Past 12H Market Dynamics | BTC Market Value Over Silver, MicroStrategy Throws 2 billion Continues to Add Positions

In the past 12 hours, a series of noteworthy events have taken place in the crypto market. Here are some of the key developments:

$BTC hits $89,000, surpassing silver market cap

2. MSTR purchases 27,200 bitcoins

3. BlackRock $IBIT trading volume exceeds $4.40 billion

4. Added $2 billion USDT casting

5. Tesla's Bitcoin holdings are worth $1 billion

6. The Ethereum consensus layer roadmap will be released soon

7. $ACT and $PNUT listed on the head, low FDV Meme Coin boom

8. Mantle's $COOK Fee Reward

9. $BLUR fee conversion proposal

 

The details are as follows:

 

$BTC - Bitcoin continues its explosive rise, hitting $89,000 and surpassing silver in market capitalization.

MicroStrategy - Purchased 27,200 additional bitcoins for about $2.03 billion, pushing $MSTR stock to an all-time high after the session, topping $350.

BlackRock - $IBIT trading volume hit $4.47 billion yesterday, and total Bitcoin spot ETF trading volume reached $7.22 billion, the highest since March 14.

$BTC - Dennis Porter, founder of the Satoshi Action Fund, hinted that there will be big news about Bitcoin this week.

$USDT - Tether minted $2 billion of new USDT, in addition to more than $100 million of USDC minted.

Tesla - its bitcoin holdings are worth more than $1 billion.

$ETH - Justin Drake of the Ethereum Foundation hints at a redesign to be released at Devcon (Nov. 12)

The beacon chain roadmap of the Ethereum consensus layer, the market is looking forward to ETH 3.0.

The head office - the listing of $ACT and $PNUT triggered an explosive rise in low FDV Meme coins.

$COOK - Mantle's DeFi strategist @Defi_Maestro announced that $COOK is about to start distributing $cmETH rewards.

$BLUR - Split Capital proposed a "BLUR Fee Conversion" that would increase agreement fees and introduce a framework to reallocate fees to $veBLUR.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.