Venezuela may soon join El Salvador as one of the few countries adopting Bitcoin as a strategic reserve asset.

The cryptocurrency market has been under pressure recently, with Bitcoin (BTC) trading below $50,000. Many analysts, including influential figures like Bit MEX CEO Arthur Hayes and trader Peter Brandt, have forecasted that the BTC price could drop even further.

Bitcoin (BTC) navigates through a period of heightened volatility, investors are closely watching for signs of a potential rebound in September. The cryptocurrency has experienced significant fluctuations, with its price recently swinging between $55,000 and $65,000.

The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) has yet to be concluded despite Judge Analisa Torres' August 7 ruling, which appeared to have ended the case. This follows a recent development showing that the SEC is still considering appealing the court's ruling.

SOL's next downtrend could shape what happens to the altcoin over the long term.

Bitcoin (BTC) has been making headlines not just for its price volatility, but also for a significant shift in its ownership landscape. More businesses than ever are investing in Bitcoin, now holding over 3% of all BTC in circulation.

Cryptocurrency analysts often make bold predictions, but few are as ambitious as the recent forecast by market expert Moonshilla. According to his latest analysis, Ripple's native token, XRP, could experience a dramatic rise in value, potentially reaching the $100 mark.

The XRP price is trading at $0.52, showing an intraday gain of 0.9%. This resilience amid the broader market correction may be attributed to Ripple's recent developments to enhance programmability on the XRP Ledger (XRPL), expanding smart contract capabilities.

Bitcoin (BTC), the world's leading digital asset, experienced a significant price drop this week, further stoking concerns about the market's future direction. As of Friday, September 6, Bitcoin was trading at around $56,786, marking a 4% decline for the week.

The cryptocurrency market has been under intense bearish pressure in recent weeks, with several large-cap assets including Bitcoin (BTC) and Ethereum (ETH) struggling to put in a positive shift. The past week was particularly drab for the two largest cryptocurrencies, as they posted double-digit losses in the last seven-day period.

A whale sold Bitcoin worth millions of dollars, but BTC might still turn bullish soon.

Solana (SOL), one of the leading cryptocurrencies by market capitalization, is witnessing a noteworthy rebound. After facing a challenging end to August, the asset has shown signs of recovery, with analysts forecasting a remarkable 62% price increase ahead of the highly anticipated Breakpoint event.

Eighty-eight business leaders, including Ripple co-founder Chris Larsen, have endorsed Vice President Kamala Harris for president, in a new letter shared by CNBC on Friday. Some crypto investors are puzzled by Larsen's move, given the Biden administration's stringent regulatory stance on cryptocurrency and its ongoing lawsuit against Ripple. The U.S.

Russia is profiting from BTC-related activities, and people in the United States aren't happy about it.

Maria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country.

The Bitcoin price dropped below $54,000 on September 6 as the flagship crypto experienced a massive wave of sell-offs from traders. This price decline was sparked by developments on the macroeconomic side, which painted a bearish outlook for Bitcoin.

Tether's move to back a synthetic dollar with gold could enhance stability and transparency in the crypto market, especially amid regulatory scrutiny. The post Tether uses gold to back new synthetic dollar as gold is less volatile than Bitcoin, says Paolo Ardoino appeared first on Crypto Briefing.

In a recent court filing with the U.S. District Court for the Southern District of New York, Ripple Labs has asked for a stay on the payment of $125 million to the SEC. The company's legal team proposed that the payment be postponed until 30 days after the end of the appeal period or until a potential appeal is resolved.

Ethereum (ETH) experienced a slight downturn on Wednesday, in tandem with a broader cryptocurrency market decline led by Bitcoin (BTC), which fell 7.59% over the past 24 hours to trade at $54,354 at the time of writing.

On September 7, 2024, Tesla founder Elon Musk saved the price of Dogecoin (DOGE) from crashing amid bearish market sentiment. Due to the significant sell-offs by whales and institutions, the overall cryptocurrency experienced a notable price decline. Elon Musk Saves Dogecoin from CRASHING Amid this selling pressure, DOGE breached its crucial support level of $0.

TLDR Price forecasts suggest a Solana climb above $180 before the month's end. BNB targets $1,000 by Q4. IntelMarkets, the latest investor favorite, is tipped for a 5,000% gain after its launch. While often undesired, market dips provide the best entries.

Monochrome launched a new Spot Ethereum ETF in Australia, while VanEck shut down its Futures-based ETH ETF.

American investment company WisdomTree has requested to withdraw its Ethereum Trust registration statement three years after submission to the US Securities and Exchange Commission (SEC). This development comes a few hours after fellow asset manager VanEck closed down its Ethereum futures ETF citing a lack of demand.

A lack of demand growth is keeping Bitcoin's (BTC) price down, according to the head of research at the digital asset analytics firm CryptoQuant. Julio Moreno notes on the social media platform X that BTC demand is declining and “basically all valuation metrics are in bearish territory.

Smart Whale tracker Lookonchain has reported that a short while ago, Galaxy Digital transferred a hefty amount of Bitcoin to the Coinbase Prime exchange.

In a notable development for the XRP community, Ripple has officially requested “a pause” on paying the $125 million settlement to the U.S. Securities and Exchange Commission (SEC) as directed by a court on August 7, 2024. This comes even as the legal battle with the agency continues to unfold.

The tech mogul Elon Musk has secured a win in the Dogecoin lawsuit, attracting the investors' attention. The court dismissed claims that Musk and Tesla's DOGE promotions misled investors.

Cardano founder Charles Hoskinson has lauded Snek.Fun, a meme coin launchpad, for increasing the network's activity.

A new report suggests that US companies are expected to purchase $10.3 billion worth of Bitcoin over the next 18 months.

Ripple's XRP, once a shining star in the crypto world, is now caught in the crossfire of Bitcoin's recent plunge.

Nvidia is hot. But some billionaire investors think Bitcoin could be even hotter.

Bitfinex's BTC long positions hiked, raising questions about a likely local bottom.

Solana (SOL) is currently trading around $127, a critical level that could either support a recovery or lead to further declines. Throughout the year, this price point has frequently served as an important support for the altcoin.

Fidelity, a prominent player in the Bitcoin ETF space, has recently moved nearly 4,000 BTC from its custodial wallets. This significant shift follows a series of large-scale outflows from Bitcoin ETFs, reflecting broader trends in the market.

Coinbase added the new native asset of an Ethereum (ETH) layer-2 scaling protocol to its listing roadmap on Friday, putting the token on the potential path to trading on the top US crypto exchange. Zksync (ZK), the newest addition to the listing roadmap, bills itself as “an ever-expanding verifiable blockchain network, secured by math.

Cardano (ADA) continues to hover around the $0.30 and $0.35 mark as the token struggled to breach crucial resistance levels for the last few days. This decline could be attributed to the selling pressure the cryptocurrency experienced lately.

The Fibonacci extension levels marked the next bearish target for DOGE.

XRP is holding above a key support level despite significant selling pressure and fear in the crypto market. After experiencing a 20% retrace since August 24, the price remains stable above the $0.50 mark, sparking hope among investors and analysts.

Three years ago today, El Salvador made history as the first nation to adopt Bitcoin as legal tender.

Bitcoin's price has been under severe pressure lately, dropping sharply below $54,000 in August. This recent downturn appears to be heavily influenced by institutional sell-offs, widespread concerns across the cryptocurrency market.

Bitcoin's price has dropped 12% since the last halving, with historical price patterns becoming less predictable.

As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network's computational power hit a new lifetime high.

After experiencing a significant price decline of 10% in the past two days, Bitcoin (BTC) is now poised for a price reversal, as shared by a crypto expert.

Bitcoin (BTC) is currently undergoing a notable correction as market fears surrounding the overall economy's health, exacerbated by disappointing jobs data, continue to grow.

September 7, 2021 was one of the most significant days in Bitcoin's history.

PEPE price fell towards $0.000063 on Sept 6, down 20% within the weekly time frame, however markets data shows rising demand for PEPE across DEXs, and the derivatives trading platforms.

Crypto trader Peter Brandt has alerted the crypto community about a possible bearish trend for Bitcoin (CRYPTO: BTC), following his analysis of the cryptocurrency's chart pattern. What Happened: Brandt has said that Bitcoin appears to be forming an inverted expanding triangle pattern on its weekly chart.

The total assets held by Bitcoin funds has fallen to a multi-month low, while Ethereum ETFs log their lowest asset levels yet seen.