The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin and Ethereum ETFs started 2025 in the red, but now have collectively attracted $1.75 billion over the last two trading days.
GoMining, a blockchain-based platform that allows users to participate in the Bitcoin mining ecosystem via tokenized hashrate ownership, has announced its expansion to Solana.
In 2024, the combined market capitalization of public Bitcoin mining companies reached $50 billion for the first time.
Bitcoin has crashed below $100,000. As of press time, it's trading at $97,063, down 4.8% in twenty-four hours.
U.S. Spot Bitcoin ETFs saw nearly $1 billion in inflows over Friday and Monday. Speculation about the U.S. Bitcoin Strategic Reserve is contributing to bullish sentiment.
In a latest development, Publicly traded company Thumzup Media Corp has announced that it has added $1 million in Bitcoin to its balance sheet. On January 6, 2025, Thumzup Media Corporation purchased 9.783 Bitcoins for $1,000,020, at an average price of $102,220 per Bitcoin, inclusive of fees and expenses.
The non-custodial payment gateway reported increased merchant interest across multiple sectors following Bitcoin's December price surge.
Bitcoin‘s sharp drop following its surge to a new all-time high led to significant challenges for investors and traders, especially BTC's short-term holders. However, with BTC regaining its upside momentum, the market might become favorable for institutional and retail investors in the upcoming days.
BTC's latest price drop might be setting the stage for a major bearish reversal pattern.
In a surprising turn of events, the cryptocurrency market has experienced a sharp decline, with Bitcoin (BTC) and Ethereum (ETH) both seeing significant losses. This downturn coincided with the release of the US Job Openings and Labor Turnover Survey (JOLTS) data, which indicated a surge in job openings, signaling a robust labor market.
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.
XRP has been consolidating for over a month following a significant rally, with technical analysis suggesting that the cryptocurrency may soon test key resistance levels, paving the way for a potential breakout.
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.
The XRP price has fallen back to $2.33 as crypto's risk-off period of consolidation is extended but $8.5 could be the next XRP target The post XRP Price to $8.5 if This Analysis and Trump Promises Come True appeared first on Cryptonews.
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.
Bitcoin could drop to support levels around $84,500, Katie Stockton said. The token has whipsawed this week, briefly crossing $100,000 before sliding agin.
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.
Johann Kerbrat, Robinhood (HOOD) Crypto general manager and vice president, joins Brad Smith and Seana Smith on Morning Brief to discuss bitcoin (BTC-USD)'s recent climb above $100,000. Kerbrat explores some of the big drivers behind the recent rally.
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.
Ripple says it has begun leveraging the Chainlink standard, a move designed to provide “high-quality pricing data” around its Ripple USD (RLUSD) stablecoin. “By adopting the Chainlink standard for verifiable data on the Ethereum blockchain, Ripple is enhancing the utility of RLUSD across the onchain economy,” the company said in a news release Tuesday (Jan.
The American crypto exchange Coinbase has increased SHIB's spot trading volume by 1,711%. The rise has been attributed to the SHIB/USD pair on Coinbase, which has generated $13.12 million in trading over the last 24 hours.
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.
In a technical analysis shared on X, popular crypto analyst Ali Martinez (@ali_charts) has drawn attention to a potentially significant bullish signal for XRP. Martinez highlighted that the SuperTrend indicator, applied to the 12-hour chart of XRP/USDT, has flipped to a bullish orientation—a pattern that preceded a meteoric 470% price surge the last time.
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.
Ripple's RLUSD stablecoin, with a market capitalization of $72 million, integrates with DeFi applications. The RLUSD stablecoin, now available on Ethereum, is intended to support cross-border payments.
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.
Just a few days ahead of Donald Trump's inaugural speech, the native token of the Ripple network XRP seems poised to begin a new rally toward the $4 – $5 level as both on-chain data and technical indicators are pointing to a major upcoming breakout. Donald Trump's victory in the November U.S.
Over 120,000 traders have been wrecked in the past day.