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news-imageJanuary 13, 2025

Bitcoin Network Activity Plummets, BTC Price Risks Crashing To $70K: Analysts

Bitcoin price consolidating around the $94,500 level and on-chain metrics signals concerning signs for the crypto market. Bitcoin network activity has hit a two-month low showing the dwindling investor interest in the world's largest crypto asset class.
Publisher: Coingape
Sentiment: Negative
BTC

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cover-imageCryptopolitan
January 13, 2025

Bitcoin exchange reserves hit 7-year low

Bitcoin (BTC) exchange reserves have dropped to levels not seen since 2018, with the total supply on cryptocurrency exchanges standing at 2.35 million BTC as of January 13, according to CryptoQuant. The decline marks a near seven-year low and is believed to be driven by institutional investors accumulating Bitcoin at discounted prices.

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cover-imageCryptopolitan
January 13, 2025

Michael Saylor's MicroStrategy buys another 2,530 Bitcoin worth $243 million

MicroStrategy, the business intelligence firm known for its aggressive Bitcoin acquisition strategy, has added another 2,530 BTC to its reserves. According to an 8-K filing with the Securities and Exchange Commission on Monday, the company spent approximately $243 million between January 6 and January 12, purchasing Bitcoin at an average price of $95,972 per coin.

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cover-imageCrypto Briefing
January 13, 2025

BlackRock debuts new spot Bitcoin ETF in Canada

BlackRock's Bitcoin ETF launch in Canada may accelerate mainstream crypto adoption and influence global regulatory approaches to digital assets. The post BlackRock debuts new spot Bitcoin ETF in Canada appeared first on Crypto Briefing.

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cover-imageThe Currency Analytics
January 13, 2025

Bitcoin's “Banana Zone” May Trigger Altcoin Season in 2025

Bitcoin's recent price action has raised questions about its future direction, particularly as it briefly dipped below $92,500 before rebounding above $94,000. Amid this volatility, Real Vision founder Raoul Pal introduced an intriguing concept called the “Banana Zone,” which could signal a transition in the cryptocurrency market and open the door for an altcoin season.

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cover-imageCoinPedia
January 13, 2025

Just In: BlackRock Launches iShares Bitcoin ETF on Cboe Canada

In a significant develoment for the crypto landscape, BlackRock has launched its iShares Bitcoin ETF on Cboe Canada, offering investors a way to gain exposure to Bitcoin through their brokerage accounts. Cboe Canada Inc. has announced the launch of BlackRock Asset Management Canada Limited's latest exchange-traded fund (ETF), the iShares Bitcoin ETF.

Negative
cover-imageCointribune
January 13, 2025

The Recovery Of Bitcoin Hampered By A Powerful Dollar!

This week, the cryptocurrency market is marked by the strength of the US dollar, reaching its highest level since the bear market of 2022. This situation creates challenges for Bitcoin (BTC) traders, who must navigate an environment of increased volatility as the US presidential inauguration approaches.

Negative
cover-imageFinbold
January 13, 2025

Is Bitcoin price set to plunge below $90k?

Since reaching an all-time high (ATH) price of $108,130 on December 17, Bitcoin (BTC) has been subject to intense selling pressure. By December 20, prices had receded to as low as $92,810 — and although the recovery was quick, the leading cryptocurrency has struggled to reclaim the $100,000 mark.

Positive
cover-imageBenzinga
January 13, 2025

MicroStrategy Acquires 2,530 Bitcoin For $243M, Reaching 450,000 BTC In Total Holdings

MicroStrategy Incorporated (NASDAQ:MSTR) has expanded its Bitcoin (CRYPTO: BTC) holdings by purchasing an additional 2,530 bitcoins for approximately $243 million, averaging $95,972 per coin, according to an SEC filing. This acquisition was funded through the sale of 710,425 shares of the company's class A common stock, conducted between January 6 and January 12, 2025, under a previously established Sales Agreement, the filing states.

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