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.
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.
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.
As the year nears the end, Bitcoin has set up shop in the middle of East Africa. Ethiopia used its hydroelectric power, produced by the Grand Ethiopian Renaissance Dam (GERD), to facilitate Bitcoin mining.
Ethiopia is leveraging its hydroelectric power through the Grand Renaissance Dam to power Bitcoin mining and generate 18% of the country's revenue from digital assets.
Bitcoin price today is up 0.20% and trades at $95,700, down 11.29% from its all-time high of $108,421.6. With the 2024 year coming to an end, let's explore whether BTC price will hit $100K again in 2024.
Vivek Ramaswamy's Strive Asset Management is joining the ETF bandwagon by formally filing the Strive Bitcoin Bond ETF with the Securities and Exchange Commission (SEC). In a 475A filing submitted on December 26th, Strive aims to leverage the changing investment landscape favoring Bitcoin, digital assets, and the blockchain.
The South Korean won hit the lowest level against the dollar since March 2009.
Bitcoin option contracts worth $14.38 billion will expire today, reflecting strong market volatility and expectations of a Santa Claus rally.
Blackrock has found a new love for Bitcoin, as the firm holds massive BTC holdings. Not that only, it has also advised others to allot 2% of their total portfolio to this digital asset.
2024 seems set to go out with a sigh, rather than a bang. After a hectic two months during which $BTC saw record-setting, all-time highs and the crypto market cap surged dramatically, investors have settled down considerably.
Bitcoin's failure to break through a critical resistance level has heightened the risk of a potential decline toward $81,500.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: BTC) spot exchange-traded funds (ETFs) experienced a surge of inflows on Dec. 26, marking a reversal from four consecutive days of net outflows. What Happened: Bitcoin spot ETFs collectively saw a net inflow of $475 million, with Fidelity's (CBOE: FBTC) leading the charge, securing $254 million, according to data.
United States companies are one step closer to adopting what Bitcoin (BTC) enthusiasts call “the Bitcoin standard” for treasury operations. Analysts weighed in as a new Bitcoin-based exchange-traded fund (ETF) waits approval, further spreading the BTC virus in Wall Street.
As the crypto bull market moves into its final stage, altcoins have still not entered a typical, explosive altseason. Bitcoin ($BTC) continues to outperform.
Bitcoin's recent price action has been marked by a struggle to sustain the bullish momentum needed to push BTC higher.
Cambodia has permitted commercial banks and payment institutions to offer services involving Category 1 crypto assets, such as backed or stable cryptocurrencies. The post Cambodia's Central Bank Greenlights Stablecoins and Backed Coins, Excludes Bitcoin appeared first on Cryptonews.
Bitcoin (BTC) is seeing an increased buying pressure on the Binance crypto exchange.
The Russian government has been actively discussing alternatives to the US dollar in foreign trade. A senior government official recently disclosed that the country is open to using Bitcoin in foreign transactions.
Bitwise has filed an application to list and trade shares of an exchange-traded fund that will track companies holding significant amounts of Bitcoin as part of their treasury. The asset management firm's regulatory filing with the US Securities and Exchange Commission on Dec.
Multiple risks to Bitcoin's 2025 bull market have emerged, according to a new report from Matrixport. The report outlines threats ranging from BlackRock's concerns about Bitcoin's 21 million supply cap to Google's advances in quantum computing.
As it turned out by December 27, the trade-off for Bitcoin's (BTC) 61% climb in November from about $67,000 to above $108,000 was an almost complete lack of a ‘Santa Claus' rally ahead and during Christmas, which resulted in the coin changing hands at $96,273 at press time.
With Bitcoin trading close to $95k after two weeks of declining prices, analysts are wary of a potential massive crash that could see the flagship asset drop to $60k. Bitcoin has dropped over 2.
Bitwise hit the market with its proposal for the Bitcoin Standard Corporations ETF. This isn't like any typical BTC ETF which works with direct exposure.
Following the recent upswing in Bitcoin's price, old and new investors are beginning to demonstrate robust confidence in its long-term potential. This is evidenced by an increase in interest and accumulation of the digital asset as it draws closer to resistance levels that are crucial for its next major move.
Based on the liquidation data from the past week, AMBCrypto found that a price move might be incoming.
Bitcoin (BTC) fell further on Boxing Day, plummeting from $98,000 to a low of $95,214, failing to reclaim $100,000 over the holiday period. The cryptocurrency is down just over 2% over the past 24 hours, trading around the $96,100 mark with sellers firmly in control.
Bitcoin is entering the last few days of the year still generally following a sideways consolidation phase. As the $BTC price moves into the first quarter of 2025, could this be the beginning of the final blow-off stage which takes Bitcoin much, much higher?
Strive Asset Management, co-led by DOGE Co-Chief Vivek Ramaswamy, has taken a significant step toward introducing innovative investment strategies to the U.S. financial market. On Dec. 26, Strive filed with the U.S. Securities and Exchange Commission (SEC) for the launch of the first-ever Bitcoin Bond Exchange-Traded Fund (ETF).
Bitcoin ETFs ended a four-day streak of outflows with a net inflow of $475.2 million on December 26, signaling renewed investor interest. The post U.S. Bitcoin ETFs Break $1.5 Billion Outflow Streak with Post-Christmas Inflows appeared first on Cryptonews.
The cryptocurrency market could experience major volatility following the largest Bitcoin (CRYPTO: BTC) options expiry in history on Friday. What Happened: According to leading cryptocurrency derivatives exchange Deribit, Bitcoin options contracts, with nearly $14.38 billion in notional value expired at 3:00 a.m.
Market analyst Aksel Kibar has offered a perceptive analysis of Bitcoin's possible course highlighting a price target of $80,000 in the event that particular chart patterns materialize. His research is predicated on a crucial pattern that the price of Bitcoin seems to be forming: a head and shoulders top that may influence the asset's future course.
Bitcoin is sliding into the year's final days like a boxer on the ropes. After punching through records and shaking up financial markets, the apex crypto is now bleeding value.