As the cryptocurrency community anticipates the next move by the incoming Donald Trump administration regarding the potential to roll out of a Bitcoin (BTC) reserve, an economist has cautioned that such a move could negatively affect the economy.
Analysts have shared predictions since November 2024, with some suggesting that Bitcoin would surpass $150k in 2025 and others expecting a market price above $200,000. The predictions came after Bitcoin crossed several new all-time highs in the last quarter of the past year.
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A weakening Bitcoin-equity correlation offers hope for crypto investors as new data hints at a new peak this year.
After weeks of quiet, Bitcoin has once again smashed the $100,000 mark. With $1.
Bitcoin lost its bullish track as its price dropped to $97K level. Bitcoin dropped to a low of $97,207, with the 4% decline pulling the global crypto market cap down 4.5% to $3.44 trillion.
Bitcoin price is down by more than four percent in the last 24 hours and is trading below the $98k mark at the time of writing. Analyst Crypto Capo recently said that the market might see a 5 to 15 percent drop soon and said that that could be a great ‘buy the dip' opportunity.
Aleš Michl, governor of the Czech National Bank, mentioned adding Bitcoin to the bank's reserves but stressed that the idea remained in its infancy.
Peter Brandt, a 77-year-old trading veteran who back in January of 2017 predicted bitcoin's 84% decline in 2018, has recently revealed that XRP is forming a bullish pattern that if completed could helped the cryptocurrency's market cap hit $500 billion.
TL;DR Bitcoin's price dropped by nearly $5,000 in minutes, losing its $100,000 level, and is currently trading just above $98,000, with a loss of around 4.3%. The drop affected many altcoins, with Ethereum, Solana, XRP, and Chainlink experiencing significant losses, some up to 10%.
Cryptocurrency prices retreated sharply on Tuesday, erasing some of the gains made on Monday as concerns about the bond market intensified. Bitcoin (BTC) dropped by 4%, reaching an intraday low of $97,700.
The cryptocurrency market saw a sharp surge in liquidations after Bitcoin's price unexpectedly fell below $100,000 on Jan. 7 during early U.S. trading hours.
Here's why Bitcoin could face a bumpy ride in Q1 despite reclaiming $100K.
Political shifts in Canada could soon pave the way for a Bitcoin-friendly government, particularly if the country's Prime Minister, Justin Trudeau, steps down. According to recent reports, Trudeau is contemplating his exit, which could potentially lead to a leadership change.
Former BitMEX CEO Arthur Hayes has predicted a potential Bitcoin (CRYPTO: BTC) price peak in late March 2025, driven by a surge in dollar liquidity. Liquidity Flowing Into The System Is Bullish In his latest blog post from Jan. 7, Hayes argues that a complex interplay of U.S. Federal Reserve policy and Treasury actions will create a favorable environment for crypto gains in the first quarter before facing a possible correction.
Stronger-than-expected job openings and ISM Services PMI rolled back investor expectations for further rate cuts for this year.
Nasdaq ISE proposes raising IBIT options limits to 250,000 contracts. The increase reflects IBIT's $46.8 billion market cap and 39.4M daily trading volume.
Recently, the New York Stock Exchange listed KULR Technology Group which stockpiled millions worth of Bitcoin during the correction has predicted that Bitcoin may reach a $200,000 peak during the 2025 market cycle. Just recently, KULR Technology Group bought over $21 million worth of Bitcoin at the average price of $97,391 on Jan. 6.
Arthur Hayes predicts a Q1 Bitcoin top fueled by $612 billion in liquidity from Treasury and Fed actions, with a peak expected by March. The post Arthur Hayes predicts Q1 Bitcoin top amid Treasury and Fed liquidity shifts appeared first on Crypto Briefing.
Bitcoin analysis blames "spoofing" for a snap BTC price correction of more than $4,000 in hours.
Crypto prices are plummeting early Tuesday amid rough economic data, with Bitcoin falling under $98,000 after topping $100K on Monday.
The cryptocurrency market is enduring a significant sell-off that saw the price of the flagship cryptocurrency bitcoin (BTC) plunge more than 4% from nearly $103,000 to now stand at around $97,900.
After cresting at an impressive $102,760 per coin, the preeminent cryptocurrency, bitcoin (BTC), has precipitously fallen beneath the $100,000 threshold, reaching a nadir of $97,124 per unit. Bitcoin Below $100K, Liquidations Liquidate Hopes Tuesday proved to be a tumultuous day within the realm of digital currencies, with the aggregate market capitalization plummeting by 4.
Bitcoin bulls lost bullish momentum in the crypto market again as BTC price fell below $97.5K, from an intraday high of $102,712. Traders anticipate an overall bullish outlook at the start of 2025 as the crypto-friendly Donald Trump administration takes control on January 20.
@lookonchain analytics account on the social media network X has published data regarding daily inflows registered by spot Bitcoin and Ethereum ETFs on January 7.
In a recent tweet, Michael Saylor, the executive chairman and co-founder of MicroStrategy, highlighted the company's record-breaking Bitcoin achievement in the past year: the acquisition of 258,320 BTC.
Bitcoin miners in the US raised $3.7B to address rising energy costs and operational challenges. With record-high hash rates, growing AI energy competition, and global expansion efforts, companies are diversifying to remain competitive. The post Bitcoin Miners Raise Billions to Tackle Rising Energy Costs: Report appeared first on Cryptonews.
Over 120,000 traders have been wrecked in the past day.
MicroStrategy's co-founder has revealed how much Bitcoin the software company bought in 2024. Saylor also mentioned how much BTC yield they achieved as a result of the flagship crypto's performance last year.
TL;DR Ki Young Ju, CEO of CryptoQuant, predicts that Bitcoin's current bull cycle could be the longest in its history, driven by new liquidity sources. Influencer Lark Davis and other analysts share an optimistic view but also warn of the risks of falling into the supercycle trap.
In 2024, MicroStrategy Bitcoin investment surpasses $22.07 billion, bringing its total holdings to 447,470 BTC.
Corporate treasury Bitcoin holdings have doubled in the last 12 months, according to data shared by Bitwise executive Bradley Duke. Duke, the co-founder of ETC Group and Head of Europe for Bitwise, noted that this is just the beginning of Bitcoin adoption.
Most of the coins are in the green zone again, according to CoinMarketCap.
Based on early 2025 market trends, the best meme coins could drive impressive returns. Bitcoin has surged 10% in the past week, breaching $100K again and reversing early December losses, with a new key short-term target of $109K in sight for traders.
There are growing signs that ether is poised to lead its more well-established rival in the new year.
Bitcoin (CRYPTO: BTC) faces significant headwinds to consistently break above $100,000, as technical indicators show the crypto king has several hurdles to overcome in the short term. What Happened: Bitcoin is back below $99,000, falling 2.5% over the past 24 hours and trading around $98,650 at the time of writing.
CryptoQuant data indicates that the behavior of U.S.-based bitcoin investors has shifted towards buying pressure taking a dominant role.
Cardano price has risen by 31 percent in the last week and Bitcoin's return to six figures amid talk of spot ETF approval has added propulsion
Bitcoin fluctuated between $92,000 and $100,000 through late December before reclaiming $102,000 by Jan. 6. CryptoQuant data suggests that reduced sell-side liquidity, changes in over-the-counter (OTC) desk balances, and a renewed whale accumulation pattern might be factors shaping these fluctuations.
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BIT Mining says that its Ethiopia operations create a positive feedback loop with its business in Ohio.
The Czech central bank's consideration of Bitcoin highlights a growing trend among nations to explore cryptocurrency for economic resilience. The post Czech central bank mulls Bitcoin to diversify foreign exchange reserves appeared first on Crypto Briefing.
Czech National Bank governor has discussed considering bitcoin as part of the bank's reserve diversification strategy.
Crypto analyst Tony Severino has revealed that the Bitcoin Percentage Price Oscillator (PPO) has turned red after reaching $102,000. He further explained what this development means for the flagship crypto in relation to the ongoing bull market.
Van Jones admits that Democrats should have paid attention to the crypto voter in the last election cycle and wants his party to do so moving forward. But just offering the voting bloc lip service won't be enough to win them over.
Bitcoin's price has finally reached the coveted $100K mark, reigniting excitement across the crypto world. After 11 days of sideways movement, this surge has brought optimism to the market.
The Bitcoin market continues to see a lot of interest, but in the early hours of Tuesday, the market dropped a bit. At this point though, there is a significant amount of support in the $100,000 area, so it will be worth watching.
Bitcoin's exponential growth in 2024 brought all the attention to this digital asset. Interestingly, BTC's achievement led Tim Draper to compare it to the popular streaming site Netflix, a pioneer in the multi-media industry.