Bitcoin (BTC) experienced a sharp decline in price this week, dropping below the $95,000 mark after briefly surpassing $100,000. The price correction comes amid a combination of market events, including substantial outflows from Bitcoin exchange-traded funds (ETFs) and news that the U.S. government may soon sell seized Bitcoin from the infamous Silk Road marketplace.
Jeremie Davinci, a cryptocurrency influencer and one of the earliest adopters of Bitcoin, has recently shared a prediction about the future price of the leading crypto. According to Davinci, Bitcoin price could soar to $350,000, though he did not specify a timeline for this forecast.
Bitcoin has had a volatile start to 2025, with price action reflecting both optimism and caution among investors. After reaching the $102,000 mark earlier this month, BTC faced a sharp decline, testing critical support at $92,000.
BitMEX co-founder Arthur Hayes believes Bitcoin (BTC) could explode to seven figures in just a few years. In a new interview with co-founder and host of Impact Theory Tom Bilyeu, Hayes outlines his case for why Bitcoin may increase more than 950% from its current value in three to five years.
A prominent cryptocurrency analyst has raised concerns about Bitcoin‘s (CRYPTO: BTC) potential downfall if it fails to maintain a significant support level. What Happened: Altcoin Sherpa, a well-known crypto trader, alerted on X that Bitcoin's value could plummet to the low $80,000 range if it fails to hold $90,000 as support.
Bitcoin may experience short-term corrections up to and following the Jan. 20 inauguration of President-elect Trump in the United States.
Bitcoin's LTH distribution is slowing down, suggesting reduced selling pressure and possible bullish momentum ahead.
Over the past month, Bitcoin (BTC) has posted significant gains, with traders eyeing a break above $100,000 before the end of the year. These gains have boded well for a majority of altcoins.
A crypto analyst recently took to X (formerly Twitter), boldly forecasting a new bullish price target for Bitcoin in Q1 2025.
A shareholder in social media giant Meta has proposed a bold shift in the company's financial strategy by suggesting the adoption of Bitcoin as a corporate treasury asset.
BlackRock's IBIT topped the charts with a colossal amount of outflows. As the price of Bitcoin keeps falling, the bear trap remains in place.
As per a recent report, El Salvador has witnessed a boom in tourism amid its Bitcoin adoption as a legal tender. As per a report from Santander, shared by El Salvador President Nayib Bukele, the country welcomed 3.9 million tourists in 2024, which was a 22% increase from the previous year.
Veteran market trader Peter Brandt has weighed in on Bitcoin's recent turbulence, suggesting that the ongoing price slump could be a bear trap rather than a clear indication of prolonged bearishness. This analysis comes as Bitcoin faces a notable drop in value, fueling mixed opinions about its future.
New Hampshire and North Dakota are the latest states to propose creating a strategic Bitcoin reserve, reflecting a growing interest among lawmakers in integrating cryptocurrency into state treasuries.
James Howells, a British man who mined Bitcoin in its early days, has seen his hopes crushed after a U.K. judge dismissed his case to recover a Bitcoin wallet valued at around $709 million from a landfill in Newport, Wales.
Bitcoin price remained in a tight range on Saturday as the hash rate fell, and bearish divergence formed, risking a bearish breakout.
In a latest development, blockchain data tracker Whale Alert identified 10 large Bitcoin transactions, with BTC being transferred between unknown wallets and major exchanges, primarily Kraken, as well as Binance and Robinhood. Notably, the transactions, totaling over $903 million in BTC, include 620 BTC valued at $58.5 million, 888 BTC worth $83.
Bitcoin is trading within the $94.5K range. BTC has entered the greed zone, with the index value at 69.
Bitcoin is facing a new setback, shaken by a market that is reevaluating its expectations. Indeed, the publication of a solid economic report in the United States has strengthened the dollar, which reduces the likelihood of an imminent interest rate cut by the Federal Reserve.
Matthew Sigel, Head of Digital Assets Research at VanEck, has recently made comments regarding the potential of Bitcoin to become a global monetary standard, similar to gold, which have sparked controversy. This viewpoint is gathering momentum, particularly as the debate regarding a US Strategic Bitcoin Reserve intensifies.
A potential U.S. Bitcoin strategic reserve, many market experts have speculated about the possibility of a major supply shock in 2025. This speculation suggests that Bitcoin's price could see extraordinary growth, potentially disrupting the traditional 4-year cycle theory.
El Salvador's tourism boom, driven by Bitcoin adoption, could boost economic growth and investment, enhancing its global economic standing. The post El Salvador's tourism thrives amid Bitcoin adoption appeared first on Crypto Briefing.
Bitcoin topped $100K for the first time in 2025, then plummeted amid mixed economic reports, volatile ETF flows, and a potential Silk Road sale.
De crypto markt lijkt er vandaag nog steeds niet in geslaagd te zijn om een aanzienlijk herstel door te zetten. Ook de Bitcoin koers heeft het nog altijd moeilijk.
A look back at some of the highlights from spot bitcoin ETFs' first year trading and the impact they had on markets and government.
Bitcoin's (BTC) current price cycle has the potential to culminate in an all-time high of about $300,000 in the coming months, according to observations by a cryptocurrency trading expert.
In a latest development, Heritage Distilling Holding Company, a leading craft distiller of innovative premium brands, has announced the adoption of a Bitcoin Treasury Policy.
Heritage Distillers has announced that it will begin to accept Bitcoin for payments and treasury use. Washington-based Heritage Distillers made the announcement on January 10, announcing it as part of its treasury policy.
The difference in outlook between traders and high net-worth individuals has never been greater, according to David Siemer, CEO of Wave Digital Assets.
Bitcoin was the top-performing asset class in 2024, rising about 125%. By comparison, the S&P 500 grew 23%.
The Bitcoin mining industry grew in 2024, with miners significantly expanding their operational capacity; however, BTC production was low due to the halving.
Over the past 24 hours, a staggering $903 million worth of BTC has been moved in various transactions, sparking speculation about the reasons behind such large transfers.
Bitcoin and the general market seemed to have steadied their ship after garnering some momentum to build on in the first week of the year. Unfortunately, the sector appears to be back where it started, with the total market capitalization declining by nearly 3% in the last week.
Bitcoin has extended its correction below the $100,000 psychological level into the past 24 hours. At the time of writing, Bitcoin is struggling to hold above the $94,000 mark after recovering briefly from its recent crash to $91,000.
U.S.-based entities now control 65% more Bitcoin than offshore groups. This dramatic shift highlights a surge in institutional demand and the increasing clarity of regulations in the American market.
Bitcoin joins US stocks in what analysis calls a "bearish overreaction" to employment data amid concern over future BTC price lows.
A widely followed crypto strategist believes that a new altcoin that has posted astronomical gains in just a few months looks poised to spark a fresh leg up.
Bitcoin slipped below the $95,000 mark on Thursday, marking a 10% fall in the last three days from the highs of $102,760. The coin has seemed to form a base at around the $91,150 mark – Bitcoin has not closed below this mark since 15th November.
On-chain data suggests the Bitcoin retail investors are losing interest in the asset as their volume has seen a sharp plunge during the last month.
The Bitcoin price has been somewhat quiet since hitting its all-time high of $108,135, struggling to hold a six-figure valuation for long. Case in point — the premier cryptocurrency barely lasted a day above $100,000 before crashing to under $92,000 in the past week.
Crypto traders are scrambling to assess what the latest changes to Fed rate cut expectations mean for the bitcoin price
On Jan. 10, 2009, history was made with the first-ever Bitcoin-related tweet by early Bitcoin pioneer and computer scientist Hal Finney.
Heritage Distilling has adopted Bitcoin for payments and treasury, becoming the first publicly traded distiller to integrate cryptocurrency into its business model.
The cryptocurrency market is on edge today as $2.27 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire. This substantial expiration, split between Bitcoin's $1.81 billion and Ethereum's $459 million, is likely to trigger significant price fluctuations in the short term.
In a recently published tweet, Jeremie Davinci, an early Bitcoin adopter and cryptocurrency millionaire, has revealed the scenario how BTC can soar to roughly $350,000 without naming any particular time frames for that.
Bitcoin's price was $94,372 on Jan. 11, 2025, with a market cap of $1.86 trillion. Daily trading volume reached $52.92 billion, with intraday fluctuations between $92,275 and $95,798. Bitcoin The daily chart illustrates a prevailing bearish tone after a sharp retreat from a high near $108,364.
Mark Zuckerberg, who famously named his pet goat Bitcoin, was proposed to add Bitcoin to Meta (Facebook) holdings.