Bitcoin has surged past the $102,000 mark, signaling a strong bullish trend as anticipation builds ahead of President-elect Donald Trump's inauguration day. With his pro-crypto stance widely known, many analysts believe Trump's presidency could usher in a new era of growth for BTC and the broader cryptocurrency market.
Coinbase CEO endorsed the creation of a U.S. Strategic Bitcoin Reserve, calling for pro-crypto regulation and special economic zones.
As Bitcoin (BTC) surges past $100,000 once again, edging closer to a new all-time high (ATH), most crypto analysts predict the premier cryptocurrency will peak around $150,000 during this market cycle. However, some experts argue that such a target is “too low” for BTC, considering its growing adoption and evolving market dynamics.
Bitcoin (BTC) has once again captured global attention by crossing the monumental $100,000 mark, drives a wave of excitement across the cryptocurrency market. This achievement follows a dramatic rebound from $89,000 earlier this week, with Bitcoin surging over 13% in a matter of days.
Massachusetts is set to join a growing list of U.S. states embracing cryptocurrency as part of their financial strategy. Republican Senator Peter Durant of Worcester County has introduced legislation to create a “Commonwealth Bitcoin Strategic Reserve.
CPI boost fueled $500 million in stablecoin inflows on Binance, propelling Bitcoin past $100k.
The Dogecoin price is showing signs of a rally following a confirmed bullish pennant breakout. This interesting breakout was highlighted by crypto analyst World of Charts, with the prospect of a Dogecoin price surge past the $1 mark now in view.
Swiss state-owned bank Post Finance AG has expanded its digital-asset offering by introducing staking for ethereum (ETH), allowing holders to earn passive income. The bank plans to add staking for other tokens soon.
Bitcoin (BTC) has seen a steady price recovery following the recent release of the US Consumer Price Index (CPI) report. It is now trading above $103,000.
Bitcoin Spot ETFs experienced a significant surge in inflows, but recent market behavior raises questions about the sustainability of this momentum. The cryptocurrency's rally this week happened despite a lack of positive flows from Bitcoin Spot ETFs, suggesting that the market may be decoupling from the usual correlation between Bitcoin's price action and ETF movements.
Dogecoin could be on the verge of a breakout, driven by whales and growing activity.
Bitcoin is reportedly approaching a record high as the inauguration of President-elect Donald Trump nears. The cryptocurrency was priced at $104,538 Friday at 2:12 p.m.
As bitcoin's valuation experiences a notable upswing, miners are deriving substantial financial advantages from an elevated hashprice—the metric denoting daily revenue earned per petahash per second (PH/s) of computational power devoted to the Bitcoin network.
Many crypto investors are worried about Bitcoin's uncertainty as the cryptocurrency experienced fluctuations in its price wherein traders saw it being traded above $100,000 and then went down below $90,000.
Massachusetts and Wyoming have formally introduced bills today to establish a strategic Bitcoin reserve for the state. California's state representative has also started proceedings to draft a Bitcoin-focused bill.
Is a U.S. BTC reserve part of Donald Trump presidential inauguration agenda?
A portrait of President-elect Donald Trump, created by arranging block data, has been put onto the Bitcoin blockchain by American miner MARA.
Wyoming and Massachusetts propose strategic Bitcoin reserve bills, blending fiscal stability with innovation. The initiatives aim to utilize Bitcoin's potential for mitigating inflation risks while bolstering financial security, setting a precedent for other states exploring digital assets in public finance. The post Wyoming and Massachusetts Propose Strategic Bitcoin Reserve Legislation appeared first on Cryptonews.
The overall cryptocurrency market has shown strong bullish potential ahead of President-elect and pro-crypto advocate Donald Trump's inauguration, scheduled for January 20, 2025. However, one thing that has been capturing the massive attention of crypto enthusiasts is the recent activity of crypto giants over the past week.
Analysts say Dogecoin has a 60% chance of hitting $1 before Jan. 31.
With shifting market dynamics, Bitcoin has moved into positive territory as prices sights key resistance levels. However, due to the volatile nature of crypto assets, the flagship asset's recent uptrend might experience a brief drawback before resuming its upward direction.
A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election surge in early November. Heading into the week, markets were gripped by concerns over inflation and interest rates, pricing in just one rate cut by year-end while the 30-year Treasury yield hovered around 5%.
Brian Armstrong has reportedly discussed potential policy issues related to cryptocurrencies with US President-elect Donald Trump.
Some 15 U.S. States, including Massachusetts, reportedly worked on Bitcoin reserves laws days before Trump's Capitol Rotunda inauguration.
CoinCodex's Machine Learning (ML) algorithm has released its monthly Dogecoin price prediction for 2025. The Dogecoin forecast highlights notable price increases from January to December, signaling bullish growth in this year's Second Quarter (Q2).
As staking gains traction across crypto, TradFi is slowly embracing the new trend.
Coinbase CEO Brian Armstrong proposes a US Bitcoin reserve for strategic economic advantage amid growing policy discussions. The post Coinbase advocates for a US government strategic Bitcoin reserve appeared first on Crypto Briefing.
Bitcoin (BTC) regained the $105,000 price level after climbing 5.1% in the past 24 hours. As of press time, the flagship crypto was trading at $105,505, followed by a 10% increase registered by the memecoin sector.
State Bitcoin reserve momentum is still growing, while Coinbase backed the idea of a federal BTC stockpile for the first time publicly.
A widely followed crypto analyst says that Bitcoin (BTC) is on the brink of a move to the upside.
CNBC's Tanaya Macheel joins 'Closing Bell' to discuss crypto and bitcoin hitting a new 2025 high ahead on the inauguration.
Bhutan's government executed two substantial transactions: the first involving 255.26 BTC. This activity coincides with Bitcoin's price resurgence, recently surpassing the $104,000 mark.
A fresh report from Wintermute, a global leader in algorithmic market-making and high-frequency trading (HFT), reveals a staggering 313% growth in the company's over-the-counter (OTC) trading volumes, outpacing the broader 142% uptick in crypto exchange activity. Alongside these figures, the firm shared a series of forward-looking insights for 2025.
Cryptocurrency markets are surging on the last trading day before the presidential inauguration. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $105,607.81 +5.6% Ethereum (CRYPTO: ETH) $3,426.67 +2.8% Solana (CRYPTO: SOL) $216.86 +1.7% XRP (CRYPTO: XRP) $3.24 -4% Dogecoin (CRYPTO: DOGE) $0.4148 +7.6% Shiba Inu (CRYPTO: SHIB) $0.00002403 +7.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 6.4% and daily active addresses falling by 2.9%.
The crypto market came to life on Friday, the last trading day for Wall Street markets before the Trump presidency begins on Monday. Of course, crypto is traded 24/7, but volume and liquidity often fall over the weekend, so traders are building their final positions before the new administration takes over.
In a latest development, Coinbase, the United States' largest crypto exchange, is endorsing the creation of a US strategic Bitcoin reserve. Notably, the endorsement comes just before the second inauguration of Donald Trump and Armstrong's trip to the World Economic Forum.
ETH price fell by 11% over the past 30 days but bullish sentiment and other data point toward a rally to $4,000.
At the start of the year, many market analysts and observers shared their price expectations for Bitcoin, with many targeting $150k this cycle. However, a price target of $150k doesn't do justice to Bitcoin, says one trader, arguing that the world's flagship crypto asset is coming into this cycle with increasing institutional adoption.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Cosmo Jiang of Pantera discusses crypto's rise ahead of President-elect Trump's inauguration.
Here's what to expect ahead of a likely volatile weekend for Bitcoin's price!
Decentralized finance on Bitcoin (BTCFi) is experiencing unprecedented growth, with a total value locked (TVL) that has surged from 307 million to 6.5 billion dollars in 2024. This spectacular growth occurs against a backdrop marked by the successful launch of Bitcoin ETFs and the historic crossing of the $100,000 threshold.
American publicly listed trading platform Coinbase Exchange has endorsed the plans by incoming US President Donald Trump to establish a strategic Bitcoin reserve in the country. As reported by Axios, the exchange's co-founder and CEO Brian Amstrong has highlighted the economic opportunities this will have on the nation.
The price of Bitcoin (BTC) is surging above $104,000 for the first time in one month and has booked a 4.2% gain in the past 24 hours with less than three days to go before Donald Trump's inauguration speech.
Republican Senator Peter Durant of Worcester County, Massachusetts, has introduced legislation aimed at establishing a “Bitcoin strategic reserve.” This initiative marks a significant step for cryptocurrency in a traditionally Democratic stronghold, as it makes Massachusetts the first “deep blue state” to consider such legislation.
2024 was a challenging year for crypto and blockchain venture capital, as former hot sectors like gaming, metaverse and NFTs failed to spur bigger funding opportunities.
Ethereum developers have set March 2025 as the target for deploying the Pectra upgrade. The timeline was finalized during the Execution Layer Meeting on January 16.
Bitcoin (BTC) heeft het $100.000 niveau herpakt, aangedreven door de lekken over Trump's plannen voor een nationale Bitcoin-reserve. Dit nieuws heeft de crypto-markt nieuw bullish momentum gegeven, terwijl ook andere bekende crypto's grote prijsbewegingen vertonen.