World Liberty Financial, supported by the family of US President-elect Donald Trump, has exchanged $10 million in Coinbase's wrapped bitcoin, or cbBTC, for Wrapped Bitcoin.
MARA Bitcoin Investment includes acquiring 15,574 BTC for $1.53 billion at an average price of $98,529.
Ethereum price resisted pressure to break below USD 3,600, signaling a reversal trend, but its DeFi performance is a potential limiter.
El Salvador has reached a staff-level agreement with the International Monetary Fund (IMF) for a $1.4 billion Extended Fund Facility (EFF) arrangement.
The crypto markets started the day's trade having a major bearish influence after the latest interest rate cuts. The Bitcoin price plunged below $100K when the Fed Chair commented negatively on asking his opinion about the national Bitcoin reserve.
The cryptocurrency world has been buzzing with fears about quantum computing and its potential to disrupt Bitcoin's security. Some have raised alarms, suggesting that quantum computers could one day break the encryption that protects Bitcoin transactions.
Hut 8's strategic bitcoin reserve of over 10,000 BTC has been achieved through low-cost production and strategic at-market purchase. 990 Bitcoin Purchase Pushes Hut 8's Holdings Past $1 Billion Net Worth Hut 8, one of North America's largest bitcoin miners has announced the purchase of 990 BTC at an average cost of $101,710 per bitcoin.
Bitcoin briefly fell under $100K as Fed's Powell rejected U.S. Bitcoin reserve. What next for BTC?
The HRF announces their latest round of bitcoin grants, targeting key areas in Latin America, Asia, and Africa.
El Salvador has agreed with the IMF to scale back bitcoin activities for a $1.4 billion loan. Additional funding could push the total financing package above $3.5 billion.
Bitcoin has rocketed higher this year in large part due to BlackRock, the world's largest asset manager, putting its $10 trillion weight behind it
Yesterday the 100k did not hold, but only for a brief moment.
Total assets under management for bitcoin exchange-traded funds have climbed to $129 billion, surpassing gold ETFs
Hut 8 has acquired 990 Bitcoin for $100 million, boosting its total BTC holdings to over $1 billion as institutional adoption of cryptocurrency accelerates.
Hut 8 Purchase Bitcoin strategy includes acquiring 990 BTC at an average price of $101,710 and raising its reserve to 10,096 BTC.
TL;DR Michael Saylor's “intelligent leverage” strategy aims to enhance MicroStrategy's Bitcoin holdings by optimizing the company's capital structure and leveraging assets to acquire more Bitcoin. MicroStrategy's aggressive approach has significantly boosted its stock price by nearly 500% this year, outpacing Bitcoin's 150% gains, and has positioned the company for inclusion in the Nasdaq 100 Index.
Bitcoin (CRYPTO: BTC) has rebounded to $102,250 after taking a nosedive on Thursday following the FOMC meeting. What Happened: Bitcoin cratered from above $105,000 before Thursday's trading session to a low of $98,839 during U.S. night time hours.
Bitcoin (BTC) has once again demonstrated its wealth-generating potential, with the latest surge pushing its value above the $100,000 mark and creating 14,211 new millionaires and four new billionaires. A recent study by NFT Evening has shed light on just how dramatically Bitcoin has outperformed traditional investments, such as stocks, and has reshaped the financial landscape.
Bitcoin's price experienced a sharp pullback following the US Federal Reserve's recent rate cut, but market experts like Bitwise CIO Matt Hougan remain optimistic about the asset's long-term trajectory. On Dec. 18, the Federal Reserve announced a 25-basis-point rate cut, scaling back its outlook for 2024 to two cuts instead of the previously expected four.
Bitcoin has surged past its all-time high again, reaching an impressive $108,300 and solidifying its position as the market leader. This rally marks a continuation of Bitcoin's push into price discovery, fueled by growing investor demand and positive global market sentiment.
Nic Carter, Founding Partner at Castle Island Ventures, has expressed skepticism about the U.S. establishing a strategic Bitcoin reserve under the incoming Trump administration, citing risks to the dollar's global standing. What Happened: His view has sparked a sharp critique from Matthew Sigel, Head of Digital Assets Research at VanEck, who labeled Carter's perspective as “Loserthink” in a pointed social media response.
El Salvador has reached an agreement with the International Monetary Fund (IMF) for a loan of $1.4 billion.
World Liberty Financial (WLFI), a decentralized finance project backed by Donald Trump, has made a bold move by swapping $10.4 million worth of cbBTC for WBTC (Wrapped Bitcoin). The decision comes amid Coinbase's controversial delisting of WBTC, sparking speculation about WLFI's strategic direction.
The debate over Bitcoin's fixed supply has been rekindled by a BlackRock video, raising questions about the possibility of changing the 21 million unit limit. This discussion has prompted varied reactions within the crypto community, highlighting the importance of this feature for BTC.
A 5.7% slide in the price of Bitcoin ($BTC) was caused by remarks from Fed Chair Powell at the FOMC meeting on Wednesday. The Chairman said that there may only be two rate cuts for 2025.
The VIX jumped 74% yesterday after a 25bps rate cut and a hawkish outlook from Fed Chair Jerome Powell.
Ethereums price is under pressure after a 7% plunge triggered by the FOMC meeting. With bearish sell signals forming on the charts, ETH could drop to $3,100 unless bulls regain control at key support levels near $3,500.
Ethereum whale linked to Longling Capital acquired 6,000 ETH, continuing a pattern of buying low and selling high.
Ethereum price has dipped igniting fears of a potential price crash. Analysts highlight bearish signals, but some still predict a recovery.
A well-known Ethereum whale, most likely associated with Longling Capital, has taken an unexpected action in the wake of Ethereum's recent decline in value. The whale's purchase of 6,000 ETH shows confidence in a possible price spike.
El Salvador has agreed to adjust its Bitcoin policies as part of a $1.4 billion loan arrangement with the International Monetary Fund (IMF), according to a Dec. 18 statement. The global financial regulator stated that it had reached a staff-level agreement with El Salvador on a 40-month Extended Fund Facility (EFF).
The miner bought about 968 bitcoin for average price of around $104,258 each.
The BlackRock iShares Ethereum Trust (ETHA) has continued outperforming its peers after recording a 14-day inflow streak. Per data from Farside Investors, ETHA recorded an $81.9 million inflow on Dec. 18, bringing its total inflow to $3.446 billion.
November was a strong month for the miners as the rally in bitcoin outpaced the rise in the network hashrate, the report said.
Bitwise CIO Matt Hougan predicts Ethereum will outperform Solana in 2025 due to Layer-2 network improvements and AI project development, while Solana maintains strong developer growth.
Ethereum core developer Eric Connor said increasing gas limits could result in a 15% to 33% reduction in transaction fees.
Bitcoin dips below $100K as Fed signals fewer rate cuts. Powell dismisses Bitcoin reserve talks, raising investor caution. Read the technical analysis here. The post Fed's Powell Crushes Bitcoin Momentum – Is the $100,000 Floor About to Collapse? appeared first on Cryptonews.
Large-scale Ethereum withdrawals from exchanges, particularly 7.8 million ETH from Binance, have yet to impact price action as ETH trades at $3,858 amid technical bearish signals and Deutsche Bank's layer-2 development news.
Bitcoin's price experienced a sharp decline on Wednesday, December 19, briefly slipping below $100,000 to hit a low of $98,839. The drop came after the US Federal Reserve's unexpected decision to tighten its monetary policy, catching the cryptocurrency market off guard.
On December 18, 2024, Kraken, one of the largest crypto exchange platforms, announced the launch of its level 2 blockchain, Ink, on the Ethereum mainnet. This launch, initially planned for early 2025, was moved up due to the enthusiasm of the community and the rapid progress made by the development team.
A Binance survey revealed that 16% of respondents hold meme coins, surpassing Bitcoin's 14.4% while staying even more bullish going into 2025.
Ethereum's market shifts with large Binance outflows and negative sentiment, raising speculation for a price rebound.
TL;DR Kraken's Layer-2 blockchain solution, Ink, launched ahead of schedule, driven by strong community support and developer enthusiasm. Ink integrates deeply with Optimism's Superchain, expected to drive Ethereum scaling and bolster both platforms' growth and ecosystem synergy.
Ohio is taking a bold step toward Bitcoin adoption. State Representative Derek Merrin has proposed new legislation, called House Bill 703, to allow the state treasury to invest in Bitcoin.
The crypto world is in turmoil again. Over the past 24 hours, the total market value dropped by 3.4%. It's not just numbers on a screen—it's a sentiment shift that's making traders uneasy.
The Fed's FOMC meeting conclusion of fewer rate cuts in 2025 caused the crypto markets to crash. As a result, Ethereum closed 7% lower on Wednesday.
El Salvador's new IMF agreement maintains Bitcoin's legal tender status while making its acceptance voluntary and reducing government involvement, as part of a broader $1.4 billion economic reform package that could unlock additional international funding.