Bitcoin plunged to a December low of $92,442 on Dec. 23, quashing optimism for a Santa Claus rally. The sharp correction comes after a 14.5% fall from its all-time high, leaving traders wary of festive season volatility.
Robert Kiyosaki, the millionaire investor and author of Rich Dad Poor Dad, has once again expressed his unwavering confidence in Bitcoin, urging investors to view its recent price dip as a buying opportunity. In a post on the social media platform X, Kiyosaki addressed the concerns of Bitcoin investors who are lamenting its falling value.
After recovering from the interim lows at around $92,400, the Bitcoin price has been consolidating below $95,000 for over a couple of days. As a result, these levels have become one of the pivotal levels to secure that could pave the way for the price to reclaim $100K at the earliest.
The crypto market is now stabilizing after facing a rough patch, with the total market cap now holding firm roots at $3.31 trillion. The intraday trade however saw a decline of 1.50%, taking the numbers to $150.08 billion.
The price of Bitcoin (BTC) continues to fall, losing nearly 15% in just six days, which is quite painful for a $2 trillion asset. Of course, such a performance changes the sentiment of crypto market participants from bullish euphoria to fear, uncertainty and doubt.
TL;DR Bitcoin spot ETFs have experienced significant outflows, with a net loss of $227 million on December 23, reflecting growing caution among investors. In contrast, Ethereum ETFs have seen robust inflows, with a net gain of $131 million on December 23, highlighting growing institutional adoption and investor confidence in Ethereum.
The "Santa Claus rally" seems to have hit a snag this year, with Bitcoin reaching its lowest price of December 2024 at $92,442. This unexpected drop has surprised investors, calling into question the historical trends of rising prices during the holiday season.
According to an announcement unveiled on Monday, Matador Technologies Inc., a Canadian publicly listed outfit, declared it's adding bitcoin to its balance sheet.
The crypto market, once riding high on optimism just days ago, has entered the holiday season in a slump. Bitcoin, which reached its all-time high of $108,364 on December 17, 2024, is now trading at $94,416 as of 1:15 p.m. UTC on December 24.
MicroStrategy plans to ramp up its equity issuance program to actualize its massive BTC strategy.
After reaching its all-time high of $108,360 the price of Bitcoin made a sharp downturn. As the price broke below ascending support it signaled the beginning of a corrective phase.
BlackRock, the world's leading asset management company, reportedly spent $1 billion on bitcoins just on the eve of the sharp decline of the BTC price.
A known crypto millionaire, active investor, trader, and Ethereum (ETH) supporter continues to capitulate from a losing Ethereum-Bitcoin (BTC) trade. James Fickel is among the richest cryptocurrency investors and a recognized entrepreneur in longevity research as the Amaranth Foundation's founder.
Bitcoin experienced a highly volatile trading session yesterday, with prices swinging between $92,300 and $96,420 throughout the day. The cryptocurrency now hovers near the $93,000 mark, struggling to establish a clear direction in the short term.
After crashing nearly 15% Bitcoin has spent nearly a week below $100K and BTC currently trades at $94,124. Despite the brutal crash and sideways movement when will Bitcoin price hit $100,000?
NO BYLINE, THANK YOU Exchange-traded funds (ETFs), governments and MicroStrategy (MSTR) own nearly one-third of all known Bitcoin (BTC) holdings.
TL;DR Dogecoin and other memecoins have seen a significant decline in social media dominance, with traders shifting focus to more established cryptocurrencies like Bitcoin. Santiment's analysis shows a notable decrease in the social dominance of top memecoins, suggesting waning investor interest and a shift towards stable cryptocurrencies.
The ghost of Mt. Gox is back, and this time it's moving mountains of Bitcoins.
James Fickel swapped another 6,500 ETH in exchange for 235.6 WBTC. The popular crypto millionaire further reduced ETH/BTC's long position to repay his debt.
Solana, like a Phoenix, rises from the ashes of FTX. With a 2,000% increase, it makes Bitcoin and Ethereum look outdated, showing record volumes and spectacular inflows.
In a recent development, Russia has imposed a ban on crypto mining in six regions from January 1, 2025. Notably, the restrictions will be imposed on the regions for six years and will be in effect till March 15, 2031.
Bitcoin investors were in a panic mode, but this might be a blessing in disguise!
From tree-lighting ceremonies, carol sing-alongs, to cute gifts, the Christmas spirit is alive and kicking, bringing families and communities together. For cryptocurrency enthusiasts, the joy has doubled on the back of Bitcoin's (CRYPTO: BTC) record-breaking run leading up to the special day.
El Salvador's Vice President Felix Ulloa flaunted the country's Bitcoin reserves as evidence that the country is a model for financial freedom and a digital economy. Ulloa made this statement in a recent discussion with Chinese Ambassador Zhang Yanhui.
The Bank of Italy in its Economic and Financial 893rd research paper published in November 2024 has raised concerns about certain Bitcoin peer-to-peer (P2P) services, calling them “crime-as-a-service.” However, these unregulated services are now seen as key tools for money laundering, especially in countries with weak laws.
The Russian government has announced a six-year ban on cryptocurrency mining in ten regions, effective Jan. 1, 2025, citing concerns over excessive energy consumption. The restrictions, set to last until March 15, 2031, will apply to both individual and pool mining operations, Tass reported.
Bitcoin price went through a complete shift in its performance in the last few days. More importantly, it stayed in an entire week downtrend for the first time since Trump's win in the US election.
The crypto market anticipates increased activity as Deribit's record $14 billion Bitcoin options expiry nears.
A financial analyst has warned a $4.
TL;DR Bitcoin has had a remarkable year, reaching new all-time highs, but recently dipped to its 50-day moving average, trading at around $94,500, approximately. Factors behind the pullback include expectations of slower Federal Reserve interest-rate cuts and mixed market reactions to President-elect Donald Trump's push for relaxed US crypto regulations.
Bitcoin needs to dip much harder to deliver even standard December downside, data shows, as BTC price targets continue to focus on the mid-$80,000 area.
El Salvador showcased its Bitcoin achievements during a meeting between Vice President Félix Ulloa Jr. and Zhang Yanhui, the Ambassador of the People's Republic of China. On Dec. 23, Vice President Ulloa emphasized how Bitcoin has transformed El Salvador into a symbol of financial freedom.
Why is Metaplanet doubling down on Bitcoin during a market slump?
Bitcoin price is under downward pressure and key metrics confirm bearishness. Here's why will struggle to BTC recover in the near-term.
Cosmos Network developers have recently sold off Bitcoin, increasing market pressure and sparking concerns over price stability. The move has drawn significant attention from the crypto community, given the scale of the sales and their potential impact on the broader market. With 295.3 BTC worth $27.8 million sold at a price of $94,410.
The recent Bitcoin price action has been marked by a correction from its all-time high of $108,135 achieved just a week ago. Although Bitcoin has largely held up above the $90,000 mark, the correction has seen the cryptocurrency falling to as low as $92,500 in the past 24 hours.
After Bitcoin (BTC) hit a record high of about $108,000, the asset has retreated, facing the threat of dropping below the $90,000 support zone as hopes of a possible Santa rally fade.
XRP, SUI, and HBAR key technical patterns signal bullish breakouts, potential consolidation, and critical price targets as Bitcoin price stagnates.
As 2024 comes to a close, the cryptocurrency world has experienced a year full of milestones. Bitcoin surged past $100,000, Ethereum saw its ETF launch, and stablecoins further solidified their role in global finance. In addition to this Donal Trump-sized U.S. presidential victory and SEC's chair Gary Gensler to resign soon.
A solo Bitcoin (BTC) miner has defied the odds, successfully mining a block and claiming a significant six-figure reward. Amidst a high-risk market where many Bitcoin investors are exercising caution, this remarkable occurrence has captured the attention of the crypto community.
In yesterday's preliminary proxy statement with the SEC, MicroStrategy introduced a plan to increase authorized shares from 330 million to 10.33 billion as part of its $42 billion 21/21 Plan.
Mt. Gox's Bitcoin redistribution leaves the market balancing between sell-off fears and recovery hopes.
Brokerage firm Robinhood has no immediate plans to invest in Bitcoin, despite its growing focus on the crypto sector. The post Robinhood Will Continue Crypto Push But Won't Invest in Bitcoin: CEO appeared first on Cryptonews.
With Trump in office soon, 2025 is highly anticipated to be an exciting year for Cryptos. What are the top Bitcoin predictions and what is their impact on crypto?
Bitcoin struggles amid declining whale activity and institutional demand slowdown. A potential rally to $168K hinges on sentiment and market dynamics.
Bitcoin (BTC) continues to dominate the crypto industry, shaping adoption trends and influencing global finance. With 2025 approaching, institutional interest, government engagement, and retail adoption are driving its momentum.
Bitcoin ($BTC) is still following a local downward trend, and has now lost 13%, equal to $11,000, since the last all-time high of $108,000. Can $BTC now start to recover, or is there more downside to come?
MicroStrategy has convened this special meeting to allow shareholders to vote on about three proposals that will see to it that it achieves its goals.