Bitcoin (BTC) has once again experienced a highly volatile week, dropping to a weekly low of $97,700 on Monday before quickly recovering and surging above $105K in less than three days. The sudden rebound has reignited optimism among investors, with many now anticipating a continuation of the bullish trend.
Bitcoin exchange-traded funds in the U.S. recorded a significant jump in inflows, while Ether ETFs showed signs of recovery after three days of weak flows. According to data from SoSoValue, the 12 spot Bitcoin ETFs drew in $588.
The issuer of the USDT stablecoin has expressed concerns regarding the withdrawal of its crypto from European platforms. This decision, driven by the new MiCA regulation, could create a "disordered" market according to Tether and pose risks for European consumers.
The cryptocurrency market today has seen a minor correction, with the total market cap dipping by 1.8% to $3.69 trillion. Despite this, trading activity remains solid, with the 24-hour volume standing at $116.99 billion. The Fear & Greed Index cautions “Greed” at 76, reflecting continued investor optimism.
The SEC's “accelerated approval” grants NYSE Arca to list and trade shares of the hybrid Bitwise's fund that holds spot Bitcoin, Ethereum, offering dual crypto exposure. The post US SEC Approves NYSE Arca's Proposal to List Bitwise Joint Bitcoin and Ether ETF appeared first on Cryptonews.
Bitcoin is moving with macro conditions. If U.S. labor data signals weakness, the Fed may step in—potentially pushing Bitcoin higher.
On-chain data shows the Bitcoin long-term holders have shed a significant amount of the cryptocurrency from their holdings recently. Bitcoin Long-Term Holders Have Been Realizing Notable Profits Recently In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how supply has shifted between BTC short-term holders and long-term holders recently.
Bitcoin is becoming increasingly important in the financial strategies of U.S. states, with Illinois and Indiana leading the way in embracing the digital asset. Both states have recently proposed legislation aimed at incorporating Bitcoin into their financial plans, signaling a shift toward recognizing its potential as a valuable financial asset.
ECB President Christine Lagarde dismissed Bitcoin as a reserve asset due to liquidity and security concerns.
Grayscale, a leading name in the cryptocurrency asset management sphere, has introduced its newest investment product aimed at providing exposure to the Bitcoin mining ecosystem. Known as the Grayscale Bitcoin Miners ETF (MNRS), this exchange-traded fund is specifically designed to offer investors access to companies deeply involved in the Bitcoin mining industry.
BTC takes a breather as Trump's tariff threat bodes well for gold, and the uptick in Tokyo inflation supports BOJ rate hikes.
Illinois is moving toward Bitcoin adoption in state finance with a newly proposed bill aimed at establishing a Bitcoin reserve fund.
At the Plan ₿ Forum in El Salvador, stablecoin firm Tether announced its plans to integrate USDT into the Bitcoin Base Layer as well as the Layer 2 Lightning Network. Market analysts are hopeful that this would significantly expand Bitcoin ecosystem, increase BTC Layer 2 adoption, and expand stablecoin utility.
The crypto market will witness $10.31 billion in Bitcoin and Ethereum options contracts expire today. This massive expiration could impact short-term price action, especially as both assets have recently declined.
Crypto prices were jittery on Friday, but Bitcoin (BTC) remained resilient near the $104,000 mark. The global cryptocurrency market cap is down around 0.93%, reaching $3.54 trillion. This comes as the market awaits the release of the December US PCE (Personal Consumption Expenditures) inflation data on January 31.
The US Securities and Exchange Commission (SEC) has given initial approval for Bitwise's spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Fund (ETF).
Bitcoin (BTC) has been holding steady above the $100,000 mark, leading many investors to wonder whether the cryptocurrency has reached its market peak. However, one well-known crypto analyst, Credible Crypto, remains optimistic, suggesting that Bitcoin is currently in a “very healthy” consolidation phase and is well-positioned for further gains in the future.
Stablecoin issuer Tether has announced that its flagship USDT stablecoin, which boasts a market cap of $139 billion, has been launched on Bitcoin's Lightning Network.
Tether's latest move puts USDT directly on Bitcoin's infrastructure, allowing stablecoin transactions to settle faster and more efficiently via the Lightning Network.
Crypto Market Today, January 31: Bitcoin (BTC) and altcoins have again encountered a turbulent action right ahead of vital U.S. economic data release. As the PCE inflation data looms for Friday, traders and investors appear to be uncertain about the market's performance ahead.
The EU's MiCA regulations, which took effect for stablecoins, have led some exchanges to delist Tether's USDT. However, some experts argue that the new rules will ultimately benefit both stablecoin issuers and users.
42.26 million wallets held less than 0.01 BTC as of today.
Bitcoin (BTC) is showing signs of a major breakout, following a “perfect bullish retest” after the recent market turbulence. As the cryptocurrency market begins to recover, Bitcoin's price has surged, and many are wondering if a 10% upswing is on the horizon for February.
XRP rises amid ETF optimism, but SEC's appeal decision looms. Will the regulator retreat or double down on its legal battle?
In the past few days, Bitcoin (BTC) has withstood two key developments that could have derailed the cryptocurrency's bullish momentum. Given Bitcoin's resilience, analysts are now predicting a new BTC all-time high (ATH) in the coming weeks.
Rising USDT and USDC inflows, along with institutional and macroeconomic factors, are fueling Bitcoin's next big move.
The US Securities and Exchange Commission (SEC) has approved a key part of an application for a new exchange-traded fund (ETF) that would track Bitcoin and Ethereum, the two largest cryptocurrencies. Bitwise Asset Management's Bitcoin and Ethereum ETF aims to provide investors with exposure to both digital assets, weighted by their respective market capitalizations.
The U.S. Securities and Exchange Commission (SEC) has approved Bitwise's Bitcoin and Ethereum ETF, offering investors exposure to both cryptocurrencies. The approval, granted on an “accelerated basis” on Thursday, allows the fund to track both spot Bitcoin (BTC) and Ethereum (ETH) based on their market capitalization.
The energy woes of the Russian Bitcoin mining hotspot of Irkutsk are intensifying, with the region's Governor calling for a “year-round ban” on crypto mining. The post Governor of Russian Bitcoin Mining Hotspot Calls for Year-round Ban appeared first on Cryptonews.
Bitcoin price started a fresh upward move above $103,200. BTC is now correcting gains and might revisit the $102,000 support zone.
Fifteen years ago, Bitcoin was virtually worthless, with 14 BTC selling for just $0.01. Bitcoin historian Pete Rizzo recently highlighted this in an X post, noting, 15 years ago today, you could buy 14 Bitcoin for $0.01, $1.5 million today.
Lucien Bourdon, a Bitcoin analyst at Trezor, has criticized the European Central Banks (ECB) decision to reject the Czech Republics proposal to include Bitcoin in bank reserves. ECB President Christine Lagarde argued that reserves must be liquid, secure, and safe, deeming Bitcoin unsuitable.
The US securities regulator has given the initial nod to Bitwise's ETF tracking Bitcoin and Ether, weighted according to their relative market capitalizations.
A low-cost solo mining rig was used to mine a Bitcoin block on Wednesday, though they secured the $330K prize with a little help.
Tether, the crypto firm behind the world's largest stablecoin, is bringing its $140 billion USDT token to Bitcoin.
The U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF). This decision allows NYSE Arca to list and trade shares of the fund, which will hold both Bitcoin and Ethereum alongside cash reserves.
Bitcoin is poised for a sharp correction before surging to new highs in 2025, warns Arthur Hayes, citing tightening global liquidity and excessive market optimism.
Lightning Labs, the company behind Bitcoin layer 2 Lightning Network, is using the Taproot Assets protocol to integrate Tether's USDT stablecoin.
Lightning Labs, the company behind Bitcoin layer 2 Lightning Network, is using the Taproot Assets protocol to integrate Tether's USDT stablecoin.
Despite Bitcoin's growing adoption, ECB President Christine Lagarde signaled Thursday that member states are unlikely to follow suit.
Circle's bid to push its USD Coin (USDC) to the fore as a leading stablecoin option got a boost following the launch of the coin on the Aptos mainnet network. Aptos is a fast-growing layer-1 blockchain network, and the biggest compliment to its reputation could be its “Solana killer” nickname.
Texas is poised to be at the forefront of cryptocurrency adoptions through its ambitious legislative proposal. Lieutenant Governor Dan Patrick has an ambitious plan to set up a Bitcoin reserve for the state as part of his legislative priorities in 2025.
Michael Saylor is everywhere, and now he's on the cover of Forbes in an issue released Jan. 30. The 59-year-old CEO of MicroStrategy was pictured grinning under the bold title, “The Bitcoin Alchemist,” an iconic and very fitting name.
Illinois has proposed a plan to hold Bitcoin in a state fund for at least five years before selling or using it. The bill is still being reviewed.
Bitcoin bull Michael Saylor is now recognized as “The Bitcoin Alchemist” by Forbes Magazine.
The SEC approved a filing from NYSE Arca to list and trade shares for Bitwise's combined bitcoin and Ethereum exchange-traded fund.
The fund gives investors exposure feature exposure to both spot bitcoin and ether, weighted by market capitalization.