Bitcoin, clocking in at $94,504 with a market cap of $1.87 trillion, witnessed a 24-hour trading session of around $53 billion, bouncing between $93,368 and $97,133 over the past day.
The National Bank of Cambodia (NBC) is now allowing commercial banks and payment institutions to use certain “Class 1” assets like stablecoins, especially those backed by substantial fiat assets. However, the country has still banned Bitcoin.
The altcoin season could be closer than ever, as the Bitcoin Dominance has entered a historically favorable phase for alternative digital assets. According to a crypto analyst, the altcoin season has officially entered the 140-day Golden Window, a period marked by significant growth for altcoins.
Bitcoin's repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
As the Bitcoin price displays sluggish price action for over a week and the popular altcoins also follow the same trend, other cryptos are gaining traction. Bitget wallet, formerly known as BitKeep, is one of the world's largest non-custodial multi-chain crypto wallets.
Within the past month, the South Korean parliament has impeached its president and will soon do the same to its prime minister.
Bitcoin's Kimchi Premium is on fire, hitting levels not seen in months. This metric, tracking the price gap between Bitcoin on South Korea's Upbit exchange and Coinbase, has jumped to 3-5%, according to data from CryptoQuant.
Energy management platform KULR Technology is debuting its Bitcoin (BTC) treasury strategy with the acquisition of $21 million worth of the flagship crypto asset. In a new statement, the company says it bought 217.18 BTC at an average price of $96,556.53 per Bitcoin. The asset is currently trading for $95,737.
Bitcoin is on the brink of experiencing its largest options expiry in history, with a staggering $15 billion worth of options set to expire tomorrow. This significant event has caught the attention of traders, analysts, and market participants, as the outcome could have a profound impact on Bitcoin's price and market dynamics in the short term.
Robert Kiyosaki, the Rich Dad Poor Dad author recently took to X and noted Larry Fink dumping Bitcoin. He also noted that Vivek Ramaswamy criticised Fink and BlackRock, calling them “Shareholder Capitalists” and likening them to Marxists, similar to Klaus Schwab's philosophy of “owning nothing and being happy.” Larry Fink dumping Bitcoin.
Saylor is convinced that bitcoin is capital, not currency, and would like to see the whole world adopt the U.S. dollar as money instead.
Bitcoin (CRYPTO: BTC) is trading down 1.6% to $94,300 on Friday as the crypto community awaits the return of more liquid trading sessions at the start of 2025. What Happened: With Bitcoin prices dropping, crypto trader Altcoin Sherpa predicts “some weird price action” over the upcoming few weeks ,"with despair followed by an absolute moon mission and killer alt season.
Bitcoin has found itself in a challenging position, struggling to reclaim the coveted $100,000 mark after a rapid shift in market sentiment. Just weeks ago, optimism dominated the landscape, with prices surging toward new heights.
Founder of Cardone Capital Grant Cardone believes President-elect Donald Trump will promote Bitcoin as a vital tool for preserving US global dominance.
From inflation spikes to geopolitical tensions, Bitcoin's journey has been turbulent, but it's built the momentum needed for 2025.
The United States Bitcoin ETF market saw a festive turnaround on Dec. 26, as $475 million in inflows ended a four-day streak of $1.5 billion in losses. Fidelity, ARK, and BlackRock led the recovery, signaling renewed investor interest post-Christmas.
Bitcoin (BTC) saw explosive momentum starting in early November. By December 4, the leading cryptocurrency reached a new all-time high — closing above $100,000 for the first time in history.
The Bitcoin market has been a lot of back and forth during the week, as the markets are dealing with lowered liquidity, and the holidays overall. More importantly in this market though, is the fact that there are a lot of gains to digest.
On Friday, as the weekend looms, bitcoin (BTC) is holding its ground at $96,751 per coin. Over at Coinbase, a curious twist has appeared over the past 11 days with a negative premium gap of $122, while South Korea is displaying a premium of 3.3% on bitcoin's price.
Bitcoin, the world's leading cryptocurrency, has been experiencing a significant decline in recent weeks. As its price fell to around $95,120, concerns have been rising about a potential sharp crash, with some experts warning that it could plunge all the way to $60,000.
Cambodia has finally cracked the door open to crypto—kind of. For the first time, the National Bank of Cambodia (NBC) is letting commercial banks and payment companies handle stablecoins and other cryptos backed by real-world assets.
Multiple filings came in yesterday for bitcoin bond ETFs, one being to invest in MicroStrategy convertible securities.
Bitwise's ETF targets firms with over 1,000 BTC, using Bitcoin treasury size over market capitalization for portfolio weighting. The post Bitwise files ETF for firms holding over 1,000 BTC appeared first on Crypto Briefing.
The Dollar-Cost Averaging (DCA) strategy attracts many crypto investors. By regularly investing a fixed amount, they hope to mitigate market fluctuations and achieve a favorable average purchase price.
While NFT sentiment started 2024 down, demand started to grow by year's end amid significant market shifts. Here's a look back.
The Bitcoin price is still in a correction phase under $100,000, as it is currently down by 1.93% in the past 24 hours. Nonetheless, crypto analyst Titan of Crypto is sure that the leading cryptocurrency is still maintaining its trajectory to the $110,000 mark.
Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency's future.
L'Ethiopia is emerging as an innovative example of using renewable energy to support bitcoin mining. Thanks to the Grand Renaissance Dam, the country is harnessing its abundant hydroelectric power to fuel Bitcoin mining, a sector that now represents 18% of the national revenue generated from digital assets.
Michael Saylor, prominent Bitcoin evangelist and MicroStrategy co-founder, has taken to his account on the social media network X (formerly popular as Twitter) to share a big reminder about BTC with the community.
TL;DR The creation of digital representations of physical assets via blockchain is transforming markets such as real estate and bonds. Trump's administration and major players like BlackRock and Visa are driving the development of tokenization, opening new opportunities.
Strong support around $95,000, coupled with institutional activity and potential pro-crypto policies in 2025, provide a bullish backdrop.
Bitcoin supply on Binance, the world's biggest digital asset exchange by trading volume, has plummeted to levels not seen since January 2024. Two months after BTC reserves on Binance slumped, Bitcoin saw a parabolic 90% rally just two months later in March.
KULR, a provider of electric energy storage solutions, has reported its first bitcoin purchase as part of a strategic shift toward establishing the leading cryptocurrency as a reserve asset. The company bought $21 million worth of bitcoin, amounting to 217.18 BTC.
Cryptocurrency analysts of Coinidol.com report, the price of Bitcoin (BTC) has risen above the 50-day SMA support after repeated tests.
Bitcoin's (CRYPTO: BTC) could be headed for a potential downturn, according to a technical analyst citing on-chain data and expert analysis. What Happened: In a post on X on Dec. 26, Ali Martinez highlighted predictions from renowned analysts about a possible correction to $60,000.
In recent weeks, much has been said about the wealth erased from various cryptocurrencies' valuation. For example, in the seven days leading up to December 24 – and despite the rally on the day – Bitcoin's (BTC) valuation collapsed by nearly $200 billion.
Daily confirmed Bitcoin payments fell to a yearly low on December 26, a pattern typical of the holiday season's market illiquidity. Blockchain.com data revealed that confirmed Bitcoin transactions sank to 623,434, the lowest point in 2024.
KULR's stock price surged 40.35% following the news, demonstrating positive investor sentiment.
The Japanese investment company Metaplanet has purchased Bitcoin worth $60 million, marking its largest single acquisition since it began stacking satoshis earlier this May. The company acquired approximately 620 Bitcoins at around $96,000 each.
Bitcoin remained resilient despite the options expiry, peaking above $97,330 one hour after the year's last options expiry event.
The next few days could be critical for Bitcoin's price action on the charts.
Strive's Bitcoin Bond ETF, linked to Trump, could redefine Bitcoin investing. Discover its impact on BTC price and how regulatory changes might accelerate ETF approvals. The post Trump-Linked Bitcoin Bond ETF Proposal Shakes the Market – How Quickly Can BTC Reach $1 Million? appeared first on Cryptonews.
TL;DR Matrixport's report highlights key risks for the 2025 Bitcoin bull market, including BlackRock's concerns about Bitcoin's 21 million supply cap. BlackRock's commentary on Bitcoin's supply cap and Google's “Willow” quantum chip have raised market debates and security concerns. The U.S.
In a latest development, The National Bank of Cambodia has approved compliant stablecoin services but bans unbacked assets like BTC. The Central Bank of Cambodia now allows commercial banks and payment institutions to provide services involving Category 1 cryptocurrencies, i.e., backed or stable cryptocurrencies. However, unbacked cryptocurrencies, such as Bitcoin, remain prohibited.
Thursday's rally was a welcome change after four consecutive days of total daily net outflows.
It concerns ten regions where there is a shortage of electricity.
Bitcoin price action has sparked intense debate among traders and analysts. With critical support levels in focus, the market stands at a crossroads, leaving the next big move uncertain.
TL;DR A record-breaking $18 billion worth of Bitcoin and Ethereum options contracts are set to expire today, sparking anticipation of sharp market moves and potential volatility. The volume of expiring contracts includes 88,537 Bitcoin contracts and 796,021 Ethereum contracts, with Bitcoin's put-to-call ratio at 0.69 and Ethereum's ratio at 0.41, indicating positive sentiment.