A key contrary indicator is flashing green offering hope to BTC bulls anticipating a renewed upswing into six figures.
Bitcoin achieved a historic milestone on December 18, 2024, surpassing its previous all-time high and reaching a peak of $108,364. The price surge marked a momentous event for the cryptocurrency, creating optimism in the market as investors anticipated the possibility of further gains.
In a notable development for Donald Trump's crypto initiative, World Liberty Financial (WL), has reportedly exchanged approximately $10 million worth of wrapped Bitcoin (WBTC) for tokens associated with project adviser Justin Sun, founder of the TRON blockchain. World Liberty Financial Links With Justin Sun In Major Token Swap According to blockchain data analytics firm Nansen, a digital wallet linked to President-elect's World Liberty Financial swapped its entire holding of 103 cbBTC tokens for WBTC on a Wednesday operation.
El Salvador made full use of the market drop Thursday by buying as many as 11 Bitcoins (CRYPTO: BTC), worth over a million dollars, for its reserve. What happened: According to the National Bitcoin Office, an agency tasked by President Nayib Bukele to oversee all things related to the leading cryptocurrency, the Central American nation upped its daily purchase tally to 11, 10 more than the one Bitcoin per day policy.
Metaplanet, a Japanese Tokyo-listed company, is taking a major step to increase its Bitcoin reserves by issuing 5 billion yen (about $33.3 million) in ordinary bonds. These bonds paid on December 20th will mature on June 16, 2025, giving the company ample time to carry out its Bitcoin purchasing plan.
Blockstream CEO and Hashcash inventor Adam Back has come to the defense of BlackRock after the company's recent Bitcoin ad triggered an outrage across the crypto community. It featured a small but explosive disclaimer: “There is no guarantee that Bitcoin's 21 million supply cap will not be changed.
Metaplanet, a Tokyo Stock Exchange-listed company, has issued ¥5 billion ($31.8 million) in zero-interest bonds to fund its Bitcoin acquisition strategy.
El Salvador pledged to expand Bitcoin purchases despite an IMF deal urging reduced crypto exposure. The post El Salvador Plans to Continue Bitcoin Purchases Despite IMF Concerns appeared first on Cryptonews.
The program is set to be presented to the IMF Board for approval by early February, provided the prior actions are fulfilled as agreed.
Cryptocurrency prices have taken a significant hit, with Bitcoin, Ethereum, XRP, Dogecoin and Solana all suffering major losses.
Craig Wright, the Australian computer scientist who falsely claimed to be Bitcoin's creator, Satoshi Nakamoto, has been sentenced to 12 months in jail, suspended for two years.
BlackRock's advert has since received a backlash from crypto holders due to a disclaimer that questions cryptocurrency's fixed supply.
Hyperliquid, a decentralized layer-1 blockchain specializing in trading, is set to list Solv Protocol's native token, SOLV.
MARA and Hut 8, two major publicly traded Bitcoin mining firms, announced significant Bitcoin acquisitions on Dec. 19, 2024.
BlackRock Bitcoin ad included a controversial disclaimer suggesting that the 21 million BTC supply cap might be changed.
XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance.
Crypto prices today are showing bearish momentum as Bitcoin (BTC) fell below $96,000. BTC and ETH ETFs have also seen outflows after a long positive streak.
Major North American Bitcoin (BTC) mining company Hut 8 has further expanded its BTC holdings with a $100 million acquisition. This latest purchase has pushed the company's total reserves to over 10,096 BTC, valued at more than $1 billion at current market prices.
Bitcoin [BTC] remains bullish and could surpass $200,000 in the near future as the coin is mirroring a previous pattern on charts.
Securities exchange NYSE Arca has also expressed interest in listing a Grayscale crypto index ETF holding a diverse basket of spot crypto but has yet to receive approval.
El Salvador continues to accumulate Bitcoin, with 6,203 Bitcoins currently valued at $554 million.
El Salvador adapts Bitcoin policy under a $1.4B IMF deal, limiting government crypto use but maintaining 6,000 BTC reserves. Explore its impact on Bitcoin prices. The post Bitcoin Price Drops Below $100K: El Salvador's $1.4B IMF Deal and 6,000 BTC Reserves appeared first on Cryptonews.
The SEC just made history in the crypto world by approving two first-of-their-kind ETFs: the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These aren't your typical crypto investments.
SEC faces pressure to clarify Hinman speech's status amid Ripple appeal. Learn how this impacts crypto regulations and XRP sentiment.
Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and might continue to move down toward the $92,000 support zone.
The Human Rights Foundation (HRF) has, in a recent press release, announced that it will be granting a grant total of 7 BTC to 20 different projects around the world. The funding is part of the orgainzation's most recent round of Bitcoin Development Fund grants.
Craig Wright received a one-year suspended prison sentence for breaching a court order after filing a $1.2 trillion lawsuit against Block.
The United States Securities and Exchange Commission (SEC) has approved dual cryptocurrency ETFs from Franklin Templeton and Hashdex. This marks a major step toward integrating Bitcoin and Ethereum into traditional financial markets through regulated investment products.
Jerome Powell, chair of the US Federal Reserve, recently dismissed speculations that the Fed may add Bitcoin to its reserves. At the end of the its two-day meeting, Powell stated that the Fed isn't allowed to own Bitcoin and doesn't desire to get involved in any government initiative to create a stockpile of digital assets.
Bitcoin's recent climb to an all-time high of $108,000 has captivated investors, driven by a combination of dwindling exchange reserves and growing demand. With institutional investors increasingly opting to hold their Bitcoin off exchanges, supply constraints are tightening, setting the stage for potentially even greater price milestones.
The SEC has approved combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. This move expands combined institutional access to the two largest cryptocurrencies via spot-based investment vehicles.
Bitcoin's path to $200,000 in 2025 is fueled by ETFs, institutional demand, and macroeconomic shifts, with analysts warning of volatility amid transformative growth.
Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market fundamentals. Following the Federal Open Market Committee (FOMC) meeting and a speech by Federal Reserve Chair Jerome Powell, Bitcoin's price dropped sharply below $99,000.
El Salvador has successfully secured a $1.4 billion loan from the International Monetary Fund (IMF), finalizing a deal that had been under negotiation for four years. This loan agreement is part of a 40-month program designed to stabilize the country's economy and improve its fiscal health.
Bitcoin has always stood out in the financial world due to its hard-capped supply of 21 million coins. This finite limit is seen as the cornerstone of its value, offering a sharp contrast to traditional currencies that can be printed at will.
Bitcoin's recent price correction has sparked debates among analysts and investors about its potential trajectory. After briefly retesting $99,000, Bitcoin's price momentum has slowed, raising questions about whether this signals the start of a larger sell-off or a temporary pause in its uptrend.
El Salvador has sealed a $1.4 billion loan deal with the IMF, but it came at a cost. The country is now scaling back its Bitcoin-friendly policies, marking a major shift in its crypto strategy.
Despite new IMF loan restrictions, El Salvador reaffirms its commitment to Bitcoin, announcing plans to accelerate acquisitions while maintaining educational and development initiatives.
Bitcoin has observed a plunge during the past day. Here's the nearest on-chain level that the asset would end up retesting if the drawdown elongates.
SEC approves Hashdex and Franklin Templeton dual Bitcoin ETF, expanding institutional access amid market volatility. The post SEC approves Hashdex and Franklin Templeton dual Bitcoin-Ethereum ETFs appeared first on Crypto Briefing.
The world's largest asset manager BlackRock released a video promoting Bitcoin. But hodlers aren't happy about a disclaimer that questions the cryptocurrency's fixed supply.
MARA Holdings has strengthened its position as a Bitcoin holder by acquiring 15,574 Bitcoin at an average price of $98,529 per coin.
Bitcoin's surge past the $100,000 mark has brought excitement and scrutiny to the cryptocurrency market. Recent on-chain data highlights a divide among investors: some are cashing out, while others are holding firm, anticipating even greater gains.
A man who claims to be the creator of Bitcoin (BTC) has been declared in contempt of court in the UK. Australian computer scientist Craig Wright has been handed a one-year sentence, suspended for two years, for filing a $1.2 trillion lawsuit against the payments firm Block.
Lombard Finance aims to produce a yield-bearing bitcoin token, and potentially unleash a new wave of liquidity into the DeFi ecosystem.
El Salvador plans to continue and potentially accelerate its purchases of Bitcoin (BTC) despite its recent deal with the International Monetary Fund (IMF), according to Stacy Herbert, the director of the country's Bitcoin Office.
The Bitcoin Reserve Act could break the Halving cycle. Is this four year cycle going to play out differently, will we enter the mythical Supercycle?