Bitcoin's recent price surge has driven up mining equipment costs, with Shenzhen's Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike.

MicroStrategy co-founder Michael Saylor recently told Bloomberg that the company would overhaul its fundraising strategy to add more "intelligent" leverage.

In a report published on December 17, analysts at cryptocurrency exchange Bitfinex stated that a combination of rising institutional adoption of Bitcoin (BTC) and bullish technical indicators could push the leading cryptocurrency as high as $200,000 by mid-2025. The report also predicts that any price corrections during 2025 are likely to ‘remain mild.

XRP News Now : Amid the ongoing crypto correction escalated by the monetary policy changes in the United States, Ripple Labs-backed XRP has retraced more than 5 percent in the past 24 hours to trade about $2.36 on Thursday, during the early European session.

The cost of Ant mining machines in China, developed and produced by Bitmain, has increased 30% from the previous year. The post Bitcoin Surge Drives Cost of Mining Machines in China, More Buyers From Russia appeared first on Cryptonews.

Bitcoin price slipped below $100,000 during late U.S. trading hours but bounced back slightly in early Asian trading on Thursday. Will BTC price drop?

Short-term BTC puts are in demand after hawkish Fed dented the bullish sentiment in risk assets.

Memecoins were also tipped by the survey respondents as a top source of market growth next year, behind AI tokens.

The author of Rich Dad, Poor Dad, Robert Kiyosaki, has urged investors to buy Bitcoin now, saying that crypto will hit $350k by 2025.

Specific requirements of the deal include limiting the public sector's bitcoin purchases, and the wind-down of public bitcoin wallet Chivo.

Bitcoin has seen continuous bullish momentum in recent weeks resulting in the asset's consistent new highs. According to recent analysis, this momentum appears to not just be random as it comes amid major moves behind the scenes.

Online reports revealed Craig Wright skipped his UK court hearing today due to an alleged lack of resources to travel. The Australian computer scientist is facing a contempt of court case over his lawsuit against Bitcoin Core developers and could receive a prison sentence if the claim is proved.

El Salvador secured a $1.4B IMF loan by easing Bitcoin policies, allowing businesses to decline the asset and reduce associated risks. The post El Salvador Eases Bitcoin Push to Unlock $1.4B IMF Loan appeared first on Cryptonews.

The Bitcoin price has been surging since the start of the quarter and the U.S. election results offered a huge boost to the rally. With this, the price soared effortlessly and marked highs above $108K, marking a fresh ATH.

Bitcoin briefly dipped below $100,000 after hawkish comments from the US Federal Reserve, with an analyst suggesting its price is forming a bearish pattern on the week.

After the US Federal Reserve announced a 25 bps rate cut on Wednesday, the Bitcoin price came crashing under the $100K level to trigger the broader crypto market crash. The selling pressure was a reaction to the Fed's future monetary policy guidance for 2025 and coming years.

Metaplanet Inc. (Tokyo: 3350), a Japanese company that has earned a huge reputation in the crypto industry through its Bitcoin strategy, has announced its debut in the United States market.

The price of Bitcoin briefly slipped below the $100,000 mark on Wednesday, plunging to as low as $98,839, according to CoinGecko data.

Key Points:

The significant development in cryptocurrency world, President-elect Donald Trump has unveiled a draft executive order for the creation of a U.S. Strategic Bitcoin Reserve (SBR). The order comes after a pivotal meeting with Kris Marszalek, the CEO of Crypto.com, on December 16, 2024, at Mar-a-Lago.

The crypto market is not short of ambitious six-figure Bitcoin targets, and Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, known for years as a Bitcoin bull, remains optimistic about 2025.

Bitcoin's surge past $100,000 has created 14,211 new millionaires and four new billionaires, a new study NFT Evening has revealed. Bitcoin Investors Outshine Blue-Chip Stock Investors According to findings from an NFT Evening study, bitcoin's surge past the $100,000 mark has created 14,211 new millionaires and four new billionaires.

BlackRock's Bitcoin explainer video sparks debate by suggesting the cryptocurrency's 21 million supply cap is not guaranteed, raising questions about its scarcity and value proposition.

The cryptocurrency market witnessed a sharp decline on December 19, as Bitcoin (BTC) plunged below the $100,000 mark following the US Federal Reserve's decision to cut interest rates by 25 basis points.

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BlackRock's Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) witnessed a remarkable $860 million surge in just 24 hours. This surge underscores the growing interest from institutional investors in crypto-backed financial products, signaling a major shift in how traditional financial markets are engaging with digital assets.

Grayscale's Bitcoin Mini Trust ETF has attracted over $1 billion in net inflows in 2024, with the total assets under management surpassing $4 billion.

Bitcoin, XRP and Dogecoin saw sharp declines following the Federal Reserve's announcement of a rate cut on Dec. 18, 2024.

Coinbase has successfully fended off a restraining order sought by BiT Global as a California court ruled in favor of the exchange's decision to delist wrapped bitcoin.

The crypto market fell 7.5% as investors shifted from risk assets after the Fed cut rates to 4.25%-4.50%, signaling caution on aggressive future cuts. The post Crypto Market Slumps as Bitcoin Drops Below $100K Following Fed's Rate Cut appeared first on Cryptonews.

The legal battle between Ripple and the SEC has been gaining momentum as the January 15 hearing approaches. John Reed Stark, a former SEC enforcement official and crypto skeptic, recently appeared on Docket Media LLC podcast and opened up about the historic Ripple decisions.

The International Monetary Fund (IMF) announced on December 18, 2024, that it has reached a staff-level agreement with El Salvador for a $1.4 billion loan under its Extended Fund Facility (EFF). The agreement is currently at the staff-level stage and requires formal approval by the IMF's Executive Board, expected by early February 2025.

Powell said that the Federal Reserve Act does not allow the central bank to hold Bitcoin, leaving the decision to Congress. The post Fed Chair Jerome Powell Says Central Bank Has Little to Do With Bitcoin Stockpile appeared first on Cryptonews.

Bitcoin eyes $103,000 resistance after rebounding from $99,480 support. Strong buying interest and oversold RSI suggest near-term potential for a rally. The post Strike CEO Predicts Bitcoin Could Skyrocket 870% – Is $1 Million BTC on the Horizon? appeared first on Cryptonews.

The cryptocurrency market experienced a sharp downturn as Bitcoin (BTC) fell below the $100,000 mark after the Federal Reserve announced a 25 basis points cut. Contrary to expectations of a positive market reaction, the news triggered widespread sell-offs, affecting major altcoins.

The letter emphasizes the value of Bitcoin in guaranteeing economic stability and sovereignty. The call to action asks Dutch officials to place the Netherlands first in the digital financial revolution.

XRP price started a fresh decline below the $2.350 zone. The price retested the $2.20 support zone and is currently attempting a recovery wave.

The Ohio Bitcoin Reserve Act (HB 703), introduced by state lawmaker Derek Merrin, has captured the attention of both the cryptocurrency and financial communities. This pioneering bill proposes that Ohio's state treasurer be granted the authority to invest in Bitcoin as part of the state's financial reserves.

XRP's price is currently trading between two key levels: strong support around $2 and resistance between $2.90 and $3. This $3 level has been a tough barrier for XRP, and the price hasn't yet broken down the overall bullish trend, despite some short-term pullbacks.

Market volatility highlights the sensitivity of cryptocurrencies to monetary policy shifts, impacting investor confidence and asset stability. The post Bitcoin sinks below $100,000, altcoins tumble following Fed's hawkish signals appeared first on Crypto Briefing.

El Salvador will limit its Bitcoin mandates, reducing public sector activity and merchant obligations under a $1.4 billion IMF loan agreement aimed at lowering its debt-to-GDP ratio. IMF Loan Prompts El Salvador to Limit Bitcoin Use As part of a $1.4 billion loan deal with the International Monetary Fund, El Salvador is going to limit public sector engagement in Bitcoin-related economic activities, make merchant adoption of Bitcoin voluntary, and unwind its involvement in the little-used Chivo wallet.

Powell said on Wednesday that the central bank is not allowed to hold bitcoin and has no plans to change the law.

Fed Chair Jerome Powell stated that the central bank could not and would not hold Bitcoin.

Key Points:

Bitcoin price started another decline below the $105,000 zone. BTC is down nearly 5% and attempting a close below the $100,000 support zone.

Today, December 19, 2024, the overall cryptocurrency market is experiencing notable losses, with major cryptocurrencies like Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and XRP seeing significant price declines over the past 24 hours. A potential reason for this drop is the recent Federal Reserve rate cut meeting.

Under the agreement, El Salvador will make Bitcoin acceptance voluntary for the private sector while restricting public sector involvement.