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news-imageDecember 19, 2024

Interest Rate Cut Impact: Bitcoin Price Reaction Unraveled With Future Projections

The Bitcoin price experienced a significant downturn on Wednesday, briefly falling below the $100,000 milestone as the US Federal Reserve's (Fed) cautious outlook on interest rate cuts dampened crypto investments. At one point in Wednesday's trading session, the market's leading crypto dropped to $98,760 before recovering to the six-figure mark.
Publisher: NewsBTC
Sentiment: Negative
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cover-imageBitcoin
December 19, 2024

Hut 8 Joins $1 Billion Bitcoin Reserve Club With $100 Million BTC Purchase

Hut 8's strategic bitcoin reserve of over 10,000 BTC has been achieved through low-cost production and strategic at-market purchase. 990 Bitcoin Purchase Pushes Hut 8's Holdings Past $1 Billion Net Worth Hut 8, one of North America's largest bitcoin miners has announced the purchase of 990 BTC at an average cost of $101,710 per bitcoin.

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cover-imageCrypto Economy
December 19, 2024

Michael Saylor's Next Big Move: ‘Intelligent Leverage' to Boost Bitcoin Holdings

TL;DR Michael Saylor's “intelligent leverage” strategy aims to enhance MicroStrategy's Bitcoin holdings by optimizing the company's capital structure and leveraging assets to acquire more Bitcoin. MicroStrategy's aggressive approach has significantly boosted its stock price by nearly 500% this year, outpacing Bitcoin's 150% gains, and has positioned the company for inclusion in the Nasdaq 100 Index.

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cover-imageThe Currency Analytics
December 19, 2024

Bitcoin's Surge Creates 14,211 New Millionaires and 4 New Billionaires

Bitcoin (BTC) has once again demonstrated its wealth-generating potential, with the latest surge pushing its value above the $100,000 mark and creating 14,211 new millionaires and four new billionaires. A recent study by NFT Evening has shed light on just how dramatically Bitcoin has outperformed traditional investments, such as stocks, and has reshaped the financial landscape.

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cover-imageCryptoSlate
December 19, 2024

Bitwise CIO downplays price ‘hiccup' amid Bitcoin bull trend after FOMC shakes markets

Bitcoin's price experienced a sharp pullback following the US Federal Reserve's recent rate cut, but market experts like Bitwise CIO Matt Hougan remain optimistic about the asset's long-term trajectory. On Dec. 18, the Federal Reserve announced a 25-basis-point rate cut, scaling back its outlook for 2024 to two cuts instead of the previously expected four.

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cover-imageBenzinga
December 19, 2024

Bitcoin Reserve Could Call US Solvency Into Question Critic Says, VanEck Exec Fires Back: 'This Is Loserthink'

Nic Carter, Founding Partner at Castle Island Ventures, has expressed skepticism about the U.S. establishing a strategic Bitcoin reserve under the incoming Trump administration, citing risks to the dollar's global standing. What Happened: His view has sparked a sharp critique from Matthew Sigel, Head of Digital Assets Research at VanEck, who labeled Carter's perspective as “Loserthink” in a pointed social media response.

Positive
cover-imageBenzinga
December 19, 2024

Bitcoin ETFs Rise In Pre Market Despite Jerome Powell Says Fed Cannot Hold BTC: What's Going On?

Bitcoin ETFs have shown an increase in premarket, even as Federal Reserve Chair Jerome Powell made it clear that the central bank has no plans to accumulate Bitcoin (CRYPTO: BTC). What Happened: As per Benzinga Pro on Thursday, the Bitwise Bitcoin ETF (NYSE:BITB) saw a rise of 1.08%, ARK 21Shares Bitcoin ETF (BATS:ARKB) increased by 1.41%, Grayscale Bitcoin Trust (BTC) (NYSE:GBTC) climbed 1.32%, Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) advanced 1.04%, and iShares Bitcoin Trust ETF (NASDAQ:IBIT) gained 1.26%.

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cover-imageThe Daily Hodl
December 19, 2024

Bitcoin on Cusp of Rallying Higher as One Indicator Turns Bullish, Says Kevin Svenson – But There's a Catch

Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship crypto asset continues to hover above the $100,000 price. Svenson tells his 81,000 YouTube subscribers that based on the Moving Average Convergence/Divergence (MACD) indicator on the daily time frame, Bitcoin could surge higher over the short term.

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