The Bitcoin market pullback has deepened, with the asset extending losses over the weekend and into this week.

Even though Bitcoin managed to record impressive gains in 2024, it is not the best-performing commodity of the year.

Bitcoin's social sentiment has dropped to its lowest point of 2024, with the ratio of positive to negative comments falling to 4:5.

Key Points:

Bitcoin's 15% correction during the third week of December marked its largest weekly price drop since August. Experts attribute the decline to the impact of global macroeconomic factors, warning that Bitcoin could see further downside if these pressures intensify.

MicroStrategy has set new records with its Bitcoin acquisitions in November 2024, surpassing previous highs from the 2021 bull market.

The cryptocurrency market faced another day of bearish pressure, with Bitcoin (BTC) hovering around the $95,000 mark. The global crypto market cap dipped nearly 2% to settle at $3.27 trillion, while trading volumes shrank by 15% to $138 billion.

Japanese investment firm Metaplanet has purchased $60 million worth of Bitcoin, the largest single BTC buy it has made since it started acquiring the cryptocurrency in May.

Key Points:

Tokyo-based Metaplanet Inc. purchased additional Bitcoin, continuing Bitcoin Treasury Operations. The company bought 619.70 Bitcoins at an average price of 15,330,073 yen a piece and paid a total of 9.5 billion yen.

Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17.

Bitcoin Cash community member and self-described “freedom maximalist” minisatoshi has released a detailed trajectory of Bitcoin, tracing it's path as P2P permissionless cash from 2009 to the present.

Metaplanet, a Japanese investment firm, has made another major addition to its Bitcoin holdings, purchasing 619.70 BTC for 9.5 billion yen (Approximately $60.70 Million) . Following this acquisition, the company's total Bitcoin holdings have now reached 1,761.98 BTC. The average purchase price for the latest transaction was 15,330,073 yen per Bitcoin.

Spot Bitcoin ETFs recorded $423.6 million in inflows this week, doubling miner production.

The cryptocurrency market today continued to show bearish momentum, with Bitcoin (BTC) falling below $95,000. The global crypto market dropped by approximately 2% to $3.27 trillion, while trading volume decreased by 15%, now at $138 billion.

A Bitcoin reserve proposed by Senator Cynthia Lummis could slash US national debt by 35% by 2049, predicts VanEck. The firm forecasts Bitcoin could grow 25% annually, reaching $42.3 million and representing 18% of global financial assets by then.

Bitcoin bull Michael Saylor has pitched a US crypto framework, saying a strategic digital asset policy can strengthen the dollar and neutralize the country's national debt.

Trump's pro-crypto agenda gains traction with new Crypto Council appointments, aiming to foster innovation in digital assets.

One of the architects of El Salvador's state-run Chivo crypto wallet has claimed the government should shut the app down. The post Chivo Architect Says It's Time to Shut Down El Salvador Bitcoin Wallet appeared first on Cryptonews.

Bitcoin price extended losses and traded below the $100,000 zone. BTC is showing bearish signs and might continue to move down toward the $91,200 support zone.

VanEck has said a US Bitcoin reserve could majorly slash the national debt if the cryptocurrency grows to $42.3 million a coin by 2049.

At this crucial point, XRP is testing the 26 EMA, a key support level that could dictate the asset's short-term course. After weeks of erratic price action, XRP is now at a critical juncture trading close to $2.28.

On Sunday, President-elect Donald J. Trump revealed that Stephen Miran, who previously served during Trump's first term, will helm the Council of Economic Advisers. Miran is seen as a pro-bitcoin ally, openly advocating for cryptocurrencies' role in driving both innovation and economic progress. Trump Taps Stephen Miran to Shape U.S.

Rumors are swirling in the cryptocurrency sector that the United Arab Emirates (UAE) reportedly holds over $40 billion in Bitcoin.

Bitcoin's recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.

Bitcoin has been on a correction path since it reached a new all-time high of $108,135 on December 17. Notably, this correction has seen the leading cryptocurrency decline by about 10% up until the time of writing and even breaking below $93,000 very quickly.

Rich Dad Poor Dad author Robert Kiyosaki believes that the world is in trouble amid a financial system that runs on inflation and currency debasement. Kiyosaki tells his 2.

Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online exchange with Jeff Bezos on X. The Amazon founder found himself in the headlines after firmly rejecting claims he was planning a $600 million wedding with fiancée Lauren Sanchez next weekend in Aspen, Colorado.

Anthony Scaramucci, founder of SkyBridge Capital, has dismissed concerns surrounding Michael Saylor and MicroStrategy Inc., suggesting fears of a potential collapse due to Bitcoin's (CRYPTO: BTC) volatility are exaggerated. What Happened: In an interview on Friday, Scaramucci pointed to Saylor's long-term debt strategy as evidence of MicroStrategy's resilience.

The government of El Salvador has clarified that it will continue pushing bitcoin as part of its economic strategy, even as it inked an agreement with the IMF to wind down its bitcoin operations.

Bulls remain in control of the cryptocurrency space even as the fear & greed index eases to a neutral level of 59 as at the time of writing. Analysts forecast an unparalleled bull run in 2025; an aspect that has pushed investors to look for profitable investment opportunities beyond Bitcoin.

VanEck, a leading asset management firm, has recently projected that the United States could significantly cut its national debt by as much as 36% by 2050 through adopting a Strategic Bitcoin Reserve.

MicroStrategy co-founder Michael Saylor has suggested that suggested that Amazon founder Jeff Bezos should consider buying $100 million worth of Bitcoin instead of splurging all this cash on a lavish wedding.

Binance founder Changpeng Zhao has triggered a discussion about cryptocurrency adoption in the UAE after sharing claims about the nation's Bitcoin holdings.

Google's new quantum chip, Willow, drastically reduces computation times.

Crypto analyst Anthony Pompliano, founder of Pomp Investments, remains optimistic about Bitcoin (CRYPTO: BTC) despite its recent drop below the $100,000 milestone. What Happened: In a recent interview with FOX 5, Pompliano predicted that "2025 will continue to be a great year for Bitcoin.

If the United States boldly leaps into action with a strategic bitcoin reserve under the Trump administration, this daring move could spark a worldwide financial upheaval, crowning bitcoin proponents as the ultimate guardians of freedom in a crumbling fiat realm.

Bitcoin (BTC) is seeking to extend its impressive 2024 run into the new year, aiming to reclaim and establish its price above the $100,000 mark.

According to MicroStrategy co-founder Michael Saylor, the company currently holds 439,000 Bitcoin, valued at approximately $27 billion.

Bitcoin (BTC) has experienced a 5% dip over the past week. As of this writing, the leading coin trades at $96,905, below the key $100,000 price level.

Bitcoin price has had a strong performance this year as it jumped by 120%, beating popular assets like the Nasdaq 100 and the S&P 500 indices.

Crypto hedge funds post exceptional returns, Riot secures massive funding, and North Korean hackers set new crypto theft records in today's edition of the weekly recap.

Bitcoin has plunged 12% in the last five days since setting a new high, while Dogecoin and XRP have fallen hard after recent milestones.

Recent chatter in the crypto world has revolved around a bold claim that the United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion. Perhaps prominent crypto commentator Bitcoin Archive raises questions over this news citing the lack of evidence supporting this bold news.

On Sunday, Dec. 22, 2024, bitcoin's price dropped under the $96,000 mark, hitting a low of $95,135 per unit. This dip comes after bitcoin soared past the $100,000 milestone earlier this month, marking an impressive run for the cryptocurrency.

Quantum computing is not an immediate threat to Bitcoin, with current technology far from breaking its security. Bitcoin is preparing for the future by enabling upgrades like Taproot for easy integration of quantum-resistant tech.

U.S. Senator Cynthia Lummis recently reinforced the intention of extending faculties to the Federal Reserve to purchase and own bitcoin as part of its reserve assets. Lummis stated that the U.S. debt can be repaid through a bitcoin strategic bitcoin reserve, as proposed in her BITCOIN Act.