Coindesk

Starting next Monday, First Mover Americas will become Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Publishing at 7 a.m. ET, it will kickstart your morning with comprehensive insights. You won't want to start your day without it.Latest PricesCoinDesk 20 Index: 3,433.47 +3.11%Bitcoin (BTC): $98,230.02 +0.33%Ether (ETH): $3,483 +4.89%S&P 500: 5,969.34 +0.35%Gold: $2,685.55 -1.13%Nikkei 225: 38,780.14 +1.3%Top StoriesBitcoin traded above $98,000 having dropped below $96,000 on Sunday. A pullback had been expected as traders took profits after last week's surge to nearly $100,000. XRP and DOGE led the drop, both losing more than 5%, while ETH, SOL and ADA fell between 2%-5%. They all also pared...

Bitcoin Development Company MicroStrategy (MSTR) added 55,500 of the largest cryptocurrency for $5.4 billion, bringing its holdings to 386.700 BTC worth nearly $38 billion.The company paid an average $97,862 per bitcoin in thjs latest purchase, according to a statement Monday morning, and the buys took place over the six days ended yesterday. Overall, its 386,700 bitcoin were acquired for $21.9 billion, or an average price of $56,761. BTC was trading around $97,500 at the time of publication.The company, which adopted the bitcoin-purchase strategy in 2020, has been in the spotlight in recent weeks due to its continuing large BTC acquisitions a run-up in its share price. A 515% increase this year briefly took it into the top 100 largest U.S....

MicroStrategy's (MSTR) bitcoin (BTC) treasury model is unparalleled and the company is expected to attract billions of dollars of investment into the world's largest cryptocurrency, broker Bernstein said in a research report Monday.Bernstein raised its MicroStrategy price target to $600 from $290 while maintaining its outperform rating on the stock. Rival broker Canaccord raised its price target to $510 from $300 and reiterated its buy rating.The shares were trading over 6% higher at around $448 in early trading.Bernstein said it expects MicroStrategy to own 4% of the world's bitcoin supply by 2033. It currently has 1.7%.The company founded by Michael Saylor said last month that it planned to buy a further $42 billion of bitcoin over the next three years."We...

The wild 2000s era of internet shock videos is making a return in crypto.Some issuers of memecoins on Solana's runaway hit Pump.fun are streaming videos ranging from extreme dark humor to dark behavior, all to pump their tokens to a few million dollars in market capitalization.There are streams and images of children tied up, a man locked up in his toilet continuously, killing of hens, fetish videos, and softcore porn. Live streaming on the platform was a feature added last week.Some tokens even have images of a human slashing forearms or playing with fire (though these are quickly taken down). One person was allegedly firing a gun outside their window every time his token zoomed higher. This sort of...

DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens. If you think the Terra/Luna crash of 2022 left lasting scars on the South Korean crypto community, you are wrong. With the bitcoin (BTC) bull market in full swing, Koreans are again diving in head first and snapping up smaller cryptocurrencies.Trading volume on South Korea's largest exchange, Upbit, which accounts for over 70% of the country's total activity, has skyrocketed 11-fold to $14.3 billion since the Nov. 5 U.S. presidential election that saw pro-crypto candidate Donald Trump emerge victorious, according to data source Coingecko.Driving this exceptional volume growth are XRP, dogecoin (DOGE) and other...