According to a report by financial management giant VanEck, they maintain their target price of $180,000 for Bitcoin in this current cycle and suggest that this rebound seems to have just begun based on key indicators. VanEck analyzed three key indicators: funding rates, relative unrealized profits (RUP), and retail interest trends. They pointed out that: <\/p>
1. Since November 12th, perpetual futures funding rates have remained above 10%, indicating an increasing bullish momentum; <\/p>
2. In addition, the current 30-day moving average relative unrealized profit level is about 0.54, which usually indicates that the market will reach its peak over a longer period of time; <\/p>
3. The search term popularity is only 34% of the high point in May 2021, indicating that speculative frenzy has not yet spread, and the participation of retail investors will further drive Bitcoin's upward momentum.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"11\/23","weekName":"Saturday","date":"2024-11-23","time":"14:44:23"},"newsItems":[],"titleColor":"#000000","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"568759","itemType":2,"title":"LM Funding released its latest financial report, revealing that it holds 140.5 BTC, worth $13.3 million","description":"LM Funding, a crypto mining and technology-focused professional financial company listed on Nasdaq, has released its unaudited financial report for the new period ending on October 31, 2024. The report shows that the company produced 7.3 BTC in October, which is higher than the 6.6 BTC produced in September. Currently, the company holds 140.5 BTC, worth approximately $13.3 million (based on a BTC price of $94,700 on November 20th).","coverImageUrl":"","publishedAt":"2024-11-23T06:21:27.000000Z","creator":null,"category":{"name":"Point","uri":"\/flash-news\/category\/point"},"uri":"\/flash-news\/lm-funding-released-its-latest-financial-report-33831","actionItemType":"FLASH_NEWS","content":"{\"time\":1732342885279,\"blocks\":[{\"id\":\"674173cdd581f\",\"type\":\"paragraph\",\"data\":{\"text\":\"LM Funding, a crypto mining and technology-focused professional financial company listed on Nasdaq, has released its unaudited financial report for the new period ending on October 31, 2024. The report shows that the company produced 7.3 BTC in October, which is higher than the 6.6 BTC produced in September. Currently, the company holds 140.5 BTC, worth approximately $13.3 million (based on a BTC price of $94,700 on November 20th).\"}}],\"version\":\"2.26.5\"}","contentHTML":"
LM Funding, a crypto mining and technology-focused professional financial company listed on Nasdaq, has released its unaudited financial report for the new period ending on October 31, 2024. The report shows that the company produced 7.3 BTC in October, which is higher than the 6.6 BTC produced in September. Currently, the company holds 140.5 BTC, worth approximately $13.3 million (based on a BTC price of $94,700 on November 20th).<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"11\/23","weekName":"Saturday","date":"2024-11-23","time":"14:21:27"},"newsItems":[],"titleColor":"#000000","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"568755","itemType":2,"title":"Nasdaq-listed Anixa Biosciences board approves purchase of Bitcoin as reserve asset","description":"Anixa Biosciences, a Nasdaq-listed company, has approved the purchase of Bitcoin as a reserve asset. The company also reiterated its ongoing stock buyback plan. Amit Kumar, CEO of the company, stated that the decision regarding Bitcoin is another way of prudent financial management and can achieve higher shareholder value. Anixa Biosciences is a biotechnology company focused on the treatment and prevention of cancer.","coverImageUrl":"","publishedAt":"2024-11-23T06:14:10.000000Z","creator":null,"category":{"name":"Point","uri":"\/flash-news\/category\/point"},"uri":"\/flash-news\/nasdaq-60886","actionItemType":"FLASH_NEWS","content":"{\"time\":1732342447343,\"blocks\":[{\"id\":\"67417131296dc\",\"type\":\"paragraph\",\"data\":{\"text\":\"Anixa Biosciences, a Nasdaq-listed company, has approved the purchase of Bitcoin as a reserve asset. The company also reiterated its ongoing stock buyback plan. Amit Kumar, CEO of the company, stated that the decision regarding Bitcoin is another way of prudent financial management and can achieve higher shareholder value. Anixa Biosciences is a biotechnology company focused on the treatment and prevention of cancer.\"}}],\"version\":\"2.26.5\"}","contentHTML":"
Anixa Biosciences, a Nasdaq-listed company, has approved the purchase of Bitcoin as a reserve asset. The company also reiterated its ongoing stock buyback plan. Amit Kumar, CEO of the company, stated that the decision regarding Bitcoin is another way of prudent financial management and can achieve higher shareholder value. Anixa Biosciences is a biotechnology company focused on the treatment and prevention of cancer.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"11\/23","weekName":"Saturday","date":"2024-11-23","time":"14:14:10"},"newsItems":[],"titleColor":"#000000","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"568741","itemType":2,"title":"Blockchain iGaming platform BoxBet completes new round of financing, led by CMCC Global","description":"the blockchain iGaming platform BoxBet has completed a new round of financing led by CMCC Global. It is reported that this investment institution is supported by Richard Li's Pacific Century Group and the Winklevoss brothers' cryptocurrency exchange Gemini. The new funds are intended to be used to recruit talents in the technology field to expand its team.","coverImageUrl":"","publishedAt":"2024-11-23T05:50:41.000000Z","creator":null,"category":{"name":"Financing","uri":"\/flash-news\/category\/financing"},"uri":"\/flash-news\/blockchain-igaming-platform-boxbet-completes-new-round-of-financing-72221","actionItemType":"FLASH_NEWS","content":"{\"time\":1732341038788,\"blocks\":[{\"id\":\"67416a62a480b\",\"type\":\"paragraph\",\"data\":{\"text\":\"the blockchain iGaming platform BoxBet has completed a new round of financing led by CMCC Global. It is reported that this investment institution is supported by Richard Li's Pacific Century Group and the Winklevoss brothers' cryptocurrency exchange Gemini. The new funds are intended to be used to recruit talents in the technology field to expand its team.\"}}],\"version\":\"2.26.5\"}","contentHTML":"
the blockchain iGaming platform BoxBet has completed a new round of financing led by CMCC Global. It is reported that this investment institution is supported by Richard Li's Pacific Century Group and the Winklevoss brothers' cryptocurrency exchange Gemini. The new funds are intended to be used to recruit talents in the technology field to expand its team.<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"11\/23","weekName":"Saturday","date":"2024-11-23","time":"13:50:41"},"newsItems":[],"titleColor":"","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}},{"itemId":"568731","itemType":2,"title":"The legendary \"dimethyltryptamine.eth\" spent 136.5 ETH to buy 246.1 million WOJAKs, and the holdings increased to 957.84 million","description":"According to Spot On Chain, legendary figure \"dimethyltryptamine.eth\" used PEPE to turn $45,000 into $46.9 million and converted all MOODENG to WOJAK in the past 12 hours! Sold 2.105 billion MOODENG for 134.4 ETH ($443,000) and made a profit of 77.4 ETH ($255,000, +135%) in 1.5 months. Purchased 246.1 million WOJAK for 136.5 ETH ($450,000), increasing holdings to 957.84 million WOJAK ($1.75 million) and making a profit of $1.05 million (+149%).","coverImageUrl":"","publishedAt":"2024-11-23T05:48:06.000000Z","creator":null,"category":{"name":"Data","uri":"\/flash-news\/category\/data"},"uri":"\/flash-news\/the-legendary-77597","actionItemType":"FLASH_NEWS","content":"{\"time\":1732340881854,\"blocks\":[{\"id\":\"674169ea5661f\",\"type\":\"paragraph\",\"data\":{\"text\":\"According to Spot On Chain, legendary figure \\\"dimethyltryptamine.eth\\\" used PEPE to turn $45,000 into $46.9 million and converted all MOODENG to WOJAK in the past 12 hours! Sold 2.105 billion MOODENG for 134.4 ETH ($443,000) and made a profit of 77.4 ETH ($255,000, +135%) in 1.5 months. Purchased 246.1 million WOJAK for 136.5 ETH ($450,000), increasing holdings to 957.84 million WOJAK ($1.75 million) and making a profit of $1.05 million (+149%).\"}}],\"version\":\"2.26.5\"}","contentHTML":"
According to Spot On Chain, legendary figure \"dimethyltryptamine.eth\" used PEPE to turn $45,000 into $46.9 million and converted all MOODENG to WOJAK in the past 12 hours! Sold 2.105 billion MOODENG for 134.4 ETH ($443,000) and made a profit of 77.4 ETH ($255,000, +135%) in 1.5 months. Purchased 246.1 million WOJAK for 136.5 ETH ($450,000), increasing holdings to 957.84 million WOJAK ($1.75 million) and making a profit of $1.05 million (+149%).<\/p>\n","feeling":"unknown","counter":{"LIKES":0,"DISLIKES":0,"COMMENTS":0},"dateBoard":{"dayHuman":"Today","monthAndDay":"11\/23","weekName":"Saturday","date":"2024-11-23","time":"13:48:06"},"newsItems":[],"titleColor":"#000000","hot":{"value":0,"title":"","backgroundColor":"#FFFFFF"}}]}