Robert Kiyosaki, has issued a warning about an impending global market crash and potential economic depression while encouraging investors to buy more Bitcoin.
As we approach 2025, the big question is arising where will Bitcoin headed next year? Renowned crypto analyst Michaël van de Poppe believes that the next big rally for Bitcoin could send its price soaring to $250,000 in 2025.
The head of digital assets research at exchange-traded fund (ETF) provider VanEck says a strategic Bitcoin (BTC) reserve can help the US pay off its rapidly accelerating national debt in about 25 years.
The purchase did little to buoy sentiment for bitcoin, which recorded its first seven-day loss since early November.
Bitcoin (BTC) continued the 2024 bull cycle with the smallest drawdowns to date. The higher price range is less volatile, translating into much smaller expected crashes.
TL;DR Nexo, in collaboration with 7RCC Global, has proposed the world's first ESG-focused Bitcoin ETF, blending Bitcoin's growth potential with environmentally sustainable investment practices. The Nexo 7RCC ETF will allocate 80% of its portfolio to Bitcoin and 20% to Carbon Credit Futures, ensuring adaptability to regulatory changes while fostering sustainable investment practices.
The cryptocurrency market has recently been shaken by a record fund outflow of 73 million dollars from BlackRock's Bitcoin exchange-traded fund (ETF) (IBIT). This event marks the largest fund outflow since the ETF's launch in January 2024.
Bitcoin price today trades at $94,650 after dropping 12% from its all-time high (ATH) of $108,421. Investors are shocked due to the quickness of the recent crash that wiped out more than $1 billion worth of positions.
Bitcoin faced its first big weekly decline since Trump's election-fueled rally, likely due to reduced Federal Reserve rate cut projections.
Bitcoin has been navigating an ascending consolidation phase near its critical $108K resistance level, recently encountering a sharp decline. However, strong support zones suggest a potential for a short-term bullish rebound.
Japanese Bitcoin-focused firm Metaplanet has significantly increased its crypto portfolio following its recent US market expansion. On Dec. 23, the company, listed on the Tokyo Stock Exchange and trading on the US OTCQX Market as MTPLF, said it acquired 619.70 BTC for 9.5 billion yen ($60.7 million).
However, it is only a projection based on current data that will hardly remain constant over time.
Bitcoin [BTC] continues to attract market demand despite recent pullbacks.
TL;DR A recent report by VanEck suggests that the U.S. could reduce its national debt by creating a Bitcoin reserve, potentially offsetting 35% of the debt by 2049. VanEck's analysis projects Bitcoin's value to reach $42.3 million by 2049, with the U.S. national debt growing to $119.3 trillion.
Simon Gerovich, the CEO at Metaplanet, announced that the company has achieved a BTC yield of 309 percent QTD as it holds about 1,761 Bitcoin.
El Salvador's festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin (BTC) reserve, El Salvador's Christmas 2024 celebration has a distinctive Bitcoin-themed Christmas tree, further demonstrating the country's everlasting dedication to the original cryptocurrency.
Over the last five days the Bitcoin ($BTC) price has generally trended downward. Currently holding just above $95,000, will this decline continue, or could we see a big recovery going into the end of this year?
Bitcoin has factored in an additional price drop of 0.72% in the last 24 hours. Resulting from recent price drops, BTC has entered a selling market situation as per reports.
A VanEck report suggests that the US could cut its national debt by 35% over the next 24 years by holding a Bitcoin reserve.
AAVE has defied the overall market trend, with a notable 10% surge.
This approval marks a significant step forward for the crypto world. As expected, both ETFs will initially hold Bitcoin (BTC) and Ether (ETH).
During the last week, the price of Bitcoin underwent a violent downward correction, losing about 15%.
In his latest video published on December 21, crypto analyst Rekt Capital tried to answer the question “What's The Worst Case Scenario For Bitcoin Right Now?”. After reaching a new all-time high at $108,374 on December 17, the BTC price is down more than -11%.
Bitcoin experienced its first major weekly decline since Trump's election victory, falling 10% to $94,645 amid Federal Reserve policy shifts and technical weakness, though major firms maintain bullish long-term outlooks for 2025.
On December 23, pseudonymous analyst Marty Marty shared an analysis of the U.S. Dollar Index (DXY), highlighting its potential impact on financial markets, including cryptocurrencies. The DXY, which measures the strength of the U.S. dollar against a basket of major currencies, currently stands at 107.84.
MicroStrategy, a leader in institutional Bitcoin acquisition, has recently reached a historic milestone by surpassing the purchase volumes recorded during the 2021 bull market. These moves reflect a bold strategy and an unwavering commitment to the flagship cryptocurrency.
Bitcoin (BTC) and other cryptocurrencies suffered a bloodbath over the weekend as markets dropped significantly. In just over 24 hours, BTC dropped from around $108,000 to its current level of $95,000, as the Fed's announcement about reducing rate cuts in 2025 hit the market hard.
The bank will offer Bitcoin and crypto investment services to its 35 million customers. This move follows official approval from the French financial regulator, Autorité des Marchés Financiers (AMF).
Bitcoin price has recently broken below a long-time ascending channel and the Trump-fueled rally needs fresh impetus to sustain gains.
A possible solution to the main problem, namely the signatures, has also already been suggested.
With Bitcoin's sudden downturn marking a bearish week for the crypto market, a recap highlights the top performers and biggest losers. Examining various aspects of Bitcoin and altcoins, here's an outlook on how Bitcoin could still reclaim the $100K milestone.
Rich Dad Poor Dad author Robert Kiyosaki has issued a stark warning while hinting towards an economic depression ahead. In a recent X post, the renowned author said that the global market crash has already started, as he predicted earlier, which indicates that the financial market might enter a “depression” phase.
Ever since the BTC price triggered a massive breakout to the ATH, the markets have become highly optimistic about the next price action. The upper targets were elevated beyond $110K to $115K ahead of the yearly close.
Bitcoin traders rapidly adjust their short-term BTC price outlook as support fails and BTC/USD heads further below $100,000.
The Tokyo-listed firm said today it purchased an additional 619.7 BTC after it raised almost $61 million through bond issuance last week.
Japan's Metaplanet announced the purchase of an additional 619.70 BTC on Monday, capitalising on the Bitcoin dip to the $95,000 level. The total estimated cost of the deal was around $60 million (around £47 million). As per a statement by the company, the average price for the purchase was around $96,000.
A veteran of the Bitcoin ecosystem says that BTC is moving into a phase where extreme price impulses to the upside will become normalized.
The cryptocurrency landscape is undergoing a significant transformation as institutional demand for Bitcoin (BTC) surges. One of the most notable trends in the market is the growing role of spot Bitcoin Exchange-Traded Funds (ETFs), which now absorb more Bitcoin than miners can produce.
BTC saw its worst week since Trump's victory in early November.
Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings to 1,761.98 BTC. Metaplanet, a publicly traded Japanese company, has acquired 619.
BTC may remain on the defensive for some time, presenting a "buy the dip" opportunity to investors, according to Bitwise's Andre Dragosch.
The Bitcoin market pullback has deepened, with the asset extending losses over the weekend and into this week.
Japan's MicroStrategy Metaplanet announced the purchase of an additional 617 BTC on Monday, buying the Bitcoin dips to $95,000 levels. It further reported that the company has generated a massive 309% yield on its Bitcoin holdings during the fourth quarter.
Metaplanet has made its largest Bitcoin purchase to date, acquiring nearly 620 BTC as the cryptocurrency trades below $100,000. The post Metaplanet Makes Record 620 BTC Purchase Amid Price Dip Under $100K appeared first on Cryptonews.
Even though Bitcoin managed to record impressive gains in 2024, it is not the best-performing commodity of the year.
Bitcoin's social sentiment has dropped to its lowest point of 2024, with the ratio of positive to negative comments falling to 4:5.