Benchmark cryptocurrency bitcoin (BTC) ran up a fresh all-time high of more than $106,000 in Monday's early hours. The BTC/USD pair climbed as high as $106,658 before sliding back below $105,000 at the time of writing.
US President-elect Donald Trump is reportedly considering an Executive Order to establish a Strategic Bitcoin Reserve (SBR), according to Satoshi Act Fund founder Dennis Porter. On Dec. 15, Porter shared on social media platform X (formerly Twitter) that Trump plans to use the Treasury's Exchange Stabilization Fund (ESF) to implement this strategy after his inauguration.
CK Zheng believes that Bitcoin entered a ‘Santa Claus mode' thanks to the FOMO from investors causing them to allocate more capital into BTC.
As of 9:50 a.m. UTC on Monday, December 16, Bitcoin is trading at $104,800, up 2.6% over the past twenty-four hours. Earlier today, Bitcoin reached an all-time high of $106,533 at 12:35 a.m. UTC, reflecting strong bullish momentum as the market awaits an important announcement from the U.S. Federal Reserve on Wednesday.
SUI came close to $5.
Given Bitcoin's renewed upside momentum, robust optimism and confidence in the flagship digital asset have risen significantly within the crypto community. As a result, small-scale or retail investors are demonstrating a strong interest in BTC, indicated by their continuous accumulation of the coin at a rapid rate.
The theory that the cryptocurrency market tends to ‘pump' on Sundays has been prevalent for a long time and has, relatively recently, received a ‘tail' stating that the issue with such a weekend rally is that it is followed by a ‘Monday dump.'
Bitcoin reached $105,004 amid expected Federal Reserve rate cuts and increasing institutional engagement, though analysts suggest the rate decision's impact may be limited as it's already priced into the market.
Bitcoin's new all-time high of $106,352 has set the stage for potential movement in Dogecoin's price, with analysts offering varied predictions ranging from a 125% increase to a 13.33% decrease by March 2025.
At an all-time high of $67.03 billion, Bitcoin's open interest indicates the massive comeback of liquidity to the cryptocurrency market. This occasion comes as Bitcoin has experienced a notable price rebound, currently trading at $105,313 on the daily chart.
Bitcoin's all-time high of $106.5K is fueled by rising whale activity and institutional adoption.
There's no denying that Bitcoin (BTC 2.25%) is having a magnificent year in 2024. It's now up 130% year to date, and finally appears to be tipping into the mainstream after hitting a price of $100,000 after the presidential election.
According to their report, Bitcoin could hit a price of $180,000, a major jump from its current value. But that's just the beginning.
Bitcoin confidence is above the sky this month. Today it jumped to another high at $106,533 marking a 77% rally since the bull run started on October 10. With the rise in price, the number of BTC wallets are also taking a spike.
The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024. This update aims to address accounting and disclosure practices gaps for cryptocurrencies while enhancing transparency in financial reporting.
Bitcoin surged past $106,000 as speculation over MicroStrategy's latest Bitcoin purchase fueled bullish sentiment.
As the 2024 bull market extends, fund inflows are reaching new records. Stable Ethereum (ETH) prices and new Bitcoin (BTC) price records are already reflected in DeFi.
Bitcoin's potential path to $500,000 is supported by substantial institutional investment, improved market infrastructure, and technological advancement, though regulatory and macroeconomic challenges remain as key considerations.
The spike in activity likely stems from "cash-secured" selling of the options by traders who missed the rally in the ETF.
His case marks the first criminal tax evasion prosecution in the U.S. focused solely on crypto. Ahlgren started investing in Bitcoin in 2011 and bought 1,366 BTC in 2015 when Bitcoin was trading for less than $500.
Bitcoin has just made an all-time high at $106.6K and continues to grind upwards regardless of the interim pullbacks. The market trend flipped heavily with a major change in the leadership set to happen. Donald Trump won the election and was chosen to be the next president of the U.S.
The Bitcoin to gold ratio hit a new ATH at 40 gold ounces per BTC as the Bitcoin price peaked above $106,000 on Dec. 16.
Bitcoin reached an all-time high of $106,488 before stabilizing near $104,500. Whale transfers totaling over 8,000 BTC ($878.7M) indicate strong market activity
Bitcoin (BTC) has been holding steady above $100,000 recently, but with the Federal Reserve set to make a crucial decision on interest rates, the future of Bitcoin's price is uncertain. As traders and analysts prepare for the Fed's upcoming rate meeting on December 18, many are wondering if a rate cut could send Bitcoin soaring toward $103K—or cause it to plunge.
Bitcoin has reached a new all-time high of $106,498, driven by MicroStrategy's Nasdaq 100 inclusion, consistent institutional buying, and former President Trump's strategic reserve announcement, while technical patterns suggest potential for further upside.
The cryptocurrency market has achieved a new landmark, exceeding $3.7 trillion in market capitalization, after Bitcoin price soared to reach a new all-time high (ATH) of $106,488.25. The largest cryptocurrency has demonstrated a 5.37% and 15.19% in weekly and monthly gains, respectively, dominating the market with 56.13% with a market cap of $2.07 trillion.
Bitcoin sees a fresh wave of short-term bullishness as BTC price discovery returns in time for Christmas.
Under the Christmas tree of the global economy, Bitcoin sparkles. But behind the digital gold, the shadow of a storm is gently forming.
Bitcoin (BTC 2.20%) is having its moment, and for good reason. The digital asset has soared 85% in the past three months (as of Dec. 11), and this year, it's up an astonishing 140%.
As the Bitcoin price continues its upward momentum, on-chain data reveals that Bitcoin long-term holders are beginning to sell off their assets. Historically, similar market behavior coincided with market tops in the 2021 bull cycle, raising the question of whether the pioneer cryptocurrency is finally approaching its market peak.
BTC's price notched another record, are whales behind the latest rally?
Here is a 2-minute breakdown of everything important that happened in crypto today.
Michael Saylor, co-founder and executive manager of MicroStrategy business intelligence firm famous for its Bitcoin strategy, has made a statement as the world's flagship cryptocurrency BTC reached a new all-time high several hours ago.
The Grayscale Bitcoin Trust has had $21 billion in outflows since January, overshadowing gains from the nine new US-based spot Bitcoin ETFs in the market.
Bitcoin's meteoric rise has captured global attention as it surged past $106,000, marking an unprecedented 50% gain since the US election earlier this month. The cryptocurrency market has been electrified by speculation that President-elect Donald Trump's administration will adopt a friendlier stance toward digital assets.
The Bitcoin price has continued its foray above the $100,000 threshold and is currently trading around new all-time highs. Following its recent surge to an all-time high (ATH) above $106,000, the Bitcoin price has played out an interesting pattern on the 1-day candlestick timeframe, which points to an extremely bullish outlook for the leading cryptocurrency.
New spike during the night for the price of BTC, due to the Asian markets and particularly Japan.
Bitcoin price shot up by another 6% to hit a new all-time high at $106,498 today, as investors await the Christmas rally. Today's BTC surge came following MicroStrategy's addition to Nasdaq 100 index and bullish momentum amid Donald Trump's strategic Bitcoin Reserve developments.
When it comes to trading, success depends not just on luck or timing, but on having the right tools. This is especially true when it comes to the crypto market, known for its significant and extremely fast moves.
Bitcoin wallets holding less than 1 BTC, also known as "shrimp" wallets, are expected to increase by nearly 9% in the near term, according to analyst Axel Adler.
Riot Platforms, a leading bitcoin mining company, added a substantial amount of BTC, worth approximately $510 million, to its holdings. Between December 10 and 12, Riot bought roughly $510 million in Bitcoin, bringing the total value of its BTC holdings to nearly $1.7 billion.
A user reports on X their losses but their address turns out to be a victim.
BTC is on a roll again, charting a fresh peak above $106K.
The markets began the weekly trade on a bullish note after the price of Bitcoin recorded a new ATH above $106.6K. This triggered a massive upswing in some altcoins, while others chose to trade within a narrow range.
Bitcoin's (CRYPTO: BTC) record-breaking run to $106,000 has been considerably boosted by a spurt in whale investor holdings, on-chain data revealed Sunday, although retail continued to control the majority supply. What Happened: Since the bull rally commenced on Oct. 10, there has been a net increase of 1,582 more wallets holding at least 100 BTC, blockchain analysis firm Santiment reported on X.
The crypto market today has commenced its trade on a bullish note, with Bitcoin price hitting a new ATH above $106k. This feat has led to the industry's market cap shooting up 1.72% to $3.7 trillion. The fueling optimism has resulted in the trading volumes jumping 24.55% with the numbers at $159.63 billion.
Data from the past eight years shows that bitcoin ended December in the green six times since 2015, running at least 8% to as much as 46% (in the outlier year of 2020).