The irony of the crypto market is how much it falls when the economy is doing well. On Tuesday, a couple of important economic readings came in better than expected, and Bitcoin (BTC -5.53%) and other cryptocurrencies dropped on the news.
The Ethereum (ETH) price took a beating on Tuesday, dropping 8% on the day to below $3,400 as risk appetite took a broad beating following strong US economic data that triggered fears of a US inflation rebound that could result in slower/less interest rate cuts from the US Federal Reserve. The post Ethereum Price Crashes 8% – Collapse Back Below $3,000 Imminent? appeared first on Cryptonews.
CFTC alleged Gemini provided inaccurate data on Bitcoin price manipulation safeguards, a charge the crypto firm denies.
Arthur Hayes predicts a Bitcoin price peak in March 2025, driven by shifting liquidity conditions and macroeconomic factors, but cautions investors about potential volatility in the first quarter.
The crypto market experienced a sharp decline led by Bitcoin's 5% drop from its $102,000 high, as strong U.S. job data and steady Federal Reserve rate projections dampened hopes for monetary easing, resulting in over $400 million in liquidations across major digital assets.
Czech Republic's central bank Czech National Bank (CNB) Governor, Aleš Michl said the Bank is considering taking on Bitcoin as a reserve currency. In an interview with CNN Prima News, Governor Michl said the Bank is thinking of investing a small amount of central bank funds in Bitcoin as a diversification asset.
Bitcoin miners in the United States are adapting to intense pressure from rising costs and heightened competition for resources. Mining giants such as Mara Holdings and Riot Platforms have raised a total of $3.7 billion since November, investing heavily in Bitcoin reserves as a means to weather the storm.
Bitcoin's current valuation stands between $96,512 to $97,121 over the last hour, boasting a market capitalization of $1.91 trillion and a 24-hour trading volume amounting to $59 billion, indicative of intensified market engagement. The cryptocurrency oscillates within an intraday spectrum from $96,163 to $102,760.
According to a concerning new report, Bitcoin ETF issuers are acquiring BTC more than 20 times faster than miners can produce new blocks.
The cryptocurrency market was not doing well on Tuesday as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other digital assets plunged. The crypto market crash occurred in tandem with other risk-off events in the global financial market owing to rising US treasury yields, a more hawkish Fed and heightened macroeconomic uncertainty.
Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets in general.
Bitcoin observed nearly 5% weekly gain and reclaimed the $100,000 milestone. The new year renewed BTC holders' hopes for further gains, following the sell-off in the holiday season.
Ethereum's price has been on the rise since hitting a low on December 20, but the rally thus far appears to be more of a corrective move than an impulsive uptrend. The market hasn't yet displayed enough momentum to confirm a strong upward trend, but this could change as the price action evolves.
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Bitcoin briefly retested the price level above $100,000 on Jan. 6, but the flagship cryptocurrency dipped below the six-digit mark again.
Wondering about Bitcoin's price in 2025? Explore this analysis of expert predictions, market trends, and key factors influencing Bitcoin's future value in 2025.
The Chinese yuan has extended its three-month losing trend, sliding to its lowest since September 2023. "Markets Daily" host Jennifer Sanasie breaks down what CNY's strength means for bitcoin price.
As nations worldwide reevaluate cryptocurrency regulations, the Czech Republic emerges as a progressive force with new tax policies and institutional interest in Bitcoin, while its central bank governor weighs digital assets against traditional reserves.
Arthur Hayes, co-founder of Bitmex, has made waves with his prediction that Bitcoin (BTC) could reach a peak of $101,847 by mid-2025 before experiencing a significant market correction. His forecast is based on the liquidity environment expected to prevail in early 2025, along with the potential influence of political changes, such as Donald Trump's return to the White House.
Nexo's latest Dispatch report discussed Bitcoin crossing $100,000, Ethereum gaining traction, and Solana facing potential headwinds as 2025 begins with surging market activity. Bitcoin broke through the $100,000 mark this week, a milestone highlighted in Nexo's latest “Dispatch” report.
Bitcoin price sold-off today, but heavy demand below $98,000 is prepping the market for the next leg higher.
Governor Aleš Michl of the Czech National Bank considers Bitcoin as a potential reserve asset to diversify the bank's portfolio. While Bitcoin's volatility raises questions, the bank focuses on increasing gold holdings, signaling cautious steps toward integrating cryptocurrency into financial strategies. The post Czech Republic Central Bank Explores Bitcoin as Reserve Asset appeared first on Cryptonews.
Bitwise CEO and co-founder Hunter Horsley believes many more publicly traded companies will add Bitcoin (BTC) to their balance sheets in 2025. The head of the crypto asset manager Bitwise says on the social media platform X that investors may see a lot more companies adopting Bitcoin as a corporate strategy this year.
Cryptocurrency markets are sliding on Tuesday as producer price pressures weigh on the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,073.3 -4.7% Ethereum (CRYPTO: ETH) $3,431.99 -6.9% Solana (CRYPTO: SOL) $205.16 -6.4% XRP (CRYPTO: XRP) $2.30 -5.5% Dogecoin (CRYPTO: DOGE) $0.3562 -8.7% Shiba Inu (CRYPTO: SHIB) $0.00002217 -8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 68.6% and daily active addresses falling by 0.01%.
Cryptocurrency markets are sliding on Tuesday as producer price pressures weigh on the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,073.3 -4.7% Ethereum (CRYPTO: ETH) $3,431.99 -6.9% Solana (CRYPTO: SOL) $205.16 -6.4% XRP (CRYPTO: XRP) $2.30 -5.5% Dogecoin (CRYPTO: DOGE) $0.3562 -8.7% Shiba Inu (CRYPTO: SHIB) $0.00002217 -8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 68.6% and daily active addresses falling by 0.01%.
Dennis Porter, co-founder and chairman of the 501(c)(4) non-profit Satoshi Action Fund, has revealed a significant development in US state-level Bitcoin initiatives. On December 7, via X, he declared, “A 14th state is now poised to introduce ‘Strategic Bitcoin Reserve' legislation.
Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has once again made headlines with his bullish forecast for Bitcoin. The finance guru, known for his advocacy of alternative assets like gold, silver, and Bitcoin, believes that Bitcoin could soar to between $175,000 and $350,000 by 2025.
Bitcoin Layer 2 foundations are building on Bitcoin. So, why aren't they storing their treasuries in it?
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin drops 5% from $102K high as hot US job data and Federal Reserve projections weigh on markets, with $400M liquidated. The post Bitcoin retreats from $102K high amid hot job data and Federal Reserve projections appeared first on Crypto Briefing.
Bitcoin and Ethereum ETFs started 2025 in the red, but now have collectively attracted $1.75 billion over the last two trading days.
GoMining, a blockchain-based platform that allows users to participate in the Bitcoin mining ecosystem via tokenized hashrate ownership, has announced its expansion to Solana.
Bitcoin experiences significant pullback from $102K, falling below $98K following robust US labor market data, though bullish sentiment persists with Fear and Greed Index at 66.
In 2024, the combined market capitalization of public Bitcoin mining companies reached $50 billion for the first time.
Bitcoin has crashed below $100,000. As of press time, it's trading at $97,063, down 4.8% in twenty-four hours.
Matt Hougan, the Chief Investment Officer (CIO) of American asset management firm Bitwise, has reacted to the news of the Czech Republic's strategic Bitcoin reserve plans. Having predicted earlier that nation states adoption of Bitcoin will soar this year, Hougan noted that “the dominos start to fall.
U.S. Spot Bitcoin ETFs saw nearly $1 billion in inflows over Friday and Monday. Speculation about the U.S. Bitcoin Strategic Reserve is contributing to bullish sentiment.
In a latest development, Publicly traded company Thumzup Media Corp has announced that it has added $1 million in Bitcoin to its balance sheet. On January 6, 2025, Thumzup Media Corporation purchased 9.783 Bitcoins for $1,000,020, at an average price of $102,220 per Bitcoin, inclusive of fees and expenses.
The non-custodial payment gateway reported increased merchant interest across multiple sectors following Bitcoin's December price surge.
Bitcoin‘s sharp drop following its surge to a new all-time high led to significant challenges for investors and traders, especially BTC's short-term holders. However, with BTC regaining its upside momentum, the market might become favorable for institutional and retail investors in the upcoming days.
BTC's latest price drop might be setting the stage for a major bearish reversal pattern.
In a surprising turn of events, the cryptocurrency market has experienced a sharp decline, with Bitcoin (BTC) and Ethereum (ETH) both seeing significant losses. This downturn coincided with the release of the US Job Openings and Labor Turnover Survey (JOLTS) data, which indicated a surge in job openings, signaling a robust labor market.
As the cryptocurrency community anticipates the next move by the incoming Donald Trump administration regarding the potential to roll out of a Bitcoin (BTC) reserve, an economist has cautioned that such a move could negatively affect the economy.
Analysts have shared predictions since November 2024, with some suggesting that Bitcoin would surpass $150k in 2025 and others expecting a market price above $200,000. The predictions came after Bitcoin crossed several new all-time highs in the last quarter of the past year.
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A weakening Bitcoin-equity correlation offers hope for crypto investors as new data hints at a new peak this year.
SUNation plans to integrate Bitcoin into its treasury, aiming for diversification and sustainability.
After weeks of quiet, Bitcoin has once again smashed the $100,000 mark. With $1.