Bitcoin is down and has failed to find crucial support over the last three days. Crashing under $100,000, BTC price is heading for a potential drop to $90K. But is it the best buying opportunity for a bullish year ahead?
Australian computer scientist Craig Wright, who has falsely claimed to be bitcoin's pseudonymous creator Satoshi Nakamoto, has been sentenced to one year in prison, suspended for two years, by the UK High Court. The sentence followed his breach of an anti-suit injunction that prohibited him from pursuing legal actions against bitcoin developers.
As 2025 approaches, Bitcoin (CRYPTO: BTC) finds itself navigating a shifting macroeconomic landscape, with fading tailwinds raising concerns about sustained momentum, according to a report. What Happened: The Federal Reserve's hawkish stance, coupled with broader macroeconomic headwinds, suggests a year of heightened caution for traders and investors, 10x Research report on Friday stated.
TL;DR The crypto market has experienced a severe downturn, with Bitcoin falling below $95,000, triggering widespread liquidations and significant losses across the market. Major altcoins like Ethereum, Solana, and Dogecoin have also suffered massive losses, with the broader market seeing over $1.75 billion in liquidations.
The recent price action in the cryptocurrency market – both the November and the early December rally and the latest downturn – caused some anxiety among investors about whether it is too late to enter a Bitcoin (BTC) position.
There has been a major change in the cryptocurrency world as Bitcoin ETFs have had their biggest net outflow since they were created, with a total of $671.9 million. This sudden move breaks the pattern of steady inflows and adds a significant detail to the story of how institutions are engaging with digital assets.
Metaplanet Inc. has declared that it issued its 5th Series of Ordinary Bonds via private placement with EVO FUND for ¥5 billion to buy more Bitcoin.
Bitcoin developer Adam Back clarified that this legal fine print in the video reflects BlackRock's lack of control over Bitcoin's decentralized protocol.
El Salvador secures a $1.4 billion IMF deal while maintaining Bitcoin as legal tender but making its acceptance voluntary for private businesses and planning to accelerate its cryptocurrency purchases.
Hut 8 Corp. bought 990 Bitcoin for $100 million, making its total Bitcoin holdings worth over $1 billion. Even though it's facing a lawsuit from J Capital Research, which claims the company overstated its Bitcoin deals, Hut 8 believes its Bitcoin strategy will help the company grow and bring good returns to its investors.
Bitcoin reached a new all-time high (ATH) earlier this week, briefly surpassing $108,000. However, the crypto king has since faced a pullback, dropping below $96,000.
Formula 1 reports 1.5 billion TV audience, 750 million fans, and 96 million social media followers. The firm's user base has exceeded 100 million globally since its 2021 Formula 1 partnership.
Bitcoin [BTC], the world's largest cryptocurrency, is making headlines once again as analysts point to historical trends suggesting a possible climb to an astonishing $220,000. Following its recent stability above the $100,000 mark, many believe Bitcoin could be on the brink of another major bull run.
Bitcoin is at the biggest discount to its record high since the U.S. election.
The total amount of Bitcoin readily available for sale has reached its lowest level since October 2020, according to CryptoQuant. The post Bitcoin Market Experiencing Supply Shock: CryptoQuant appeared first on Cryptonews.
Thus far this week, the crypto market has tasted two extreme sides of price movement, with Bitcoin soaring to an all-time high (ATH) above $108,000 while dropping as low as $95,587.68. The week also saw a massive accumulation streak from top pro-Bitcoin firms.
Since Donald Trump's election victory on November 5, Bitcoin (BTC) has experienced a substantial rally, reaching record highs above $108,000. However, this momentum has recently faltered, with the cryptocurrency dropping below the critical $100,000 mark, This has prompted analysts to speculate on a potential deeper correction with some experts believing Bitcoin could dip to levels around $85,000 or even $75,000 before resuming its upward trajectory.
Robert Kiyosaki, entrepreneur, Bitcoin investor, and the author of the popular wealth management book “Rich Dad Poor Dad” has addressed the crypto community as Bitcoin collapsed first below the $100,000 level and by now it has gone under $95,000.
Bitcoin has sent the community in shock by nose diving 11.25% in the past 3 days. It lost almost $12,000 from its value and is currently trading at $94,715 and the crypto market faced a $1.10 billion liquidation. This is a great time for bears while long traders are paying hefty prices.
The Bitcoin ($BTC) price is continuing to decline at a rate of knots. Down a combined 8% for Wednesday and Thursday, the price is still falling on Friday, currently at around $95,000.
The US Bitcoin Exchange Traded Funds (ETFs) hit their largest net outflow of $671.9 million. Fidelity's FBTC led the charge with a record $208.5 million outflow, while BlackRock's IBIT stood steady with a $0 net flow.
Yesterday's Federal Reserve meeting resulted in a 25 basis point rate cut and a revised policy indicating fewer cuts than anticipated next year. The announcement triggered a significant market retrace, with Bitcoin leading the downturn.
Hut 8 Mining expands its Bitcoin holdings to over $1 billion with a $100 million acquisition, showcasing its strategic approach to Bitcoin as a reserve asset.
BTC has returned to suffer from an excess of strength of the US dollar, which, however, might be about to weaken.
Bitcoin (BTC) plunged below $100,000 following Federal Reserve Chair Jerome Powell's comments on reducing rate cuts in 2025, rattling investors and leading to a massive selloff across asset classes.
A widely followed cryptocurrency analyst and trader is saying that an altcoin in the Solana (SOL) ecosystem is at a critical juncture. The analyst pseudonymously known as Sherpa tells his 234,700 followers on the social media platform X that the memecoin Popcat (POPCAT) is at a “do-or-die” level.
BTC's price has tumbled by over $13,000 in a few days - is the bull market over?
Mining company Hut 8 has purchased 990 Bitcoin for $100 million, pushing its total holdings above $1 billion and placing it among the top 10 corporate Bitcoin holders globally.
El Salvador is accelerating its Bitcoin acquisition strategy, even as it scales back specific policies following an agreement with the International Monetary Fund (IMF). On Dec. 20, the country's National Bitcoin Office announced the purchase of 11 BTC for about $1 million.
El Salvador made headlines again with a $1 million Bitcoin purchase days after signing a $1.4 billion financing agreement with the International Monetary Fund. The deal includes new restrictions on the nations cryptocurrency transactions and policies.
On Friday, Chinese President Xi Jinping emphasized the need for Macau to prioritize economic diversification as its “first” objective during a three-day visit to the Chinese gambling hub. The trip marked the 25th anniversary of Macau's handover from Portugal, as the city aims to expand its role within China's mainland economic framework.
Kim Jong Un‘s North Korean hackers have reportedly stolen a staggering $1.3 billion in cryptocurrencies this year. This amount represents more than half of the total $2.2 billion stolen globally, according to research firm Chainalysis.
The exchange-traded funds lost a record $671.9 million as bitcoin extended post-Fed losses below $100,000.
Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain combining Bitcoin and Ethereum's features, has integrated with Babylon, a bitcoin (BTC) staking protocol, to achieve Bitcoin-Secured Network (BSN) status. Babylon Collaboration Expands BOB's Bitcoin Defi Ecosystem According to BOB's announcement shared with Bitcoin.
US Bitcoin ETFs recorded their largest-ever single-day outflow of $680 million on December 19, 2024, led by Fidelity's FBTC with $208.55 million in withdrawals, as investors responded to the Federal Reserve's hawkish outlook on future interest rate cuts.
The crypto market in the last 24 hours has seen 361,972 traders getting liquidated, losing over $1.17 billion. This comes after Bitcoin's price dropped 7%, hitting a low of $95,500 after achieving a historic high of $108,268, it lost about 12% of its value in just three days.
Bitcoin exchange-traded funds recorded their largest single-day outflows of $671.9 million on Dec. 19, contributing to Bitcoins price dip below $97,000. The sell-off triggered over $1 billion in market liquidations and highlighted the crypto markets growing volatility.
Bitcoin's price dropped to $97,000 following the Federal Reserve's surprisingly conservative outlook for future rate cuts, triggering a broader cryptocurrency market decline.
Billy Markus, one of the two founders of the original meme cryptocurrency Dogecoin launched in 2013, has published a post where he commented on the massive price fall faced by Bitcoin, Ethereum, and Dogecoin, along with the rest of the crypto market over the last 24 hours.
Bitcoin price has injected a bearish sentiment in the market with a return to five digits. However, there's good reason to expect a reversal.
Even as Bitcoin sinks below $100,000, the cryptocurrency market is buzzing with “buy the dip” sentiment analysis platform Santiment reveals.
Over $1.04 billion was liquidated in 24 hours, with long traders losing more than $869.88 million.
Bitcoin ETFs see record $671.9M outflows on Dec. 19, coinciding with Bitcoin's price dip and marketwide liquidations.
El Salvador has reached a preliminary arrangement with the International Monetary Fund (IMF) on a $1.4 billion loan.
The SEC has approved the launch of crypto index ETFs from Hashdex and Franklin Templeton, offering exposure to Bitcoin and Ethereum. They are set to launch in January.
The crypto market took a sudden hit as El Salvador struck a $1.4 billion deal with the IMF. The country agreed to bring some adjustments to its Bitcoin Policy, and this news shook the market. This created waves of bearish momentum causing all major cryptos to plummet while memecoins maintained their course.
The insatiability of crypto investors is one to reckon with. Recently, Bitcoin hit a historic price past $100K following Donald Trump's win in the POTUS race.
The crypto market has reached a significant milestone as the US Securities and Exchange Commission (SEC) approves two groundbreaking exchange-traded funds (ETFs). The Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF offer a unique proposition, blending spot Bitcoin and Ethereum investments into one streamlined package.