Bitcoin price extended losses and traded below the $93,500 zone. BTC is correcting gains and might struggle to recover above the $95,000 level.

While firms like Tesla are already in the S&P 500, VanEck's Matthew Sigel says Block Inc. could be the first company in the index with an “explicit strategy” for accumulating Bitcoin.

Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin's bullish structure, quickly reversed, driving the price down to a low of $92,500.

Bitcoin (BTC) has faced a tough start to 2025, with the cryptocurrency's price dropping below $95,000 on January , leading to significant outflows from spot Bitcoin exchange-traded funds (ETFs). As Bitcoin's value briefly hit $92,500, nearly $570 million was withdrawn from ETFs, marking the second-largest daily outflow on record.

James Howells, a Welsh IT engineer from Newport who lost his Bitcoin hard drive in a landfill in 2013, lost his legal battle today to access the site to recover the cryptocurrency.

Bitcoin has reversed its early-year gains, retreating to levels seen a week ago, even as bullish sentiment persists in the Deribit options market, CoinDesk reported on January 9. After shaking off Decembers bearish mood, Bitcoin began the year with a rally toward $100,000.

Bitcoin fell to a one-month low of $91,000 early Tuesday, reflecting market anxiety ahead of the U.S. December jobs report. With U.S. stock markets closed for the state funeral of former President Jimmy Carter, cryptocurrency markets bore the brunt of economic uncertainty.

Market fears over a potential sell-off of Bitcoin seized by the U.S. government from the dark web marketplace Silk Road are exaggerated, according to an analysis by CoinDesk senior analyst James Van Straten. Recent reports revealed that the U.S. Department of Justice (DOJ) had obtained the authority to sell 69,370 BTC (approximately $6.5 billion) confiscated from Silk Road.

El Salvador, the first country to adopt Bitcoin as legal tender, has once again increased its cryptocurrency holdings with the purchase of 11 BTC. This move, confirmed by President Nayib Bukele via a tweet on January 8, 2025, highlights the government's continued commitment to Bitcoin, despite fluctuations in the global market.

The registered crypto trading firm allegedly stole “hundreds of millions of baht” from electricity providers, coming out to at least $2.88 million.

The on-chain analytics firm Glassnode has revealed the level Bitcoin would have to rise to if it has to reach the historical top zone in this pricing model. Bitcoin Hasn't Surpassed Last MVRV Pricing Band Yet In a new post on X, Glassnode has talked about the extreme euphoria threshold of the Bitcoin Market Value to Realized Value (MVRV) Pricing Bands.

Bitcoin's recent drop of 5%, falling to $95,000, has left many investors scratching their heads. This isn't just another routine market shakeout where weak hands are flushed out.

On Thursday, bitcoin, the leading cryptocurrency, descended to an intraday low of $91,215, reflecting a decline exceeding 3% against the U.S. dollar. The collective valuation of the crypto economy contracted by 2.5% in the past 24 hours, settling at $3.22 trillion.

CryptoQuant believes the US government selling $6.5 billion in Bitcoin confiscated from Silk Road would not have an adverse impact on the market if sold via over-the-counter (OTC) desks, according to a Jan. 9 report. The Bitcoin (BTC) stash is currently worth roughly $6.

Despite the recent Bitcoin price crash, crypto analyst TradingShot has suggested that this is not the end of the road for the flagship crypto. This came as he revealed why BTC could still rally to as high as $200,000 in this market cycle.

Russia has “started” selling the Bitcoin it seized during a 2023 probe into the Infraud hacker group. The move suggests Moscow hopes to trade over BTC 1,000 for fiat. The post Moscow Bitcoin Selloff: Russia ‘Begins to Sell' Coins Seized in BTC 1,032 Infraud Haul appeared first on Cryptonews.

Bitcoin, the world's leading cryptocurrency, has been making waves in the investment sector, and some believe it's evolving into something even more significant: a benchmark for the new digital economy. Anthony Pompliano, CEO of Professional Capital Management, recently compared Bitcoin to the S&P 500, suggesting that the digital asset has become the preferred benchmark for younger investors.

Recent declines in Bitcoin's price have been followed by negative sentiment across several on-chain metrics that are crucial in determining its next trajectory. With key metrics witnessing a decrease, there are speculations that the flagship asset might see an extended drop in its price.

Thai authorities confiscated 996 Bitcoin (BTC) mining rigs in Chon Buri province, accusing operators of illegally siphoning electricity to power the energy-intensive machines. The raid, conducted on Jan. 8 in the Phanat Nikhom district, highlights growing concerns about the misuse of public utilities for crypto mining operations.

It's not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume.

It's like a dark cloud has hovered over Bitcoin, with back-to-back factors signaling an imminent crash.

Bitcoin has fallen to a low of $92,508 on January 8 after previously hitting $102,357 on Monday, marking almost a 10% retreat in a matter of days. The immediate catalyst appears to be the January 7 spike in US Treasury yields, with the 10-year rate hitting 4.67% following an unexpectedly strong ISM Prices Paid Index and higher-than-anticipated JOLTS job openings.

In 2024, Bitcoin mining saw big advancements and tough challenges. Miners adopted new technology, used renewable energy, and even expanded into fields like AI.

The U.S. government has just made a significant move in the cryptocurrency market by liquidating 69,370 Bitcoins, worth approximately $6.7 billion. This action, authorized by the U.S. Department of Justice (DoJ), has raised questions among investors about the potential for a major price drop.

Bitcoin investors withdrew near-record amounts from spot BTC ETFs as BTC dropped 2.3%, reflecting market caution. Bitcoin recorded the highest ETF inflows in 2024, driven by strong institutional interest.

A decade-long legal battle over a lost Bitcoin fortune has ended in disappointment for James Howells, an IT engineer from Newport, Wales.

A closely followed crypto analyst says that Bitcoin (BTC) could see a sharp decrease if it fails to hold a crucial zone of support.

Bitcoin (BTC) and Ethereum (ETH) are entering a period of usual bullish gains. The question remains whether the two leading assets can extend the positive results of 2024 in Q1 of 2025.

Strong economic data and a slumping bond market have called into question the idea of any rate cuts this year.

CleanSpark has achieved a major milestone, surpassing 10,000 BTC in its treasury with 236% YoY growth in holdings. Supported by 668 BTC mined in December and operational expansion, the company is now the fifth-largest corporate Bitcoin holder, surpassing Tesla. The post Bitcoin Miner CleanSpark Achieves 10,000 BTC Treasury, Marks 236% YoY Growth appeared first on Cryptonews.

Cryptocurrency markets are trading lower amid looming tensions of reduced expectations of Federal Reserve interest rate cuts and a potential massive BTC sell-off from the U.S. government. Cryptocurrency Price 24-Hour Gains +/- Bitcoin (CRYPTO: BTC) $91,400 -2.7% Ethereum (CRYPTO: ETH) $3,172 -3.2% Solana (CRYPTO: SOL) $182.4 -6.5% XRP (CRYPTO: XRP) $2.28 -1.4% Dogecoin (CRYPTO: DOGE) $0.3181 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00002088 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.6% and daily active addresses remaining relatively flat.

The cryptocurrency market recently experienced a major shake-up when Bitcoin (BTC) plummeted below the $100,000 mark. This unexpected crash sent shockwaves through the altcoin market, causing significant losses for many cryptocurrencies, including XRP.

Thai authorities recently dismantled a large illegal Bitcoin mining farm in Chonburi province, seizing nearly 1,000 mining machines and uncovering an electricity theft scheme that caused massive financial losses and strained the local power grid.

CleanSpark, a leading Bitcoin mining firm, has surpassed 10,000 BTC in its corporate treasury, according to a Jan. 9 statement. The firm said it now holds 10,097 BTC, which were sourced entirely from its US-based mining operations.

A look at Bitdeer's operational update revealed a drop in its mining output in Dec. 2024, although its bitcoin holding remains healthy. Bitdeer Repays $10 Million Principal Balance on Senior Notes Despite Drop in BTC Production Bitdeer's latest mining and operational update showed that its self-mining output in Dec.

The U.S. government approved the sale of 69,370 BTC seized from the Silk Road marketplace less than two weeks before Trump's inauguration.

Bhutan's Gelephu Mindfulness City experiments with Bitcoin, Ether, and BNB in its reserves.

Bitcoin's ability to hold the $100,000 is being suppressed by rising treasury yields and a strengthening dollar. Is the “Trump trade” ending?

Binance Exchange is in the spotlight as the trading platform that dominated Bitcoin (BTC) and Ethereum (ETH) outflows in the past year. According to CryptoQuant analyst Crazzyblockk, the trading platform set a new benchmark for exchange activity.

Core DAO initial contributor Rich Rines joins CoinDesk to discuss the recent movements across the crypto market as the industry saw over $300 billion wiped out since Jan. 6. Plus, his 2025 outlook for the broader digital assets market and the "super cycle" we are in.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Seoyoung Kim, associate professor of finance at Santa Clara University, explains where U.S. crypto regulation stands and how it stacks up to other rule-making in other regions around the world.

Bitcoin's recent price woes near $92,000 are short-term, and one analyst says traders should ignore the market noise.

James Howells, who is infamously known for having accidentally thrown away a hard drive containing 8,000 Bitcoin (CRYPTO: BTC), has suffered a new setback in his quest to reclaim his fortune. What Happened: A high court ruling by Judge Keyser KC has dismissed James Howells' legal claim to recover the hard drive, citing no “reasonable grounds” for bringing the claim and “no realistic prospect” of winning it.

Law enforcement in Thailand's Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan.

Grayscale Investments adjusts its fund portfolios, allocating 90% of its Digital Large Cap Fund to Bitcoin and Ethereum. Quarterly rebalancing impacts DeFi and AI funds, introducing Curve and Livepeer while removing Avalanche and Synthetix. Grayscale ETFs continue to face substantial outflows. The post Grayscale Adjusts Fund Holdings, 90% Allocation for BTC and ETH appeared first on Cryptonews.

CleanSpark, a Bitcoin mining company based in the United States, has recently mined more than 10,000 BTC in its treasury. As of January 9, 2025, when this report was written, the company is holding 10,097 BTC, all of which were mined.

A U.S. federal judge has granted approval for the Department of Justice (DOJ) to sell 69,370 Bitcoin, worth an estimated $6.5 billion. The Bitcoin, seized during the Silk Road investigation, was confiscated from the darknet marketplace after its closure.

Wallets holding the seized BTC from Silk Road were intact at the time of writing.