Bitcoin Soars While MicroStrategy Can't Get Enough

Author

Kairav Joshi
November 29, 2024

In partnership with

Hey crypto trailblazer, 👋

This week in the world of digital assets, Bitcoin is once again stealing the show, inching closer to the highly anticipated $100K milestone. But that’s not all—there’s big news brewing across the crypto landscape, from landmark court decisions to bold bets by institutional giants.

Read on to stay ahead of the curve and see what’s shaping the future of crypto markets.

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🔥Latest Crypto News

  1. Bitcoin Nears $100,000 Amid Regulatory Changes: Bitcoin's price has surged, approaching the significant $100,000 mark. This rally is influenced by the anticipated resignation of SEC Chair Gary Gensler and the potential for more crypto-friendly policies under the incoming administration.

  2. MicroStrategy Expands Bitcoin Holdings: MicroStrategy has acquired an additional 55,500 bitcoins for approximately $5.4 billion, bringing its total holdings to about 386,700 bitcoins. This move underscores the company's strong commitment to cryptocurrency investment.

  3. Court Overturns Sanctions on Tornado Cash: A U.S. court has ruled that the Treasury Department exceeded its authority by sanctioning cryptocurrency mixer Tornado Cash in 2022, a decision that could have significant implications for crypto privacy tools.

  4. Justin Sun's $6.2 Million Banana: According to the Financial Times, Justin Sun, founder of Tron, made headlines by consuming a $6.2 million banana during an event in Hong Kong. The banana was part of Maurizio Cattelan's artwork 'Comedian,' which Sun purchased using cryptocurrency.

The following large cap alts are up over 20% over the last 24 hours.

  • Core

  • Ethereum Name Service

  • Flare

  • Algorand

  • EOS

Stay tuned for our broader market insights coming later this weekend.

Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.

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