In 2024, Bitcoin (BTC -2.22%) soared past the $100,000 mark for the first time in its history. But that may just be a stepping stone to its ultimate destination: the $1 million price level.

Bitcoin (BTC) price suffered a brief setback on Friday due to the ByBit hack. This sudden setback, coupled with the S&P 500's worst day in 2025 and options data, suggests that BTC price could be at risk of another crash.

Bitcoin struggles above $96,000 as BlackRock's Bitcoin ETF dominates the market with 50.4% share. Institutional inflows support bullish momentum. The post BlackRock Bitcoin ETF Surpasses 50% Market Share Despite Sell-off: Will This Send the Price Soaring? appeared first on Cryptonews.

Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship crypto asset hovers below the $100,000 price.

The metric dumped from over $3.4 trillion to under $3.3 trillion after the hack againt Bybit.

Bitcoin's holders aren't quite in sync over what they are expecting from the crypto's price next.

Bitcoin is struggling with low trading activity and weak momentum, leading to subdued price action near the 100-day moving average. However, a strong bullish rebound remains possible, contingent on a return of sufficient liquidity to the market.

Bitcoin could be eyeing a recovery above $100k; here's what happened this week.

The race to establish Bitcoin as a state-level strategic reserve asset has taken a decisive step forward in the Beehive State. On February 20, House Bill 230 (HB230), also known as the “Blockchain and Digital Innovation Amendments,” passed the Senate Revenue and Taxation Committee in a 4-2-1 vote.

After a brief upswing, the Bitcoin price is close to dropping back below $96,000, which could push it into a deep bearish well. The market sentiments have again returned to fear of being neutral, suggesting the traders seem uncertain about the next price action.

A former cryptocurrency exchange executive remarked that Bitcoin is an inescapable reality, a statement that stirred a discussion within the crypto community. The comment made by the former CEO of Binance, Changpeng Zhao, was a reaction to the report that another American state sought to establish a local version of US President Donald Trump's proposed Strategic Bitcoin Reserve.

Bitcoin and Ethereum may be holding steady on the price front, but that's not the whole story.

The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets.

Following Trump's watershed speech at the Nashville Bitcoin conference in July 2024, Sen. Cynthia Lummis introduced her Bitcoin reserve bill, explicitly articulating that it is aimed to reduce U.S. debt.

A crypto strategist known for making timely Bitcoin calls says BTC may print new all-time highs if it can pull off one key thing.

Microsoft's Majorana 1 quantum chip, unveiled in February, is prompting renewed discussions about Bitcoin's vulnerability to quantum computing.

According to an X post by crypto analyst Ali Martinez, Bitcoin (BTC) is witnessing a decline in sell-side pressure, indicating that a local market bottom may soon form for the premier cryptocurrency. Bitcoin Local Bottom On The Horizon?

North Korean hacker group Lazarus has been linked to the massive $1.5 billion Ethereum (ETH) heist on the Bybit exchange. As market jitters grow of a looming ETH sell-off when these hackers start cashing out, crypto traders are rushing to identify the best crypto to buy if Ethereum price experiences violent swings.

At the start of this month, the price of Bitcoin was around $102,398.17. Since then, the market has experienced a decline of 5.77%. In the previous month, the market witnessed a surge of at least 9.54%. Unsurprisingly, a report suggests that large BTC holders have seen lower realised profits this month compared to January.

The cryptocurrency market experienced a downturn following a major security breach at Bybit, where hackers managed to drain $1.4 billion in Ethereum. This has rattled investor confidence, leading to a wave of liquidations worth $566.64 million, per Coinglass data. As a result, the market cap of the business is down 1.86% to $3.17 Trillion.

Michael Saylor, the founder of Strategy (formerly MicroStrategy), has boldly proposed that the United States should acquire 20% of the global Bitcoin supply. His vision is to ensure that the U.S. remains a dominant force in the global economy, particularly in the evolving world of digital finance.

Franklin Templeton has introduced the Franklin Crypto Index ETF (EZPZ) on the Cboe BZX Exchange, offering investors exposure to Bitcoin (BTC) and Ethereum (ETH). The ETF, weighted 82% BTC and 18% ETH, tracks market capitalization and may expand to include more cryptocurrencies pending regulatory approval.

The U.S. spot Bitcoin exchange-traded funds (ETFs) have exceeded $750 billion in cumulative trading volume since launching in January 2024, according to The Block. The rapid surge in volume was initially driven by Bitcoins record high of nearly $74,000, with ETFs reaching $100 billion in March and $200 billion by April.

Bitcoin mining revenue remained strong at $1.4 billion in January 2025, despite the network experiencing its first difficulty decline since September. The decrease in difficulty signals a slowdown in hashrate growth, attributed to the exit of smaller mining operators.

Bitcoin, the largest cryptocurrency, remains in a consolidation phase, trading between $93,000 and $98,000. Despite attempts to surpass its all-time high of $109,114 set on Jan. 20, 2025, Bitcoin has struggled to maintain bullish momentum, stalling below $105,000 in late January.

Renowned trader Peter Brandt has identified Feb. 24-26 as a crucial period for Bitcoin (BTC), citing internal symmetry in its price chart. Brandt suggests this timeframe could determine BTCs next major move, adding, Look for Feb. 24-26 to be telling BTC.

Altvest Capital (ALV) has made history as the first publicly listed company in Africa to adopt bitcoin (BTC) as a strategic treasury asset. The Johannesburg-based investment firm announced its purchase of just over 1 BTC for 1.8 million rand ($98,200), following the lead of MicroStrategy (MSTR) in the U.S. and Metaplanet (3350) in Japan.

JPMorgan (JPM) analysts report that the cryptocurrency market currently lacks positive catalysts, contributing to weak demand for Bitcoin (BTC) and Ethereum (ETH) futures. Both assets have seen their futures contracts nearing backwardation, where spot prices exceed futures prices, signaling lower investor confidence.

Bitcoin climbed for a third straight session on Friday, rising 1.6% to $98,409.2 by 6:36 GMT. The worlds largest cryptocurrency was on track for a nearly 1% weekly gain, as some investors shrugged off U.S. tariff concerns.

Investor Robert Kiyosaki, famous for his book "Rich Dad Poor Dad," has once again warned of an impending financial crash, this time emphasizing Bitcoin's potential as a key asset in the market.

Bitcoin and the wider cryptocurrency market are facing challenging times, according to financial services giant JPMorgan. As the market struggles to establish a clear direction, the outlook for the near future remains bleak.

Since the general crypto market entered a volatile period, Bitcoin has faced persistent heightened selling pressure from investors and traders in the past weeks, causing BTC's price to drop sharply toward the $93,000 support level.

Crypto market today (February 22): Bitcoin (BTC), Ethereum (ETH), and other altcoins reflect an alarmingly waning price action as the week comes to a close. Primarily against Bybit's recent $1.4 billion hack, over $566 million was liquidated across the broader market in the last 24 hours.

Bitcoin's short-term volatility has dropped to levels not seen in years, prompting many to speculate that a major market move could be just around the corner. According to data from Glassnode, Bitcoin's 1-week realized volatility has fallen to just 23.42%.

Metaplanet, a Japanese investment firm, has once again extended its Bitcoin portfolio, marking a significant milestone in its aggressive accumulation approach. The company, which is sometimes likened to MicroStrategy (now Strategy) for its Bitcoin-focused blueprint, recently acquired an additional 68.59 BTC, bringing its total holdings to 2,100 BTC.

Bitcoin's realized profits for large holders—addresses holding 10-100 BTC, 100-1K BTC, and 1 K—10 K BTC—declined steadily in February 2025. Data from CryptoQuant showed a significant spike in the second half of January, which saw up to $3 billion in realized profits.

Following a lackluster performance in recent weeks, Bitcoin appears to be seeing a steady recovery with its price now approaching the $100,000 price mark. Particularly, so far, BTC has managed to regain some of the losses shedded in recent weeks with its price now hovering above $98,000, marking a 2.6% increase in the past 7 days.

SEC drops Coinbase case, fueling speculation on Ripple appeal withdrawal. Meanwhile, a Bybit hack shakes the crypto market.

Will the US move swiftly and buy 20% of BTC supply as Saylor expects?

Bitcoin is attempting to establish a short-term direction after successfully holding the $90K level but struggling to reclaim the $100K mark. The price continues to trade within a tight range, fluctuating between $94K and $100K, creating uncertainty among investors.

Justin Bons urges BTC traders not to take their investments seriously, predicting the token's collapse in the next few years.

Once more Bitcoin is advancing toward $100,000, a significant psychological milestone. BTC has maintained bullish momentum following a period of consolidation, and it is presently testing resistance levels that may lead to a new all-time high.

Ethereum's whale activity is battling institutions as price action replicates previous BTC pattern.

Cryptocurrency markets are trading lower on Friday after a $1.4 billion hack on Bybit dragged down the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $95,385.38 -3.1% Ethereum (CRYPTO: ETH) $2,634.96 -4.3% Solana (CRYPTO: SOL) $168.78 -3.5% XRP (CRYPTO: XRP) $2.52 -6.9% Dogecoin (CRYPTO: DOGE) $0.2400 -5.6% Shiba Inu (CRYPTO: SHIB) $0.00001494 -4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 12.3% and daily active addresses growing by 4%.

Utah is making significant progress on its Bitcoin reserve bill, which recently passed through the Senate Committee and is now moving toward a final vote. If passed, the bill would allow Utah to hold Bitcoin as part of its state reserves, diversifying assets while exposing the state to Bitcoin's price volatility, risks, and potential gains.

Bitcoin, the world's largest cryptocurrency, has been in a tight range for weeks, oscillating between approximately $106,000 and $90,500. For many traders and investors, this price action has raised questions about when the digital asset will break out of this consolidation phase.

Franklin Templeton filed for an exchange-traded fund on Friday that will track the spot price of Solana , reflecting the growing interest among asset managers to profit from the popularity of cryptocurrencies beyond bitcoin.