Here is a 2-minute breakdown of everything important that happened in crypto today.
Michael Saylor, co-founder and executive manager of MicroStrategy business intelligence firm famous for its Bitcoin strategy, has made a statement as the world's flagship cryptocurrency BTC reached a new all-time high several hours ago.
The Grayscale Bitcoin Trust has had $21 billion in outflows since January, overshadowing gains from the nine new US-based spot Bitcoin ETFs in the market.
The Bitcoin price has continued its foray above the $100,000 threshold and is currently trading around new all-time highs. Following its recent surge to an all-time high (ATH) above $106,000, the Bitcoin price has played out an interesting pattern on the 1-day candlestick timeframe, which points to an extremely bullish outlook for the leading cryptocurrency.
Macro guru Luke Gromen believes the US has minimal choice but to seriously consider elevating Bitcoin (BTC) as a neutral reserve asset. In a new interview with Bitcoin firebrand Robert Breedlove, Gromen says the country is facing a national security crisis after Russia crushed US and NATO forces in Ukraine.
When it comes to trading, success depends not just on luck or timing, but on having the right tools. This is especially true when it comes to the crypto market, known for its significant and extremely fast moves.
Bitcoin wallets holding less than 1 BTC, also known as "shrimp" wallets, are expected to increase by nearly 9% in the near term, according to analyst Axel Adler.
Riot Platforms, a leading bitcoin mining company, added a substantial amount of BTC, worth approximately $510 million, to its holdings. Between December 10 and 12, Riot bought roughly $510 million in Bitcoin, bringing the total value of its BTC holdings to nearly $1.7 billion.
BTC is on a roll again, charting a fresh peak above $106K.
The markets began the weekly trade on a bullish note after the price of Bitcoin recorded a new ATH above $106.6K. This triggered a massive upswing in some altcoins, while others chose to trade within a narrow range.
Bitcoin's (CRYPTO: BTC) record-breaking run to $106,000 has been considerably boosted by a spurt in whale investor holdings, on-chain data revealed Sunday, although retail continued to control the majority supply. What Happened: Since the bull rally commenced on Oct. 10, there has been a net increase of 1,582 more wallets holding at least 100 BTC, blockchain analysis firm Santiment reported on X.
The crypto market today has commenced its trade on a bullish note, with Bitcoin price hitting a new ATH above $106k. This feat has led to the industry's market cap shooting up 1.72% to $3.7 trillion. The fueling optimism has resulted in the trading volumes jumping 24.55% with the numbers at $159.63 billion.
Data from the past eight years shows that bitcoin ended December in the green six times since 2015, running at least 8% to as much as 46% (in the outlier year of 2020).
The cryptocurrency market has achieved a new high by hitting a market capitalization of over $3.7 Trillion. With this, Bitcoin price today has achieved a new all-time high of $106,488.25 during the early Asian market hours. This highlights a strong bullish sentiment in the crypto space.
By stabilizing grids, utilizing surplus energy, and integrating with renewables, bitcoin mining is becoming a key part of the clean energy transition.
Bitcoin reached an all-time high on Monday after institutional interest in the digital currency spiked as President-elect Donald Trump confirmed plans for Bitcoin reserve.
The Bitcoin rainbow chart signals a $500K supercycle, with momentum growing from institutional flows.
The U.S. Financial Accounting Standards Board (FASB) has introduced a groundbreaking update that's set to change how companies account for Bitcoin and other eligible crypto assets. Starting today, businesses can measure their Bitcoin holdings at current market prices, making financial reporting more accurate and transparent.
Bitcoin, the leading cryptocurrency, reached a new record high of $106,533 at 00:39 UTC on the Bitstamp exchange.
Bitcoin (BTC) price surged over 2 percent in the past 24 hours to reach a new all-time high (ATH) of about $106,352 for the first time in 16 years of existence. As a result, the total crypto market cap is only $130 billion shy of hitting $4 trillion for the first time since inception.
MicroStrategy may have made its first Bitcoin purchase above $100,000 per coin, potentially bringing its Bitcoin holdings closer to a $50 billion valuation.
Bitcoin's rise to $106,533 reflects a strong market momentum as President-elect Donald Trump hinted at a groundbreaking plan to establish a U.S. Bitcoin strategic reserve during his interview with CNBC. With a recent price of $105,688, the cryptocurrency has increased by more than 50% since the election on November 5.
The cryptocurrency market witnessed a significant upswing on December 16, with Bitcoin (BTC) hovering around $105K at press time. Earlier, BTC reached an all-time high of $106,400. The broader market followed suit, as major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), recorded steady gains.
The Fed is likely to deliver a “hawkish rate cut,” with hints of less easing next year.
Analysts thinj bitcoin price may see more upward momentum through the end of the year and into 2025.
Bitcoin surged to an all-time high above $106,000 on Monday, fueled by speculation that President-elect Donald Trump plans to create a U.S. bitcoin strategic reserve. The post Bitcoin Soars Past $106,000 Amid Hopes of U.S. Strategic Bitcoin Reserve appeared first on Cryptonews.
Trump proposes Bitcoin reserve to secure U.S. economic leadership and combat inflation. The initiative could drive Bitcoin's market cap to $15 trillion, with prices potentially surpassing $500,000 per coin.
Bitcoin rallied to a new all-time high Sunday evening as investors awaited an expected interest rate cut by the Federal Reserve later this week.
Ethereum price started a decent increase above the $3,900 zone. ETH is consolidating gains and might aim for a move above the $4,000 resistance zone.
As of today, the Financial Accounting Standards Board will put its fair value accounting rules on BTC and other eligible crypto assets into effect.
Today, the crypto prices reflect bullish momentum as Bitcoin (BTC) touched a historic all-time high of $106K. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also witnessed gains over the last 24 hours.
Bitcoin price started another increase above the $100,000 resistance zone. BTC is up nearly 5% and it traded to a new all-time high above $106,400.
Bitcoin price surged over $106,000 amid optimism about President-elect Donald Trump's plans for a supportive regulatory environment for digital assets.
Here's how BTC price could react to the upcoming Fed rate meeting.
Major corporations like Tesla and MicroStrategy are adopting Bitcoin as a treasury asset, leveraging its deflationary properties as a hedge against inflation and economic uncertainty.
Bitcoin's price, now hovering between $105,025 to $105,269, showcases a lively market with a 24-hour trade volume hitting $82 billion and a market cap soaring to $2.08 trillion. Bitcoin On the 1-hour chart, bitcoin‘s recent leap past $105,000 highlights a powerful bullish breakout, touching a record peak at $106,533.
XRP demand rises as SEC's appeal deadline nears and Gensler's exit looms, with market focus on Crenshaw's key reappointment vote.
Explore why companies are increasingly adopting Bitcoin as a treasury asset, highlighting examples like MicroStrategy and Tesla, and discussing the implications of this trend on global finance.
The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025.
Bitcoin hit $105,100 on Dec. 15, smashing its previous record as speculation swirls around President-Elect Donald Trumps potential plan to designate the cryptocurrency as a US reserve asset. Bitcoins value has risen 20% this month, maintaining its position above $100,000.
MicroStrategy's Michael Saylor has posted the same Bitcoin chart for five consecutive Sundays, and every time, MicroStrategy confirmed a new Bitcoin purchase the following day.
Bitcoin, the flagship cryptocurrency, soared past the $105,000 mark on Dec. 15, 2024, reaching an intraday peak of $105,149 per coin. This represents a 4% increase against the U.S. dollar within the day, showcasing a strong performance in the crypto market.
It comes as the Federal Reserve is expected to go ahead with a rate cut next week, rumors that Trump may use Bitcoin as a US reserve asset from “day one” and more.
It comes as the Federal Reserve is expected to go ahead with a December rate cut, speculation that Trump could make Bitcoin a US reserve asset from “day one” and more.
Bitcoin is posting new highs, bolstered by various tailwinds, including market reactions to President-elect Donald Trump.
Bitcoin surged to a record high above $105,000 in early Asian trade on Monday, extending gains made since Republican Donald Trump, who has promised to champion cryptocurrencies, was elected U.S. president in November.
Bitcoin has surged past $105,000 for the first time ever, making a new all-time high mere minutes after breaking $104,000. This comes as optimism remains sky-high on the back of a crypto-friendly US presidential administration.