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news-imageJanuary 9, 2025

Bitcoin's Funding Rates See Sharp Decrease, Is Market Activity Cooling Off?

Recent declines in Bitcoin's price have been followed by negative sentiment across several on-chain metrics that are crucial in determining its next trajectory. With key metrics witnessing a decrease, there are speculations that the flagship asset might see an extended drop in its price.
Publisher: Bitcoinist
Sentiment: Negative
BTC

More News Articles

Negative
cover-imageCoinPedia
January 10, 2025

Texas Court Orders Bitcoin Trader to Surrender $124 Million in Crypto Keys

A Texas court has ordered Richard Ahlgren III, an early Bitcoin investor, to hand over the private keys controlling $124 million in cryptocurrency. The decision follows Ahlgren's conviction in a groundbreaking case focused on tax-related cryptocurrency fraud last year. This marks a significant moment in the enforcement of digital asset laws. The Court's Ruling U.S.

Negative
cover-imageInvezz
January 10, 2025

Russia reportedly starts selling 1,032 BTC from crypto corruption case

Russia has begun liquidating a significant Bitcoin haul seized during its investigation into the Infraud hacker group, a move that could mark a turning point in how the country manages confiscated crypto assets. The sale, initially involving almost $10 million worth of Bitcoin, is the first step in converting a total of BTC 1,032.

Negative
cover-imageCoinPedia
January 10, 2025

Russia Starts Cashing In 1032 Bitcoin From Record Bribery Scandal

Russian bailiffs have started transferring over 1 billion rubles worth of Bitcoin from former Investigative Committee investigator Marat Tambiev into state revenue. Tambiev, who was convicted for accepting the largest recorded bribe in the history of Russia, had over 1,000 Bitcoin seized during an investigation into his involvement with a hacker group.

Negative
cover-imageBitcoinist
January 10, 2025

Thai Authorities Raid Bitcoin Mining Farm Over Multi-Million Baht Electricity Theft

Thailand is on a mission to address illegal mining operations causing massive power disruptions in its capital city, Bangkok, and neighboring areas. In its latest drive against these unregistered operations, the kingdom's Provincial Electricity Authority (PEA) announced that it has shut down an illegal Bitcoin mining farm in the Phanat Nikhom, District of Chonburi.

Neutral
cover-imageTokenpost
January 10, 2025

Concerns Over U.S. Silk Road Bitcoin Sales May Be Overblown, Analyst Says

Market fears over a potential sell-off of Bitcoin seized by the U.S. government from the dark web marketplace Silk Road are exaggerated, according to an analysis by CoinDesk senior analyst James Van Straten. Recent reports revealed that the U.S. Department of Justice (DOJ) had obtained the authority to sell 69,370 BTC (approximately $6.5 billion) confiscated from Silk Road.

Positive
cover-imageThe Currency Analytics
January 10, 2025

El Salvador Expands Bitcoin Holdings, Purchases 11 BTC in Single Buy

El Salvador, the first country to adopt Bitcoin as legal tender, has once again increased its cryptocurrency holdings with the purchase of 11 BTC. This move, confirmed by President Nayib Bukele via a tweet on January 8, 2025, highlights the government's continued commitment to Bitcoin, despite fluctuations in the global market.

Neutral
cover-imageNewsBTC
January 10, 2025

Bitcoin Not Reached ‘Extreme Euphoria' Phase Yet, Glassnode Reveals

The on-chain analytics firm Glassnode has revealed the level Bitcoin would have to rise to if it has to reach the historical top zone in this pricing model. Bitcoin Hasn't Surpassed Last MVRV Pricing Band Yet In a new post on X, Glassnode has talked about the extreme euphoria threshold of the Bitcoin Market Value to Realized Value (MVRV) Pricing Bands.

Positive
cover-imageThe Currency Analytics
January 9, 2025

Bitcoin: The New S&P 500? CEO Anthony Pompliano Thinks So

Bitcoin, the world's leading cryptocurrency, has been making waves in the investment sector, and some believe it's evolving into something even more significant: a benchmark for the new digital economy. Anthony Pompliano, CEO of Professional Capital Management, recently compared Bitcoin to the S&P 500, suggesting that the digital asset has become the preferred benchmark for younger investors.

Positive
cover-imageNewsBTC
January 9, 2025

Bitcoin Alert: Here's Why The Trump Inauguration Is A ‘Buy The News' Event

Bitcoin has fallen to a low of $92,508 on January 8 after previously hitting $102,357 on Monday, marking almost a 10% retreat in a matter of days. The immediate catalyst appears to be the January 7 spike in US Treasury yields, with the 10-year rate hitting 4.67% following an unexpectedly strong ISM Prices Paid Index and higher-than-anticipated JOLTS job openings.

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