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news-imageDecember 19, 2024

Bloomberg Provides Bullish Outlook For Bitcoin In 2025

Bitcoin (BTC) is about to get more recognition in the coming year, riding on its reserve status and performance over the past year. According to Bloomberg's Mike McGlone, the digital currency may become a top commodity indicator in 2025 after outpacing other profiled assets.
Publisher: Coingape
Sentiment: Positive
BTC

More News Articles

Negative
cover-imagePYMNTS
December 19, 2024

El Salvador to Roll Back Bitcoin Project Under IMF Agreement

The International Monetary Fund (IMF) said Wednesday (Dec. 18) that El Salvador will alter its bitcoin project as part of a staff-level agreement on a $1.4 billion Extended Fund Facility (EFF). “The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies,” the organization said in a Wednesday press release.

Negative
cover-imageBenzinga
December 19, 2024

Bitcoin, Ethereum, XRP Plunge Over 6% Each, Dogecoin Drowns 14% On Turbulent Post-FOMC Thursday

Cryptocurrency markets are trading lower on Thursday, with Bitcoin falling below the $100,000 mark following Wednesday's Fed meeting. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,083.43 -5.7% Ethereum (CRYPTO: ETH) $3,377.75 -9.3% Solana (CRYPTO: SOL) $192.61 -8.3% XRP (CRYPTO: XRP) $2.21 -6.5% Dogecoin (CRYPTO: DOGE) $0.312 -14.1% Shiba Inu (CRYPTO: SHIB) $0.00002161 -12% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.4%; daily active addresses remained relatively flat.

Negative
cover-imageThe Motley Fool
December 19, 2024

Why Bitcoin, Ethereum, and Dogecoin All Dropped Today

The crypto momentum we've seen all fall and early winter hit a big snag over the past 24 hours after the Federal Reserve cut interest rates. That may sound like a good thing on the surface, but as part of the cuts the Fed also said it expects inflation and unemployment to rise more than expected in 2025.

Positive
cover-imageYahoo Finance
December 19, 2024

Bitcoin's long-term growth 'far exceeds' the US dollar: Sen. Lummis

While Federal Reserve Chair Jerome Powell was adamant that the central bank could not own bitcoin (BTC-USD), Senator Cynthia Lummis (R-WY) believes 2025 is shaping up to be "the year for bitcoin & digital assets" in a social media post from earlier this week. Senator Lummis — who has championed the bipartisan Lummis-Gillibrand Responsible Financial Innovation Act (RFIA) alongside Democratic Senator Kirsten Gillibrand (D-NY) — has been a vocal supporter of President-elect Donald Trump's choice of David Sacks as the incoming administration's "AI and crypto czar" and what it represents for the crypto space.

Positive
cover-imageBitcoinist
December 19, 2024

Germany's FDP Pushes For Strategic Bitcoin Reserve Amid Election Campaign

Germany's Free Democratic Party (FDP) is intensifying its focus on Bitcoin and crypto policy during the run-up to the country's parliamentary elections, scheduled for February. The party's newly released election manifesto, published on December 18, signals a notable pivot towards integrating digital assets such as Bitcoin into the existing financial framework.

Negative
cover-imageCNBC Television
December 19, 2024

Bitcoin falls below $100K after Fed signals fewer rate cuts in 2025: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, SEC Commissioner Hester Peirce discusses the agency's role in crypto under the incoming leadership, as well as where some of the enforcement actions against crypto firms may stand.

Negative
cover-imageInvezz
December 19, 2024

Bitcoin's $100K test: Fed's cautious stance sparks market volatility

Bitcoin, the flagship cryptocurrency, has experienced a turbulent 24 hours, fluctuating around the $100,000 mark as the Federal Reserve's cautious outlook on interest rate cuts dampened enthusiasm for speculative investments. This volatility underscores the complex interplay between monetary policy, market sentiment, and Bitcoin's own inherent fluctuations, creating an environment of both opportunity and risk.

Negative
cover-imageBenzinga
December 19, 2024

Bitcoin Price Craters 6.5% To $96,500: What Is Going On?

Bitcoin (CRYPTO: BTC) prices continued their downward trajectory on Thursday, falling 6.5% over the past 24 hours as markets digest the Federal Reserve meeting the day prior. What Happened: CoinDesk senior analyst James Van Straten highlighted that Wedneday's sell pressure totaled $2.7 billion (26,000 BTC)—the sixth-highest daily outflow this year.

Positive
cover-imageCryptoSlate
December 19, 2024

Institutions absorb 8 years' worth of Bitcoin issuance in 2024

Institutional players bought 859,454 Bitcoins (BTC) in 2024, equivalent to eight years of BTC issuance and 4.3% of its total circulating supply, according to a K33 Research report. The majority of the amount was purchased by spot exchange-traded funds (ETFs) and public-listed companies like MicroStrategy.

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