Over $1.04 billion was liquidated in 24 hours, with long traders losing more than $869.88 million.
Bitcoin ETFs see record $671.9M outflows on Dec. 19, coinciding with Bitcoin's price dip and marketwide liquidations.
El Salvador has reached a preliminary arrangement with the International Monetary Fund (IMF) on a $1.4 billion loan.
The SEC has approved the launch of crypto index ETFs from Hashdex and Franklin Templeton, offering exposure to Bitcoin and Ethereum. They are set to launch in January.
The crypto market took a sudden hit as El Salvador struck a $1.4 billion deal with the IMF. The country agreed to bring some adjustments to its Bitcoin Policy, and this news shook the market. This created waves of bearish momentum causing all major cryptos to plummet while memecoins maintained their course.
The insatiability of crypto investors is one to reckon with. Recently, Bitcoin hit a historic price past $100K following Donald Trump's win in the POTUS race.
Cathie Wood, who is the CEO and chief investment officer of Ark Invest, made a prediction during an interview with Bloomberg, suggesting that Bitcoin will hit a price of $1 million by 2030.
Metaplanet Inc. has raised 9.5 billion yen ($60.6 million) through two tranches of bond issuance aimed at accelerating its Bitcoin purchases. The post Metaplanet Raises 9.5 Billion Yen for Accelerated Bitcoin Purchases Through Bond Issuance appeared first on Cryptonews.
Ethereum (ETH) has experienced sharp declines in recent days, forcing some of the cryptocurrency's largest holders to liquidate significant amounts of their holdings. According to market tracker LookonChain, the price of Ethereum has fallen by 18.35% from its Monday high of $4,109, forming a bearish engulfing pattern on the daily chart.
GLJ Research CEO Gordon Johnson intensified criticism of Bitcoin (CRYPTO: BTC) on Thursday, echoing late Berkshire Hathaway Inc. Vice Chairman Charlie Munger‘s skepticism and targeting major financial institutions for their role in cryptocurrency markets. What Happened: “Bitcoin, as Charlie Munger said, is rat poison,” Johnson wrote on X.
Craig Wright, who falsely claimed to be bitcoin's creator, faces a suspended jail term for contempt after violating a court order and filing a £911 billion lawsuit.
BTC price downside is due to produce new long-term lows before recovering, according to the analyst who predicted the breakout to $95,000.
The Bitcoin (BTC) market is going through a turbulent phase, marked by a notable decline after flirting with $99,000. This correction currently brings its price down to $96,600, raising concerns about a possible continuation of the drop.
Blockstream CEO Adam Back has weighed in on the most recent controversy surrounding Bitcoin and financial titan BlackRock.
Economist Henrik Zeberg is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset's brief dip of nearly 10% earlier this week. Zeberg tells his 170,600 followers on the social media platform X that the anticipated “Christmas rally is still on.
El Salvador, the pioneering nation that made Bitcoin a legal tender, has reached a significant agreement with the International Monetary Fund (IMF) for a $1.4 billion loan.
Tether's $40 million daily inflows indicate rising investor confidence in Bitcoin.
The crowd seems to be looking for proper buying opportunities.
Mark Yusko of Morgan Creek Capital Management, recently opened up about Trump's approach to cryptocurrencies, revealing that Trump and his son are heavily investing in assets like HBAR and XRP, which might be approved for ETFs next year. He also said that Trump is heavily investing in Bitcoin as well.
Bitcoin (BTC)'s foray into the $100,000-plus zone came to a screeching halt yesterday evening when the world's largest cryptocurrency fell nearly three percentage points against the US dollar. It was the second day of sizable losses following a 5.6% dip on Wednesday.
Amid the broader crypto market crash, liquidation numbers soared to more than $1 billion with the Bitcoin price dropping all the way to $95,000 levels. Altcoins like ETH, SOL, DOGE are seeing even greater selling pressure correcting 8-13%.
OKX has announced the launch of Ordinals Launchpad, a platform that allows on-chain creators to launch, inscribe and trade collections directly on the Bitcoin ecosystem.
Bitcoin ETFs (Exchange-traded funds) broke a 15-day streak of positive flows on Thursday, recording the largest single-day outflows since their launch in January. Ethereum ETFs shared the sentiment, breaking an 18-day streak of positive flows.
Spot Bitcoin exchange-traded funds in the United States recorded $680 million in outflows on Dec. 19 as Bitcoin fell below $96k amid the Federal Reserve maintaining a cautious outlook on future interest rate cuts.
The 2025 Polynesian Bowl All-Star signed with the University of Southern California and will use payments app Strike to receive a portion of his compensation in bitcoin (BTC).
The crypto market's stance with its numbers has further aggravated from the previous day. The downturn has led to the market cap shrinking by 5.04% to $3.34 trillion. As a result, the trading volume is down marginally by 0.54%, settling at $264.08 billion.
The Tokyo-listed firm raised 9.5 billion yen ($60.6 million) in two tranches of bond issuance announced on Friday and Tuesday.
The spot bitcoin ETFs in the U.S. saw a record daily outflows of $680 million on Thursday as bitcoin dipped below the $100,000 level.
El Salvador has improved its national Bitcoin reserve by adding 11 Bitcoins for $1 million.
BTC's price tumbled hard after Powell's words on Wednesday evening.
Amidst the multiple warnings from the International Monetary Fund (IMF) to limit its Bitcoin purchases, El Salvador, the first country to adopt Bitcoin as legal tender, shows no signs of slowing down. Recently, El Salvador's Bitcoin Office announced the addition of $1 million worth of Bitcoin to its Strategic Bitcoin Reserve.
The historic outflows from US Bitcoin ETFs highlight growing investor uncertainty and could signal increased volatility in crypto markets. The post US Bitcoin ETFs see historic outflow as brutal sell-off shakes crypto markets appeared first on Crypto Briefing.
Before yesterday's plunge, Bitcoin recent rally was able to propel the asset to a new all-time high of $108,000, marking another significant milestone in its upward trajectory. However, according to latest analysis, this notable price surge is accompanied by signs of potential market volatility, as long-term holders begin to exhibit selling activity.
Data shows a large amount of liquidations have piled up on cryptocurrency exchanges during the past day as Bitcoin and the altcoins have crashed.
“We believe the root cause of the morning's crash to be the market's overly bullish positioning,” QCP traders said in a Friday note.
Ethereum (ETH) has faced a sharp decline, dropping over 5% in the past day and falling below key support levels. This sudden downturn has left traders and investors questioning whether this is merely a short-term correction or a precursor to a larger bearish trend.
The crypto market will witness $2.62 billion in Bitcoin and Ethereum options contracts expire today. This massive expiration could affect short-term price action, especially as both assets have recently declined.
Cathie Wood, the founder of Ark Investment Management LLC, predicts a surge in mergers and acquisitions after President-elect Donald Trump defeats Vice President Kamala Harris in the 2024 election. What Happened: “M&A has been prevented by the FTC.
El Salvador purchased 11 Bitcoin only a day after reaching a $1.4 million IMF loan deal that called to reduce public sector engagement in “Bitcoin-related economic activities.”
A key contrary indicator is flashing green offering hope to BTC bulls anticipating a renewed upswing into six figures.
Bitcoin achieved a historic milestone on December 18, 2024, surpassing its previous all-time high and reaching a peak of $108,364. The price surge marked a momentous event for the cryptocurrency, creating optimism in the market as investors anticipated the possibility of further gains.
In a notable development for Donald Trump's crypto initiative, World Liberty Financial (WL), has reportedly exchanged approximately $10 million worth of wrapped Bitcoin (WBTC) for tokens associated with project adviser Justin Sun, founder of the TRON blockchain. World Liberty Financial Links With Justin Sun In Major Token Swap According to blockchain data analytics firm Nansen, a digital wallet linked to President-elect's World Liberty Financial swapped its entire holding of 103 cbBTC tokens for WBTC on a Wednesday operation.
El Salvador made full use of the market drop Thursday by buying as many as 11 Bitcoins (CRYPTO: BTC), worth over a million dollars, for its reserve. What happened: According to the National Bitcoin Office, an agency tasked by President Nayib Bukele to oversee all things related to the leading cryptocurrency, the Central American nation upped its daily purchase tally to 11, 10 more than the one Bitcoin per day policy.
Metaplanet, a Japanese Tokyo-listed company, is taking a major step to increase its Bitcoin reserves by issuing 5 billion yen (about $33.3 million) in ordinary bonds. These bonds paid on December 20th will mature on June 16, 2025, giving the company ample time to carry out its Bitcoin purchasing plan.
Following multiple review extensions since June, the regulator has approved the first dual Bitcoin-Ethereum ETFs.
The cryptocurrency market experienced a bearish spell today. Bitcoin (BTC) slipped below the $98,000 mark, marking a 3% drop in the last 24 hours. Major altcoins like Ethereum (ETH) and Solana (SOL) also declined by 3% to 5%, contributing to the broader market's downturn.
Blockstream CEO and Hashcash inventor Adam Back has come to the defense of BlackRock after the company's recent Bitcoin ad triggered an outrage across the crypto community. It featured a small but explosive disclaimer: “There is no guarantee that Bitcoin's 21 million supply cap will not be changed.
Metaplanet, a Tokyo Stock Exchange-listed company, has issued ¥5 billion ($31.8 million) in zero-interest bonds to fund its Bitcoin acquisition strategy.