The United States Bitcoin ETF market saw a festive turnaround on Dec. 26, as $475 million in inflows ended a four-day streak of $1.5 billion in losses. Fidelity, ARK, and BlackRock led the recovery, signaling renewed investor interest post-Christmas.
Bitcoin (BTC) saw explosive momentum starting in early November. By December 4, the leading cryptocurrency reached a new all-time high — closing above $100,000 for the first time in history.
The Bitcoin market has been a lot of back and forth during the week, as the markets are dealing with lowered liquidity, and the holidays overall. More importantly in this market though, is the fact that there are a lot of gains to digest.
On Friday, as the weekend looms, bitcoin (BTC) is holding its ground at $96,751 per coin. Over at Coinbase, a curious twist has appeared over the past 11 days with a negative premium gap of $122, while South Korea is displaying a premium of 3.3% on bitcoin's price.
Bitcoin, the world's leading cryptocurrency, has been experiencing a significant decline in recent weeks. As its price fell to around $95,120, concerns have been rising about a potential sharp crash, with some experts warning that it could plunge all the way to $60,000.
Cambodia has finally cracked the door open to crypto—kind of. For the first time, the National Bank of Cambodia (NBC) is letting commercial banks and payment companies handle stablecoins and other cryptos backed by real-world assets.
Multiple filings came in yesterday for bitcoin bond ETFs, one being to invest in MicroStrategy convertible securities.
The Dollar-Cost Averaging (DCA) strategy attracts many crypto investors. By regularly investing a fixed amount, they hope to mitigate market fluctuations and achieve a favorable average purchase price.
While NFT sentiment started 2024 down, demand started to grow by year's end amid significant market shifts. Here's a look back.
The Bitcoin price is still in a correction phase under $100,000, as it is currently down by 1.93% in the past 24 hours. Nonetheless, crypto analyst Titan of Crypto is sure that the leading cryptocurrency is still maintaining its trajectory to the $110,000 mark.
Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency's future.
L'Ethiopia is emerging as an innovative example of using renewable energy to support bitcoin mining. Thanks to the Grand Renaissance Dam, the country is harnessing its abundant hydroelectric power to fuel Bitcoin mining, a sector that now represents 18% of the national revenue generated from digital assets.
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.
Cryptocurrency analysts of Coinidol.com report, the price of Bitcoin (BTC) has risen above the 50-day SMA support after repeated tests.
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.
It concerns ten regions where there is a shortage of electricity.
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.