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news-imageDecember 23, 2024

Huge Bitcoin Reverse Explained by Bloomberg's Mike McGlone: Details

Bloomberg's chief commodity strategist Mike McGlone has taken to his account on the X social media network to reveal to the crypto community why the Bitcoin price has reversed and gone down way below not only its recent $108,268 all-time high but dropped even lower and is trading below $94,000 at the moment.
Publisher: UToday
Sentiment: Negative
BTC

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Positive
cover-imageBitcoin
December 23, 2024

I am Proud to Stand With Bitcoin: Senator Ted Cruz

Senator Ted Cruz, a staunch champion for crypto reaffirmed his support for bitcoin while speaking at the Turning Point Americafest Conference. In his words, “We are going to unleash crypto. I am proud to stand with bitcoin. I am the only member of the U.S. Senate who is a bitcoin miner.

Negative
cover-imageBenzinga
December 23, 2024

Bitcoin, Ethereum, XRP, Dogecoin Slide On Quiet Monday, Trader Predicts 'Choppy' Price Action Until 2025

Cryptocurrency markets are trading lower on a low-volume Monday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $92,996.64 -3.2% Ethereum (CRYPTO: ETH) $3,313.40 -0.3% Solana (CRYPTO: SOL) $184.82 +0.9% XRP (CRYPTO: XRP) $2.16 -4% Dogecoin (CRYPTO: DOGE) $0.3108 -2.5% Shiba Inu (CRYPTO: SHIB) $0.00002168 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 20.6% and daily active addresses falling by 0.02%.

Neutral
cover-imageBenzinga
December 23, 2024

Bitcoin Price Decisively Back Below $100,000: What Is Going On?

Bitcoin's (CRYPTO: BTC) volatile trading around the $100,000 mark has left investors puzzled about its prospects for the next weeks. What Happened: Jim Bianco of Bianco Research highlighted this phenomenon in a post on X on Sunday by quoting an old Wall Street adage: "Markets will do what confuses the most people.

Neutral
cover-imageBenzinga
December 23, 2024

$84,000 Is Bitcoin's Worst Case, Options Trading Firm CEO Says

Deribit CEO Luuk Strijers has pointed to $84,000 as the “max pain” level for Bitcoin ahead of a significant December options expiry, suggesting the market could be pulled down to this level before finding new equilibrium. Strijers' analysis highlights the unique dynamics of the upcoming quarterly expiry, which accounts for 44% of all outstanding Bitcoin options, making it the largest options expiry this year.

Positive
cover-imageThe Currency Analytics
December 23, 2024

UAE Rumored to Hold $40B in Bitcoin Amid Accumulation Buzz

The cryptocurrency community has been buzzing with speculation that the United Arab Emirates (UAE) is quietly amassing a significant amount of Bitcoin. Reports have surfaced claiming that the UAE holds over $40 billion worth of the world's leading cryptocurrency.

Negative
cover-imageBitcoin
December 23, 2024

$3,000 Gone Overnight: Bitcoin's Slide Sparks Global Crypto Shakeup

Bitcoin's value slid early Monday, dipping beneath the $94,000 mark. In the past 24 hours, a combined $271.22 million in crypto positions—both short and long—have been cleared out. Bitcoin Slides Into the Red—South Korea's Premium Returns The leading digital asset, bitcoin (BTC), has dropped 2.1% against the U.S. dollar as of Dec.

Positive
cover-imageBenzinga
December 23, 2024

Ethereum, Solana Outfox Bitcoin, XRP In Industry Expert's 205 Crypto Predictions

Mike Ippolito of Blockworks sees a resurging Ethereum (CRYPTO: ETH), an evolution for Solana's (CRYPTO: SOL) and the expanding role of stablecoins and AI as key trends in crypto in 2025. What Happened: In a thread on X on Sunday, Ippolito said he believes the U.S. will dominate the global crypto scene, with domestic conferences surpassing Asian counterparts in size and influence.

Positive
cover-imageBenzinga
December 23, 2024

Ethereum, Solana Outfox Bitcoin, XRP In Industry Expert's 2025 Crypto Predictions

Mike Ippolito of Blockworks sees a resurging Ethereum (CRYPTO: ETH), an evolution for Solana's (CRYPTO: SOL) and the expanding role of stablecoins and AI as key trends in crypto in 2025. What Happened: In a thread on X on Sunday, Ippolito said he believes the U.S. will dominate the global crypto scene, with domestic conferences surpassing Asian counterparts in size and influence.

Positive
cover-imageBenzinga
December 23, 2024

MicroStrategy Adds 5,262 Bitcoin To Bring Holdings To Over 444,000 BTC

MicroStrategy Inc. (NASDAQ:MSTR) has further increased its holdings by purchasing 5,262 Bitcoin (CRYPTO: BTC) at an average price of $106,662, totaling approximately $561 million. What Happened: This acquisition brings MicroStrategy's total Bitcoin holdings to 444,262 BTC, with an average cost of $62,257 and a total cost of approximately $27.7 billion as of Dec. 22, 2024.

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