Although Bitcoin (BTC) remains range-bound – trading between the $90,000 and $100,000 price levels – some crypto analysts predict that a price correction may be on the horizon due to a bearish ‘head and shoulders' pattern forming on the daily chart. Bitcoin To Drop To $80,000?
The cryptocurrency market is steady after recent ups and downs, with the total market cap standing at $3.3 trillion. However, trading activity dipped slightly, with intraday trade volume falling by 1.66% to $124.18 billion. Despite this, market sentiment remains neutral, as indicated by the Fear & Greed Index at 51.
Bitcoin has always been a volatile asset, with prices often swinging unpredictably. But what if there was a way to anticipate its movements?
The Bitcoin bulls have switched to the passive mode as they cannot exert enough pressure even in times of a drop in selling volume. This indicates a lack of interest among the market participants, as bears also remain inactive.
Analysts from the market intelligence company CryptoQuant note that current patterns in Bitcoin (BTC) metrics indicate possible changes in market dynamics. Bitcoin Price Faces Short-Term Volatility After a period of steady decline, spot exchange reserves have experienced a notable uptick, reflecting an inflow of 20,000 BTC.
Japan's Prime Minister has expressed uncertainty about adopting Bitcoin as part of the country's reserves, citing insufficient information on similar initiatives reportedly underway in the United States and elsewhere.
Around 80% of demand for the spot Bitcoin ETFs came from retail, but industry analysts expect institutions to pick up the pace in 2025.
ProShares has applied to launch ProShares Bitcoin hedge ETFs linked to the S&P 500, Nasdaq 100, and gold.
Putin's Russia sees the use of Bitcoin as an effective means to avoid sanctions in international trade.
The Bitcoin (BTC) ‘kimchi premium' has returned to South Korea's cryptocurrency market as the country grapples with political instability. This has led to a weakened Korean won (KRW) and a higher price for the leading cryptocurrency.
As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape. Currently trading at $3,321, ETH's resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC).
US Crypto Policies Threaten XRP & BTC Trends: Anti-crypto moves by the Biden administration and SEC weigh on XRP prices and BTC adoption potential.
The crypto market today is experiencing a cool-off period with the holiday season in full swing. Bitcoin (BTC) and Ethereum (ETH) have tumbled, with BTC falling below 95K and ETH now down to the 3300 range.
The moves of the Bitfinex whales have been reliable indicators for moves in the price of Bitcoin itself, as explained by this analyst.
The race for dominance is on, and Ethereum's ability to rise from its current slump will be crucial for its future.
Bitcoin has recently shown signs of potential market shifts as key metrics reflect changing investor behavior. This is evident in Bitcoin reserves on spot exchanges, which had been in a steady decline for weeks, now seeing a notable uptick with an inflow exceeding 20,000 BTC, according to CryptoQuant analyst IT Tech.
Corporations are fueling the bitcoin boom, with top 60 public companies amassing 591,368 BTC—Microstrategy dominating the list with an unrivaled 444,262 bitcoins.
Galaxy Research is of the belief there will be “some movement” within US government departments in 2025 to explore an "expanded Bitcoin reserve policy."
Galaxy Research is of the belief there will be “some movement” within US government departments in 2025 to explore an "expanded Bitcoin reserve policy."
In 2024, Bitcoin experienced an extraordinary rise in popularity on the social media platform X, formerly known as Twitter. According to recent data, mentions of Bitcoin on X increased by 65% year-over-year, with users publishing over 140 million tweets about the cryptocurrency.
Critical support for XRP is present at the 26 EMA, a level that has been holding the ground for the asset. The assets short-term trajectory will probably be determined by the ongoing battle at this price.
Bitcoin might soon face a major correction, but there is hope for a price hike too!
The Bitcoin price has struggled to reclaim previous price highs above $100,000, with bearish sentiment dominating the market. Currently, the Bitcoin price is retesting the support line of an Ascending Channel after crashing below $95,000.
Eric Semler, chairman of Semler Scientific, has predicted that more companies will adopt the bitcoin standard, as not owning bitcoin will be considered “irresponsible.” Semler attributes the slow implementation of bitcoin as a reserve asset in public companies to the conservative approach of some institutions.
The governments of Japan and Russia have ruled out creating national Bitcoin (BTC) reserves in the near future. The post Japan, Russia Rule Out National Bitcoin Reserve ‘For Now' appeared first on Cryptonews.
Bitcoin (BTC) has been on a wild ride lately, surging to $99.8K before taking a sharp dip to $95,484, shedding the gains from the Christmas rally. As the cryptocurrency market heats up, traders and analysts are buzzing with speculation about Bitcoin's future price.
One crypto analyst on X shared on Wednesday an investment thesis that sees the market cap of XRP surging to as much as $1.56 trillion if the token's dominance continues to scale up in the following months.
Mike Belshe, BitGo co-founder and CEO, joins 'Closing Bell Overtime' to talk the outlook for cryptocurrency in 2025.
Ethereum is set to surpass $5,500 by 2025, according to Mike Novogratzs Galaxy. The forecast points to DeFi expansion and an NFT revival as pivotal factors driving the altcoins growth, with Ethereum expected to outperform Bitcoin in the process.
Bitcoin (BTC) has had a rollercoaster ride over the years, with significant price fluctuations capturing the attention of investors and analysts alike. Recently, Bitcoin saw its price drop to around $96,200, leading many to question what the future holds for the world's leading cryptocurrency.
Crypto exchange Coinbase recorded the highest outflow last week, with 10,756 Bitcoin (BTC) withdrawn in one hour. The total volume was worth approximately $1.1 billion, sparking slight bull signals in the market.
Ethereum had an underwhelming 2024, underperforming against Bitcoin and many top altcoins throughout the year. While BTC soared to new all-time highs, ETH struggled to reclaim its bullish momentum, leaving investors questioning its position in the market.
This week's Crypto Biz explores Bitcoin's landmark year, Crypto.com's new custody service, Russia's partial ban on crypto mining and taxes on staking rewards in the US.
According to Polymarket's latest betting activity, participants are showing a modest 30% confidence in bitcoin (BTC) reaching the $100,000 mark by the end of the year. However, in a twist, another wager on the platform indicates a 21% belief that bitcoin could leap to $150,000 by March 31, 2025.
The founder of investment firm Morgan Creek Capital is identifying what could serve as a huge catalyst for Bitcoin (BTC) and the overall crypto market in 2025.
Bitcoin exchange-traded funds (ETFs) in the United States have experienced a significant recovery, attracting $475 million in inflows, reversing a recent trend of withdrawals. This influx marks a promising rebound for Bitcoin ETFs, following a period of outflows that had seen more than $1.5 billion leave the funds.
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Bitcoin has recently shown impressive resilience despite the expiration of $14.2 billion in options in December 2024. However, a significant correction followed, causing BTC to drop to $93,000!
The spot ether exchange-traded fund (ETF) launched by the world's largest asset manager earlier this year now holds a substantial trove of ETH, having recently surpassed one million tokens. According to data from BlackRock's website and the Ethereum blockchain — first spotted by Arkham Intelligence — the iShares Ethereum Trust ETF (ETHA) fund now holds 1.
To qualify, companies need to maintain a minimum of 1,000 BTC in their corporate treasury and satisfy certain market requirements.
Bitcoin‘s potential for a significant upside move in the short term continues to gain traction as a positive price trend emerges on its daily chart. With upward momentum currently building, the much-anticipated next move will put the digital asset back above the pivotal $100,000 mark.
Mike Novogratz's Galaxy has predicted that the price of Ethereum (ETH), the leading altcoin, will be trading above $5,500 in 2025.
According to several high-profile Bitcoin analysts, the price of BTC may crash to $60,000 in the coming months. Bitcoin's momentum has stalled recently, and its recent major gains may prove fragile.
Cryptocurrency markets are trading down on Friday, with Bitcoin falling below the $95,000 mark. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,485.63 -1.2% Ethereum (CRYPTO: ETH) $3,358.23 +0.7% Solana (CRYPTO: SOL) $186.67 -1.3% XRP (CRYPTO: XRP) $2.17 +0.5% Dogecoin (CRYPTO: DOGE) $0.3144 +0.1% Shiba Inu (CRYPTO: SHIB) $0.00002185 +0.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 31.6% and daily active addresses falling by 0.04%.
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has made a bold prediction about Bitcoin price. He forecasts that Bitcoin will reach $350,000 by 2025, urging investors to prioritize self-custody over institutional ETFs.
Robert Kiyosaki predicts Bitcoin will hit $350,000 by 2025, citing its 130% growth this year and rising institutional interest. BlackRock's Bitcoin ETF saw a record $188.7M outflow and concerns about price manipulation.
Hemi Labs CEO Jeff Garzik sheds light on Hemi's "proof of proof" security model and his vision for a multi-chain future.
Historical data shows that the Ethereum price could enjoy huge gains in the first quarter of 2025. Based on this data, crypto analyst Kaduna predicted that the second-largest crypto by market cap could usher in the altcoin season at the start of the new year.