After experiencing bearish declines and volatility, Bitcoin (BTC) is finally looking bullish, with a crypto analyst forecasting a breakout to a new all-time high target. After identifying a Cup and Handle pattern on the Bitcoin chart, the analyst announced to investors and traders that now may be the time to buy BTC.

The cryptocurrency business has resumed its trade today on a positive note, despite the latest CPI numbers being a pain point. Talking about numbers, the total market cap has shot up by 3.10% in the past 24 hours to $3.22 trillion. The trading volume has risen by 22.27% to $129.

One of three newly appointed directors to the board includes Jaime Leverton, the former CEO of Hut 8.

The second-largest cryptocurrency by market capitalization, ETH, is currently seeing a massive jump in its price after being dropped to $2132 due to economic uncertainty. As of now, ETH price has recorded a gain of 5.5% and trading around $2728. This surge has stirred excitement among crypto users questioning the reason behind the surge.

The Cboe BZX Exchange is seeking SEC approval to introduce staking for the 21Shares Core Ethereum exchange-traded fund.

Ethereum prices got a small boost following filings for staked ETH exchange-traded funds in the United States.

Ethereum price action amid the broader crypto market bearish sentiment over recent weeks hasn't been any different from the performance recorded in the past months. Over this period, Ethereum's price has struggled to gain significant upward momentum, remaining in a prolonged consolidation phase.

Swing traders and investors need to watch out for a drop below $190 as selling pressure remains firm.

Cathie Wood, CEO of ARK Invest, has recently emphasized an increased likelihood that Bitcoin could hit $1.5 million, thanks to rising interest from institutional investors.

Institutional adoption and increasing investor confidence are strengthening Bitcoin's long-term trajectory, with ARK Invest CEO Cathie Wood reaffirming a $1.5 million price target.

The bill “would make our state the first to establish a Strategic Bitcoin Reserve and drive innovation, growth, and financial freedom,” said Senator Schwertner.

The cryptocurrency market displayed strong bullish momentum on Thursday, shrugging off hotter-than-expected US inflation data for January. Bitcoin (BTC) regained ground above $96,000, while Ethereum (ETH), XRP, and Solana (SOL) traded firmly in the green.

Solana started a fresh decline from the $210 zone. SOL price is consolidating and might aim for a fresh move above the $200 resistance zone.

An explosion in a Malaysian city has uncovered an illegal Bitcoin mining operation, with police finding rigs powered by stolen electricity.

Ethereum (ETH), one of the largest cryptocurrencies by market capitalization, has been facing a more tempered outlook for 2025. Predictions for its price range from highly optimistic forecasts from influencers to more conservative estimates from institutional funds.

Franklin Templeton introduced its OnChain US Money Market Fund (FOBXX) on Solana yesterday, February 12. The tokenized fund was previously available on Ethereum, Avalanche, Aptos, and Coinbase's Base. The latest move came a day after the investment firm filed for a Solana exchange-traded fund in Delaware.

In a thread shared on X, Justin Bons—Founder and Chief Investment Officer of Cyber Capital, a fund he describes as Europe's oldest cryptocurrency fund—set out a pointed critique of the Solana blockchain.

On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC's advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new post on X, the market intelligence platform IntoTheBlock has discussed how BTC support and resistance levels are looking from an on-chain perspective right now.

The crypto prices on Thursday echoed considerable optimism among traders and investors globally, embarking on rising trajectories. Bitcoin (BTC) price pumped to regain a hold above $97K, whereas Ethereum (ETH), XRP, and Solana (SOL) also traded dominantly in the green territory intraday.

Fold has teamed up with Visa to launch a bitcoin rewards credit card, offering up to 2% BTC back, exclusive perks, and a path to mainstream crypto adoption.

Ethereum has been struggling to regain momentum, trading below the critical $2,800 mark since last Thursday. Bulls are in trouble as the price remains trapped under key supply levels, leaving investors concerned about Ethereum's short-term future.

Analysts say the price surge indicates that investor confidence has strengthened as they digest macroeconomic factors.

The Cboe BZX Exchange has recently submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to allow staking for the 21Shares Core Ethereum ETF. This request, filed through a Form 19b-4, aims to enable staking for the Ethereum held by the ETF trust.

With declining Bitcoin mining revenue and rising difficulty, companies like Riot are seeking new revenue streams.

Bitcoin has experienced lackluster price action over the past few days, trading in a narrow range between $94,700 and $98,600 since last Friday. This stagnant movement has added to the speculative environment, leaving the market uncertain about short-term direction.

Several US states, including Texas, Pennsylvania, and Ohio, are pushing proposals to invest public funds in cryptocurrencies or establish state-level bitcoin reserves. Asset manager VanEck analysed 20 such bills and estimated that, if implemented, they could lead to $23 billion in bitcoin purchases, equivalent to approximately 242,700 BTC.

Ethereum price is moving higher above the $2,600 zone. ETH might gain bullish momentum if it clears the $2,800 resistance zone.

New Mexico Senator Anthony Thornton has filed Senate Bill 275 (SB 275) dubbed the "Strategic Bitcoin Reserve Act". The bill makes New Mexico join other states that are also working to establish Bitcoin Reserves for their respective treasury departments.

Russia's Bitcoin mining hotspots are consuming more energy than ever, a new study has revealed, with crypto adoption continuing to soar nationwide. The post Electricity Consumption Growth Rockets in Russia's Bitcoin Mining Hotspots appeared first on Cryptonews.

Bitcoin (BTC) has recently witnessed significant whale activity, with long-term holders cashing out nearly $800 million in profits. This development has led to increased speculation regarding the potential for a price correction.

Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a fresh increase in the near term.

Robinhood's Q4 2024 revenue surged 115% YoY to $1.01 billion, with net income soaring to $916 million.

Crypto analyst CryptoCon has reaffirmed that a Bitcoin price rally to the $166,000 target is still in play. The analyst further revealed what needs to happen for the flagship crypto to reach this ambitious price target.

Lawmakers in 20 U.S. states are pushing bitcoin reserve bills that could inject $23 billion (247K BTC) into the market, according to Vaneck's head of digital assets research, who calls the estimate conservative. 20 State Bitcoin Bills Could Unleash a $23 Billion Buying Wave—247K BTC at Stake Lawmakers across 20 U.S.

Commenting on an X post about the high speed of crypto adoption, Coinbase CEO Brian Armstrong said that several billion people will be using Bitcoin by 2030.

The Wyoming Highway Patrol Association has adopted the Proof of Workforce's “Get Off Zero” initiative and is reportedly exploring adding Bitcoin to its balance sheet.

Institutional demand for Bitcoin surges as the Coinbase Premium Index flips positive while selling pressure reduces.

Bitcoin pioneer Adam Backs bold prediction of BTC reaching $10 million per coin has resurfaced, fueling speculation about its long-term potential. Bitcoin historian Pete Rizzo recently highlighted Backs past forecast, which projected a $200 trillion market cap by 2032, aligning with the next two Bitcoin halvings.

A recent discussion in the cryptocurrency space put Samson Mow, a well-known Bitcoin advocate and CEO of JAN3, in the spotlight. Mow, a firm believer in Bitcoins potential to reach $1,000,000, was asked about JAN3s revenue model despite its focus on hyperbitcoinization.

Bitcoin experienced a sharp drop following the release of higher-than-expected U.S. Consumer Price Index (CPI) data for January. The CPI annual rate came in at 3.3%, exceeding analysts expectations of 3.1% and marking an increase from Decembers 3.2%.

Institutional adoption of Bitcoin (BTC) could surge as 20 U.S. states advance legislation to establish Bitcoin reserves. If enacted, these proposals could lead to the purchase of approximately 247,000 BTC, valued at around $23 billion.

The first inflation report of 2025 came in hotter than expected, with the Consumer Price Index (CPI) rising 3% year-over-year in January, surpassing analyst projections. Markets reacted swiftlySP 500, Nasdaq-100, and Dow futures dropped over 1%, while Bitcoin (BTC) tumbled 2.4% within 15 minutes.

The cryptocurrency market has been unusually quiet, leading to rare patterns forming on price charts. One such anomaly has emerged in the XRP vs.

Bitcoins price volatility continues to create uncertainty as institutional investors adopt contrasting strategies. On-chain data from Arkham reveals that major financial firms managing spot Bitcoin ETFs, including Fidelity, Grayscale, and Invesco, have recently sold portions of their BTC holdings.

San Diego-based energy storage firm KULR (NYSE: KULR) continues to expand its Bitcoin holdings, reaffirming its commitment to BTC as a treasury asset. The company, which serves aerospace and defense clients, has now accumulated 610.3 BTCworth over $59 millionfollowing its latest $10 million purchase.

Ether's price briefly spiked 3.5% on the news that asset manager 21Shares plans to add staking to its spot Ether ETF.

The cryptocurrency community is speculating about a potential Solana (SOL) price explosion. Adding to this speculation?

In late November, retail investor demand for Bitcoin surged significantly, reaching a peak on Nov. 27 that seemed to cap off a period of heightened enthusiasm among small Bitcoin holders. During that time, many new and existing participants aggressively entered the market, chasing the price momentum that had begun to build earlier in the quarter.