Despite the positive sentiments, Ki Young Ju, CEO of CryptoQuant, warned that Bitcoin might close the year below $59,000.
Large players in the BTC options market expected wild price swings in either direction, but there was an overwhelming bullish bias.
Despite a bullish market, institutional investors pulled $400 million from Bitcoin ETFs.
U.S. spot bitcoin ETFs recorded $400.67 million in outflows on Thursday, ending a six-day streak of positive flows.
The recent surge in Bitcoin (BTC) prices could well last into 2025 and see it reach highs of $180,000, said Matthew Sigel, head of digital assets research at VanEck.
The Royal Government of Bhutan has sold 367 Bitcoin (BTC), worth about $33.5 million through major cryptocurrency exchange Binance.
In a unique perspective, a cryptocurrency analyst equated Bitcoin (CRYPTO: BTC) to gunpowder, arguing that sooner or later sovereign nations would be compelled to adopt the leading cryptocurrency. What Happened: Matt Huang, CEO of cryptocurrency-focused investment firm Paradigm, penned a blog post Thursday, highlighting Bitcoin's growing prominence.
Galaxy Digital CEO Mike Novogratz is forecasting the potential price trajectory of Bitcoin (BTC) if the incoming administration of President-elect Donald Trump adopts the crypto king as a strategic reserve asset.
Ilya “Dutch” Lichtenstein has been sentenced to five years in prison by a Washington federal judge for stealing billions worth of Bitcoin from crypto exchange Bitfinex.
Bitcoin has entered an explosive bullish rally, breaking all-time highs seven times over the past eight days. This sustained surge has set new price records and pushed its market cap above $1.809 trillion, placing it ahead of Saudi Aramco, the oil giant valued at $1.79 trillion.
Trump's crypto tax rumors suggested no capital gains tax, which could potentially boost Bitcoin adoption.
Bitcoin (BTC) rallied past the $90,000 psychological barrier on November 12. That day, it briefly traded at a new all-time high of $93,265.
Shares in Trump media experienced a similar dynamic before the recent price slide.
A Bitfinex hacker has been sentenced to five years in prison for crypto theft and money laundering.
Bitcoin (BTC) has recently experienced a massive surge, rising over 39% since November 5th to reach a new record high of $93,250 on Wednesday. However, the largest cryptocurrency by market capitalization has since experienced a pullback and is currently trading around $88,800.
Bitcoin's price has been on a tear, surging over 40% this month alone, cementing a remarkable 120% year-to-date gain. From its 2022 cycle lows, it has skyrocketed nearly 500%, fueling excitement across the crypto community. With the upcoming U.S.
A guide beyond the hype that helps you avoid common mistakes and make informed decisions when entering the bitcoin market for the first time.
Bitcoin has been on a remarkable surge recently, with its price increasing by 20.6% in the past week alone. Currently hovering around $90,000, the cryptocurrency is inching closer to a major milestone: $100,000.
Spot Bitcoin exchange-traded funds in the United States experienced an outflow day on Nov. 14, ending their six-day inflow streak that had brought over $4.73 billion into the funds.
Bitcoin's meteoric rise following the U.S. elections has set the stage for even greater gains, with investment management firm VanEck projecting the cryptocurrency to hit $180,000 by 2025. The post VanEck Predicts $180K Bitcoin Price Target for 2025, Says ‘No Technical Resistance' appeared first on Cryptonews.
Investment management firm VanEck has rolled out a bullish projection for Bitcoin (BTC) amid recent price spikes. Bitcoin reached new high levels, with whales and institutional investors tipping massive price points this cycle.
The queen of cryptos continues its meteoric rise, now surpassing Saudi Aramco to become the seventh most valuable asset in the world. With a market capitalization of $1.81 trillion, Bitcoin is approaching the tech giant Google.
What if Bitcoin could help the U.S. cut its huge $33 trillion debt by $16 trillion? Sounds unbelievable, right? But MicroStrategy CEO Michael Saylor thinks it's possible. He believes that if the U.S.
According to Fox Business, they've introduced a new bill called the Pennsylvania Bitcoin Strategic Reserve Act. If this bill passes, it would allow Pennsylvania's treasury to invest up to 10% of its savings.
Bitcoin's journey to $100,000 seems increasingly likely after it surpassed $90,000, driven by post-election optimism, strong ETF inflows, and historical market trends.
The recent Bitcoin rally has driven Coinbase to the ninth spot in global app rankings, followed by Robinhood at 13.
Friday means another Bitcoin options expiry event is due, and it is another big one, as markets have been surging recently.
The crypto market will witness $3.98 billion in Bitcoin (BTC) and Ethereum (ETH) options contracts expire today. This massive expiration could impact short-term price action, especially as both assets have recently declined.
Bitcoin has reached a major milestone by surpassing the $90,000 price mark, marking a significant moment in its ongoing bullish rally. The price surge has drawn the attention of existing investors and attracted a new wave of market participants.
Bitcoin's recent price action has been closely tied to a crucial financial metric: the NDX/SPX ratio, which compares the performance of the Nasdaq 100 (NDX) to the S&P 500 (SPX). This ratio has proven to be a strong indicator of investor sentiment, especially toward technology stocks.
Bitcoin spot exchange-traded funds (ETFs) experienced a sharp reversal on November 14, posting a combined net outflow of $400.7 million. The post Spot Bitcoin ETFs See $401M Outflow, Breaking Six-Day Inflow Streak appeared first on Cryptonews.
Bitcoin whales drive momentum, hinting at a potential bullish rally.
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.
MicroStrategy chairman Michael Saylor has once again stressed the importance of the US having a strategic Bitcoin Reserve. In his latest CNBC interview, Saylor said that accumulating one million Bitcoins over the next five years can help the government reduce the US national debt by a staggering $16 trillion i.e.
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.