monday. Read the full article here

Memecoins are volatile by nature can often swing in price dramatically due to varying amounts of liquidity. Two percent market depth on Binance for ACT is currently just $93,000 to the downside and $214,000 to the upside, which means that a market sell order of just $100,000 would move the price to the downside by more than 2%, according to CoinMarketCap. Read the full article here

The largest cryptocurrency by market capitalization continues to hit all-time highs, which shows a strong uptrend. In the past week alone, bitcoin has added almost $20,000 from its Nov. 6 low of $66,700. It was trading recently at $84,255, having climbed as high as $84,989, according to CoinDesk Indices data. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, has climbed 29% since the election. Read the full article here

Bitcoin passed $80,000 for the first time on Sunday and topped $82,000 on Monday. BTC enjoyed an unusually busy weekend, rising over 4% amid trading volumes of almost $100 billion. Weekend pumps in the crypto market are seen as bullish indicators, given that professional traders and institutional investors are much less active. The positive sentiment extended into the new week, with BTC climbing as high as $82,394. Futures premiums on BTC-tracked products are soaring, indicating a bias for bullish bets. The popularity of the $80,000 call on Deribit points to potential dealer hedging around the key level. Read the full…

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Those making the bitcoin options market on crypto exchange Deribit currently appear to have a significant positive “gamma” exposure at the $90,000 and $100,000 strike options. In simple terms, it means traders/investors have sold options at these levels, leaving market makers, who are always on the opposite side, with a large chunk of long positions. Read the full article here

A Republican sweep would allow the new government to push through positive policies for the digital assets sector, which could lead to total crypto market cap swelling to $10 trillion by the end of 2026, investment bank Standard Chartered (STAN) said in a research report on Friday. Read the full article here

MicroStrategy, the publicly traded company holding the largest amount of bitcoin, 252,200 BTC, rallied 11% to more than $300 a share. Copycat Semler Scientific surged 25% and is approaching a high for the year. Crypto exchange Coinbase added almost 17%. Read the full article here