🌙 Bitcoin Hits $106,000

Bitcoin rocketed to a new peak price of $106,000 on Monday ― a 150% surge since the start of the year.

Author

Mike Gavela
December 16, 2024

In partnership with

Crypto Roundup - December 16

Bitcoin surged past $106,000 as bullish momentum grips the market, driven by rising institutional adoption and expectations of a potential spot Bitcoin ETF approval. Analysts predict Bitcoin could reach $120,000, citing growing demand and constrained supply. In parallel, crypto funds recorded a remarkable $20.3 billion in inflows over 10 consecutive weeks, signaling renewed investor confidence. Meanwhile, MicroStrategy continues to reap the rewards of its Bitcoin strategy as it prepares to join the prestigious Nasdaq-100 index on December 23.

Top Stories

  • Bitcoin surpasses $106,000 milestone as institutional demand intensifies and ETF optimism rises, with analysts eyeing $120,000 as the next target.

  • Crypto funds attract record inflows totaling $20.3 billion over 10 weeks, highlighting strong investor confidence in digital assets.

  • MicroStrategy joins Nasdaq-100 index, further validating its bold Bitcoin accumulation strategy and cementing its role as a crypto proxy stock.

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TOP STORIES

Bitcoin hits $106,000 record and these three drivers will push the price into ‘unchartered waters’

Bitcoin has broken out of its brief consolidation to set a new price peak above $100,000 as market analysts identify micro and macro factors driving its price.

www.dlnews.com/articles/markets/bitcoin-hits-usd106000-and-this-will-drive-it-to-usd120000

Crypto Funds Attract Record $20.3 Billion in Inflows Over 10 Weeks - "The Defiant"

Bitcoin’s surge past $100,000 and growing investor confidence are fueling a record-breaking streak of inflows into crypto funds.

thedefiant.io/news/tradfi-and-fintech/crypto-funds-attract-record-usd20-3-billion-in-inflows-over-10-weeks

MicroStrategy to Join Nasdaq 100 on December 23 - "The Defiant"

Michael Saylor’s software company’s MSTR stock, buoyed by Bitcoin’s bull run, greatly outperformed the S&P 500 this year.

thedefiant.io/news/tradfi-and-fintech/microstrategy-to-join-nasdaq-100-on-december-23

FUNDRAISING

OMNIA Protocol Secures New Strategic Partnerships and Strengthens Market Position with ChainGPT Labs Leading the Round - OMNIA

3 min read $OMNIA Token – Entering new phase of token value accrual OMNIA Protocol – 10x and 20x points multiplier for $OMNIA trading OMNIA Ambassador program with $3M+ reward pool OMNIA Protocol is thrilled to announce the successful onboarding of ChainGPT Labs as the lead investor in its latest fundraising initiative. ChainGPT Labs, alongside a remarkable lineup […]

omniatech.io/pages/omnia-protocol-raises-3-2-million-in-oversubscribed-fundraise

OTHER HEADLINES

Pudgy Penguins’ PENGU token launches tomorrow with Binance listing and airdrop

Pudgy Penguins to launch PENGU token on December 17, with Binance announcing a listing and spot trading for the token.

cryptobriefing.com/pengu-token-launch-binance

MicroStrategy dilutes its shareholders to buy more bitcoin

MicroStrategy failed to outperform BTC this weekend as its share price and NAV premium came nowhere close to all-time highs.

protos.com/microstrategy-dilutes-its-shareholders-to-buy-more-bitcoin

Justin Sun-Linked BiT Global Sues Coinbase For $1B Over WBTC Delisting - "The Defiant"

BiT Global is suing Coinbase for $1 billion, alleging the exchange is engaging in uncompetitive behavious by launching cbBTC and delisting WBTC.

thedefiant.io/news/cefi/justin-sun-linked-bit-global-sues-coinbase-for-usd1b-over-wbtc-delisting

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