Bitcoin News Today TheBitTimes.com

Europe’s leading cryptocurrency exchange, WhiteBIT, concludes the year with remarkable achievements. The latest estimates reveal the company’s capitalization has reached $38.9 billion, while the annual trading volume surged to $2.7 trillion — a 200% increase compared to the previous year. These figures encompass all exchange markets (spot and futures), showcasing the company’s rapid growth and the increasing trust of its users. For context, WhiteBIT’s trading volume surpassed major players like Kraken, whose annual trading volume stood at $628 billion. Remarkably, WhiteBIT’s trading volume exceeds the GDP of countries like Italy or Canada and approaches the GDP of France, valued at $3 trillion. According to WhiteBIT Founder and CEO Volodymyr Nosov, this milestone reflects the exchange’s innovative strategies and strategic focus: “Reaching $2.7 trillion is the result of our dedicated teamwork and the trust of our clients. We remain committed to developing cutting-edge techn...

MicroStrategy (NASDAQ:MSTR) started 2023 with a market capitalization of just $1.8 billion. Today, this figure sits at $111 billion. Its 2023 market cap was also less than its then-$2.1 billion worth of bitcoin holdings but that negative multiple has now flipped decidedly positive.  As of publication time, MicroStrategy’s market cap boasts a 3.55 multiple on its $31.1 billion worth of bitcoin holdings. That makes it 5.9% the market capitalization of bitcoin. This makes MicroStrategy nearly 6% the size of bitcoin itself. At the start of 2023, it was a negligible 0.5%. Its growth is as noteworthy as it is curious. Of course, MicroStrategy owns bitcoin, so its assets are themselves part of the market cap that it is displacing. Nevertheless, the company is growing at a multiple beyond a simple capital match: 3.55X and growing. Click to enlarge. Because the company is able to access bond markets at favorable interest rates — upsizing rounds into the tens of billion...

As Bitcoin (BTC) continues to trade below its all-time high of above $73,000, the maiden cryptocurrency has seen a growth in the number of millionaire holders in 2024. Currently, there are 121,089 Bitcoin addresses holding at least $1 million worth of BTC. Of these, 10,434 addresses contain holdings exceeding $10 million, data retrieved from BitInfoCharts on September 23 indicates. Bitcoin holdings distribution among addresses. Source: BitInfoCharts To put this figure into perspective, data retrieved from the platform on January 4, 2023, using the Wayback Machine web archive tool, indicates that the number of Bitcoin millionaire holders has surged by 25.21% in 2024 as per the data calculated by Finbold. Picks for you Kamala Harris finally reveals her crypto plans 41 seconds ago ...