Bitcoins transformative journey in 2024 has set the stage for a pivotal year ahead, with institutional adoption, regulatory clarity, and technological innovation driving its evolution as a mainstream asset. As 2025 begins, the crypto community is buzzing with questions about where Bitcoins price and adoption curve will head next.
Bitcoin (BTC) has recently experienced a significant price surge, nearing its all-time high as it continues its volatile trajectory toward the end of 2024. With the cryptocurrency trading at $102,235, Bitcoin has gained 10% in value over the past week, approaching its previous peak of $108,268.
Dogecoin (DOGE), the original meme coin and one of the top 10 cryptocurrencies by market cap, saw its price plunge nearly 10% in the last 24 hours amid a broader cryptocurrency market downturn. The decline follows mixed U.S. economic data released earlier on Tuesday, which has created ripples across financial markets.
Elon Musk, on Tuesday, predicted a potential drop in prices of cryptocurrencies like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) if dollar inflation is addressed. What Happened: The Tesla and Space X CEO expressed his views on how cryptocurrencies would benefit if inflation and government overspending were curbed “If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal,” Musk wrote in an X post.
Bitcoin's price skyrocketed to crazy new highs in 2024, leaving the financial world pretty stunned. It hit $108,000, which is a massive 124% jump for the year.
Bitcoin has finally reclaimed the highly anticipated $100K mark after days of consolidation and lingering negative sentiment. The psychological milestone had been a key resistance level, with many investors and analysts closely monitoring BTC's price action for clues about its next big move.
The Governor of the Czech National Bank (ČNB), Aleš Michl, said the central bank is considering allocating Bitcoin (BTC) to diversify its reserves during a Jan. 6 interview with CNN Prima News. Michl revealed this consideration by the ČNB while discussing the importance of diversifying the bank's holdings among stocks, bonds, gold, and cash deposits.
Bitcoin has soared past the $102,000 mark, marking a significant milestone as U.S. buyers make their presence known again in the market. The recent surge follows strong buyer activity that has triggered a sharp increase in the Coinbase Premium Index, indicating that American investors are back in action, further fueling the cryptocurrency's rally.
Toronto-based Sol Strategies Inc. has announced a CAD $25 million investment in the Solana ecosystem to bolster its position as a leading player in blockchain staking operations and acquisitions. Sol Strategies Strategic Investment In Solana Sol Strategies, a Canadian publicly traded company, has promised CAD $25 million to the Solana ecosystem through an unsecured revolving
Solana (SOL) has been on a strong upward trajectory recently, with the cryptocurrency's price rallying more than 12% in the past week. As of today, the price of SOL stands at around $216, following a slight dip after its impressive gains.
Ripple has partnered with Chainlink to provide robust pricing data for its RLUSD stablecoin, according to a Jan. 7 statement. The integration introduces Chainlink's blockchain technology to Ripple's ecosystem, delivering secure and verifiable price feeds directly on Ethereum's network.
The trading volume of Ethereum, the second-largest cryptocurrency by market capitalization, has significantly increased recently. This significant rise is a sign of increased market activity since it implies that traders and investors are participating more actively.
The world's largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance between supply and demand.
With a significant move at the start of the week, Bitcoin has revisited the pivotal $100,000 milestone once again. This move has triggered a wave of fresh optimism among crypto enthusiasts as several key metrics have also seen positive movements alongside the recent upswing.
The governor of the Czech National Bank, Aleš Michl, has expressed interest in Bitcoin as a potential addition to the country's foreign exchange reserves.
The irony of the crypto market is how much it falls when the economy is doing well. On Tuesday, a couple of important economic readings came in better than expected, and Bitcoin (BTC -5.53%) and other cryptocurrencies dropped on the news.
Elon Musk offered praise for Pierre Poilievre, a Bitcoin advocate and contender for Canadian PM, who wants to cut government spending.
Massive Japanese financial and biotech conglomerate SBI Group has signed an agreement with Solana Superteam Japan, a community promoting the growth of the trending blockchain in the country, to give out an exclusive NFT (non-fungible token) to SBI Web3 Wallet customers. Solana-based NFTs are currently dipping as of 7:00 a.m.
The Ethereum (ETH) price took a beating on Tuesday, dropping 8% on the day to below $3,400 as risk appetite took a broad beating following strong US economic data that triggered fears of a US inflation rebound that could result in slower/less interest rate cuts from the US Federal Reserve. The post Ethereum Price Crashes 8% – Collapse Back Below $3,000 Imminent? appeared first on Cryptonews.
Mad Lads NFTs continued their recent price surge Tuesday after their creator acquired the remains of the collapsed FTX Europe.
XRP's bullish signals hint at a potential price rally.
XRP price is up 14% in the last seven days but has entered a consolidation phase, consistently trading between $2.34 and $2.46 for the past six days. This period of range-bound movement reflects balanced market sentiment, with neither bulls nor bears taking control.
CFTC alleged Gemini provided inaccurate data on Bitcoin price manipulation safeguards, a charge the crypto firm denies.
Technical analysts are spotting bullish indicators for XRP, including a historically reliable buy signal from the SuperTrend indicator, sparking predictions of a potential major price surge if history repeats
Arthur Hayes predicts a Bitcoin price peak in March 2025, driven by shifting liquidity conditions and macroeconomic factors, but cautions investors about potential volatility in the first quarter.
It's a rough day for Dogecoin, but other meme coins like Bonk and AI16Z are faring even worse as the crypto market takes a beating.
The crypto market experienced a sharp decline led by Bitcoin's 5% drop from its $102,000 high, as strong U.S. job data and steady Federal Reserve rate projections dampened hopes for monetary easing, resulting in over $400 million in liquidations across major digital assets.
Czech Republic's central bank Czech National Bank (CNB) Governor, Aleš Michl said the Bank is considering taking on Bitcoin as a reserve currency. In an interview with CNN Prima News, Governor Michl said the Bank is thinking of investing a small amount of central bank funds in Bitcoin as a diversification asset.
Bitcoin miners in the United States are adapting to intense pressure from rising costs and heightened competition for resources. Mining giants such as Mara Holdings and Riot Platforms have raised a total of $3.7 billion since November, investing heavily in Bitcoin reserves as a means to weather the storm.
Bitcoin's current valuation stands between $96,512 to $97,121 over the last hour, boasting a market capitalization of $1.91 trillion and a 24-hour trading volume amounting to $59 billion, indicative of intensified market engagement. The cryptocurrency oscillates within an intraday spectrum from $96,163 to $102,760.
According to a concerning new report, Bitcoin ETF issuers are acquiring BTC more than 20 times faster than miners can produce new blocks.
The cryptocurrency market was not doing well on Tuesday as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other digital assets plunged. The crypto market crash occurred in tandem with other risk-off events in the global financial market owing to rising US treasury yields, a more hawkish Fed and heightened macroeconomic uncertainty.
Amid whales embrace, the price of Cardano (ADA) has seen a dramatic slip in the past 24 hours, a shift that comes following the unexpected beating Bitcoin (BTC) in late trading hours. As one of the biggest gainers over the trailing 7-day period, Cardano is maintaining resilience above the $1 price mark.
Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets in general.
Bitcoin observed nearly 5% weekly gain and reclaimed the $100,000 milestone. The new year renewed BTC holders' hopes for further gains, following the sell-off in the holiday season.
Ethereum's price has been on the rise since hitting a low on December 20, but the rally thus far appears to be more of a corrective move than an impulsive uptrend. The market hasn't yet displayed enough momentum to confirm a strong upward trend, but this could change as the price action evolves.
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Bitcoin briefly retested the price level above $100,000 on Jan. 6, but the flagship cryptocurrency dipped below the six-digit mark again.
CNBC's Tanaya Macheel joins 'Closing Bell' to report on the fall in bitcoin's stock in the new year.
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The Chinese yuan has extended its three-month losing trend, sliding to its lowest since September 2023. "Markets Daily" host Jennifer Sanasie breaks down what CNY's strength means for bitcoin price.
Ripple President Monica Long expects to see their new stablecoin RLUSD on more platforms 'imminently' and says we will see an XRP ETF soon. She speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto.
Sol Strategies, a Canadian holding company focused on the Solana blockchain, has drawn $4 million from its amended CAD $25 million unsecured revolving credit facility. The funds will be used for large-scale Solana token acquisitions, supporting DeFi protocols, validator operations, and new projects within the Solana ecosystem. The post Sol Strategies Secures CAD $25M Credit Facility for Solana Investments appeared first on Cryptonews.
Solana's strong rally is losing momentum as prices face a pullback, suggesting a potential correction toward the $209.9 support level. After a period of bullish gains, market dynamics and profit-taking impact its upward movement.
Leading meme coin Dogecoin (DOGE) has seen a notable price surge over the past week, outperforming its top meme coin rivals. During this period, DOGE has soared by 23%, outpacing Shiba Inu (SHIB), which has risen 14%, and Pepe (PEPE), which has gained 4%.
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As nations worldwide reevaluate cryptocurrency regulations, the Czech Republic emerges as a progressive force with new tax policies and institutional interest in Bitcoin, while its central bank governor weighs digital assets against traditional reserves.