BTC Bitcoin Cryptocurrency Betting
Bitcoin is the cryptocurrency that started it all. There are dozens of other Cryptocurrencies you can use to deposit at BookMaker and hundreds more on the periphery, but Bitcoin is the most well-known of the bunch. Other cryptos such as Ethereum, Litecoin, Cardano, and Ripple have become more popular too, signifying how mainstream crypto is becoming to the public.
Monday, December 8, 2025 News Update
Strategy Ramps Up Bitcoin Buying With Largest Weekly Purchase Since July
Strategy, the largest publicly traded corporate holder of bitcoin, has returned to large-scale accumulation. The company disclosed that it bought 10,624 BTC last week for $962.7 million, marking its biggest weekly purchase in nearly five months as market volatility eased.
According to regulatory filings and comments from Executive Chairman Michael Saylor, Strategy paid an average of $90,615 per bitcoin between Dec. 1–7. The latest acquisition lifts the firm’s total holdings to 660,624 BTC, accumulated for roughly $49.35 billion at an average cost of $74,696.
Shares of Strategy (MSTR) traded about 2% higher in Monday’s premarket session, moving in step with bitcoin’s modest rebound. The stock has recovered from a sharp Dec. 1 low near $155 but remains more than 50% below its level six months ago following a broad selloff in crypto-linked equities.
The latest purchase represents a shift back to larger buys after months of smaller, steady weekly additions constrained by falling equity prices and limited capital-raising capacity. Last week’s transaction signals improved access to funding even as investor sentiment toward crypto-exposed stocks remains uneven.
Strategy said the acquisition was financed primarily through its at-the-market equity program. The company raised $928.1 million from selling 5.13 million MSTR common shares and another $34.9 million from issuing 442,536 STRD preferred shares, generating $963 million in net proceeds.
The firm still has substantial dry powder. Strategy reported unused at-the-market capacity of $13.45 billion in common stock and more than $26 billion across preferred and structured securities, including STRK, STRF, STRC, and STRD.
Saylor also highlighted the company’s “BTC Yield” metric — a measure of bitcoin growth per diluted share — which he said has reached 24.7% year-to-date. The metric has become central to Strategy’s positioning as a bitcoin-focused treasury and structured-finance platform rather than a traditional software company.
The purchase coincides with Saylor’s appearance at the BTC Conference in Abu Dhabi, where he has spent the past week meeting with sovereign wealth funds, banks, family offices, and hedge funds across the Middle East. Strategy did not say whether those discussions produced any financing commitments.
Bitcoin itself has climbed roughly 3% over the past 24 hours and about 1.5% on Monday morning, rebounding from recent weakness that briefly pushed prices into the low $80,000s. Some analysts attribute the move to expectations of a potential Federal Reserve rate cut this week.
Still, the broader backdrop for Strategy remains complex. Investors continue to debate whether the company’s aggressive use of equity issuance to buy bitcoin magnifies both upside and downside for shareholders. Just two weeks ago, Strategy raised nearly $2 billion to bolster liquidity for preferred dividend obligations before returning to markets again last week to fund bitcoin purchases.
The company also faces uncertainty around index inclusion. MSCI is reviewing whether firms with large digital-asset holdings should remain in traditional equity benchmarks — a move JPMorgan analysts warn could trigger billions in passive outflows if Strategy is removed.
Saylor has dismissed those concerns, arguing that Strategy is an operating company with a meaningful software division and a growing bitcoin-backed credit business, not a fund or trust. He maintains that index-classification debates do not affect the firm’s long-term strategy.
Bitcoin Weekly Price Per CoinMarketCap
| WEEK |
BITCOIN PRICE IN USD |
| December 8, 2025 |
91,505.54 |
| December 1, 2025 |
86,471.26 |
| November 24, 2025 |
85,786.03 |
| November 17, 2025 |
94,213.82 |
| November 10, 2025 |
105,441.28 |
| November 3, 2025 |
108,087.63 |
| October 27, 2025 |
114,921.25 |
| October 20, 2025 |
110,895.67 |
| October 13, 2025 |
114,274.18 |
| October 6, 2025 |
124,946.82 |
| September 29, 2025 |
113,308.24 |
| September 22, 2025 |
112,873.65 |
| September 15, 2025 |
115,005.23 |
| September 8, 2025 |
112,256.06 |
| September 1, 2025 |
109,310.83 |
| August 25, 2025 |
111,378.24 |
| August 18, 2025 |
115,714.77 |
| August 11, 2025 |
119,857.03 |
| August 4, 2025 |
114,220.61 |
| July 28, 2025 |
118,674.79 |
| July 21, 2025 |
118,976.22 |
| July 14, 2025 |
121,973.95 |
| July 7, 2025 |
108,160.58 |
| June 30, 2025 |
107,519.45 |
| June 23, 2025 |
101,566.23 |
| June 16, 2025 |
107,069.44 |
| June 9, 2025 |
107,543.46 |
| June 2, 2025 |
104,186.63 |
| May 26, 2025 |
109,844.10 |
| May 19, 2025 |
103,843.75 |
| May 12, 2025 |
104,151.94 |
| May 5, 2025 |
94,148.60 |
| April 28, 2025 |
94,635.92 |
| April 21, 2025 |
88,208.60 |
| April 14, 2025 |
85,623.93 |
| April 7, 2025 |
78,197.07 |
| March 31, 2025 |
83,428.18 |
| March 24, 2025 |
88,043.32 |
| March 17, 2025 |
82,748.61 |
| March 10, 2025 |
80,483.17 |
| March 3, 2025 |
90,833.10 |
| February 24, 2025 |
94,569.34 |
| February 17, 2025 |
96,701.18 |
| February 10, 2025 |
97,403.56 |
| February 3, 2025 |
96,864.15 |
| January 27, 2025 |
101,643.23 |
| January 20, 2025 |
106,822.51 |
| January 13, 2025 |
92,117.84 |
| January 6, 2025 |
101,692.99 |
Monday, December 1, 2025 News Update
Crypto Markets Stumble into December
December usually ushers in holiday cheer, family gatherings, and a welcome stretch of rest. But for cryptocurrency investors, the month has opened with anything but celebration. The first trading day of December has brought steep declines across the digital asset landscape, with major tokens tumbling sharply.
Broad Selloff Hits Major Coins
The downturn has been widespread, with nearly every leading cryptocurrency posting losses over the past 24 hours:
Bitcoin: down 5%
Ethereum: down 5.5%
XRP: down 6.8%
BNB: down 5.9%
Solana: down 6.8%
Dogecoin: down 8%
These drops extend a rough stretch for crypto markets. Over the past 30 days, Bitcoin has slid 21%, falling from roughly $111,000 to just above $86,600. Ethereum has shed more than 26%, XRP nearly 18%, BNB over 24%, and Solana more than 31%. Dogecoin has lost 26% in the same span.
What’s Driving the Declines?
There’s no single headline dragging crypto lower. Instead, a mix of factors is weighing on risk assets:
Fed Uncertainty: Investors are bracing for the Federal Reserve’s December 9–10 meeting. Markets currently price in an 83% chance of a 25-basis-point rate cut, according to Barchart. Lower rates typically boost liquidity and risk appetite, but if the Fed holds steady, crypto could remain under pressure.
Tech Market Volatility: Shares of AI-linked giants have stumbled—NVDA down nearly 12% and MSFT off more than 9% in the past month. Because many investors overlap between AI and crypto, weakness in one high-risk sector often spills into the other.
China Warning: The People’s Bank of China issued a warning about illegal digital token activity, rattling Hong Kong-listed crypto firms.
Forced Liquidations: CoinDesk reports margin calls triggered notable liquidations early Monday, adding selling pressure across exchanges.
Year-to-Date Perspective
2025 began with optimism, fueled by expectations of crypto-friendly policies under the Trump administration. Bitcoin even touched an all-time high above $126,000 earlier this year. Yet as of now, it sits more than 7% below its opening value. Ethereum has lost 14.6% year-to-date, and Solana has plunged 32%.
BNB stands out as a rare winner, up nearly 18% in 2025 despite the broader slump.
Looking Ahead
With one month left in the year, volatility remains the defining feature of crypto markets. A late rally could still flip the narrative, but much hinges on the Fed’s rate decision next week—and the balance of greed and fear that drives investor sentiment into the new year.
Monday, November 24, 2025 News Update
Bitcoin Erases All 2025 Gains in Brutal Month-Long Slide
Bitcoin continued its sharp decline on Friday, capping a weeks-long rout that has erased nearly $800 billion in market value since the cryptocurrency hit its 2025 peak last month. The drop has completely wiped out all of Bitcoin’s year-to-date gains, leaving the asset trading down 8% in 2025 and raising fresh doubts about its near-term trajectory.
From $125,000 to Sub-$82,000: A One-Third Haircut
Since closing at an all-time high of nearly $125,000 on October 6, Bitcoin has lost roughly one-third of its value. On Friday it briefly dipped below $82,000 — its lowest level since April — before recovering slightly to $83,509 by noon EDT (CoinGecko data). By Monday morning in New York, it was trading around $85,951, having touched an intra-day low of $80,553 over the weekend.
Worst Monthly Performance Since the 2022 Crypto Collapse
Bitcoin is on pace for its steepest monthly drop since the dark days of 2022, when a cascade of corporate failures — most notably FTX — rocked the industry. Bloomberg reports this would mark the worst November for Bitcoin in three years.
Why the Sell-Off? Tech Bubble Fears, Margin Calls, and Fed Jitters
Analysts point to multiple triggers:
Growing unease over a potential AI and tech-stock bubble is pushing investors away from risk assets.
Signs of labor-market weakness and shifting expectations for Federal Reserve rate cuts (many economists now expect the Fed to pause in December).
High correlation between Bitcoin and tech stocks: “When tech sneezes, Bitcoin catches a cold,” said Nic Puckrin, co-founder of The Coin Bureau.
Leveraged liquidations: Platforms like Coinbase now offer up to 10-to-1 leverage via perpetual futures. Sharp price drops trigger automatic margin-call liquidations, creating a downward spiral.
“When traders borrow heavily to magnify positions, any reversal triggers liquidations that accelerate the move.” — Nigel Green, CEO of deVere Group
Thomas Chen, CEO of crypto firm Function, summed up the mood: “The future is uncertain. It almost feels like it’s moving back to the question: do I even want to hold [Bitcoin] in this environment?”
Bitcoin ETFs Suffer Worst Month of Outflows on Record
U.S. spot Bitcoin ETFs are on track for their most painful month since launching in January 2024:
$3.5 billion pulled in November so far — nearly matching the previous record of $3.6 billion set in February.
BlackRock’s IBIT (which holds ~60% of the category’s assets) alone saw $2.2 billion in redemptions.
Friday set a new single-day trading volume record of $11.5 billion across the ETFs, with IBIT accounting for $8 billion of that — yet still posting $122 million in outflows.
Citi Research estimates that every $1 billion withdrawn from Bitcoin ETFs knocks roughly 3.4% off Bitcoin’s price, creating a self-reinforcing feedback loop.
Historical Perspective: Big Drawdowns Are Normal in Bull Markets
Despite the gloom, veterans remind investors that large corrections are part of Bitcoin’s DNA. Research analyst Brian Viettes of Siebert Financial noted that Bitcoin has historically seen five or more 20–30%+ corrections during every major bull market. Many view the current dip as a potential buying opportunity amid “temporary headwinds.”
Broader Risk-Off Mood Hits Everything
Bitcoin isn’t suffering alone. The riskiest corners of finance — AI stocks, meme stocks, and high-momentum trades — are all sliding. The S&P 500 is on track for its worst month since March, and Bitcoin’s short-term correlation with tech stocks just hit an all-time high.
The big question now: Is this a healthy pullback in an ongoing bull market — or the start of something deeper? For now, the crypto market remains on edge.
Monday, November 17, 2025 News Update
Bitcoin’s Rough Week
Bitcoin just endured one of its harshest stretches since spring — a gloomy parallel to the return of 5 p.m. sunsets for those who have to change their clocks twice a year. The world’s largest cryptocurrency shed roughly $300 billion in market value by Friday, after dipping below $100,000 for the first time since June. That’s a sharp reversal from just a month ago, when Bitcoin was basking at an all-time high above $126,000.
Ripple Effects Across the Sector
The selloff rippled across the sector: Ether slid to $3,100, Solana tumbled to $150, and crypto-linked equities like Coinbase and Robinhood also sank.
“Red October” and Market Losses
Last month’s rout earned the nickname “Red October.” On October 6, CoinGecko pegged the total crypto market at a record $4.4 trillion, but within days, investors unwound $19 billion in leveraged positions, triggering a 20% decline from the peak. Year-to-date gains have now been shaved to just 2.5%.
Macro Pressures and Investor Sentiment
Macro pressures — from the government shutdown to broader risk aversion — weigh heavily on digital assets. What registers as tremors in equities often hits crypto like an earthquake. Open interest in Bitcoin futures dropped $25 billion from October highs, while Galaxy Digital cut its year-end target from $185,000 to $120,000. Traders, however, continue to defend key thresholds: $100,000 for Bitcoin, $3,000 for Ether.
Institutions Keep the Market Warm
Still, analysts caution against declaring a full-blown “crypto winter.” Bitwise’s CIO noted that while retail enthusiasm has cooled, institutional demand could sustain momentum. Evidence arrived midweek when Ripple raised $500 million in a round led by Fortress Investment Group and Citadel Securities. JPMorgan analysts added Friday that the worst of the deleveraging may be over, projecting Bitcoin could climb to $170,000 within a year.
Saylor’s Treasury Model
Meanwhile, Michael Saylor doubled down on the treasury model he pioneered. Strategy Inc. disclosed $835.6 million in Bitcoin purchases last week, its largest buy since July, lifting total holdings to 649,870 tokens worth $61.7 billion. The firm financed most of the acquisition through a €620 million ($716.8 million) preferred stock sale, doubling its initial target.
Risks and Valuation Strains
But the timing underscores the risks. Bitcoin has fallen nearly 30% from its October peak, undermining hopes that Wall Street adoption, regulatory tailwinds, and ETF growth would stabilize the market. Liquidity has thinned, retail traders remain wary, and treasury firms like Strategy now trade closer to the value of their reserves — exposing how quickly these stocks can behave like leveraged bets.
The Collapse of mNAV Premiums
Strategy’s mNAV ratio — once above 2.5 — has collapsed to 1.2, erasing the premium that made it a high-beta proxy for Bitcoin. That erosion weakens the confidence loop Saylor relied on when transforming MicroStrategy into a Bitcoin vehicle in 2020. Other crypto wrappers, including BitMine Immersion Technologies, Nakamoto Holdings, and ETHZilla, have suffered similar valuation declines.
Monday, November 10, 2025 News Update
Market Wrap: Crypto Rebounds on Shutdown Deal
Bitcoin Rebounds: The largest cryptocurrency jumped past $106,000 for the first time in nearly a week before falling back slightly after reports that Senate leaders had reached an agreement to end the 40-day government shutdown, the longest in U.S. history. Bitcoin was recently up more than 4%, according to CoinGecko, after tumbling below $100,000 several times during the impasse. Even with the rebound, BTC remains more than 15% off its October record high above $126,000.
Altcoins surge alongside BTC: Ethereum, the second-largest cryptocurrency by market capitalization, climbed above $3,600 for a gain of more than 7%. XRP and Solana, the fourth- and sixth-largest coins, both advanced about 6% as digital assets broadly moved into positive territory. Ethereum has lost even more ground than Bitcoin over the past month as investors pulled back from risk-on assets.
Macro jitters weigh on ETFs and equities: Over the past eight trading days, spot Bitcoin ETFs have lost more than $2.1 billion in assets, while net outflows for nine Ethereum funds totaled $579 million. Crypto stocks have also taken a hit, with Coinbase plunging more than 9% last week and Bitcoin treasury Strategy falling over 8%. Prediction markets reflected optimism after the Senate deal, with Myriad users raising the odds of the shutdown ending before November 15 to more than 90%, up from 37% just a day earlier.
Corporate Moves: Strategy’s Big Buy
Strategy adds $50M in Bitcoin: Business intelligence firm Strategy announced its largest purchase since late September, acquiring $50 million worth of Bitcoin at an average price of $102,557. The buy pushes the company’s total holdings to 641,692 BTC and nudges its average purchase price higher to $74,079.
Investor skepticism mounts: Despite the accumulation, Strategy’s stock plunged more than 8% last week, and prominent venture capitalist Jason Calacanis suggested the company could collapse, urging investors to steer clear. S&P Global Ratings recently assigned a B- credit rating, highlighting Strategy’s lack of diversification and heavy debt obligations.
Mixed signals from dividends and critics: To entice investors, Strategy increased the dividend on one of its preferred stock offerings, though skepticism persists. The Wall Street Journal argued that the treasury model pioneered by Michael Saylor may be tapped out, while short-seller Jim Chanos closed a profitable anti-Saylor bet at Kynikos Associates. Still, Saylor’s history of dramatic comebacks has some cautioning against counting him out too soon.
Monday, November 3, 2025 News Update
Fed’s $29.4B Liquidity Boost Puts Bitcoin Back in the Spotlight
Bitcoin traders got fresh fuel for debate on Friday after the Federal Reserve injected $29.4 billion into the U.S. banking system — its largest liquidity operation since the pandemic. While the move was aimed at calming short-term funding markets, crypto investors quickly latched onto it as another reminder that bitcoin’s fortunes remain tied to the ebb and flow of fiat liquidity.
Liquidity and the Bitcoin Trade
Bitcoin has long been cast as a “liquidity barometer.” When central banks expand reserves, risk assets tend to rally, and BTC often leads the charge. The Fed’s action — conducted through its Standing Repo Facility (SRF) — temporarily boosted bank reserves, lowered repo rates, and eased borrowing pressures. For bitcoin bulls, that’s supportive.
The timing matters. BTC has struggled to break higher in recent weeks, with liquidity stress in funding markets cited as one reason. By stepping in, the Fed effectively countered some of that tightening, giving traders a narrative tailwind.
Why the Fed Stepped In
The injection wasn’t about crypto, of course. It was about plumbing. Bank reserves had slipped to $2.8 trillion, below the “ample” threshold, as two forces drained cash from the system:
Quantitative Tightening (QT): The Fed’s balance sheet runoff steadily removes reserves.
Treasury General Account (TGA): The Treasury’s buildup of its cash buffer at the Fed pulls liquidity out of circulation.
As lendable cash grew scarce, repo rates spiked. The Fed’s $29B operation was designed to smooth that stress — a short-term fix, not a policy pivot.
Bitcoin’s Takeaway
For crypto markets, the nuance matters. This was not quantitative easing (QE), which involves long-term asset purchases and balance sheet expansion. QE has historically been rocket fuel for bitcoin, driving the “money printer go brrr” narrative. Friday’s move was different: a reversible, overnight liquidity tool.
That distinction tempers the bullish case. Bitcoin may benefit at the margins, but the Fed is not signaling a return to easy money. Instead, it’s managing the side effects of QT while keeping its broader tightening stance intact.
Market Voices
“This is just a little interbank rebalance, a little credit stress, and a little tightening from the TGA,” said Andy Constan, CEO of Damped Spring Advisors. “It will all work itself out fine. If not, rates will stay elevated and the SRF will expand. Until then, it’s mostly noise.”
For bitcoin traders, though, even “noise” matters. Every liquidity injection — no matter how technical — feeds into the broader narrative that fiat systems require constant support, while BTC offers an alternative outside that cycle.
The Bigger Picture
Friday’s repo operation highlights the paradox at the heart of bitcoin’s appeal. The Fed’s intervention was routine, but it reinforced the idea that traditional markets depend on central bank liquidity. Bitcoin, by contrast, thrives on the perception of scarcity and independence.
History
In January 2009, Bitcoin was created by Satoshi Nakamoto. The identity of Nakamoto remains hotly debated to this day, but that person or group changed the world with this invention. Like many major breakthroughs, it took a while for people to grasp why Bitcoin was special. Bitcoin was created in the midst of the banking crisis, and one of its major goals was to give people another option to buy and sell products outside of a heavily regulated and centralized banking system.
The first entities to fully embrace Bitcoin were black market enterprises like Silk Road. For a while, Bitcoin became synonymous with the notorious website, but its use became more and more widespread starting in 2013.
That led to the price of Bitcoin skyrocketing and reaching incredible heights in 2017. On January 1, 2017 a single Bitcoin was worth $998, but that price rose by nearly 20-fold near the end of the year, hitting an all-time high of $19,666 on December 17, 2017. Bitcoin has left those prices in the dust in 2021, as the price of Bitcoin is approaching $50,000.
Stability
One of the major criticisms of Bitcoin is that the currency wildly fluctuates and that has proven to be true in 2021. As Bitcoin has become more accepted and understood, investors are getting a better understanding of what leads to price changes, and that has led to the Bitcoin market looking a lot like the stock market.
Security
There have been fears over how secure Bitcoin is over the years, but transactions are even more secure as they are in the traditional marketplace thanks to blockchain technology.
Whereas we are constantly hearing stories of companies having their databases hacked and identities being stolen, the nature of blockchain presents this from happening with Bitcoin.
For a transaction to occur, the sender must know their private key and digitally sign the transaction, and the signature must be verified by the network using the public key. The number of private keys makes it nearly impossible to hack into another person’s account, but there is one thing to keep in mind. You MUST keep your private key backed up somewhere or else you will lose access to your Bitcoin. Don’t make the mistake of not backing up your private key and risk losing your hard earned money.
How do I buy Bitcoin?
You can buy Bitcoin by using one of the major currency exchanges such as Coinbase or Gemini. These exchanges allow you to use a credit or debit card or bank transfer to buy Bitcoin. You can then send Bitcoin to your sportsbook account and you can withdraw Bitcoin from your sportsbook account to your digital wallet.
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