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news-imageJanuary 8, 2025

Could Plunging Treasury Yields Be Why BTC Price Slumped Tuesday?

Bitcoin's price tumbled some 7.2% on Tuesday, from a high above $102,500 to $95,100. A surge in Treasury yields seemed to affect risk assets across the board.
Publisher: CryptoPotato
Sentiment: Negative
BTC

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Positive
cover-imageTokenpost
January 8, 2025

Thumzup, KULR Add Bitcoin to Treasuries as Corporate Adoption Grows

Two publicly traded companies announced substantial Bitcoin acquisitions this week, as more firms adopt a treasury strategy inspired by MicroStrategys crypto investment model. Los Angeles-based social media marketing company Thumzup Media revealed on Tuesday that it had purchased approximately $1 million in Bitcoin, marking its first major move into the cryptocurrency market.

Positive
cover-imageNewsBTC
January 8, 2025

Bitcoin To Blast Off? Trump's Fury Over Interest Rates Signals Big Move

Bitcoin experts are buzzing as President-elect Donald Trump lashed out against current Federal Reserve policy, calling interest rates “far too high” despite persistent inflationary pressures. “We are inheriting a difficult situation from the outgoing administration,” Trump said at his Mar-a-Lago club, adding that officials seem to be “trying everything they can to make it more difficult” for his incoming team.

Positive
cover-imageCoingape
January 8, 2025

Just In: Oklahoma Senator Proposes Bitcoin Freedom Act to Fight Inflation

Oklahoma State Senator Dusty Deevers has introduced the Bitcoin Freedom Act (SB325), a new proposal aimed at providing Oklahomans with alternative financial options in the face of rising inflation. The bill, filed for consideration in the 60th legislative session beginning February 3, would allow workers in Oklahoma to voluntarily opt to receive wages in Bitcoin.

Positive
cover-imageCryptopolitan
January 8, 2025

Trump-backed NFT collection debuts on Bitcoin's ordinals protocol

Donald Trump's newest foray into the digital collectibles market has begun with the launch of the “Trump Bitcoin Digital Trading Cards.” The first 160 collection items were launched on the Bitcoin blockchain using the Ordinals protocol, a method of inscribing individual assets on satoshis, the smallest unit of Bitcoin.

Negative
cover-imageThe Currency Analytics
January 8, 2025

Bitcoin Crash Wipes Out $627M in 24 Hours | 204K Traders Liquidated

The cryptocurrency market has once again proven its volatility as Bitcoin (BTC) saw a sharp decline over the past 24 hours, causing mass liquidations and wiping out hundreds of millions in trader positions. Just a day earlier, optimism had returned to the market, with Bitcoin reclaiming the $100,000 level and sending ripples of confidence through the market.

Negative
cover-imageThe Currency Analytics
January 8, 2025

Bitcoin (BTC) Price Drops: Is a 50% Crash Looming

Bitcoin (BTC) is facing significant downward pressure today, as the cryptocurrency market experiences a sharp sell-off. After peaking at $102,000, Bitcoin has seen its price plummet to around $96,000, marking a substantial drop.

Negative
cover-imageBenzinga
January 8, 2025

Bitcoin, Ethereum, Dogecoin Lower 'Corrections Are Typically Short-Lived,' Trader Prefers Not Going To $89,000 To $90,000

Cryptocurrency markets continued to slide lower on Wednesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,201.98 -2.3% Ethereum (CRYPTO: ETH) $3,279.33 -3.2% Solana (CRYPTO: SOL) $194.57 -4.9% XRP (CRYPTO: XRP) $2.32 +1.9% Dogecoin (CRYPTO: DOGE) $0.3362 -4.8% Shiba Inu (CRYPTO: SHIB) $0.00002113 -3.6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 9% and daily active addresses falling by 0.08%.

Negative
cover-imageCNBC Television
January 8, 2025

Bitcoin falls to $94,000, giving back most of 2025's early gains: 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, JP Richardson of Exodus discusses the self custody firm's listing on the New York Stock Exchange.

Positive
cover-imageBitcoin
January 8, 2025

QCP Capital: Bitcoin Slump Sets Stage for Potential Bullish Rally Near Trump's Inauguration

Bitcoin plummeted beneath the $95,000 threshold following unexpectedly vigorous U.S. employment data, fostering a pervasive risk-averse mood across markets, QCP Capital observed. Risk-Off Wave Hits Bitcoin — QCP Capital Reports Job Data Sparking Market Turmoil Bitcoin (BTC) saw a precipitous descent, dipping below $95,000, in the wake of surprisingly resilient U.S.

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