Over 20 on-chin metrics and indicators suggest that BTC is not done with this bull run yet and still has the potential to reach unprecedented highs.
Cryptocurrencies rebounded this morning after sustaining heavy losses this week following the Federal Reserve's final meeting of the year on Wednesday. The meeting included a cut of 25 basis points in interest rates and more hawkish rhetoric from Fed chair Jerome Powell that seemed to catch investors off guard.
Metaplanet, a Japanese investment firm, has issued more debt to buy Bitcoin despite apparent pushback from shareholders this week.
The price of the meme-inspired cryptocurrency Dogecoin is down nearly 7% over the last 24-hour period to now stand at $0.31 per DOGE, down from around $0.40 a week ago amid a wider cryptocurrency market downturn.
The company announced the acquisition of $1 million in Bitcoin and other cryptocurrencies on Dec. 20, triggering a 10% drop in its stock.
Total assets under management across all Ethereum ETF products currently stand at approximately $11 billion.
The crypto market has been marked by a historic event: Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $671.9 million in a single day. This event represents the largest fund outflow ever recorded for these financial instruments, highlighting a complex and changing dynamic in the cryptocurrency investment landscape.
The SEC approved the first-ever hybrid Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, broadening institutional crypto access.
Bitcoin is under intense bearish pressure as it struggles to reclaim the $99,575 mark, a key resistance level that has proven to be a significant hurdle. After an impressive rally earlier in the month, BTC's momentum has slowed, with sellers taking control and keeping the cryptocurrency in a tight range below this critical threshold.
The Ethereum price is down over 6% in the last 24 hours, dropping to as low as $3,120 during this period. This price drop is due to several factors, including the Fed's hawkish stance, which paints a bearish picture, not just for ETH but also for the broader crypto market.
Bitcoin's recent price drop from $99,000 has raised questions among investors and analysts about the cryptocurrency's next move. As BTC hovers around $96,000, many are speculating whether the dip signals a larger sell-off or merely a temporary pause before a bullish recovery.
Horizen price spiked more than 60% in 24 hours as the cryptocurrency market looked to recover from a massive dump that saw top altcoins crash to key support levels. On Dec.
TL;DR More than $2.6 billion in Bitcoin and Ethereum options expire today, which could generate significant volatility in the prices of both cryptocurrencies and altcoins. Bitcoin accounts for $2.02 billion of the expirations, while Ethereum represents $598.99 million.
Nic Carter lays out his arguments against a Bitcoin Strategic Reserve.
France's banking giant, Groupe BPCE, is reportedly set to roll out Bitcoin investment services for its massive customer base of 35 million. This is done through Hexarq, BPCE's crypto-focused subsidiary, with a fully licensed operation backed by France's financial regulator, the Autorité des marchés financiers (AMF).
The excitement of the Bitcoin (BTC) bull run, coupled with the holidays, has many individuals looking for the perfect “crypto-themed” gifts to give to their loved ones. The post Five Unique Holiday Gifts For Bitcoin and Crypto Enthusiasts appeared first on Cryptonews.
El Salvador bought 11 BTC, increasing its reserves to 5,980 BTC, worth around $580 million. The IMF deal requires scaling back government Bitcoin activities, including shutting down the Chivo wallet.
Social media mentions of ‘buy the dip' hit an 8-month high as Bitcoin dropped below $100K. The social dominance score reached its highest level since April 12, 2024.
Ark Invest CEO Cathie Wood reiterated her bullish outlook on Bitcoin (BTC), predicting that it will soar past $1 million by the end of the decade. She made the prediction during a Bloomberg Markets interview, in which she attributed Bitcoin's rising value to its finite supply of 21 million coins and growing institutional interest.
Michael Saylor, Chairman of MicroStrategy business intelligence firm, dropped his usual post on X. The message reflects Saylor's bullish disposition to Bitcoin (BTC) regardless of market dynamics.
BPCE enables BTC and crypto purchases via its subsidiary Hexarq.
Dogecoin holders eagerly await Elon Musk, the “Dogefather,” to drive DOGE to $5, but a new contender, Rexas Finance (RXS), priced at just $0.15, is gaining momentum and could hit the mark even faster. With its focus on tokenizing real-world assets, a successful presale raising over $27.
Bitcoin (BTC) is facing a bearish short-term indication, with a "death cross" appearing on its hourly chart. Bitcoin's 50-hour moving average has markedly fallen below the 200-hour moving average, confirming a "death cross.
A US court of appeals has announced further dates for the XRP lawsuit, as per the notice of appeal filing in the district court. Notably, the opening brief will be filed on March 6 next year, whereas and Ripple Labs, XRP II and CEO Brad Garlinghouse will file their reply to the appellant's principal brief
Amid the ongoing cryptocurrency market downturn, World Liberty Financial (WLFI), a decentralized finance project associated with President-elect Donald Trump, has increased its Ethereum (ETH) holdings. Recent data from Etherscan reveals that the project has acquired over 1,481 ETH in a single day, continuing its strategy of buying during market dips.
Crypto markets barreled downwards on Friday, Dec. 20, driven by Bitcoin's drop below $100,000, a broad spot price dip, and a funding flush
Looking at the current situation on the cryptocurrency market, one can wonder how everything was "blooming and smelling" three days ago. Back then, Bitcoin (BTC) was trading above $108,000, Ethereum was valued at an arm's length away from $4,000 and Solana failed to collapse 34% from its all-time high.
TL;DR The SEC approves the first hybrid ETFs combining Bitcoin and Ethereum, a significant step towards integrating cryptocurrencies with traditional markets. The funds, Hashdex Nasdaq Crypto Index US and Franklin Crypto Index, will have an approximate distribution of 80% Bitcoin and 20% Ethereum.
El Salvador buys 11 Bitcoin after a $1.4 billion loan from the IMF. A daring strategy despite restrictions.
World Liberty, the crypto project backed by the Donald Trump family, has bought the dip with another $2.5 million spent on Ethereum.
XRP, the fourth largest cryptocurrency by market capitalization, plunged as much as 16% in today's trading session, as the broader crypto market decline accelerated on Friday.
Billy Markus, founder of Dogecoin (DOGE) known on social media as Shibetoshi Nakamoto, dropped a cryptic post on X. The post reflects his reaction to the rapid decline witnessed in the prices of Bitcoin (BTC), Dogecoin (DOGE) and Ethereum (ETH).
Although Shiba Inu and Dogecoin have been capturing headlines for some years, a new contender, PropiChain, is positioning itself as the future of blockchain innovation. Industry analysts predict that PropiChain could soar by 65,000% by January 2025, leaving meme coins like Dogecoin and Shiba Inu in the dust. This surge isn't just speculation.
Spon On Chain reported another 722 ETH purchase by Trump's project World Liberty Financial (WLFI). WLFI currently holds a significant 15,595 ETH, including 5 other tweets.
The FOMC press conference was held on Wednesday, as the Chairman told us that he doesn't know what to do. With this, risk appetite has been bashed, and therefore, Bitcoin will struggle.
The Dogecoin price is at risk of more decline following a recent whale movement, which indicates a potential sell-off. The foremost meme coin is already down over 18% in the last 24 hours amid this recent crypto market crash.
BTC price weakness finds support at familiar levels with Bitcoin traders seeing historical patterns playing out.
Bitcoin has managed to keep its lead in the crypto market for the time being, but the rise of varying altcoins shows that they will very likely overtake it shortly. These cryptocurrencies are gaining strength due to their unique aspects and core communities.
The correction continues on the crypto market, according to CoinStats.
While the crypto market continues to wipe out deposits on a large scale and liquidate overly greedy and late traders, large-scale cryptocurrency transfers involving unknown wallets continue to take place in the background. One such attention-grabbing transfer was the transfer of 666 BTC, which at current prices is equivalent to $62.17 million.
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, is garnering significant attention from the crypto community following a continuous price decline. However, there are several speculations regarding this price drop. Some believe it might be linked to the defunct crypto exchange Mt. Gox, while others attribute it to Fed Chair Jerome Powell's anti-crypto stance.
The Bitcoin price has dropped below the $100,000 psychological level and is now holding between the $96,000 and $98,000 range. Crypto analyst Ali Martinez provided insights into why Bitcoin could be holding well within this range.
An analyst who nailed Bitcoin's pre-halving correction this year is laying out a worst-case scenario as BTC dips to $97,000. The analyst pseudonymously known as Rekt Capital tells his 102,000 YouTube subscribers that Bitcoin is technically in a parabolic uptrend but could decline further based on historic precedence.
Bitcoin's price correction dragged major altcoins with it with the global crypto market cap decreasing by 9.53%. Major Altcoins Follow BTC Dip Bitcoin‘s price correction extended into Friday, Dec. 20, as the number one crypto continued to shed its recent gains.
It was another wild week for the entire cryptocurrency market, with a new BTC peak as well as a massive double-digit crash.
Popular crypto trader known online by the nickname DonAlt shared an updated outlook on the price of Bitcoin (BTC). The price of the major cryptocurrency has lost over 14% in the last three days and is currently trading at just under $94,000 per BTC.
The U.S. Securities and Exchange Commission (SEC) has approved the first crypto index exchange-traded funds (ETFs) from Hashdex and Franklin Templeton.
Tokyo-based investment firm Metaplanet Inc. has successfully raised 9.5 billion yen (approximately $60.6 million) by issuing two tranches of bonds to enhance its Bitcoin acquisition strategy.