Ethereum had an underwhelming 2024, underperforming against Bitcoin and many top altcoins throughout the year. While BTC soared to new all-time highs, ETH struggled to reclaim its bullish momentum, leaving investors questioning its position in the market.
This week's Crypto Biz explores Bitcoin's landmark year, Crypto.com's new custody service, Russia's partial ban on crypto mining and taxes on staking rewards in the US.
According to Polymarket's latest betting activity, participants are showing a modest 30% confidence in bitcoin (BTC) reaching the $100,000 mark by the end of the year. However, in a twist, another wager on the platform indicates a 21% belief that bitcoin could leap to $150,000 by March 31, 2025.
The founder of investment firm Morgan Creek Capital is identifying what could serve as a huge catalyst for Bitcoin (BTC) and the overall crypto market in 2025.
Bitcoin exchange-traded funds (ETFs) in the United States have experienced a significant recovery, attracting $475 million in inflows, reversing a recent trend of withdrawals. This influx marks a promising rebound for Bitcoin ETFs, following a period of outflows that had seen more than $1.5 billion leave the funds.
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Bitcoin has recently shown impressive resilience despite the expiration of $14.2 billion in options in December 2024. However, a significant correction followed, causing BTC to drop to $93,000!
To qualify, companies need to maintain a minimum of 1,000 BTC in their corporate treasury and satisfy certain market requirements.
Bitcoin‘s potential for a significant upside move in the short term continues to gain traction as a positive price trend emerges on its daily chart. With upward momentum currently building, the much-anticipated next move will put the digital asset back above the pivotal $100,000 mark.
According to several high-profile Bitcoin analysts, the price of BTC may crash to $60,000 in the coming months. Bitcoin's momentum has stalled recently, and its recent major gains may prove fragile.
Cryptocurrency markets are trading down on Friday, with Bitcoin falling below the $95,000 mark. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,485.63 -1.2% Ethereum (CRYPTO: ETH) $3,358.23 +0.7% Solana (CRYPTO: SOL) $186.67 -1.3% XRP (CRYPTO: XRP) $2.17 +0.5% Dogecoin (CRYPTO: DOGE) $0.3144 +0.1% Shiba Inu (CRYPTO: SHIB) $0.00002185 +0.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 31.6% and daily active addresses falling by 0.04%.
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has made a bold prediction about Bitcoin price. He forecasts that Bitcoin will reach $350,000 by 2025, urging investors to prioritize self-custody over institutional ETFs.
Robert Kiyosaki predicts Bitcoin will hit $350,000 by 2025, citing its 130% growth this year and rising institutional interest. BlackRock's Bitcoin ETF saw a record $188.7M outflow and concerns about price manipulation.
Hemi Labs CEO Jeff Garzik sheds light on Hemi's "proof of proof" security model and his vision for a multi-chain future.
Bitwise CEO Hunter Horsley predicts 2025 will be a significant year for corporate Bitcoin adoption. Bitwise is launching an ETF focused on companies holding over 1,000 BTC, with weightings based on Bitcoin reserves.
Some quick thoughts on the book Debt: The First 5000 Years by David Graeber, and a non-Austrian view of the history of money.
The OI continued to meander sideways over the past week, a strong hint that market participants were sidelined.
As the global race for Bitcoin (CRYPTO: BTC) adoption intensifies, Anthony Pompliano, founder and CEO of Professional Capital Management, has issued a stark warning: if the United States does not prioritize Bitcoin, it risks falling behind as other nations take the lead. What Happened: In an interview with Fox Business on Thursday, Pompliano emphasized that various countries are already actively mining, buying and holding Bitcoin, and that the U.S. needs to get in the game to remain competitive in the global digital economy.
Bitcoin, clocking in at $94,504 with a market cap of $1.87 trillion, witnessed a 24-hour trading session of around $53 billion, bouncing between $93,368 and $97,133 over the past day.
The National Bank of Cambodia (NBC) is now allowing commercial banks and payment institutions to use certain “Class 1” assets like stablecoins, especially those backed by substantial fiat assets. However, the country has still banned Bitcoin.
The altcoin season could be closer than ever, as the Bitcoin Dominance has entered a historically favorable phase for alternative digital assets. According to a crypto analyst, the altcoin season has officially entered the 140-day Golden Window, a period marked by significant growth for altcoins.
Bitcoin's repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
As the Bitcoin price displays sluggish price action for over a week and the popular altcoins also follow the same trend, other cryptos are gaining traction. Bitget wallet, formerly known as BitKeep, is one of the world's largest non-custodial multi-chain crypto wallets.
Within the past month, the South Korean parliament has impeached its president and will soon do the same to its prime minister.
Bitcoin's Kimchi Premium is on fire, hitting levels not seen in months. This metric, tracking the price gap between Bitcoin on South Korea's Upbit exchange and Coinbase, has jumped to 3-5%, according to data from CryptoQuant.
Energy management platform KULR Technology is debuting its Bitcoin (BTC) treasury strategy with the acquisition of $21 million worth of the flagship crypto asset. In a new statement, the company says it bought 217.18 BTC at an average price of $96,556.53 per Bitcoin. The asset is currently trading for $95,737.
Bitcoin is on the brink of experiencing its largest options expiry in history, with a staggering $15 billion worth of options set to expire tomorrow. This significant event has caught the attention of traders, analysts, and market participants, as the outcome could have a profound impact on Bitcoin's price and market dynamics in the short term.
Robert Kiyosaki, the Rich Dad Poor Dad author recently took to X and noted Larry Fink dumping Bitcoin. He also noted that Vivek Ramaswamy criticised Fink and BlackRock, calling them “Shareholder Capitalists” and likening them to Marxists, similar to Klaus Schwab's philosophy of “owning nothing and being happy.” Larry Fink dumping Bitcoin.
Saylor is convinced that bitcoin is capital, not currency, and would like to see the whole world adopt the U.S. dollar as money instead.
Bitcoin (CRYPTO: BTC) is trading down 1.6% to $94,300 on Friday as the crypto community awaits the return of more liquid trading sessions at the start of 2025. What Happened: With Bitcoin prices dropping, crypto trader Altcoin Sherpa predicts “some weird price action” over the upcoming few weeks ,"with despair followed by an absolute moon mission and killer alt season.
Bitcoin has found itself in a challenging position, struggling to reclaim the coveted $100,000 mark after a rapid shift in market sentiment. Just weeks ago, optimism dominated the landscape, with prices surging toward new heights.
Founder of Cardone Capital Grant Cardone believes President-elect Donald Trump will promote Bitcoin as a vital tool for preserving US global dominance.
From inflation spikes to geopolitical tensions, Bitcoin's journey has been turbulent, but it's built the momentum needed for 2025.
The United States Bitcoin ETF market saw a festive turnaround on Dec. 26, as $475 million in inflows ended a four-day streak of $1.5 billion in losses. Fidelity, ARK, and BlackRock led the recovery, signaling renewed investor interest post-Christmas.
Bitcoin (BTC) saw explosive momentum starting in early November. By December 4, the leading cryptocurrency reached a new all-time high — closing above $100,000 for the first time in history.
The Bitcoin market has been a lot of back and forth during the week, as the markets are dealing with lowered liquidity, and the holidays overall. More importantly in this market though, is the fact that there are a lot of gains to digest.
On Friday, as the weekend looms, bitcoin (BTC) is holding its ground at $96,751 per coin. Over at Coinbase, a curious twist has appeared over the past 11 days with a negative premium gap of $122, while South Korea is displaying a premium of 3.3% on bitcoin's price.
Bitcoin, the world's leading cryptocurrency, has been experiencing a significant decline in recent weeks. As its price fell to around $95,120, concerns have been rising about a potential sharp crash, with some experts warning that it could plunge all the way to $60,000.
Cambodia has finally cracked the door open to crypto—kind of. For the first time, the National Bank of Cambodia (NBC) is letting commercial banks and payment companies handle stablecoins and other cryptos backed by real-world assets.
Multiple filings came in yesterday for bitcoin bond ETFs, one being to invest in MicroStrategy convertible securities.
Bitwise's ETF targets firms with over 1,000 BTC, using Bitcoin treasury size over market capitalization for portfolio weighting. The post Bitwise files ETF for firms holding over 1,000 BTC appeared first on Crypto Briefing.
The Dollar-Cost Averaging (DCA) strategy attracts many crypto investors. By regularly investing a fixed amount, they hope to mitigate market fluctuations and achieve a favorable average purchase price.
While NFT sentiment started 2024 down, demand started to grow by year's end amid significant market shifts. Here's a look back.
The Bitcoin price is still in a correction phase under $100,000, as it is currently down by 1.93% in the past 24 hours. Nonetheless, crypto analyst Titan of Crypto is sure that the leading cryptocurrency is still maintaining its trajectory to the $110,000 mark.
Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency's future.
L'Ethiopia is emerging as an innovative example of using renewable energy to support bitcoin mining. Thanks to the Grand Renaissance Dam, the country is harnessing its abundant hydroelectric power to fuel Bitcoin mining, a sector that now represents 18% of the national revenue generated from digital assets.
Michael Saylor, prominent Bitcoin evangelist and MicroStrategy co-founder, has taken to his account on the social media network X (formerly popular as Twitter) to share a big reminder about BTC with the community.
TL;DR The creation of digital representations of physical assets via blockchain is transforming markets such as real estate and bonds. Trump's administration and major players like BlackRock and Visa are driving the development of tokenization, opening new opportunities.