Crypto Today: Microsoft Rejects Bitcoin Reserve Plan, as Cardano, XRP Lead Market Rebound

The cryptocurrency sector's valuation held firm at $3.37 trillion on Tuesday, halting a bleedout of $13 billion in outflows over the last 24 hours. Marathon Digital , the largest cryptocurrency miner, announced another $1.1 billion Bitcoin purchase after issuing debt convertible notes. In the derivatives markets, 288,367 traders were liquidated, with $626 million in long positions wiped out, accounting for 77% of the $809 million total liquidations.

The blue-shaded area in the chart shows Ethereum whales began buying around November 22, amid Gary Gensler’s exit confirmation, increasing their balances from 82.04 million ETH to 82.64 million ETH at press time on December 10. This indicates that whales bought 600,000 ETH in the last 18 days, worth approximately $220 million at current prices.

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Crypto industry celebrates Trump appointing David Sacks as AI, crypto 'czar' to lead industry innovationDavid Sacks, President-elect Trump's pick for AI and crypto 'czar,' is a billionaire tech venture capitalist and podcaster who's a member of the so-called 'PayPal Mafia.'
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Crypto Industry Celebrates Pro-Crypto Congress, Secures Unprecedented InfluenceCrypto executives, investors, and advocates view the recent election as a major victory for the industry, with pro-crypto political action committees (PACs) and related groups raising over $245 million. Nearly 300 lawmakers who support cryptocurrency are set to take seats in the House and Senate, giving the sector unprecedented influence over legislative decisions.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »