Russian firms are leveraging Bitcoin and digital currencies for international trade amidst sanctions.

The crypto market today has shown a slight decline in its valuation over the past 24 hours, with its market capitalization taking a fall of 0.79% to $3.4 trillion. This was accompanied by the trade volumes taking a shot of 11.80% to $118.37 billion. While the business incurred significant losses, the sentiments remained unaffected.

Bitcoin's journey from a niche digital currency to a global financial asset has been nothing short of remarkable. But could its value climb to an astonishing $500,000?

The Japanese Prime Minister said it is “difficult for the government to express its views” on implementing a Bitcoin strategic reserve.

Bitcoin investors and traders are always trying to perfectly time the market movement, however it is not possible for all. The reason? Understanding and deciphering the market sentiments. Though there are many indicators that help in predicting the movement, most of them are delayed, that is why they are called lagging indicators.

SBI VC Trade has taken over the assets of the hacked cryptocurrency exchange DMM Bitcoin, with plans to open accounts for DMM customers by March 2025. The post SBI VC Trade Acquires Assets of Hacked DMM Bitcoin Exchange, Customer Accounts to Open by March appeared first on Cryptonews.

The Japanese government is reportedly not ready to embrace the idea of adopting Bitcoin as a reserve currency.

On Thursday, Bitcoin rose as MicroStrategy announced it plans to sell more of its shares to amass new funds and spend more on digital currency. According to a recent Bloomberg report, the world's largest cryptocurrency was up 0.32% to $98,747 at 11:30 in Singapore, with an initial intraday peak of $99,876.70.

Ripple partner SBI Holdings' arm has recently seized an important deal with hacked crypto exchange DMM Bitcoin, to help its users recover funds. SBI VC Trade said that the exchange's customers will have their accounts ready by March 2025 following the transfer of custody assets.

Bitcoin's year-end rise to $100K has created a huge storm in the earlier stagnant market. With massive potential, the countries globally are planning to tap this trillion-dollar industry to support their economy.

The government of Japan has clarified its unwillingness to include Bitcoin in its foreign exchange reserves in response to Hamada Satoshi's question. According to a report by Coinpost, Prime Minister Ishiba Shigeru issued an official statement on 20th December in response to Senator (Rassho) Hamada Satoshi's question.

Japan stays cautious on Bitcoin as a reserve asset, citing volatility and legal constraints. PM Ishiba emphasizes the need for safety and liquidity in foreign exchange reserves. The post Japan Cautious on National Bitcoin Reserve, Citing Volatility and Foreign Exchange Rules appeared first on Cryptonews.

Digital assets are overseen by the Securities and Exchange Commission in Thailand. The Thai central bank still forbids crypto payments, despite lobbying from businesses and politicians.

Israel's securities regulator granted approval for six investment houses to launch hedge funds tracking Bitcoin's (CRYPTO: BTC) price on New Year's Eve, local media reported Wednesday. What Happened: The funds are all set to launch on Dec. 31, the last trading day of the year, after getting the regulatory go-ahead from the Israel Securities Authority, according to financial news platform Calcalist and Globes.

Russia is embracing bitcoin for international trade to bypass Western sanctions, signaling a strategic shift toward digital currencies to counter economic isolation and strengthen global partnerships.

A lesser-known crypto firm has bet on Bitcoin to hedge against CAD depreciation.

Runes transactions on the Bitcoin network have dropped to 1.67% of daily activity, down from over 50% earlier this year, with daily fees falling below $250,000.

Crypto prices today are showcasing a bullish trend as Bitcoin (BTC) touched $99,000, recovering from a low of $92,000. Major altcoins are also exhibiting positive momentum.

Thailand is considering a Bitcoin payment pilot project integrated into Phuket's tourism sector to attract tech-savvy visitors.

Bitcoin price started a decent increase above the $96,000 level. BTC might continue to rise if it clears the $100,00 resistance zone.

Bitcoin could hit $500,000 if governments consider strategic reserves, with mounting demand from ETFs, corporations, and institutions outpacing limited supply, driving prices sharply higher.

Bitcoin reserves on Binance have fallen under 570,000 BTC, the lowest level since January. Will history repeat itself?

Russian enterprises are using digital currencies for foreign commerce, according to the Finance Minister. Siluanov highlighted Bitcoin's significance in Russia's developing trade policy.

Bitcoin has made a considerable comeback over the past day hiking by 4.16%, signaling a favorable performance for BTC post Christmas

Bank of Italy's recent report has criticized Bitcoin P2P platforms and labeled them "crime-as-a-service."

On Dec. 25, 2024, at 3:30 p.m. Eastern Time as Christmas festivities unfold, bitcoin's price hovers at a cool $99,092 amidst the holiday's quiet market. Meanwhile, a treasure of 210 bitcoins, last touched over a decade ago and now valued at $20.6 million, has stirred into action.

Bitcoin futures data suggests bulls are ready to push BTC price back above $100,000.

Bitcoin's (BTC) accumulator addresses showed a sharp increase in demand during December, with 225,280 BTC in net acquisitions by these investors as of Dec. 23, according to CryptoQuant. The movement represents an 82.6% monthly increase.

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A crypto strategist who nailed the pre-halving Bitcoin correction earlier this year is warning that BTC may head lower as resistance continues to strengthen.

The Israel Securities Authority (ISA) just approved six Bitcoin mutual funds, all set to roll out on December 31. This is the first time Israeli investors will have access to Bitcoin-focused mutual funds.

The world's largest crypto exchange has backed a pilot scheme to introduce crypto payments for a tourist center in Thailand.

An analyst has explained how an important Bitcoin indicator is back to levels that may be considered healthy for a bull-market uptrend.

Bitcoin's recovery shows solid buying at lower levels, increasing the possibility of a break above $100,000 in the short term.

CryptoQuant CEO Ki Young Ju believes the US could feasibly offset a portion of its national debt by establishing a strategic Bitcoin (BTC) reserve, a move he describes as practical but politically challenging. Ki shared the analysis in a social media post on Dec.

Bitcoins current slump is expected to reverse as analysts eye a post-holiday rally above $105,000. Liquidity returning to markets and strong buyer signals are seen as key drivers, though resistance from ETF outflows could limit short-term gains.

The decline in Runes activity coincides with broader market dynamics and shifting investor focus.

The Finance Minister of Russia has reportedly confirmed that many companies in the country are now using Bitcoin (BTC) to engage in foreign trade and skirt Western sanctions.

Bitcoin is at the center of Russias evolving trade strategy as the country seeks to counter sanctions and reduce dependency on traditional assets. Finance Minister Anton Siluanov confirmed active cryptocurrency transactions, signaling an ambitious shift expected to expand in 2024.

Russia is increasing its use of Bitcoin and digital financial assets in international trade, as confirmed by Finance Minister Anton Siluanov, who cited new legislation allowing cryptocurrencies to facilitate foreign payments amid ongoing Western sanctions. The post Russia Expands Use of Bitcoin in Foreign Trade, Says Finance Minister appeared first on Cryptonews.

The speculations over a potential AVAX price rally soared as Avalanche founder Emin Gun Sirer drew parallels to Bitcoin's capped 21 million supply. Highlighting AVAX's maximum supply of 715.74 million and its deflationary mechanism of burning transaction fees, Sirer contrasts it with Ethereum's uncapped supply.

As Bitcoin stays below $100,000, attention is shifting to altcoins, with many expecting an altseason rally soon. VanEck analysts say “altcoin season” has started.

MicroStrategy, one of the pioneers of institutional investment in bitcoin, once again pushes the boundaries with a spectacular initiative: raising 42 billion dollars to strengthen its position in the crypto market. This bold plan, dubbed 21/21, marks a decisive step in its long-term strategy.

Russia is actively using Bitcoin and other cryptocurrencies to counteract the impact of Western sanctions on its economy, Reuters reported on Dec. 25. The report cited Finance Minister Anton Siluanov, who recently stated that Russian companies have begun to utilize digital currencies, particularly Bitcoin mined within the country, for international transactions.

Will Powell's resistance to Bitcoin reserves dampen Trump's vision?

On Christmas Eve, the 12 spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $338.38 million, while the nine spot ether ETFs enjoyed inflows of $53.54 million. Bitcoin ETFs Falter as Ether ETFs Rally in Market Tug-of-War Tuesday marked the fourth consecutive day of losses for the spot bitcoin ETFs, with $338.38 million leaving the sector.

Bitcoin delighted investors with a Christmas Eve surge, climbing from $92,300 to an intraday high of $99,400. The swift rally has reignited bullish sentiment as the price successfully held a critical demand level, signaling strength and positioning BTC to challenge the psychological $100,000 milestone.