The International Monetary Fund (IMF) has agreed to issue a $1.4 billion loan facility to the government of El Salvador, but there are some strings attached related to the Central American country's Bitcoin (BTC) and crypto adoption policies.
TL;DR Bedrock launches brBTC, a liquid restaking token marking the beginning of BTCFi 2.0, focused on maximizing returns and overcoming Bitcoin's DeFi limitations. BTCFi 2.0 introduces greater cohesion, Layer-2 security, and diversified strategies, integrating Bitcoin into real-world economic applications globally.
Top US-based crypto exchange platform Coinbase is removing support for Wrapped Bitcoin (wBTC) as the crypto king crashes below six figures.
Crypto prices fell sharply following the Fed's economic outlook, with major coins down significantly amid a broader market correction.
Bitcoin's (CRYPTO: BTC) sell-off on Friday saw prices dip below $93,000, but Bitwise CIO Matt Hougan argues that the current pullback is a “hiccup” rather than a trend reversal. Hougan sees strong underlying factors including regulatory tailwinds, institutional adoption and Bitcoin purchases by governments as structurally bullish factors for Bitcoin.
Bitcoin's recent performance has reignited interest among investors and analysts, drawing parallels with historical market cycles. Blockchain analytics firm Glassnode reports that Bitcoin's current trajectory resembles previous cycles, including 2015-2018 and 2018-2021, even as the cryptocurrency adapts to changing market dynamics.
On Friday afternoon, crypto markets appeared to catch their breath, though traders remained on edge, bracing for bitcoin's next twist. At press time, BTC was trading at $96,800 to $97,150 per coin, while the broader crypto economy stood at $3.34 trillion—down 2.7% after some recovery.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Ark Invest CEO Cathy Woods explains why she remains extremely bullish long term.
A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.
Bitcoin's supply dynamics are shifting dramatically, with demand surging and available sell-side inventory shrinking to its lowest levels in over four years, according to research from Cryptoquant and its analysts.
Quantum BioPharma Ltd., a Nasdaq-listed biotech and medical research company, has purchased $1 million in Bitcoin and other cryptocurrencies as part of a strategic move approved by its board of directors.
Solana surged 200% to $216 in 2024, while USDT's role in DeFi and real-world assets signals further growth ahead. The post BTC went viral in 2024.
The crypto market started off with mixed signals, with Bitcoin leading the altcoins following the launch of the spot BTC ETFs. However, the rest of the year proved to be rather bleak until Q4.
Over 20 on-chin metrics and indicators suggest that BTC is not done with this bull run yet and still has the potential to reach unprecedented highs.
Metaplanet, a Japanese investment firm, has issued more debt to buy Bitcoin despite apparent pushback from shareholders this week.
The company announced the acquisition of $1 million in Bitcoin and other cryptocurrencies on Dec. 20, triggering a 10% drop in its stock.
The crypto market has been marked by a historic event: Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $671.9 million in a single day. This event represents the largest fund outflow ever recorded for these financial instruments, highlighting a complex and changing dynamic in the cryptocurrency investment landscape.
The SEC approved the first-ever hybrid Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, broadening institutional crypto access.
Bitcoin is under intense bearish pressure as it struggles to reclaim the $99,575 mark, a key resistance level that has proven to be a significant hurdle. After an impressive rally earlier in the month, BTC's momentum has slowed, with sellers taking control and keeping the cryptocurrency in a tight range below this critical threshold.
Bitcoin's recent price drop from $99,000 has raised questions among investors and analysts about the cryptocurrency's next move. As BTC hovers around $96,000, many are speculating whether the dip signals a larger sell-off or merely a temporary pause before a bullish recovery.
Horizen price spiked more than 60% in 24 hours as the cryptocurrency market looked to recover from a massive dump that saw top altcoins crash to key support levels. On Dec.
TL;DR More than $2.6 billion in Bitcoin and Ethereum options expire today, which could generate significant volatility in the prices of both cryptocurrencies and altcoins. Bitcoin accounts for $2.02 billion of the expirations, while Ethereum represents $598.99 million.
Nic Carter lays out his arguments against a Bitcoin Strategic Reserve.
France's banking giant, Groupe BPCE, is reportedly set to roll out Bitcoin investment services for its massive customer base of 35 million. This is done through Hexarq, BPCE's crypto-focused subsidiary, with a fully licensed operation backed by France's financial regulator, the Autorité des marchés financiers (AMF).
The excitement of the Bitcoin (BTC) bull run, coupled with the holidays, has many individuals looking for the perfect “crypto-themed” gifts to give to their loved ones. The post Five Unique Holiday Gifts For Bitcoin and Crypto Enthusiasts appeared first on Cryptonews.
El Salvador bought 11 BTC, increasing its reserves to 5,980 BTC, worth around $580 million. The IMF deal requires scaling back government Bitcoin activities, including shutting down the Chivo wallet.
Social media mentions of ‘buy the dip' hit an 8-month high as Bitcoin dropped below $100K. The social dominance score reached its highest level since April 12, 2024.
Ark Invest CEO Cathie Wood reiterated her bullish outlook on Bitcoin (BTC), predicting that it will soar past $1 million by the end of the decade. She made the prediction during a Bloomberg Markets interview, in which she attributed Bitcoin's rising value to its finite supply of 21 million coins and growing institutional interest.
Michael Saylor, Chairman of MicroStrategy business intelligence firm, dropped his usual post on X. The message reflects Saylor's bullish disposition to Bitcoin (BTC) regardless of market dynamics.
BPCE enables BTC and crypto purchases via its subsidiary Hexarq.
Bitcoin (BTC) is facing a bearish short-term indication, with a "death cross" appearing on its hourly chart. Bitcoin's 50-hour moving average has markedly fallen below the 200-hour moving average, confirming a "death cross.
Crypto markets barreled downwards on Friday, Dec. 20, driven by Bitcoin's drop below $100,000, a broad spot price dip, and a funding flush
Looking at the current situation on the cryptocurrency market, one can wonder how everything was "blooming and smelling" three days ago. Back then, Bitcoin (BTC) was trading above $108,000, Ethereum was valued at an arm's length away from $4,000 and Solana failed to collapse 34% from its all-time high.
TL;DR The SEC approves the first hybrid ETFs combining Bitcoin and Ethereum, a significant step towards integrating cryptocurrencies with traditional markets. The funds, Hashdex Nasdaq Crypto Index US and Franklin Crypto Index, will have an approximate distribution of 80% Bitcoin and 20% Ethereum.
El Salvador buys 11 Bitcoin after a $1.4 billion loan from the IMF. A daring strategy despite restrictions.
Billy Markus, founder of Dogecoin (DOGE) known on social media as Shibetoshi Nakamoto, dropped a cryptic post on X. The post reflects his reaction to the rapid decline witnessed in the prices of Bitcoin (BTC), Dogecoin (DOGE) and Ethereum (ETH).
The FOMC press conference was held on Wednesday, as the Chairman told us that he doesn't know what to do. With this, risk appetite has been bashed, and therefore, Bitcoin will struggle.
BTC price weakness finds support at familiar levels with Bitcoin traders seeing historical patterns playing out.
BTC price weakness finds support at familiar levels with Bitcoin traders seeing historical patterns playing out.
Bitcoin has managed to keep its lead in the crypto market for the time being, but the rise of varying altcoins shows that they will very likely overtake it shortly. These cryptocurrencies are gaining strength due to their unique aspects and core communities.
The correction continues on the crypto market, according to CoinStats.
While the crypto market continues to wipe out deposits on a large scale and liquidate overly greedy and late traders, large-scale cryptocurrency transfers involving unknown wallets continue to take place in the background. One such attention-grabbing transfer was the transfer of 666 BTC, which at current prices is equivalent to $62.17 million.
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, is garnering significant attention from the crypto community following a continuous price decline. However, there are several speculations regarding this price drop. Some believe it might be linked to the defunct crypto exchange Mt. Gox, while others attribute it to Fed Chair Jerome Powell's anti-crypto stance.
The Bitcoin price has dropped below the $100,000 psychological level and is now holding between the $96,000 and $98,000 range. Crypto analyst Ali Martinez provided insights into why Bitcoin could be holding well within this range.
Bitcoin's price correction dragged major altcoins with it with the global crypto market cap decreasing by 9.53%. Major Altcoins Follow BTC Dip Bitcoin‘s price correction extended into Friday, Dec. 20, as the number one crypto continued to shed its recent gains.
It was another wild week for the entire cryptocurrency market, with a new BTC peak as well as a massive double-digit crash.