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news-imageDecember 20, 2024

Bitcoin Price Drops Below $100K: El Salvador's $1.4B IMF Deal and 6,000 BTC Reserves

El Salvador adapts Bitcoin policy under a $1.4B IMF deal, limiting government crypto use but maintaining 6,000 BTC reserves. Explore its impact on Bitcoin prices. The post Bitcoin Price Drops Below $100K: El Salvador's $1.4B IMF Deal and 6,000 BTC Reserves appeared first on Cryptonews.
Publisher: Cryptonews
Sentiment: Negative
BTC

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Neutral
cover-imageProactive Investors
December 20, 2024

Phony bitcoin creator gets one-year suspended prison sentence

Australian computer scientist Craig Wright, who has falsely claimed to be bitcoin's pseudonymous creator Satoshi Nakamoto, has been sentenced to one year in prison, suspended for two years, by the UK High Court. The sentence followed his breach of an anti-suit injunction that prohibited him from pursuing legal actions against bitcoin developers.

Negative
cover-imageBenzinga
December 20, 2024

Bitcoin's 2025 Outlook Suddenly Looks Uncertain: Here's Why

As 2025 approaches, Bitcoin (CRYPTO: BTC) finds itself navigating a shifting macroeconomic landscape, with fading tailwinds raising concerns about sustained momentum, according to a report. What Happened: The Federal Reserve's hawkish stance, coupled with broader macroeconomic headwinds, suggests a year of heightened caution for traders and investors, 10x Research report on Friday stated.

Negative
cover-imageUToday
December 20, 2024

Bitcoin ETFs Witness Largest Outflow in History

There has been a major change in the cryptocurrency world as Bitcoin ETFs have had their biggest net outflow since they were created, with a total of $671.9 million. This sudden move breaks the pattern of steady inflows and adds a significant detail to the story of how institutions are engaging with digital assets.

Positive
cover-imageCryptopolitan
December 20, 2024

Hut 8 Corp. breaks into the ranks of top Bitcoin holders

Hut 8 Corp. bought 990 Bitcoin for $100 million, making its total Bitcoin holdings worth over $1 billion. Even though it's facing a lawsuit from J Capital Research, which claims the company overstated its Bitcoin deals, Hut 8 believes its Bitcoin strategy will help the company grow and bring good returns to its investors.

Neutral
cover-imageUToday
December 20, 2024

Samson Mow on Bitcoin Crash: 'Supply Shock Is Coming'

Thus far this week, the crypto market has tasted two extreme sides of price movement, with Bitcoin soaring to an all-time high (ATH) above $108,000 while dropping as low as $95,587.68. The week also saw a massive accumulation streak from top pro-Bitcoin firms.

Negative
cover-imageNewsBTC
December 20, 2024

Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction?

Since Donald Trump's election victory on November 5, Bitcoin (BTC) has experienced a substantial rally, reaching record highs above $108,000. However, this momentum has recently faltered, with the cryptocurrency dropping below the critical $100,000 mark, This has prompted analysts to speculate on a potential deeper correction with some experts believing Bitcoin could dip to levels around $85,000 or even $75,000 before resuming its upward trajectory.

Negative
cover-imageCoinPedia
December 20, 2024

Why Crypto Market is Down Today? Bitcoin below $95,000

Bitcoin has sent the community in shock by nose diving 11.25% in the past 3 days. It lost almost $12,000 from its value and is currently trading at $94,715 and the crypto market faced a $1.10 billion liquidation. This is a great time for bears while long traders are paying hefty prices.

Neutral
cover-imageCryptopolitan
December 20, 2024

Is Xi Jinping letting its territories outside mainland China invest in what he can't? Gambling and Bitcoin in play

On Friday, Chinese President Xi Jinping emphasized the need for Macau to prioritize economic diversification as its “first” objective during a three-day visit to the Chinese gambling hub. The trip marked the 25th anniversary of Macau's handover from Portugal, as the city aims to expand its role within China's mainland economic framework.

Positive
cover-imageBitcoin
December 20, 2024

Hybrid L2 BOB Leverages Babylon for Bitcoin Finality

Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain combining Bitcoin and Ethereum's features, has integrated with Babylon, a bitcoin (BTC) staking protocol, to achieve Bitcoin-Secured Network (BSN) status. Babylon Collaboration Expands BOB's Bitcoin Defi Ecosystem According to BOB's announcement shared with Bitcoin.

Negative
cover-imageCoinPedia
December 20, 2024

Crypto Crash Alert: Bitcoin Slips Below $96K, Altcoins Tumble

The crypto market took a sudden hit as El Salvador struck a $1.4 billion deal with the IMF. The country agreed to bring some adjustments to its Bitcoin Policy, and this news shook the market. This created waves of bearish momentum causing all major cryptos to plummet while memecoins maintained their course.

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