BTC Financial News

MicroStrategy (MSTR) bought another $1.1 billion of bitcoin (BTCUSD), its largest purchase in more than a month and its 11th consecutive week of buying.

Indian crypto traders have fallen for Trump and Melania coins, the freshly minted meme tokens with no fundamentals. This was borne out by the sudden surge in Stable coin or USDT in India, which traded at an unusually steep premium on Monday, hours before Donald Trump’s inauguration.

index, further brightening the prospects of the stock. The $25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to bitcoin via MicroStrategy, which holds $44 billion worth of the digital currency on its balance sheet, about 2% of the total supply of the world's largest cryptocurrency.

Bitcoin traded slightly higher at $97,434 on Tuesday, still down over $6,400 from last week's all-time high of $103,900, ahead of key U.S. inflation data later in the day, which is expected to provide insights into future rate trajectories. As of 10:46 am IST, Bitcoin was up 0.8%, trading at $97,434, while Ethereum fell 1.1% to $3,664. During the session, BTC reached a high of $98,270 and a low of $94,321.

MicroStrategy (MSTR) bought more bitcoin (BTCUSD) last week, for the fifth week in a row.

Bitcoin traded near its all-time high of $100,000 ahead of a critical week featuring central bank meetings and US inflation data, which could pave the way for lower borrowing costs and further policy easing. However, BTC slipped 1% in early trading, with Altcoins also declining. As of 11:30 am IST, Bitcoin was down 0.8%, trading at $99,043, while Ethereum fell 1.6% to $3,915. During the session, BTC reached a high of $101,399 and a low of $98,579.

volatility. As of 11:42 am, Bitcoin was down 0.1% at $96,158, after hitting a daily low of $94,482 and a high of $97,430. Last week, the cryptocurrency experienced significant volatility, dipping to an intraday low of $90,770 on Wednesday.

Robert Kiyosaki, author of best-seller Rich Dad Poor Dad, has made a bold prediction about Bitcoin, forecasting that its price could “crash” to $60,000 before eventually surging to $250,000 by 2025. Taking to X (formerly Twitter), Kiyosaki expressed his views, stating, «Bitcoin is stalled short of $100k. That means BTC may crash to $60k. If and when that happens, I will not sell. BTC will be having a sale. I will buy more.» He emphasised that the current price of Bitcoin is less important than accumulating more of the cryptocurrency during its corrections.

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has completed the acquisition of Norwegian firm Equinor's stake in an Azerbaijan oilfield and an associated pipeline for USD 60 million, the firm said in a statement. OVL «has completed the acquisition of 0.615 per cent participating interest (PI) in offshore Azeri Chirag Gunashli (ACG) field in Azerbaijan from Equinor. This also includes the acquisition of 0.737 per cent shares of Baku Tbilisi Ceyhan (BTC) pipeline company through its wholly-owned subsidiary ONGC BTC Limited», a company statement said. The firm had signed a sale purchase agreement (SPA) for the stake buy in July and the deal was completed on November 29.

MicroStrategy (MSTR) made a massive addition to its bitcoin (BTCUSD) holdings over the past week. Over the six days ending on Sunday, the technology company acquired 51,780 BTC for approximately $4.6 billion, according to a recent regulatory filing.

cryptocurrency market showed mixed trends on Monday as investors prepared for key events—the US presidential election and an anticipated Federal Reserve rate cut, both of which could significantly impact crypto markets. Major tokens like Bitcoin, Ethereum, Dogecoin, Tron, and Toncoin saw gains, while others such as BNB, Cardano, Shiba Inu, Chainlink, Polkadot, Litecoin, Uniswap, and NEAR Protocol experienced losses of up to 3%.

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