Beijing isn't going to allow crypto exchanges to directly operate BTC in China, but there might be a way that Hong Kong crypto ETFs can be traded in the mainland.
Texas policymakers have roughly $24 billion in sovereign wealth as the State's Senate weighed passing Bitcoin reserve legislation.
Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) offering staking capabilities could significantly boost institutional engagement by putting idle assets to work, according to Charlie Hu, co-founder of Bitlayer, a Bitcoin Layer 2 solution provider. In an interview with Benzinga on the sidelines of Eth Denver on Thursday, Hu highlighted the potential regulatory approval of staking ETFs as a pivotal development, emphasizing their role in activating Bitcoin held in custody for yield generation.
The funds based on Bitcoin's spot price have been shedding assets as markets shy away from crypto and other risk-on investments.
The chief executive of market intelligence firm CryptoQuant says the next few weeks are crucial for Bitcoin (BTC), revealing what his worst-case scenario for the crypto king would look like.
Custodia Bank fought to service crypto firms under the previous administration but faced resistance from US regulators.
Bitcoin (BTC) faced intense pressure last week, with its price falling below $90,000 for the first time since November 2024. It has lost 11% in seven days and is now trading below the important $85,800 level at the time of writing,
Cryptocurrency markets are struggling on Thursday as the market-wide downturn continues. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $83,057.97 -0.2% Ethereum (CRYPTO: ETH) $2,268.27 -1.2% Solana (CRYPTO: SOL) $134.86 +2.7% XRP (CRYPTO: XRP) $2.15 -1.3% Dogecoin (CRYPTO: DOGE) $0.2030 +2.3% Shiba Inu (CRYPTO: SHIB) $0.00001430 +2.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 6.6% and daily active addresses falling by 0.7%.
Former Goldman Sachs analyst Murad Mahmudov has predicted that the price of Bitcoin will surpass the $200,000 level.
Bitcoin's (BTC) selling pressure is potentially subsiding as traders register 12% in unrealized loss margins, according to CryptoQuant's head of research, Julio Moreno. Moreno added that this could potentially result in BTC getting stuck in a lateralization pattern for up to four months.
Texas' Bitcoin Reserve proposal was unanimously passed by the Business and Commerce Committee and will proceed to a Senate vote.
Kendrick anticipates Bitcoin reaching $200,000 by late 2025, emphasizing that institutional participation from major financial entities like Standard Chartered and BlackRock will be pivotal in that trajectory.
Bitcoin's breakdown is most likely a fourth wave, targeting $67500-77350, ideally, from which the next rally to $148500-185640 can start.
Despite recent setbacks and a significant selloff that brought Bitcoin to a three-month low, Standard Chartered maintains a strong bullish position on BTC market predictions. Geoffrey Kendrick, the head of digital assets research at the bank, forecasts that Bitcoin will climb to $500,000 before the conclusion of Donald Trump's presidency.
Crypto had plenty of reasons on its own to head lower, but now a general macro risk-off sentiment can be added to the mix.
Japan's Metaplanet raises $13.6 million via zero-interest bonds to fuel its Bitcoin investment drive, targeting a portfolio of 10,000 BTC by year-end 2025.This strategic decision underscores Metaplanet's commitment to diversifying its investment portfolio and capitalizing on the opportunities presented by the burgeoning cryptocurrency market. By issuing zero-interest bonds, the company is able to raise funds without incurring interest expenses, thereby maximizing its returns on investment. The post Japan's Metaplanet Issues $13.6 Million in Bonds to Acquire Additional Bitcoin appeared first on Cryptonews.
Bitcoin drops 20% from its peak as Peter Schiff predicts a crash to $50K. Security breach at Bybit adds to market fears. The post Peter Schiff Warns Bitcoin Could Crash to $50K – Should Investors Worry? appeared first on Cryptonews.
The Bitcoin (CRYPTO: BTC) staking industry could grow into a $10 billion market by the end of 2025, according to David Tse, co-founder of Babylon Labs, a key player in expanding Bitcoin's utility through staking innovations. Speaking in an interview with Benzinga on the sidelines at ETH Denver, Tse outlined a bullish outlook for Bitcoin staking, driven by its trustless nature and growing adoption across blockchain ecosystems.
Bitcoin, Ethereum, and other top cryptocurrencies are holding onto their recent losses, while Aptos surged following an ETF filing.
Market uncertainty and shifting institutional sentiment could lead to increased volatility, impacting investor strategies and Bitcoin's trajectory. The post Bitcoin on-chain indicators at bull-bear boundary, warns CryptoQuant CEO appeared first on Crypto Briefing.
Illicit crypto transactions exceeded $51 billion in 2024, significantly higher than previous estimates due to underreporting, according to blockchain analytics firm Chainalysis. The findings, published in the company's latest Crypto Crime Report, indicate a surge in AI-driven fraud, stablecoin laundering, and sophisticated cybercrime networks.
Litecoin (CRYPTO: LTC) has gained 12% over the past month, significantly outperforming Bitcoin, Ethereum and XRP, all of which are down. Traders are now eyeing further upside, especially with the ETF narrative gaining traction.
BTC strategic reserve legislation at the state level might prompt the US government to adopt a strategic reserve at the federal level.
Spot Bitcoin ETF outflows reached $3.4 billion in February, but one analyst says multiple data points suggest BTC is on the verge of a price reversal.
Out of 12 trading days since February 10, spot Bitcoin ETFs in the United States have recorded just $66 million in inflows but over $3.6 billion in outflows.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Michael Saylor, a co-founder of Strategy has taken to his account on the X platform to reveal his recent visit to the Financial Services Committee, where he talked about digital assets.
Spoofy and Metaplanet are buying Bitcoin on the dip: Genius strategy or manipulation? Full analysis in this article.
The crypto market has had a rough run in February, attributed to jitters over trade tariffs. US President Donald Trump exacerbated the sour sentiment on Thursday after threatening 25% tariffs on imports from the Eurozone.
Standard Chartered's head of digital assets research believes BTC will hit $200,000 this year and $500,000 before President Trump concludes his second term.
Bitcoin's (CRYPTO: BTC) decline over the past week has sparked a heated discussion among traders about whether the bull market has come to an end. What Happened: Crypto chart analyst Ali Martinez stated that the crypto king has entered oversold conditions first time since August 2024.
TL;DR The price of Bitcoin has fallen to $84,700 after a temporary spike to $87,000, affected by new trade tariffs between the U.S., Canada, and Mexico. Major altcoins, like Ethereum, BNB, and XRP, have suffered moderate losses, while Polkadot and Dogecoin have seen slight increases.
Crypto market uncertainty persisted as Bitcoin notched its biggest three-day slide since FTX's collapse while analysts pointed to further downside momentum.
Bitcoin's price dropped to $86,000 on Feb. 27 after struggling to maintain support at $88,000 for the past two days. The sudden price drop caused a swift and aggressive reaction across the market, with everyone from institutions to derivatives traders suffering losses.
Bitcoin's price has been steadily declining in recent days, despite growing enthusiasm among retail traders who continue to buy the dip. This has created a strong contrarian market dynamic, where prices are moving in the opposite direction of retail expectations.
BlackRock has deposited 5,100 Bitcoin worth $441.88M and 30,280 $ETH worth $71.85M in a series of transactions into Coinbase Prime. The transactions have sparked liquidation concerns among investors and crypto traders.
The Texas Bitcoin Reserve Bill, SB 21, has successfully passed the review stage within the Business and Commerce Committee. Following this approval, the legislation will now proceed to the Texas Senate for further consideration.
New research from River Intelligence reveals that Bitcoin is currently in the early stages of adoption, suggesting that the big things are yet to come.
Bitcoin is currently trading at $85,634, with a market capitalization of $1.69 trillion and a 24-hour trade volume of $68 billion, moving within an intraday range of $82,133 to $87,686 as technical indicators reflect a market struggling between short-term recovery and persistent bearish pressure.
BTC could repeat a historic rally after a drop.
As bitcoin price hovers around $86,000 Thursday, technical analysis suggests BTC could go as low as $74,000, while a "demand zone" suggests a support level around $82,000. CoinDesk's Christine Lee explains the short term volatility on "Chart of the Day.
Bitcoin miner MARA Holdings recorded a 37% revenue rise in Q4 2024, reaching $214.4M, fueled by Bitcoin's price gains. The firm mined 2,492 BTC, expanded its hashrate to 53.2 EH/s, and reinforced its holdings with a strategic BTC accumulation plan. The post Bitcoin Miner MARA Revenue Grows in Q4 2024 Due to Rise in Bitcoin Prices: Report appeared first on Cryptonews.
Bitcoin fell for a fourth straight day Thursday morning as U.S. spot-listed ETFs saw total outflows of over $750 million. Meanwhile, Bybit is pointing fingers at Safe wallet for their $1.5B hack and there are a few bright spots on the regulatory front with the SEC dropping investigations, most recently against Gemini.
Large Bitcoin holders have sold thousands of BTC in a week, sparking concerns about further downturns and volatility.
The Crypto Fear & Greed Index has sunk to a multi-year low of 10, plunging deeper into “Extreme Fear” territory.
Bitcoin halts a BTC price relief rally amid news that the US will go ahead with tariffs against both Canada and Mexico as planned, beginning in early March.
As prices continue to falter, speculation of the Bitcoin bull run coming to an end has gathered steam. However, Cryptoquant CEO Ki Young Ju argues that claims of a bear market are unlikely given current conditions, projecting a future price spurt.