The crypto gains of 11% in early 2025 came to a halt and the market saw yet another bloodbath dropping 5% this week with Bitcoin, Ethereum, and XRP taking a sharp decline. The crypto fall came after, the U.S.
Bitcoin has recently made waves in the financial world by surpassing the performance of traditional equity markets, notably outpacing the S&P 500 in early January 2025. As of the latest data, Bitcoin (BTC) has been trading at around $100,839, reflecting a 1.39% increase in the past 24 hours and a 7.16% rise over the last seven days.
Large Bitcoin holders are accumulating billions in BTC after a significant price correction, signaling renewed confidence and recovery potential for the cryptocurrency.
The crypto market remains in bearish territory today, with Bitcoin dipping below the $95K mark, dragging down major altcoins. The global market cap has decreased by about 2%, bringing it to $3.33 trillion. The total crypto market volume over the last 24 hours is $167.5 billion, reflecting a 1.41% decrease.
BNB price is consolidating above the $675 support zone. The price is consolidating and might aim for a fresh increase above the $700 resistance.
Bitcoin mining reached unprecedented milestones in 2024, but not without encountering significant challenges. A new report, sponsored by Nicehash and authored by Digital Mining Solutions and Bitcoinminingstock.io, delves deep into the evolution of the industry.
Could Bitcoin rival gold in global reserves?
Bitcoin (BTC) price has continued to validate short-term bearish sentiment after sliding below $95k on Wednesday, during the mid-morning of the New York trading session. The flagship coin has experienced a significant decline in bullish momentum since mid-November.
The share of US entities' bitcoin reserves soared between last September and December, during which Donald Trump was reelected as President.
SpaceX and Tesla CEO Elon Musk, who now advises the incoming president Donald Trump, warned on Tuesday that the new government in Washington could slow the growth of Bitcoin prices.
The U.S. government has received approval to liquidate a significant portion of its Bitcoin (CRYPTO: BTC) holdings seized from the infamous darknet website Silk Road, according to a Wednesday report. What Happened: The Justice Department was cleared to sell 69,370 Bitcoins, valued at approximately $6.5 billion, by a federal judge, DB News reported, citing officials.
The rapid advancements in quantum computing which sparked growing concerns within the cryptocurrency sector late last year, particularly regarding Bitcoin's long-term resilience seem to have once again resurfaced. CryptoQuant, an on-chain data analytics platform, recently highlighted these risks in a series of posts on X titled “Quantum Computing is a Growing Risk for Bitcoin”.
Anthony Pompliano shares a different perspective on Bitcoin. According to the CEO of Professional Capital Management, Bitcoin is creating a novel position in the investment sector.
Economic collapse is here, warns Rich Dad Poor Dad author Robert Kiyosaki, urging investors to seize assets like bitcoin as markets crash.
Mark Cuban's crypto confidence reflects a broader shift toward Bitcoin adoption.
XRP price is holding the ground above $2.25 despite pressure on Bitcoin. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance.
Oklahoma bill aims to integrate Bitcoin into everyday transactions. Oklahoma State Senator Dusty Deevers has filed the “Bitcoin (BTC) Freedom Act” (SB325), which might signal a key step toward incorporating cryptocurrencies into conventional financial systems in the state.
Crypto market today remains in bearish territory as Bitcoin dipped below the $95K mark. Major altcoins followed the downtrend, with several tokens trading in the red.
“If Washington D.C. can ruin something, it likely will.
Ethereum price failed to clear the $3,450 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,500.
Ripple's RLUSD & XRP-Spot ETFs: Monica Long outlines RLUSD growth, stablecoin use cases, and hopes for XRP-spot ETFs amid SEC developments.
Bitcoin price extended losses and traded below the $95,000 zone. BTC is correcting gains and might struggle to recover above the $96,500 level.
The sale of seized Bitcoin could impact cryptocurrency markets and set precedents for handling digital assets in legal contexts. The post DOJ cleared to sell $6.5B in Bitcoin seized from Silk Road appeared first on Crypto Briefing.
Donald Trump launched his first Bitcoin-based NFT collection, “Trump Bitcoin Digital Trading Cards,” using the Ordinals protocol, releasing 160 NFTs initially.
Institutions dumped huge amounts of Bitcoin in late December after its peak high, but they're now back to buying with it below $100,000, says Blocktrends' Cauê Oliveira.
Bitcoin (BTC) saw a dramatic decline today, with its price falling close to $96,000, triggering a broader pullback in the cryptocurrency market. The sharp drop sent Bitcoin below its key support levels, and other major cryptocurrencies, including Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE), followed suit with significant losses.
BB Token has expanded to Ethereum, enhancing cross-chain access and liquidity using LayerZero's Omnichain Fungible Token Standard, according to BounceBit.
A former executive of the world's largest cryptocurrency exchange expects that Bitcoin could soar higher than the $100,000 level. Former Binance CEO Changpeng Zhao believes that the firstborn cryptocurrency is capable of hitting a higher price point, following its brief recovery to $100,000 on Tuesday.
Donald Trump's latest NFT collection, called “Trump Bitcoin Digital Trading Cards,” has launched its first batch of 160 pieces on the Bitcoin network using the Ordinals protocol.
Public companies increasingly adopt Bitcoin as a treasury asset, with institutional investors gaining regulated access through spot ETFs, marking a shift from retail to corporate ownership.
Canaan, a bitcoin application-specific integrated circuit (ASIC) mining rig manufacturer, unveiled the Avalon Mini 3 and Avalon Nano 3S, bitcoin mining devices that also function as home heaters, at CES 2025 in Las Vegas.
The altcoin market cap has been in a strong uptrend. The positive performance of Cardano and the others is likely to continue in the coming weeks.
Ethereum's price has recently experienced a significant downturn, slipping by more than 9% and currently trading below the $3,350 mark. Despite maintaining a bullish trend above a critical support zone, the price action is showing signs of weakness.
The Kobeissi Letter reported that Open Interest in Bitcoin futures contracts on the CME hit a record of 51,000. According to the market analyst, CME's surge in open interest in Bitcoin futures coincided with the launch of spot Bitcoin ETFs last year.
Oklahoma State Senator Dusty Deever has introduced the Bitcoin Freedom Act (SB325). This bill seeks to allow citizens to escape the existing financial systems as prices continue to soar.
After an intense selloff earlier this week, Bitcoin (BTC) whales are likely fueling a rebound in the broader crypto market. Now in consolidation, the market might face a potential breakout if ongoing acquisition from BTC whales translates into a short-term price rally.
After retracing below the psychological $100,000 threshold, Bitcoin has investors wondering if this is a short-term decline or a more substantial change on the market. As of right now, Bitcoin is trading at about $95,933, down 1.04% from the previous day.
Investors' optimism and confidence in Bitcoin are rising rapidly after the flagship asset's latest price surge to previous resistance. This growing sentiment of investors is particularly seen among Bitcoin long-term holders, solidifying its position as the leading digital asset for long-term investments.
The act could position Oklahoma as a leader in digital currency adoption, potentially boosting economic innovation and resilience against inflation. The post Oklahoma Senator introduces Bitcoin Freedom Act enabling businesses to accept Bitcoin payments appeared first on Crypto Briefing.
Bitcoin prices have declined in the last few days, falling to nearly $92,500 after robust U.S. economic data impacted Fed rate cut expectations.
Ethereum's Pectra ‘hard fork' is expected to introduce key updates to improve Ethereum user and developer experiences. The update, which will be rolled out in two phases, is scheduled for release during the first quarter of 2025.
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.
Bitcoin and the wider crypto market may be entering a new era of widespread adoption, but investors are far from being “too late,” according to Fidelity Digital Assets' 2025 Look Ahead report.
Bitcoin and other major cryptocurrencies showed little movement on Wednesday following the release of the Federal Reserves December meeting minutes. The minutes hinted at persistent inflation concerns under the incoming administration of President-elect Donald Trump, signaling potential challenges for the economic landscape in 2025.
Bitcoin drops to $94,835 as U.S. economic data sparks bearish sentiment. Key levels to watch: support at $92,500, resistance at $96,080. The post Why Did Bitcoin Suddenly Crash? Key Factors Behind the BTC Plunge appeared first on Cryptonews.
Exodus CEO JP Richardson and the leadership team led the opening bell-ringing ceremony at the New York Stock Exchange (NYSE) today, January 8, 2025. The bell ringing signifies a significant milestone for the bridge developing between traditional financial systems and cryptocurrency firms.
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.
Bitcoin and ether ETFs could be followed by an XRP ETF with a crypto-friendly Trump administration on the horizon. XRP ETF Could Be the Next Biggest Thing for Crypto in the U.S. Ripple President Monica Long stated in a Bloomberg interview on Tuesday that an XRP exchange-traded fund (ETF) may soon materialize as advantageous U.S.