Bitcoin reserves held on leading cryptocurrency exchange Binance have dwindled to levels that hadn't been seen since January of this year, raising prospects of a potential 90% BTC price rise as witnessed earlier this year, when reserves dropped to these levels.
A popular crypto analyst is issuing a warning that Bitcoin could suddenly collapse if BTC loses a key support level. Crypto trader Ali Martinez tells his 104,000 followers on the social media platform X that Bitcoin could plummet nearly 27% from its current value if it fails to remain trading above $93,806.
Bitcoin ETFs became a lightning rod for institutional capital this year, while spot Ethereum ETFs opened the door for other assets.
Here's what the historical trend of the Bitcoin Market Value to Realized Value (MVRV) Ratio suggests regarding whether the current bull run is over or not. Bitcoin MVRV Ratio Could Hint At Where BTC Is In Current Cycle In a new post on X, CryptoQuant founder and CEO Ki Young Ju shared a chart showcasing the past pattern in the Bitcoin MVRV Ratio.
Bitcoin's price has been on a wild ride recently, with the cryptocurrency almost reaching the $100,000 mark. As the excitement grows, many are now speculating that Bitcoin could hit $110K in the near future.
Bitcoin has experienced a rollercoaster ride over the past couple of weeks, showcasing its trademark volatility. After reaching an all-time high (ATH), the leading cryptocurrency saw its price drop by 15%, testing the $92,000 mark as a crucial support level.
KULR Technology adopts a Bitcoin treasury strategy with a $21M purchase, boosting stock 30%, aligning with corporate Bitcoin trends. The post KULR Technology adopts Bitcoin treasury strategy with $21M purchase, stock rises 30% appeared first on Crypto Briefing.
Energy company KULR Technology Group unveiled the start of its Bitcoin (BTC) treasury on Dec. 4 by acquiring 217.18 BTC for approximately $21 million, at an average purchase price of $96,556.53 per Bitcoin.
Jeff Park, head of alpha strategies at Bitwise Invest, has predicted that the price of Bitcoin might potentially hit $1 million if the US creates a Bitcoin reserve.
Three of the 50 states of America are expected to create local Bitcoin reserves soon. The bills differ from the proposal of the American National Bitcoin Reserve and demonstrate local specifics.
XRP News: Amid a highly volatile crypto market witnessed recently, a crypto market whale's decision to move 90 million of Ripple's coin has echoed a frenzy. On Thursday, whale data indicated that roughly $200 million worth of the crypto was moved between unknown wallets.
Swiss company Relai purchased 13 BTC (worth $1.24 million) for Christmas.
Bitcoin's price movements are often unpredictable, and investors and traders constantly attempt to time the market perfectly. However, market sentiment plays a crucial role in determining the price, and many indicators are lagging, meaning they reflect past movements rather than predict future trends.
Trump's Bitcoin mining pledge highlights challenges in achieving energy dominance and economic control amid global competition and decentralization. The post Trump's pledge to make all Bitcoin made in USA faces practical challenges, say experts appeared first on Crypto Briefing.
Meme coins ranked among the most popular crypto narratives of 2024, creating a divide between crypto tokens. Bitcoin stands out among top crypto tokens with 125% year-to-date gains and the meme coin category, or the “other tokens” hit a key milestone, crossing a market capitalization of $100 billion.
Bitcoin enthusiasts are buzzing over a bold prediction an industry expert, who claims that Bitcoin could soar to $180,000 by March 21, 2025.
As Bitcoin (BTC) faces heightened volatility below the $100,000 resistance zone, on-chain data suggests the digital currency may face further declines in the coming days.
Ethereum, Solana, and XRP exhibit crucial technical setups across weekly and 4-hour charts, highlighting key levels, bearish risks, and bullish targets heading into 2025.
Cryptocurrencies exhibited mixed signals on Thursday as Bitcoin struggled around the $95,000 mark. While sellers threatened continued dips, MOON DENG, PENGU, and Ripple's XRP had optimistic updates for their communities. Let us find out more. MOODENG explodes in gloomy markets Digital assets traded in red today as the global cryptocurrency market cap plummeted 3.
Donald Trump‘s campaign promise to bring all Bitcoin (CRYPTO: BTC) mining operations back to the United States faces considerable obstacles, despite his newfound support for the cryptocurrency industry. This pledge, made following discussions with leaders in the crypto mining field, symbolizes Trump's shift from a skeptic to a champion of digital assets.
TL;DR Bitcoin fell below $95,000, in line with a general downturn in the crypto market, as MicroStrategy announces plans to issue new shares and acquire more BTC. MicroStrategy has been accumulating BTC for seven consecutive weeks.
Bitcoin hit a record high this year, boosted by U.S. spot ETF approvals and Trump's election—though some assets did even better.
Thailand is exploring the possibility of discovered a Bitcoin pilot project in Phuket, an initiative proposed by former Prime Minister Thaksin Shinawatra. The goal is to transform Phuket into a cryptocurrency sandbox, where Bitcoin payments could be tested in a controlled environment, with the aim of boosting tourism and positioning Thailand as a leader in digital innovation.
TL;DR KULR Technology purchased 217.18 bitcoins worth $21 million as part of its forward-thinking treasury strategy. The company plans to allocate up to 90% of its surplus cash for future Bitcoin acquisitions to diversify its holdings.
Russia's finance minister, Anton Siluanov, has revealed that domestic companies are using Bitcoin (BTC) and other cryptocurrencies for international payments.
Bitcoin (BTC) didn't bring much holiday cheer to investors as it remained under $100,000. BTC has been marginally down over the last 24 hours and is trading at around $98,100.
KULR Technology Group, Inc. (NYSE: KULR) is a company focused on advanced energy management solutions, targeting a $24 billion market for thermal management systems. The company develops technologies aimed at improving safety and efficiency in renewable energy, aerospace, and defense sectors.
The publicly traded company is the latest to adopt a Bitcoin treasury, joining a growing number of firms adding BTC to their balance sheets.
Bitcoin (CRYPTO: BTC) is navigating a period of guarded optimism, according to a new report from Messari, buoyed by institutional inflows into newly approved ETFs and the promises made by the new presidential administration. What Happened: The report suggests that Bitcoin's future trajectory depends on whether the administration can convert campaign rhetoric into tangible policy outcomes.
Hive Digital Technologies, a blockchain infrastructure firm, has announced the deployment of advanced Nvidia GPUs in Quebec, marking a significant shift toward high-performance computing (HPC) and artificial intelligence (AI).
In the crypto arena, XRP stands out as a flamboyant gladiator, ready to jump by 65%, leaving Bitcoin and Ethereum in the shadows. Guaranteed suspense, according to an admiring expert.
Michael Saylor, the founder and executive chairman of MicroStrategy business intelligence giant, has issued what may be interpreted as a comment on today's Bitcoin drawdown that coincided with the period of 2024 winter holidays.
X user published over 140 million tweets mentioning Bitcoin on Elon Musk's social media network.
Crypto analyst Trade PSH has revealed the major Bitcoin support levels to watch out for as BTC bulls push for a rally to the psychological $100,000 level. The analyst also mentioned what price levels Bitcoin could reach in the short term as it breaks above $100,000.
Amid ongoing market uncertainty, XRP, the native token of Ripple Labs, is poised for a notable price decline following the formation of bearish price action. Besides XRP, the overall cryptocurrency market seems to be struggling to gain momentum and is facing a significant price decline.
KULR Technology has invested $21 million in Bitcoin as part of its strategy to allocate 90% of surplus cash to the cryptocurrency. KULR, a U.S.
The recent dip in Bitcoin price has sparked concerns among investors while triggering massive selling pressure in the broader crypto market. In addition, the recent market developments also hint towards a further dip, with many predicting a potential slip to $80K or even below.
In the latest development today, KULR Technology Group, a leader in advanced energy management platforms, has announced that it has completed the purchase of 217.18 Bitcoins. As per its official press release, the purchase was made for approximately $21 million, at an average price of $96,556.53 per BTC.
Bitcoin falls below $96K, dragging down MicroStrategy and Coinbase. Traders brace for volatility as ETF outflows and derivatives expirations pressure prices.
Officials stress safety and liquidity, dismissing Bitcoin's volatility as incompatible with Japan's reserve strategy and current foreign exchange rules.
A prominent cryptocurrency analyst has recently suggested that XRP's price is currently the “most bullish looking chart” after the price of the cryptocurrency lost nearly 20% of its value from its early December high of $2.85. The native token of the XRP Ledger is at the time of writing trading at $2.
Santiment cautious of a breakout rally to $110K as bullish sentiment makes a comeback post-Christmas.
As became known thanks to historical price data from CryptoRank, this year's fourth quarter is officially the best for popular cryptocurrency XRP in the last seven years. With a return of 253.6% in the last three months, this quarter is also the best for XRP this year.
Speaking to Cointelegraph, James Howells shares an update on his ongoing battle with legal and environmental challenges to recover a landfill hard drive containing $773M in lost Bitcoin.
KULR Technology Group, Inc., a company known for its advancements in energy management platforms, has embarked on a bold new financial strategy by announcing the inclusion of Bitcoin (“BTC”) as a primary asset in its treasury program.
Bitcoin has continued to see a lot of noise near the $100,000 level, as the volume would of course be an issue this time of year. The market will be one that continues to find buyers on dips though, so I do favor the upside, but patience will be the
With Bitcoin gaining recognition and adoption worldwide companies aren't just watching anymore. They're jumping in and adding the crypto to their books. Businesses are using Bitcoin as part of their financial strategy. You might think why Bitcoin corporate adoption is rising? Well, they believe it's more than just a currency.
Donald Trump's “Made in USA” Bitcoin pledge is hitting the hard wall of blockchain reality. Back in June, the ‘crypto president' posted on Truth Social that he wanted all remaining Bitcoin to be mined in the United States.