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

Layergg2024/11/12 02:53

By:Layergg

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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

Past 12H Market Dynamics | BTC Market Value Over Silver, MicroStrategy Throws 2 billion Continues to Add Positions image 0

$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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Morgan Stanley has made it clear that "the next two to three weeks are the time to increase positions." Ed Yardeni characterizes the current downturn as a "correction" rather than the bursting of a bubble. Major Wall Street institutions have an average year-end target for the S&P 500 of 7,973 points. However, most strategists believe that the direction of AI policy remains the largest variable.

华尔街见闻•2026/11/08 01:36

After the "Black Week" for tech stocks, Wall Street calls for "bottom fishing"

CoreWeave writes to Texas governor-elect seeking "data center consultation"

In this open letter, Michael Intrator stated that CoreWeave "strongly supports" Hinojosa's principled position that the growth of data centers must benefit the people of Texas. "We welcome the opportunity to work with your transition team to responsibly advance approved projects and to establish clear and lasting standards for future developments," he said.

华尔街见闻•2026/11/08 01:06

CoreWeave writes to Texas governor-elect seeking "data center consultation"

On November 5th, the US stock market plunged—this is a typical case of "active selling triggering passive selling", causing a liquidity shock in the market.

美股投资网•2026/11/07 23:39