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news-imageDecember 30, 2024

Bitcoin (BTC) Downtrend Weakens Amid Increasing Whale Accumulation

Bitcoin (BTC) hit a record high on December 17 but has since dropped below $100,000. Key indicators, such as the ADX, alongside cautious whale activity, suggest a weakening downtrend.
Publisher: BeInCrypto
Sentiment: Neutral
BTC

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Positive
cover-imageThe Currency Analytics
January 2, 2025

Could the U.S. Government Buy 500,000 Bitcoin? Here's What Experts Are Saying

Anthony Scaramucci, the founder of Sky Bridge Capital, made waves by discussing the possibility of the U.S. government purchasing a massive amount of Bitcoin as part of a “strategic Bitcoin reserve.” This idea, while still speculative, is gaining traction in some political circles, and experts are now asking: could the U.S. really buy 500,000 Bitcoin?

Positive
cover-imageBitcoinist
January 2, 2025

Bitcoin In Swiss Reserves? Proposal Filed By Swiss Chancellery

A group cryptocurrency advocates in Switzerland has urged the government to consider the addition of Bitcoin in the national reserve. The Swiss Federal Chancellery initiated the process to gain the required number of signatures to push for the amendment of the country's constitution to allow the Swiss National Bank to build Bitcoin holdings.

Positive
cover-imageBenzinga
January 2, 2025

Robinhood Rings In New Year With $2.5 Million Bitcoin, Dogecoin Giveaway: CEO Vlad Tenev Celebrates Customer Loyalty

Robinhood Markets Inc. (NASDAQ:HOOD) launched 2025 with a strategic customer engagement initiative, distributing $2.5 million worth of Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) to existing users during New Year's Eve, attracting active users to its platform during the holiday. What Happened: The company's CEO Vlad Tenev emphasized the promotion's focus on existing customer loyalty rather than new user acquisition.

Positive
cover-imageCointribune
January 2, 2025

Bitcoin Finds Balance Around $95,000

The crypto market is showing encouraging signs as open interest in bitcoin reaches its lowest level in two months, suggesting a decrease in selling pressure. This development comes against a backdrop where BTC has been fluctuating around $95,000 since the end of December 2024.

Negative
cover-imageThe Daily Hodl
January 2, 2025

Benjamin Cowen Lays Out Potential Bitcoin Correction Scenario for Early 2025 – Here's His Outlook

A widely followed analyst is warning of a possible Bitcoin (BTC) correction in early 2025 as the flagship crypto asset enters its first post-halving year. In a new video update, crypto strategist Benjamin Cowen tells his 853,000 YouTube subscribers that Bitcoin may correct by double-digit percentage points in January based on historic precedence.

Positive
cover-imageCoinPedia
January 2, 2025

Hong Kong's Yuxing Technology Acquires 78.2 Bitcoin for $6.3M

Yuxing Technology, a publicly listed company in Hong Kong, has made significant moves in the cryptocurrency market. Between July 25 and December 31, 2024, the company purchased 78.2 Bitcoin at an average price of $80,960 per unit, totaling $6.3 million. In order to fund this purchase, Yuxing has to sell 6.

Neutral
cover-imageBenzinga
January 2, 2025

Peter Thiel's Bubble Theory Gains Relevance As Bitcoin Hovers Around $95K: 'Extremely Hard To Define'

As Bitcoin (CRYPTO: BTC) trades near $95,000, PayPal Holdings Inc. co-founder Peter Thiel‘s framework for identifying market bubbles offers crypto investors a timely analytical tool, drawing parallels between historical manias and current market dynamics. What Happened: Speaking at the Yale Political Union in October Thiel outlined three key bubble indicators: extreme abstraction, unsustainable exponential growth, and psychosocial mania.

Negative
cover-imageThe Currency Analytics
January 2, 2025

Peter Brandt Warns Bitcoin Faces Bearish Head-and-Shoulders Pattern

The world of cryptocurrency, where market movements can shift dramatically, seasoned trader Peter Brandt has issued a cautionary alert regarding Bitcoin's (BTC) price action. Brandt, known for his successful technical analysis and long history of predicting market trends, has raised concerns over a potential bearish signal emerging in Bitcoin's chart.

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