Bitcoin
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Cryptocurrency
Thumzup Media Corp Adds $1 Million in Bitcoin to Its Financial Portfolio
Thumzup Media Corp’s Bold Move into Cryptocurrency In a groundbreaking move that underscores the growing acceptance of digital currencies, Thumzup Media Corp, a publicly traded company, has announced a significant addition to its financial portfolio. The company has invested $1 million in Bitcoin, marking a pivotal moment in its corporate strategy. Details of the Bitcoin Acquisition On January 6, 2025, Thumzup Media Corp strategically acquired 9.783 Bitcoins for a total…
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Cryptocurrency
Bitcoin Decline Leads to $206M in Liquidations Within One Hour
Bitcoin, the leading cryptocurrency by market cap, recently experienced a significant price drop, falling to the $97,000 level. This decline marked a noticeable shift from its bullish momentum, as Bitcoin’s value dropped to a low of $97,207. The 4% decrease in Bitcoin’s price also led to a 4.5% reduction in the global cryptocurrency market capitalization, bringing it down to $3.44 trillion. Impact on Altcoins The Bitcoin downturn also had a…
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Cryptocurrency
Bitcoin Price Falls After Hitting $102K: Is $95K on the Horizon?
Bitcoin’s Recent Price Movement In the volatile world of cryptocurrency, Bitcoin has experienced a notable drop of over four percent in the last 24 hours. Currently trading below the significant $98k mark, this downturn has sparked discussions among investors and analysts. Recently, analyst Crypto Capo suggested that the market might be on the verge of a 5 to 15 percent decline, offering a potential ‘buy the dip’ opportunity for keen…
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Cryptocurrency
Bitcoin Price Falls After Hitting $102K: Could $95K Be Next?
Recent Price Movements of Bitcoin In the past 24 hours, Bitcoin’s price has experienced a notable decline, dropping by over four percent and currently trading below the $98,000 threshold. This drop has sparked curiosity and concern among investors and traders alike, as they speculate on Bitcoin’s next move. The digital currency recently reached a peak of $102,712 on January 7, only to reverse course and erase those gains, prompting many…
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Cryptocurrency
In a noteworthy development, KULR Technology Group, now part of the New York Stock Exchange, has made headlines by investing heavily in Bitcoin amidst market fluctuations. The company, known for its forward-thinking approach, has projected a bullish outlook on Bitcoin, foreseeing its value potentially soaring to $200,000 during the 2025 market cycle.
Strategic Bitcoin Acquisition
On January 6, KULR Technology Group strategically acquired Bitcoin worth over $21 million, with an average investment price of $97,391. This significant purchase was executed just hours before Bitcoin made a remarkable recovery, surpassing the $100,000 threshold for the first time since December 19. This timely acquisition underscores KULR’s confidence in the digital currency’s upward trajectory.
CEO Michael Mo’s Optimistic Outlook
Michael Mo, the CEO of KULR Technology, has expressed strong optimism about Bitcoin’s future. He believes that the cryptocurrency has the potential to double in value from its current levels, propelled by the increasing global acceptance of Bitcoin. Mo shared his insights with Cointelegraph, stating that Bitcoin could reach a cycle peak of over $200,000 by 2025.
“The biggest catalyst is the adoption of a strategic BTC reserve by nations and states. The US, Germany, Switzerland, and other countries are currently exploring this possibility,” Mo emphasized.
KULR’s Bold Bitcoin Strategy
In December, KULR Technology Group embarked on a bold strategy by purchasing 217.18 BTC, valued at approximately $21 million. This acquisition marked the commencement of KULR’s Bitcoin treasury, a pivotal component of their broader financial strategy. The company has announced plans to allocate up to 90% of its surplus cash into Bitcoin, signaling a strong commitment to integrating cryptocurrency into its financial framework.
Conclusion
KULR Technology Group’s strategic investments in Bitcoin reflect a larger trend of institutional interest in cryptocurrencies. With visionary leaders like Michael Mo at the helm, the company is positioning itself at the forefront of the digital finance revolution. As more nations and states consider adopting Bitcoin reserves, the cryptocurrency’s future seems poised for significant growth, potentially reaching unprecedented heights by 2025.
The financial landscape continues to evolve as KULR Technology Group, a newly listed entity on the New York Stock Exchange, makes significant strides in cryptocurrency investment. The company has made headlines with its substantial acquisition of Bitcoin during the recent market correction. Their bold prediction that Bitcoin could reach unprecedented heights of $200,000 by the 2025 market cycle is capturing global attention. Strategic Bitcoin Acquisition On January 6, KULR Technology…
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Cryptocurrency
Bitcoin Rises, Ethereum Dips, XRP Advances
The global cryptocurrency market experienced a slight uptrend over the last 24 hours. The overall market capitalization increased by 0.59%, reaching a significant milestone of $3.55 trillion. This growth comes amid a surge in trading activity, with the 24-hour trading volume spiking by 30.16% to $127.63 billion. Such heightened trading activity signals an increased level of investor interest and enthusiasm. The Fear & Greed Index, a critical measure of market…
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Cryptocurrency
Bitcoin Rises, Ethereum Dips, XRP Advances
The global cryptocurrency landscape experienced a slight yet noteworthy increase over the past day. The overall market capitalization rose by 0.59%, reaching a substantial $3.55 trillion. This growth was accompanied by a significant surge in trading activity, as the 24-hour trading volume jumped by 30.16% to $127.63 billion. These figures underscore a growing investor interest and heightened market sentiments. Additionally, the Fear & Greed Index rose to 66, indicating a…
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Cryptocurrency
What’s Driving the $102K Surge and Positive Altcoin Trends?
In an unprecedented surge, the price of Bitcoin has shattered the significant resistance level of approximately $99.3k, reaching beyond the $100k mark for the first time in 2025. This milestone has sparked excitement and optimism within the cryptocurrency community and beyond. Political Influence on Bitcoin’s Future The upcoming inauguration of US President-elect Donald Trump, a figure with a substantial influence on financial markets, is adding to the bullish sentiment. Trump,…
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Cryptocurrency
Exploring the Factors Driving the $102K Breakout and Bullish Trends in Altcoins
In 2025, the cryptocurrency world witnessed a monumental milestone as Bitcoin successfully broke through a pivotal resistance level around $99.3k, rallying beyond the $100k mark for the first time. This breakthrough is a testament to the growing acceptance and investment in digital currencies, aligning with the forthcoming inauguration of U.S. President-elect Donald Trump. Donald Trump and the Crypto Movement Donald Trump, a notable American figure known for his tenure as…
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Cryptocurrency
Cryptocurrency Value Update (Jan 07th, 2025): Bitcoin Surpasses $100,000
The Current State of the Cryptocurrency Market The cryptocurrency market has kicked off the Asian trading hours on a positive note, experiencing a notable upswing. The total market capitalization has seen a rise of 1.06% over the last 24 hours, reaching an impressive $3.58 trillion. Daily trading activities have also surged, with a significant increase of 39.66%, bringing the volume to $127.33 billion. These movements reflect a growing sentiment of…
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