Bitcoin Funds’ AUM Sees Largest Pullback Since July – November 29

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $57,120

Bitcoin price has rallied from its weekend lows in the $53,000s, reclaiming the $57,000 mark once again to begin Monday.

Top-20 altcoins have had a strong 24 hours of price action, as Ethereum regains 7%, Solana rallies 11% and Cardano rises 6%.

Top Stories for November 29, 2021 πŸ”₯

πŸ‘‰ Bitcoin Funds’ AUM Sees Largest Pullback Since July

Assets under management (AUM) for Bitcoin funds has fallen 9.5% over the month of November – the largest fall since July of this year.

In contrast, funds based on other cryptocurrencies such as Ether (ETH) and others have had their respective AUM rise by 5.4%. The absolute value of Bitcoin AUM for funds now stands at $48.7 billion, while altcoin AUM stands at $16.6 billion.

πŸ‘‰ MicroStrategy Buys Another 7000 BTC In Q4, For $414M

MicroStrategy has disclosed yet another mammoth purchase of Bitcoin over the fiscal fourth quarter, purchasing 7000 BTC for a total of $414 million.

A statement by the company said that the average price the coins were purchased for was around $59,000. The purchase brings the company’s total Bitcoin holdings to 121,044 BTC.

πŸ‘‰ Bitcoin Supporter Jack Dorsey To Step Down As Twitter CEO

Twitter CEO Jack Dorsey, a vocal proponent of Bitcoin, is reportedly stepping down from his position at the social media platform.

Dorsey will be replaced by Parag Agrawal, a 10-year Twitter veteran who was formerly the platform’s chief technology officer (CTO). Dorsey will remain a member of the board until his term expires in 2022.