Bitcoin price has recently broken below a long-time ascending channel and the Trump-fueled rally needs fresh impetus to sustain gains.

With Bitcoin's sudden downturn marking a bearish week for the crypto market, a recap highlights the top performers and biggest losers. Examining various aspects of Bitcoin and altcoins, here's an outlook on how Bitcoin could still reclaim the $100K milestone.

Ever since the BTC price triggered a massive breakout to the ATH, the markets have become highly optimistic about the next price action. The upper targets were elevated beyond $110K to $115K ahead of the yearly close.

Bitcoin traders rapidly adjust their short-term BTC price outlook as support fails and BTC/USD heads further below $100,000.

The Tokyo-listed firm said today it purchased an additional 619.7 BTC after it raised almost $61 million through bond issuance last week.

Japan's Metaplanet announced the purchase of an additional 619.70 BTC on Monday, capitalising on the Bitcoin dip to the $95,000 level. The total estimated cost of the deal was around $60 million (around £47 million). As per a statement by the company, the average price for the purchase was around $96,000.

A veteran of the Bitcoin ecosystem says that BTC is moving into a phase where extreme price impulses to the upside will become normalized.

The cryptocurrency landscape is undergoing a significant transformation as institutional demand for Bitcoin (BTC) surges. One of the most notable trends in the market is the growing role of spot Bitcoin Exchange-Traded Funds (ETFs), which now absorb more Bitcoin than miners can produce.

BTC saw its worst week since Trump's victory in early November.

Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings to 1,761.98 BTC. Metaplanet, a publicly traded Japanese company, has acquired 619.

BTC may remain on the defensive for some time, presenting a "buy the dip" opportunity to investors, according to Bitwise's Andre Dragosch.

The Bitcoin market pullback has deepened, with the asset extending losses over the weekend and into this week.

Japan's MicroStrategy Metaplanet announced the purchase of an additional 617 BTC on Monday, buying the Bitcoin dips to $95,000 levels. It further reported that the company has generated a massive 309% yield on its Bitcoin holdings during the fourth quarter.

Metaplanet has made its largest Bitcoin purchase to date, acquiring nearly 620 BTC as the cryptocurrency trades below $100,000. The post Metaplanet Makes Record 620 BTC Purchase Amid Price Dip Under $100K appeared first on Cryptonews.

Even though Bitcoin managed to record impressive gains in 2024, it is not the best-performing commodity of the year.

Bitcoin's social sentiment has dropped to its lowest point of 2024, with the ratio of positive to negative comments falling to 4:5.

Key Points:

Bitcoin's 15% correction during the third week of December marked its largest weekly price drop since August. Experts attribute the decline to the impact of global macroeconomic factors, warning that Bitcoin could see further downside if these pressures intensify.

MicroStrategy has set new records with its Bitcoin acquisitions in November 2024, surpassing previous highs from the 2021 bull market.

The cryptocurrency market faced another day of bearish pressure, with Bitcoin (BTC) hovering around the $95,000 mark. The global crypto market cap dipped nearly 2% to settle at $3.27 trillion, while trading volumes shrank by 15% to $138 billion.

Japanese investment firm Metaplanet has purchased $60 million worth of Bitcoin, the largest single BTC buy it has made since it started acquiring the cryptocurrency in May.

Key Points:

Tokyo-based Metaplanet Inc. purchased additional Bitcoin, continuing Bitcoin Treasury Operations. The company bought 619.70 Bitcoins at an average price of 15,330,073 yen a piece and paid a total of 9.5 billion yen.

Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17.

Bitcoin Cash community member and self-described “freedom maximalist” minisatoshi has released a detailed trajectory of Bitcoin, tracing it's path as P2P permissionless cash from 2009 to the present.

Metaplanet, a Japanese investment firm, has made another major addition to its Bitcoin holdings, purchasing 619.70 BTC for 9.5 billion yen (Approximately $60.70 Million) . Following this acquisition, the company's total Bitcoin holdings have now reached 1,761.98 BTC. The average purchase price for the latest transaction was 15,330,073 yen per Bitcoin.

Spot Bitcoin ETFs recorded $423.6 million in inflows this week, doubling miner production.

The cryptocurrency market today continued to show bearish momentum, with Bitcoin (BTC) falling below $95,000. The global crypto market dropped by approximately 2% to $3.27 trillion, while trading volume decreased by 15%, now at $138 billion.

A Bitcoin reserve proposed by Senator Cynthia Lummis could slash US national debt by 35% by 2049, predicts VanEck. The firm forecasts Bitcoin could grow 25% annually, reaching $42.3 million and representing 18% of global financial assets by then.

Bitcoin bull Michael Saylor has pitched a US crypto framework, saying a strategic digital asset policy can strengthen the dollar and neutralize the country's national debt.

Trump's pro-crypto agenda gains traction with new Crypto Council appointments, aiming to foster innovation in digital assets.

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a Strategic Bitcoin Reserve.

Bitcoin price extended losses and traded below the $100,000 zone. BTC is showing bearish signs and might continue to move down toward the $91,200 support zone.

VanEck has said a US Bitcoin reserve could majorly slash the national debt if the cryptocurrency grows to $42.3 million a coin by 2049.

At this crucial point, XRP is testing the 26 EMA, a key support level that could dictate the asset's short-term course. After weeks of erratic price action, XRP is now at a critical juncture trading close to $2.28.

On Sunday, President-elect Donald J. Trump revealed that Stephen Miran, who previously served during Trump's first term, will helm the Council of Economic Advisers. Miran is seen as a pro-bitcoin ally, openly advocating for cryptocurrencies' role in driving both innovation and economic progress. Trump Taps Stephen Miran to Shape U.S.

Rumors are swirling in the cryptocurrency sector that the United Arab Emirates (UAE) reportedly holds over $40 billion in Bitcoin.

Bitcoin's recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.

Bitcoin has been on a correction path since it reached a new all-time high of $108,135 on December 17. Notably, this correction has seen the leading cryptocurrency decline by about 10% up until the time of writing and even breaking below $93,000 very quickly.

Rich Dad Poor Dad author Robert Kiyosaki believes that the world is in trouble amid a financial system that runs on inflation and currency debasement. Kiyosaki tells his 2.

Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online exchange with Jeff Bezos on X. The Amazon founder found himself in the headlines after firmly rejecting claims he was planning a $600 million wedding with fiancée Lauren Sanchez next weekend in Aspen, Colorado.

Anthony Scaramucci, founder of SkyBridge Capital, has dismissed concerns surrounding Michael Saylor and MicroStrategy Inc., suggesting fears of a potential collapse due to Bitcoin's (CRYPTO: BTC) volatility are exaggerated. What Happened: In an interview on Friday, Scaramucci pointed to Saylor's long-term debt strategy as evidence of MicroStrategy's resilience.

The government of El Salvador has clarified that it will continue pushing bitcoin as part of its economic strategy, even as it inked an agreement with the IMF to wind down its bitcoin operations.

Bulls remain in control of the cryptocurrency space even as the fear & greed index eases to a neutral level of 59 as at the time of writing. Analysts forecast an unparalleled bull run in 2025; an aspect that has pushed investors to look for profitable investment opportunities beyond Bitcoin.

VanEck, a leading asset management firm, has recently projected that the United States could significantly cut its national debt by as much as 36% by 2050 through adopting a Strategic Bitcoin Reserve.

MicroStrategy co-founder Michael Saylor has suggested that suggested that Amazon founder Jeff Bezos should consider buying $100 million worth of Bitcoin instead of splurging all this cash on a lavish wedding.

Binance founder Changpeng Zhao has triggered a discussion about cryptocurrency adoption in the UAE after sharing claims about the nation's Bitcoin holdings.