The crypto market has experienced a severe drop, with altcoins suffering the most significant losses. Bitcoin recently pulled back around 5%, and smaller-cap altcoins dropped sharply by 10- 20%.
Bitcoin has been making some big moves lately. After the U.S. elections on November 5, the Bitcoin price shot up by about 30%. As of November 13, it even reached almost $93,500, before dropping a bit to $88,100 a couple of days later. VanEck predicts Bitcoin will go $180,000 by 2025.
Bitcoin (BTC), Trump has now transformed into one of its most vocal advocates. During his campaign, Trump not only supported the idea of a “strategic national Bitcoin stockpile” but also criticized the Biden administration for its tough stance on cryptocurrencies.
On Nov. 14, 2024, a mysterious mega whale, tracked by our newsdesk since 2020, splashed back onto the scene by shifting an impressive 40 block rewards from 2010—a total of 2,000 BTC.
The massive Bitcoin (BTC) rally following Donald Trump's victory in the US presidential election is beginning to show signs of slowing down, particularly in the derivatives market, as evidenced by the leading digital asset's retreat below the $90,000 mark on Thursday. Bitcoin Experiences Significant Liquidation Activity According to Bloomberg data, the premium for CME-listed Bitcoin futures contracts—commonly used by institutional investors to speculate on price movements—has decreased, indicating a potential shift in market sentiment.
In a recent interview with CNBC, MicroStrategy co-founder Michael Saylor predicted that the price of Bitcoin could reach $100,000 by the end of this year.
Bitcoin is consolidating after new all-time highs, but bulls cannot afford to lose track of too many potential support levels, says BTC price analysis.
Bitcoin's latest surge in price has been largely driven by strong spot buying activity, despite leverage in the futures market hitting new all-time highs. A recent report from Glassnode highlights the growing demand from retail investors, with spot buying on platforms like Coinbase playing a central role in Bitcoin's recent price movements.
Spot crypto ETFs in the US have seen outflows for the first time since Donald Trump was elected, as both Bitcoin and Ethereum fell on the day.
DigitalX's Bitcoin fund, which is separate to its ETF on the ASX has posted a 99% yearly gain, outpacing its rivals.
The crypto prices today have illustrated a set of mixed actions, sparking investor speculations globally. Bitcoin (BTC) price reversed previous gains to rest at $88K, whereas Ethereum (ETH) and Solana (SOL) prices followed.
A Pennsylvania lawmaker has introduced a bill allowing state funds to invest in bitcoin as a hedge against inflation, aiming to strengthen financial stability.
“We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump's return to office,” QCP Capital traders said in a Friday broadcast.
Galaxy Digital's CEO predicts bitcoin could soar to $500,000 if Trump follows through with plans for a U.S. strategic bitcoin reserve, redefining global crypto policy. $500,000 Bitcoin? Bold Predictions as US Considers Strategic Crypto Reserve Michael Novogratz, CEO of Galaxy Digital, has predicted that bitcoin's value could surge to $500,000 if the U.S.
Matthew Sigel, VanEck's head of digital assets research, says Bitcoin is in “blue sky territory” and expects the cryptocurrency to run up to $180,000 in 2025.
Bitcoin (BTCUSD) reached a fresh all-time high of $93483 and showed a minor sell-off.It is currently trading at around $91122. Increased Selling Pressure from Miners This week, Bitcoins Miner Position Index (MPI) reached a yearly high, indicating increased selling pressure from miners who are cashing in on profits after Bitcoins recent surge to an all-time high of $89,940.
US-traded spot Bitcoin (BTC) exchange-traded funds (ETF) collectively hold approximately 1.07 million BTC as of Nov. 14, worth nearly $96 billion at current prices. Bloomberg ETF analyst James Seyffart highlighted that the ETFs might soon surpass Bitcoin's pseudonymous creator Satoshi Nakamoto's stash, estimated at 1.1 million BTC.
Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge.
Bitcoin price saw a short-term correction from the $93,450 zone. BTC is now consolidating gains near $87,000 and might attempt another increase in the near term.
Bitcoin's price tumbled after the United States Federal Reserve Chair Jerome Powell cast doubt on an interest rate cut in December.
Goldman Sachs' increased investment in Bitcoin ETFs signals growing institutional confidence in cryptocurrency as a mainstream asset class. The post Goldman Sachs holds $461 million in BlackRock's IBIT, new filing reveals appeared first on Crypto Briefing.
XRP rallies 12% as SEC Chair Gensler hints at resignation; could the SEC withdraw its Ripple appeal?
The Bitball league will let players earn in Bitcoin, aiming to cut out middlemen and create lasting wealth for athletes, Okung told Decrypt.
Skybridge Capital's founder predicts bitcoin could reach $150,000 with eased regulations, noting that the Trump administration's approach could help depoliticize crypto policy. Can Depoliticized US Policy Finally Push Bitcoin to $150,000? Skybridge Capital founder Anthony Scaramucci shared insights into potential U.S. policy changes affecting bitcoin and cryptocurrency in an interview with Saxo.
BlackRock's Bitcoin ETF, known as IBIT, has achieved a remarkable feat by surpassing $40 billion in assets under management (AUM) in just 211 days. This rapid growth places IBIT in the top 1% of all ETFs by AUM and sets a new benchmark for speed in the ETF industry.
The Royal Government of Bhutan recently sold 367 Bitcoin, valued at approximately $33.5 million, via Binance.
Pennsylvania legislature introduced a bill to allow the state to allocate up to 10% of its treasury to Bitcoin.
The difference between Bitcoin's realized cap and market cap is an underrated indicator of the phases of Bitcoin's price cycles. The realized cap shows Bitcoin's value based on the last price each coin moved, showing the actual capital invested into the asset.
With its incredible surge to $91,000, Bitcoin has raised expectations that it will soon reach the $100,000 mark. Bitcoin is gaining significant traction thanks to a combination of institutional interest, increased retail participation and positive market sentiment.
Donald Trump's 2024 election victory could herald significant shifts in cryptocurrency policies, potentially positioning the U.S. as a leading digital currency powerhouse.
Bitcoin's (BTC-USD) price has been on an upward trajectory since Donald Trump's election as the 47th US president. However, some of those gains have now been reversed.
The DOJ has sentenced the Bitfinex hacker to prison for laundering 120,000 stolen bitcoins from the 2016 hack, using sophisticated methods to hide the theft. DOJ Secures Prison Sentence for Bitfinex Hacker The U.S.
Bitcoin (BTC) could surge to $180,000 within the next year, driven by increasing institutional interest and supportive government policies, according to VanEck's head of digital assets research Matthew Sigel.
A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto.
Bitfinex hacker, Ilya Lichtenstein, has been sentenced to five years in prison for his involvement in one of the largest cryptocurrency thefts in history. Lichtenstein and his wife, Heather Morgan, were arrested in February 2022 after authorities linked them to the 2016 crypto hack of Bitfinex, resulting in the theft of 119,754 Bitcoin.
Republican Senator Cynthia Lummis of Wyoming plans to introduce legislation to increase the government's Bitcoin holdings by selling a portion of the Federal Reserve's gold.
In 2016, Lichtenstein purportedly hacked into the crypto exchange Bitfinex and stole bitcoin worth over $10 billion today.
Bitcoin's correction reflects investors' inflation concerns and highlights the potential impact of future US fiscal policies.
Bitcoin reached a new all-time high but faced a slight pullback, with major Binance withdrawals suggesting long-term sentiment.
Michael Saylor says the US should and will build a reserve of bitcoin and explains why it is the greatest deal of the 21st century.
Joe Moglia, former CEO of TD Ameritrade, projected that Bitcoin (BTC) is primed for substantial growth, reinforcing its position as a vital asset in the global financial landscape. Moglia made the statement during a CNBC interview on Nov.
Matthew Sigel, head of digital assets research at Vaneck, projects a significant upward trajectory for bitcoin, setting a target price of $180,000. Bitcoin Could Reach $180,000 by Next Year, Says Vaneck's Sigel Sigel's outlook on bitcoin (BTC) remains bullish, fueled by what he identifies as indicators of a continued rally.
The Bitcoin price has soared to a new all-time high, driven by the bullish sentiment generated by the Donald Trump effect following the just-concluded US Presidential elections. The last time Trump won the US election in 2016, Bitcoin experienced a similar bullish reaction, surging to new ATHs around that time.
Bhutan made a move by selling 367 Bitcoin (BTC) worth about $33.5 million on Binance. Is Bhutan utilizing the BTC surge?
The CEO of the largest crypto exchange in the US thinks the digital asset industry is entering a new phase. In a new interview on CNBC, Brian Armstrong says that Donald Trump's successful bid to return to the White House and the victory of pro-crypto legislators in the recent elections will be bullish for crypto.
BTC's price surge is driven by bullish market sentiment, political changes, and increased adoption.
Bitcoin's price movements following Trump's victory this year resembles its rally following the 2020 presidential election.