@taskmaster4450le "## [Bitcoin hits fresh record, races toward $100,0..." by taskmaster4450le

View this thread on: hive.blog | peakd.com | ecency.com

Viewing a response to: @taskmaster4450le/re-leothreads-2annuh9d6

hive-167922 · @taskmaster4450le · Nov 21 '24

@taskmaster4450le "## [Bitcoin hits fresh record, races toward $100,0..."

## [Bitcoin hits fresh record, races toward $100,000 as rally continues](https://www.cnbc.com/2024/11/21/crypto-market.html)
Bitcoin breached the $98,000 level for the first time as investors continued pricing in a second Donald Trump presidency.



The price of the flagship cryptocurrency was last higher by more than 3% at $97,930.00, according to Coin Metrics. Earlier, it rose as high as $98,367.00.

Crypto exchange Coinbase advanced 3% in premarket trading while MicroStrategy, which trades as a bitcoin proxy, jumped 11%. Mining stocks rose as well, with Mara Holdings up 9%.

Bitcoin continues its march toward $100,000

#bitcoin #crypto #coinbase #trump

properties (22)

`author`	taskmaster4450le
`permlink`	re-taskmaster4450le-2eamj7eb3
`category`	hive-167922
`json_metadata`	{"app":"leothreads/0.3","format":"markdown","tags":["leofinance"],"canonical_url":"https://inleo.io/threads/view/taskmaster4450le/re-taskmaster4450le-2eamj7eb3","links":["https://www.cnbc.com/2024/11/21/crypto-market.html)"],"images":[],"isPoll":false,"pollOptions":{},"dimensions":[]}
`created`	2024-11-21 13:00:48
`last_update`	2024-11-21 13:00:48
`depth`	2
`children`	2
`last_payout`	2024-11-28 13:00:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	664
`author_reputation`	2,187,260,754,990,292
`root_title`	"LeoThread 2024-11-21 08:32"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	138,606,928
`net_rshares`	0

@taskmaster4450le · Nov 21 '24

@taskmaster4450le "Bitcoin has been regularly hitting fresh records t..."

Bitcoin has been regularly hitting fresh records this month on hopes that Trump will usher in a golden age of crypto, which would include more supportive regulation for the industry and a potential national strategic bitcoin reserve or stockpile.

This most recent move was triggered by a spike in funding rates and open interest on the futures market during Asia trading. Around the same time, premiums in spot markets fell, according to data from CryptoQuant.

properties (22)

`author`	taskmaster4450le
`permlink`	re-taskmaster4450le-2r3ubbp32
`category`	hive-167922
`json_metadata`	{"app":"leothreads/0.3","format":"markdown","tags":["leofinance"],"canonical_url":"https://inleo.io/threads/view/taskmaster4450le/re-taskmaster4450le-2r3ubbp32","isPoll":false,"pollOptions":{},"dimensions":[]}
`created`	2024-11-21 13:01:06
`last_update`	2024-11-21 13:01:06
`depth`	3
`children`	0
`last_payout`	2024-11-28 13:01:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	461
`author_reputation`	2,187,260,754,990,292
`root_title`	"LeoThread 2024-11-21 08:32"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	138,606,935
`net_rshares`	0

@taskmaster4450le · Nov 21 '24

@taskmaster4450le "Bitcoin's recent moves higher also triggered a wav..."

Bitcoin's recent moves higher also triggered a wave of short liquidations – more than $88 million in the past 24 hours, according to CoinGlass – sending the price further up overnight.

"Looking back at previous moves of this magnitude, BTC has historically either gone into a consolidation period, or ignored the overbought condition as investors pile in," Rob Ginsberg, an analyst at Wolfe Research, said in a Wednesday note.

properties (22)