The Bitcoin Minute

1. MicroStrategy has made its largest-ever Bitcoin purchase, acquiring 55,500 BTC for $5.4 billion between Nov. 18 and Nov. 24 at an average price of $97,862 per coin.
2. Bitcoin ETFs saw a record $3.12 billion in weekly inflows, marking the largest such inflow on record. This surge indicates growing confidence in crypto as a mainstream investment.
3. Tim Draper, a renowned Bitcoin supporter, has made bold predictions for Bitcoin's future, expecting it to reach $120,000 by the end of 2024 and $250,000 in 2025. He attributes previous delays to regulatory hurdles.
4. Surinamese presidential candidate Maya Parbhoe has proposed making Bitcoin legal tender, aiming to combat corruption and transform Suriname's economy.
5. Bitcoin is nearing the $100,000 mark, a psychologically significant price level. Analysts predict a potential surge to $170,000, but a correction is also possible due to excessive market leverage and regulatory uncertainty.
6. Recent stablecoin exchange inflows are expected to drive Bitcoin's price towards $100,000. Analysts predict strong bullish momentum due to increased institutional and retail investment in spot U.S. Bitcoin ETFs.
7. A prominent crypto influencer has criticized Bitcoin for being a speculative plaything for the rich, highlighting its volatility and lack of accessibility to the general public.
8. Bitcoin recently reached a new all-time high of $93,477, but the price has slipped due to soaring liquidations and long-term holders taking profit. The market is balancing between $87,000 support and $93,300 resistance.
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