Bitcoin price is under downward pressure and key metrics confirm bearishness. Here's why will struggle to BTC recover in the near-term.
The recent Bitcoin price action has been marked by a correction from its all-time high of $108,135 achieved just a week ago. Although Bitcoin has largely held up above the $90,000 mark, the correction has seen the cryptocurrency falling to as low as $92,500 in the past 24 hours.
After Bitcoin (BTC) hit a record high of about $108,000, the asset has retreated, facing the threat of dropping below the $90,000 support zone as hopes of a possible Santa rally fade.
XRP, SUI, and HBAR key technical patterns signal bullish breakouts, potential consolidation, and critical price targets as Bitcoin price stagnates.
As 2024 comes to a close, the cryptocurrency world has experienced a year full of milestones. Bitcoin surged past $100,000, Ethereum saw its ETF launch, and stablecoins further solidified their role in global finance. In addition to this Donal Trump-sized U.S. presidential victory and SEC's chair Gary Gensler to resign soon.
A solo Bitcoin (BTC) miner has defied the odds, successfully mining a block and claiming a significant six-figure reward. Amidst a high-risk market where many Bitcoin investors are exercising caution, this remarkable occurrence has captured the attention of the crypto community.
In yesterday's preliminary proxy statement with the SEC, MicroStrategy introduced a plan to increase authorized shares from 330 million to 10.33 billion as part of its $42 billion 21/21 Plan.
Mt. Gox's Bitcoin redistribution leaves the market balancing between sell-off fears and recovery hopes.
Brokerage firm Robinhood has no immediate plans to invest in Bitcoin, despite its growing focus on the crypto sector. The post Robinhood Will Continue Crypto Push But Won't Invest in Bitcoin: CEO appeared first on Cryptonews.
With Trump in office soon, 2025 is highly anticipated to be an exciting year for Cryptos. What are the top Bitcoin predictions and what is their impact on crypto?
Bitcoin struggles amid declining whale activity and institutional demand slowdown. A potential rally to $168K hinges on sentiment and market dynamics.
Bitcoin (BTC) continues to dominate the crypto industry, shaping adoption trends and influencing global finance. With 2025 approaching, institutional interest, government engagement, and retail adoption are driving its momentum.
Bitcoin ($BTC) is still following a local downward trend, and has now lost 13%, equal to $11,000, since the last all-time high of $108,000. Can $BTC now start to recover, or is there more downside to come?
MicroStrategy has convened this special meeting to allow shareholders to vote on about three proposals that will see to it that it achieves its goals.
MicroStrategy has proposed a substantial increase in its authorized shares to enhance its ability to pursue its Bitcoin-focused strategy. The post MicroStrategy Proposes Significantly Increasing Number of Shares to Buy More Bitcoin appeared first on Cryptonews.
The volatility on the crypto market is thinning out, as showcased by key liquidation figures. Data from CoinGlass pegs shows that this total liquidation has been at $240 million in the past 24 hours.
Since the start of this year, MicroStrategy Incorporated has witnessed a growth of approximately 426.00%. In the last two months alone, the market has surged by over 55.28%. Highlighting the enviable growth MicroStrategy achieved through its massive investment in Bitcoin, Michael J.
Options on spot bitcoin ETFs open the door for institutional investors, boosting market liquidity and institutional engagement, an analyst says.
TeraWulf is leasing 70 MW of its data center infrastructure to Core42 for AI services, diversifying its revenue as it faces rising Bitcoin mining costs and industry challenges.
Japanese police revealed Tuesday that hackers affiliated with the North Korean regime are likely behind the $307 million attack on crypto exchange DMM Bitcoin.
In a country famous for runaway inflation and a currency weaker than yesterday's promises, the peso has risen by over 40% against its trading partners' currencies this year.
Bitcoin has corrected by over 15% from its recent all-time high of $108K dampening hopes for a traditional Santa Claus rally this holiday season.
Cocoa, an unlikely commodity, has become the best-performing asset of 2024, surpassing bitcoin, the U.S. stock market, and other commodities such as gold. Experts predict that prices will likely continue to rise due to relentless demand and climate adversities.
The FBI, Japan's National Police Agency, and the Department of Defense Cyber Crime Center have confirmed that North Korean-linked hackers orchestrated the May 2024 $305 million breach of the Japanese crypto exchange DMM Bitcoin. A joint statement issued on Dec.
The odds of a Magnificent 7 company announcing Bitcoin adoption in 2025 have increased considerably to 77%, as per data on prediction markets. With BTC gaining mainstream adoption and special recognition by the upcoming Donald Trump administration, expectations have surged regarding the growing corporate adoption of Bitcoin.
Wall Street kicked off the week in a holiday rally, sending the S&P 500 up 0.73%. The Dow Jones Industrial Average climbed a modest 0.16% after early losses, and the Nasdaq Composite surged 0.98%, fueled by heavyweights like Nvidia, Tesla, and Meta Platforms.
Matador announced its plans to add Bitcoin and USD-denominated assets to its balance sheet. The company plans to allocate $4.5 million to Bitcoin purchase in December 2024.
SOL, AVAX, and LINK have posted notable gains from the larger-cap alts.
Cosmos Network developers have made significant moves with their crypto holdings, transferring 295.3 Bitcoin (BTC), valued at approximately $27.7 million, from funds raised during their 2017 Initial Coin Offering (ICO). This marks the first transfer of Bitcoin by the team in nearly two years, according to blockchain analyst Yu Jin.
The sustained outflows from Bitcoin ETFs reflect a growing sense of caution among institutional investors amid volatile market conditions.
The cryptocurrency world is buzzing with speculation following reports that the United Arab Emirates (UAE) may hold over $40 billion worth of Bitcoin. If true, this would make the UAE one of the largest institutional holders of the world's most valuable cryptocurrency, even surpassing Bitcoin reserves held by the United States and China.
Mercado Bitcoin, Brazil's largest cryptocurrency exchange, has integrated INJ, the native token of the Layer-1 Injective blockchain. According to a Dec.
Bob McElrath, former blockchain architect at Fidelity Investments, has poured cold water on the idea of creating a strategic Bitcoin reserve in the US, describing it as a "hopium hallucination."
MicroStrategy Inc. announced a special shareholder meeting on Monday to vote on proposals to support its $42 billion Bitcoin purchase plan. In a filing with the SEC, executive chairman Michael Saylor proposed increasing the company's authorized Class A shares from 330 million to 10.
A popular crypto analyst is issuing a warning about Bitcoin as BTC chops around the $90,000 range. The trader Ali Martinez tells his 102,400 followers on the social media platform X that Bitcoin could plummet more than 24% from its current value if it loses one key support range.
Bitcoin's been having a rough time lately. With its price dropping to $92,442, down 14.5% from its all-time high of $108,000, many are wondering if the much-expected “Santa Claus rally” will happen this year. While Bitcoin has shown some recovery to about $94,000, it's still down over 11% in the last week.
MicroStrategy's stock issuance expansion could significantly impact its Bitcoin acquisition strategy, potentially altering market dynamics. The post MicroStrategy shareholders will vote on proposals to boost stock issuance for Bitcoin strategy appeared first on Crypto Briefing.
After registering heavy losses in the past week, the crypto market received a relief rally in the last 24 hours, led by Ethereum (ETH), BNB, and Solana (SOL).
Spot Bitcoin exchange-traded funds in the United States saw their third straight day of outflows as Bitcoin struggled to recover to $100K following the Fed's hawkish rate cut. According to data from SosSoValue, the 12 spot Bitcoin ETFs recorded $226.
The crypto market today has been in a consolidation phase, with the total market cap lowering slightly by 0.95% to $3.32 trillion. This led to the trading volume seeing a positive increase of 2.05% to $152.63 billion, indicating growing interest from the market players.
Options expiry looks to stir things up in a market that appears highly leveraged to the upside, Deribit said.
MicroStrategy continued its aggressive Bitcoin buying strategy, acquiring 5,262 BTC at record prices, bringing its total holdings to 444,262 BTC.
Business intelligence firm MicroStrategy is doubling down on its Bitcoin strategy by discussing new financing options to fund the BTC purchase. As a result, the firm has announced a special meeting of shareholders to vote on proposals that aim at advancing the 21/21 plan.
Spot Bitcoin exchange-traded funds in the United States have been hemorrhaging assets over the past few days as institutional investors get rattled.
According to on-chain analyst Yujin, the Cosmos Network developers transferred 295.3 Bitcoins. It is the first large-scale transfer to be seen in almost two years.
BitMEX introduces XBTG25, a new Bitcoin futures contract, available from December 24, 2024. The contract will expire on February 28, 2025, broadening trading options for investors.
MicroStrategy co-founder Michael Saylor has defended the company's recent Bitcoin purchases, arguing that those who are not buying the largest cryptocurrency at the top are leaving the money on the table.