🌙 Bitcoin Reaches $85,000

Bitcoin touched a record-high $85,000, TradingView data shows, as it extended its rally following the U.S. elections.

Author

Mike Gavela
November 11, 2024

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Crypto Roundup - November 11

The cryptocurrency market saw significant activity this week, with Bitcoin reaching new highs and companies like MicroStrategy doubling down on their investments. Bitcoin surged above $84,000, adding nearly $20,000 within a week, driven by institutional interest and market momentum. MicroStrategy, one of the biggest corporate Bitcoin holders, expanded its holdings by purchasing an additional 27,200 BTC for $2 billion, bringing its total profit to $11 billion. Additionally, Standard Chartered released a projection suggesting that the crypto market could reach a $10 trillion valuation by 2026, particularly if policies under a potential Trump administration favor cryptocurrency growth.

Top Stories

  • Bitcoin surpasses $84,000, adding nearly $20,000 in value over the last week amid increasing institutional interest.

  • MicroStrategy purchases 27,200 BTC for $2 billion, with total Bitcoin profits now standing at $11 billion.

  • Crypto market could reach $10 trillion by 2026, according to Standard Chartered, influenced by favorable U.S. policies.

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TOP STORIES

Bitcoin Touches Record-High $85K, Adds Almost $20K in a Week

Gold and most of the so-called magnificent seven tech stocks are down on the day.

www.coindesk.com/markets/2024/11/11/bitcoin-climbs-above-84k-adds-almost-20k-in-a-week

MicroStrategy Buys Another 27,200 BTC for $2B; Bitcoin Profits Sit at $11B

The company's bitcoin yield thus far this quarter is 7.4% and over 26% year-to-date.

www.coindesk.com/markets/2024/11/11/microstrategy-buys-another-27200-btc-for-2b-bitcoin-profits-sit-at-11b

Crypto Market Cap Could Balloon to $10T by 2026 Under Trump Administration: Standard Chartered

A Republican sweep is the best result for the digital assets sector and could bring regulatory and other positive changes, the report said.

www.coindesk.com/markets/2024/11/11/crypto-market-cap-could-ballon-to-10t-by-2026-under-trump-administration-standard-chartered

FUNDRAISING

StakeStone Secures $22 Million Investment Round Led by Polychain Capital, With Strategic Investments from Binance Labs, and OKX Ventures – Press release Bitcoin News

PRESS RELEASE. Singapore, November 11 – StakeStone announces the successful completion of a $22 million investment round, led by Polychain Capital. This

news.bitcoin.com/stakestone-secures-22-million-investment-round-led-by-polychain-capital-with-strategic-investments-from-binance-labs-and-okx-ventures

OTHER HEADLINES

A closer look at BTC's record-setting surge above $86K

Bitwise’s Matt Hougan expects BTC to hit $100,000 by the end of the year and continue upward in 2025.

blockworks.co/news/btc-surge-above-86k-analysis

How memecoins could bring back the retail investor in crypto

Midwest Blockchain Week showed the depth of talent available at US universities while also focusing on the role that memecoins could play.

blockworks.co/news/midwest-blockchain-conference-highlights

SOL crosses $220, eyes fresh all-time high

Traders will be looking toward $260, roughly the all-time high the asset set in November 2021.

blockworks.co/news/sol-eyes-fresh-all-time-high

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