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news-imageJanuary 8, 2025

Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December

The world's largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance between supply and demand.
Publisher: NewsBTC
Sentiment: Positive
BTC

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Neutral
cover-imageCryptoSlate
January 8, 2025

Trump-inspired digital cards debut on Bitcoin via Ordinals

The non-fungible token (NFT) collection backed by President-elect Donald Trump launched its first 160 items, the “Trump Bitcoin Digital Trading Cards,” on Bitcoin (BTC) using the Ordinals protocol. Users who acquired the 100 NFT cards from the “Mugshot Edition” and submitted their Bitcoin wallets are eligible for the claim through NFT marketplace Magic Eden.

Negative
cover-imageBenzinga
January 8, 2025

$92,000 Is Bitcoin's Key Support — Here's What Top Analyst Says Will Happen If It Fails

Pseudonymous cryptocurrency analyst Ali Martinez has cautioned that Bitcoin (CRYPTO: BTC) is vulnerable to a steep decline, citing a lack of substantial support below the $92,000 mark. What Happened: Ali's analysis, shared in a series of tweets on Wednesday, indicates that a failure to hold this level could lead to a rapid price correction down to the $74,000−$78,000.

Negative
cover-imageBenzinga
January 8, 2025

Bitcoin Is Suffering From A Shift In Macro Expectations, Analyst Says: Here's What That Means

Economist and prominent macro trader Alex Krüger shared his outlook on Bitcoin's (CRYPTO: BTC) trajectory and market dynamics for 2025, emphasizing the potential for short-term trading opportunities as macroeconomic conditions evolve. What Happened: In several posts on X, Krüger highlighted a key shift in market expectations over the past weeks: Three months ago, markets were pricing in seven 25-basis-point rate cuts by the end of 2025.

Positive
cover-imageBenzinga
January 8, 2025

XRP ETF 'Very Soon,' Likely Next After Bitcoin And Ethereum, Ripple President Says

Ripple President Monica Long has stated that an XRP spot exchange-traded fund (ETF) is likely to be approved “very soon,” and is expected to be next in line after the recently approved Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs. Long's comments suggest a significant shift in the regulatory landscape, potentially opening up (CRYPTO: XRP) to a broader investor base.

Negative
cover-imageBenzinga
January 8, 2025

Peter Schiff Doesn't 'Hate Bitcoin' But Warns 'Millions' Will Lose More Than They Can Afford In 'Speculative Mania'

Economist and market commentator Peter Schiff has issued a stark warning about the current speculative frenzy surrounding Bitcoin (CRYPTO: BTC), asserting that millions of investors will lose sums far greater than they can afford. What Happened: Schiff sought to highlight his concern about the misallocation of capital, and how the speculative mania around cryptocurrencies will damage the image of sound money principles.

Negative
cover-imageUToday
January 8, 2025

Peter Schiff Predicts MSTR, Bitcoin Crash Ahead: Details

Peter Schiff, a financial commentator and well-known Bitcoin (BTC) critic, has stirred the broader cryptocurrency space with another bold statement on X. In a post, Schiff criticized the current investment strategy by market participants betting on the U.S. government investing in a Bitcoin Reserve.

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