Analysis based on Metcalfe's Law projects Bitcoin to reach $1.5 million by 2035, despite current market pullback to $92,805 and short-term technical support at $91,500.
The Bitcoin world is buzzing with potential changes, especially with former President Trump's plan for Bitcoin reserves. Crypto experts like Anthony Scaramucci are keeping a close eye on this, as Trump could introduce his first executive order soon, possibly including Bitcoin reserves alongside pro-crypto policies.
Mining profitability increased last month as the rally in bitcoin outpaced the increase in the network hashrate, the report said.
The cryptocurrency market faced a significant downturn in early January 2025, with several leading coins experiencing sharp declines.
A UK judge has dismissed IT worker James Howells' case to recover a hard drive containing 8,000 Bitcoin (worth $740 million) from a Welsh landfill, ruling there were no reasonable grounds for success despite his 12-year effort to gain access to the site.
On-chain data shows the Bitcoin Accumulation Trend Score has observed a decline recently, a sign that investor cohorts have taken to selling. Bitcoin Accumulation Trend Score Is Currently Sitting At 0.21 In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the Accumulation Trend Score has recently been looking for Bitcoin.
Republican state senator Dusty Deevers recently introduced a bill allowing Oklahoma employees and residents to opt to receive salaries in Bitcoin and enable businesses to accept BTC payments.
Global Macro Investor founder Raoul Pal maintains that investors have no reason to be worried about the recent market movements.
Bitcoin's price retreated below $95,000 amid record ETF outflows of $568.8 million and news of potential government sales of seized Silk Road Bitcoin worth $6.5 billion.
Block Inc. is a strong contender for the S&P 500 as it allocates 10% of its monthly Bitcoin gross income to BTC investments.
Bitcoin price has managed to progress slowly to $94,000 over the last 24 hours. The cryptocurrency's daily trading volume has dipped by 4.0% as per CMC data.
Arkham reveals BlackRock's IBIT is selling BTC, sparking speculation about its reaction to market pullbacks and questioning Bitcoin's 21M supply.
After Bitcoin dropped to $92,000 on January 9, 2025, the question on everyone's lips was: Is the Bitcoin Bull Run coming to an end? Analysts have examined the issue and present 3 factors that prove the BTC rally is far from over.
No matter how deep you are in the cryptocurrency market, Scottie Pippen is warning investors about the bear traps in Bitcoin (BTC) that certainly were not on anyone's bingo card a year ago. But it is 2025, and it is a reality.
Canadian spot Bitcoin ETF investors have been flocking to more liquid US alternatives, triggering the largest crypto ETF outflows in Canada's history.
AI-powered trading platform AlgosOne has claimed that its trading bot boasts a reported success rate of over 80% on Bitcoin trades. The post AI Trading Bot AlgosOne Claims 80% Success Rate in Bitcoin Trades appeared first on Cryptonews.
Canadian spot Bitcoin ETF investors have been flocking to more liquid US alternatives, triggering the largest crypto ETF outflows in Canada's history.
The CMC Crypto Fear and Greed Index has plummeted below 50, reaching its lowest point since Oct. 14. This drop coincides with Bitcoin‘s (CRYPTO: BTC) price slipping under $92,000, marking a notable change in market sentiment.
Nayib Bukele, the President of El Salvador, who has continued to push forward with bitcoin policies in his country, announced that he aims to profit from the potential DOJ sales of bitcoin seized as part of the Silk Road market takedown.
A UK judge has dismissed the long-standing legal case of James Howells, who sought access to a landfill containing a hard drive with Bitcoin worth more than $770 million. This ends the 12-year saga for the IT engineer from Newport, Wales that captivated the cryptocurrency community all these years.
Economist and trader Alex Krüger is leaning bullish on Bitcoin (BTC) even as the flagship crypto asset hovers around 14% below the all-time high. In a new episode of the Unchained podcast, Krüger says that Bitcoin has more upside potential and is not even “remotely” close to the cycle top.
Could Ethereum ETFs become the new dominant force in crypto investments?
Bitcoin market performance has faced a challenging start to the year, marked by a lesser upsurge and more bearish sentiment. Amid these fluctuations, insights from CryptoQuant analyst Avocado Onchain shed light on the current state of Bitcoin's price movements and the factors influencing them.
Bitcoin has seen significant selling pressure recently, following a strong push above the $100K mark. The flagship cryptocurrency briefly celebrated a major milestone before dropping sharply to a low of $92,500 within three days.
Cryptocurrency analytics firm CryptoQuant has opined that the potential selling pressure that will stem from the U.S. government's possible sale of Silk Road-related Bitcoins would have a rather negligible impact on the market in the long term.
On Jan. 9, 2025, CryptoQuant released data showing that Bitcoin reserves held by U.S.-based entities are now 65% larger than those held offshore.
Bitcoin's future price could reach $1.5 million per coin by 2035, according to network economist Timothy Peterson.
Bitcoin's efforts to maintain the $100,000 level have been hampered by rising U.S. Treasury yields and a strengthening dollar, leading to a decline in digital asset performance
US Bitcoin miner CleanSpark reached a major milestone in January by surpassing 10,000 Bitcoin in its treasury, all mined from its domestic operations.
CEX.IO's new report debunks fears of a supply crisis, citing steady market liquidity and strategic long-term holder profit-taking as stabilizing factors.
The year 2025 could very well start with a bang for Bitcoin, thanks to a massive injection of liquidity from the FED, which could propel BTC to a new ATH in March 2025.
Bitcoin short-term holders are potentially giving the market a classic "buy the dip" signal, new research from CryptoQuant says.
The market depth shows dominance of buy orders at levels away from the going market rate.
Another Friday means another batch of Bitcoin options are expiring and crypto markets have been retreating all week, will they fall further?
As Bitcoin (BTC) continues its pullback into the low $90,000 range, analysts are divided on how much further the top cryptocurrency might fall before a potential bounce. However, long-term market observers remain confident, emphasizing that short-term price action does not alter their belief in BTC's eventual rise to a million dollars or more in the coming years.
The cryptocurrency market experienced a significant pullback over the past 24 hours, with the global market cap declining by 1.05%, settling at $3.27 trillion. Trading volumes also hit 8.61% to $151.27 billion, as marketers await an update on the U.S. jobs data.
James Howells lost his legal bid to recover a Bitcoin-filled hard drive worth $770 million.
The crypto market is set to see $2.27 billion in Bitcoin and Ethereum options expire today, a development that could trigger short-term price volatility and impact traders' profitability.
Bitcoin price has recovered above $94,000 levels after making a fresh low of $91,380 earlier today as selling pressure on the world's largest cryptocurrency fades slightly. Veteran Wall Street investor Raoul Pal expects the Global M2 Money supply to expand once again, triggering a strong recovery in BTC from here onwards.
Block Inc., a financial services and digital payments company, could become the first S&P 500-listed firm with an explicit Bitcoin strategy. The post Block Poised to Be First S&P 500 Company with Explicit Bitcoin Strategy: VanEck's Matthew Sigel appeared first on Cryptonews.
A Texas court has ordered Richard Ahlgren III, an early Bitcoin investor, to hand over the private keys controlling $124 million in cryptocurrency. The decision follows Ahlgren's conviction in a groundbreaking case focused on tax-related cryptocurrency fraud last year. This marks a significant moment in the enforcement of digital asset laws. The Court's Ruling U.S.
Russia has begun liquidating a significant Bitcoin haul seized during its investigation into the Infraud hacker group, a move that could mark a turning point in how the country manages confiscated crypto assets. The sale, initially involving almost $10 million worth of Bitcoin, is the first step in converting a total of BTC 1,032.
US-based entities now hold 65% more Bitcoin than offshore counterparts, driven by growing institutional demand and regulatory clarity.
A man's attempt to require a city council to let him search a landfill for his £600m bitcoin fortune was denied after a decade-long battle.
The cryptocurrency market surges with excitement over Bitcoin's potential future price, one model stands out by offering a starkly different timeline. While many analysts predict Bitcoin could hit $1 million as early as 2025, the new Quantile Bitcoin model disagrees.
Russian bailiffs have started transferring over 1 billion rubles worth of Bitcoin from former Investigative Committee investigator Marat Tambiev into state revenue. Tambiev, who was convicted for accepting the largest recorded bribe in the history of Russia, had over 1,000 Bitcoin seized during an investigation into his involvement with a hacker group.
Thailand is on a mission to address illegal mining operations causing massive power disruptions in its capital city, Bangkok, and neighboring areas. In its latest drive against these unregistered operations, the kingdom's Provincial Electricity Authority (PEA) announced that it has shut down an illegal Bitcoin mining farm in the Phanat Nikhom, District of Chonburi.