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news-imageDecember 20, 2024

Is Bitcoin Dominance About To Give Way To Altseason? Analysts React

Bitcoin (BTC) tumbled from a high of $108,135 on December 17 to $99,500, following US Federal Reserve (Fed) Chair Jerome Powell's hawkish remarks yesterday. However, some crypto analysts are pinning their hopes on a potential decline in Bitcoin Dominance (BTC.D) that may pave the way for an altseason.
Publisher: Bitcoinist
Sentiment: Neutral
BTC

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Positive
cover-imageCrypto Economy
December 20, 2024

Bedrock Launches brBTC, Bringing New DeFi Opportunities to Bitcoin

TL;DR Bedrock launches brBTC, a liquid restaking token marking the beginning of BTCFi 2.0, focused on maximizing returns and overcoming Bitcoin's DeFi limitations. BTCFi 2.0 introduces greater cohesion, Layer-2 security, and diversified strategies, integrating Bitcoin into real-world economic applications globally.

Positive
cover-imageBenzinga
December 20, 2024

Bitcoin, Ethereum, XRP, Dogecoin Whipsaw, But These 4 Key Factors Make It A 'Hiccup,' Not A Downturn

Bitcoin's (CRYPTO: BTC) sell-off on Friday saw prices dip below $93,000, but Bitwise CIO Matt Hougan argues that the current pullback is a “hiccup” rather than a trend reversal. Hougan sees strong underlying factors including regulatory tailwinds, institutional adoption and Bitcoin purchases by governments as structurally bullish factors for Bitcoin.

Negative
cover-imageCointribune
December 20, 2024

Bitcoin ETFs Record Outflow Of $671.9 Million

The crypto market has been marked by a historic event: Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $671.9 million in a single day. This event represents the largest fund outflow ever recorded for these financial instruments, highlighting a complex and changing dynamic in the cryptocurrency investment landscape.

Negative
cover-imageNewsBTC
December 20, 2024

Bitcoin Under Siege: Bearish Pressure Keeps Price Below $99,575

Bitcoin is under intense bearish pressure as it struggles to reclaim the $99,575 mark, a key resistance level that has proven to be a significant hurdle. After an impressive rally earlier in the month, BTC's momentum has slowed, with sellers taking control and keeping the cryptocurrency in a tight range below this critical threshold.

Positive
cover-imageUToday
December 20, 2024

Bitcoin Comeback? Ex-Binance CEO CZ Teases New All-Time High

Looking at the current situation on the cryptocurrency market, one can wonder how everything was "blooming and smelling" three days ago. Back then, Bitcoin (BTC) was trading above $108,000, Ethereum was valued at an arm's length away from $4,000 and Solana failed to collapse 34% from its all-time high.

Neutral
cover-imageUToday
December 20, 2024

Mystery 666 BTC Transfer Leads to Half Billion Bitcoin Puzzle

While the crypto market continues to wipe out deposits on a large scale and liquidate overly greedy and late traders, large-scale cryptocurrency transfers involving unknown wallets continue to take place in the background. One such attention-grabbing transfer was the transfer of 666 BTC, which at current prices is equivalent to $62.17 million.

Negative
cover-imageCoinPedia
December 20, 2024

Why is Bitcoin Crashing? How Low Could the Price Go?

Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, is garnering significant attention from the crypto community following a continuous price decline. However, there are several speculations regarding this price drop. Some believe it might be linked to the defunct crypto exchange Mt. Gox, while others attribute it to Fed Chair Jerome Powell's anti-crypto stance.

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