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news-imageJanuary 7, 2025

Bitcoin Enters Late Bull Cycle Stage, Says Analyst: What Investors Need to Know Now

The cryptocurrency market, led by Bitcoin, has often followed a pattern of alternating growth and decline cycles, reflecting investor sentiment and market fundamentals. Since the beginning of the current bull cycle in January 2023, Bitcoin has demonstrated substantial gains in both price and market duration.
Publisher: NewsBTC
Sentiment: Positive
BTC

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Positive
cover-imageCoinPedia
January 8, 2025

Bhutan's City To Add Bitcoin, Ethereum & Binance To Strategic Reserves

Bhutan's newly established Gelephu Mindfulness City (GMC) has announced its plan to include digital assets such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) as part of its strategic reserves. This initiative positions GMC as one of the first Special Administrative Regions (SARs) to officially integrate digital currencies into its economic framework.

Positive
cover-imageNewsBTC
January 8, 2025

Less Than 1% Of Bitcoin Investors In Loss After BTC Reclaims $100,000

On-chain data shows less than 1% of all Bitcoin holders are still in loss following the surge in the asset's price above the $100,000 level. Very Few Bitcoin Addresses Are Sitting Underwater At Current Price In a new post on X, the market intelligence platform IntoTheBlock has discussed about the profit-loss distribution of the Bitcoin userbase after the recovery run that the cryptocurrency has seen.

Positive
cover-imageBitcoinist
January 8, 2025

Bitcoin Open Interest Explodes 9% As BTC Recovers To $102,000

Data shows the Bitcoin Open Interest has seen a sharp increase alongside the recovery rally that the asset's price has gone through. Bitcoin Open Interest Has Observed A Spike Recently As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Open Interest has shot up.

Negative
cover-imageCoinPedia
January 8, 2025

Crypto Market Crash (Jan 8th, 2025): Bitcoin Price Drops to $96k | Millions Wiped Out from Market!

The cryptocurrency market experienced a sharp downturn today, with the global market cap shedding 6.12%, plunging to $3.36 trillion. A steep increase in trading volume, up 35.28% to $172.39 billion, reflects growing market activity despite volatility. The Fear & Greed Index dropped to 54, signaling a neutral sentiment as traders navigate uncertainty.

Positive
cover-imageBitcoin
January 8, 2025

Inside Bitcoin Mining's 2024 Revolution: Report Reveals Triumphs and Trials

The 2024 bitcoin mining industry reached historic milestones while grappling with significant obstacles, according to an extensive report sponsored by Nicehash and authored by Digital Mining Solutions and Bitcoinminingstock.io. The comprehensive study sheds light on unprecedented network expansion, advancements in hardware efficiency, and major economic transitions.

Positive
cover-imageNewsBTC
January 8, 2025

Bitcoin Outflows On Binance Suggest Growing Accumulation–Bullish Momentum Ahead?

After weeks of fluctuating performance, Bitcoin is once again in the spotlight as on-chain data highlights critical trends emerging from Binance, the world's largest cryptocurrency exchange. The latest insight reveals that there has been an interesting move in Binance's Netflow Simple Moving Average (SMA14), a key indicator often associated with shifts in Bitcoin's short-term price direction.

Negative
cover-imageCoinPedia
January 8, 2025

Why Is Bitcoin (BTC) Price Dropping Today?

The cryptocurrency market faced a sharp sell-off on January 7, losing $250 billion in value within 24 hours. Bitcoin (BTC), the leading cryptocurrency, dropped to $96,000 from $102,000, marking a significant fall. Here are the key reasons why Bitcoin's (BTC) price drops.

Positive
cover-imageThe Currency Analytics
January 8, 2025

Bitcoin ETFs See Nearly $1B in Inflows as BTC Surpasses $102K

Bitcoin exchange-traded funds (ETFs) in the United States saw a massive surge in inflows as Bitcoin's price surged past the $102,000 mark. According to data from So Value, spot Bitcoin ETFs recorded an impressive $987.06 million in inflows, marking their second consecutive day of strong demand.

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