Tesla's net income was boosted by a recent change in how companies account for their holdings of digital currencies.
Bitwise's Matt Hougan said crypto wouldn't “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before.
Bitcoin price started a fresh upward move above $102,000. BTC is rising and might gain pace for a move above the $105,000 resistance zone.
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024.
Metaplanet raised $760M to buy 10,000 BTC by 2025, adopting MicroStrategy's strategy as its stock surged 245% since November.
Tesla's Bitcoin holdings rose by $600 million in the fourth quarter after implementing a new accounting rule.
El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary.
Bitcoin has experienced significant volatility in recent days, navigating through bearish sentiment and market uncertainty. Despite this, BTC remains strong above the $100K mark, holding a key psychological and technical level.
Bitcoin shot up 4.5% on Jan. 29, climbing to around $105,000 after the Federal Reserve decided to hold interest rates steady. Traders snapped back to riskier assets after five straight days of losses.
The operation will mine Bitcoin and several other tokens as part of the firm's broader venture mining push.
Steve Kurz, Galaxy global head of asset management, joins 'Fast Money' live in Miami talks the direction of crypto in 2025.
Bitcoin is once again gaining traction, and a discernible increase in trading volume indicates that market volatility is returning. The price is resilient above important support levels, currently trading at about $102,700.
Bitcoin sees reduced exposure as traders tread carefully, but the odds of a major crash remain unlikely.
Bitcoin has experienced heightened volatility in recent days, with price action fluctuating between key levels amid ongoing bearish sentiment and market uncertainty. However, despite the turbulence, BTC remains resilient above the crucial $100,000 mark, signaling strength in the long-term trend.
The gain reflects a new accounting adjustment, lifting Tesla's reported digital asset value to $1.076 billion from $184 million.
Bitcoin (BTC) has recently made a sharp rebound after dipping below $100,000, surging 4.73% to settle just above $102,000. This price recovery follows a brief period of decline, fueling renewed optimism in the market.
Bitwise CIO Matt Hougan has suggested that the four-year cycle that has previously characterised Bitcoin could be disrupted by the latest executive order from president of the United States, Donald Trump. The cycle that has alternatively shown gains for three years and then a correction may not occur in 2026 as expected.
Dan Patrick, Lieutenant Governor for the State of Texas, listed Bitcoin Reserve as a top priority for 2025. Other industry-adjacent priorities include “Texas D.O.G.E.
CME Group announced on Jan. 29 that it would introduce options on its Bitcoin (BTC) Friday futures. The new contracts will launch on Feb. 24.
DeepSeek's launch triggered $534M in crypto outflows, crashing Bitcoin and Ethereum ETFs, while XRP defied the trend with fresh inflows.
Bitcoin bounced after comments from U.S. Federal Reserve chair Jerome Powell at the FOMC signaled banks' ability to serve crypto clients.
Texas Lieutenant Governor Dan Patrick revealed that establishing a Bitcoin reserve in the state will be among 2025's legislative priorities.
During a confirmation hearing to become Commerce Secretary, the billionaire Bitcoin backer faced questions about his firm's ties to Tether.
Traditional Bitcoin market patterns might be changing due to Trump's executive order on cryptocurrency and increasing institutional involvement, suggesting a possible shift from the historical four-year cycle.
New FASB rules allow for corporate bitcoin owners to mark those assets to market.
According to a TradingView crypto analyst named ‘TradingShot,' the Bitcoin price has formed a Double Bottom pattern and is on track to reach a new All-Time High (ATH) of $112,000. This potential shift in trajectory comes after the cryptocurrency experienced a severe price crash that briefly pushed it below the $100,000 mark.
Robinhood's BTC futures product will face competition from rivals like the CME Group and Coinbase Derivatives Exchange.
Cryptocurrency markets are trading slightly up as the Federal Reserve continue to hold interest rates steady. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $103,822 +2.6% Ethereum (CRYPTO: ETH) $3,119 +0.6% Solana (CRYPTO: SOL) $233.27 +2.1% XRP (CRYPTO: XRP) $3.00 +0.2% Dogecoin (CRYPTO: DOGE) $0.3288 +2.3% Shiba Inu (CRYPTO: SHIB) $0.00001853 +1.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 21.4% and daily active addresses falling by 7.8%.
CME Group expands its crypto offerings with Bitcoin Friday options, featuring daily expiries and smaller contract sizes to improve capital efficiency for traders.
Bitcoin futures traders liquidated shorts after today's Fed FOMC comments aligned with the market consensus.
Texas Lieutenant Governor Dan Patrick has announced plans to establish a Bitcoin reserve for the state as part of his top 40 priority bills for the 2025 legislative session. The proposal, listed as Senate Bill 21, aligns with growing efforts by several U.S. states to integrate Bitcoin into financial strategies.
In a recent development, the Czech Republic plans to adopt a Bitcoin reserve. Senator Cynthia Lummis is urging the US to act on its own Bitcoin reserve proposal before the Czech Republic does. Lummis' proposal has inspired other countries to consider creating their own Bitcoin reserves, but the US has not yet implemented the plan.
The head of the Czech National Bank is reportedly proposing to invest 5% of the country's reserves in Bitcoin (BTC).
Texas Lieutenant Governor Dan Patrick has listed the creation of a state-level Bitcoin reserve among the top legislative priorities for the current year.
The US Strategic Bitcoin Reserve has once again come into focus as the Czech Republic prepares to adopt a BTC reserve. In the latest development, Senator Cynthia Lummis pushed the US to take a decisive action on the Bitcoin reserve proposal ahead of the Czech Republic.
Ray Dalio, founder of Bridgewater Associates, has shared his insights on the current U.S. fiscal situation and potential global economic challenges, addressing the role of Bitcoin (CRYPTO: BTC) in the process. What Happened: Dalio weighed in on the U.S. debt crisis and the best assets for preserving wealth in an interview on the All-In podcast.
Texas Lieutenant Governor Dan Patrick has announced plans to establish a “Texas Bitcoin Reserve” as part of his top legislative priorities for the 2025 session.
Digital Currency Group (DCG) has announced the launch of Fortitude Mining, a new subsidiary focused on diversifying exposure to high-growth crypto assets and Proof-of-Work ecosystems beyond Bitcoin (BTC). DCG CEO Barry Silbert revealed the move in a social media post on Jan. 29, calling Fortitude Mining the company's fifth subsidiary.
Bitcoin (BTC) has shown a swift recovery, climbing back above $95,000 after experiencing a notable dip below this level just a day prior. This price rebound has reignited discussions among analysts about the underlying market dynamics and potential future trends.
Bitcoin's U.S. institutional interest continues to drive growth, but is there trouble brewing?
"We do not need to be in a hurry to adjust our policy stance," Fed Chair Jerome Powell said Wednesday, as Bitcoin bounced around.
Global derivatives marketplace CME Group Inc (NASDAQ:CME) on Wednesday announced the upcoming launch of options on its Bitcoin (CRYPTO: BTC) Friday futures contracts, pending regulatory approval. These new contracts are set to be the first financially-settled cryptocurrency options offered by CME Group with daily expiries available Monday through Friday, aiming to provide traders greater flexibility for managing short-term Bitcoin price risk.
Recent data from Glassnode shows that new buyers, who have held their assets for 24 hours to three months, now own 50% of the market's value.
Bitcoin (BTC) price has been volatile, gaining 9% in the last 30 days but dropping 3% in the past week, with its market cap hovering around $2 trillion. Despite the recent downside, BTC appears to be consolidating, as its EMA lines trade closely together, and its DMI chart signals weak trend strength.
The Fed keeps rates at 4.25%-4.50%, avoiding commitment to cuts. Bitcoin dips 1% but remains above $100K as markets assess Powells stance.
Popular crypto wallet Phantom has launched support for Sui, which joins the likes of Solana, Bitcoin, and Ethereum in the app.
Bitcoin's price traded flat on Wednesday afternoon after the Federal Reserve held interest rates steady at 4.25%-4.50%.
As of Jan. 29, 2025, bitcoin trades at $102,785, hovering within a 24-hour range of $100,272 to $103,053. The cryptocurrency's market capitalization stands at $2.02 trillion, supported by $35.55 billion in daily trading volume.