Here is a 2-minute breakdown of everything important that happened in crypto today.

When someone sends bitcoin, nodes verify the sender has enough funds and hasn't tried to spend the same bitcoin twice.

Bitcoin exchange reserves have hit their lowest levels in years, with significant withdrawals from major cryptocurrency exchanges like Binance and Coinbase.

In the past 24 hours, the cryptocurrency market experienced a significant wave of liquidations, totaling more than $588 million.

After the historic approval of spot Bitcoin ETFs, the crypto market may soon welcome a new major investment product. WisdomTree, Bitwise, and Canary Capital have filed applications to launch a spot XRP ETF, as Ripple's native token has seen a spectacular rise of over 400% in the past month.

Bitcoin started to see increased inflows into centralized exchanges from Dec. 1, hinting at a potential selloff.

As attention shifts to altcoins, Bitcoin (BTC) has experienced a pause in the uptrend that has characterized the past month. Currently trading 3.8% below its record high of $99,540, questions are raised about the sustainability of this growth and the possibility of a correction as the year draws to a close.

Inflows into U.S. spot Bitcoin ETFs surged by over 90% on Dec. 3 compared to the previous day, bringing their total holdings closer to matching the Bitcoin stash attributed to founder Satoshi Nakamoto.

Bitcoin is currently showing a bearish signal in the short term, as expected. The price is forming a new pattern, and Bitcoin whales are closing large long positions. At the time of writing, Bitcoin is slightly trading above the $96,500 level and has slipped into the red zone.

According to data from CryptoQuant, Bitcoin (BTC) reserves on cryptocurrency exchanges have dropped to a multi-year low. This decline coincides with the ongoing bull market, which has pushed the digital asset's price closer to the $100,000 mark.

According to Bitfinex, Bitcoin's recent performance suggests potential growth beyond $100,000, driven by short-term demand catching up with long-term supply dynamics.

Roger Ver's lawyers urged a US judge to dismiss his tax evasion charges, marking his first court filing since his April arrest in Spain. The post ‘Bitcoin Jesus' Roger Ver Fights Tax Case, Claims Violation of Constitutional Rights appeared first on Cryptonews.

Cryptocurrencies have been gaining traction as institutional investors continue to show increasing interest, particularly through financial products like spot Bitcoin and Ethereum exchange-traded funds (ETFs). This trend was underscored on December 2, when Bitcoin and Ethereum ETFs saw significant inflows, signaling a shift in the financial landscape.

Bitcoin gives mixed signals as positive large holder and ETF flows kick off this week.

Despite a notable pause in its upward trend, Bitcoin (BTC) is approaching the landmark $100,000 mark, fueled by expectations of supportive policies for the sector from US President-elect Donald Trump. On Tuesday, the largest digital asset traded above the key $95,000 mark, acting as support for the past 24 hours.

The BlackRock Bitcoin ETF (IBIT) continues to hit new milestones and is approaching $50 billion in assets under management, in less than a year of launch. This makes IBIT one of the top three ETF launches for the year 2024.

Story Highlights The BTC price records a neutral price action for the third consecutive day. Bitcoin ETF breaks its inflow streak and loses $17.3 million in 24 hours. Technical indicators record mixed price sentiment. Despite increased price volatility, Bitcoin has displayed neutral price action this week.

High above the mundane operations on the ground, where physical equipment hums and hard drives spin tirelessly, a digital revolution is reshaping the mining of cryptocurrencies.

The investment is expected to help the firm top $300 million in revenue and produce 2% of the Bitcoin network's total hashrate.

According to data provided by cryptocurrency analytics firm Lookonchain, a whale with 2,700 BTC (more than $250 million in dollar terms) recently transferred all of its holdings out after 11 years of dormancy.

The cryptocurrency market is buzzing with optimism as Bitcoin (BTC) consolidates near $95,000, and altcoins like Tron (TRX) and Reserve Rights (RSR) post massive gains. With a global market capitalization climbing 1% to $3.54 trillion, today's crypto prices highlight a strong bullish trend.

Peter Todd reignited discussions about space-based Bitcoin mining in a recent blog post where he argued that it is technically feasible.

Japanese crypto exchange DMM Bitcoin is finally closing after a $320 million hack. The company attempted to recover customer assets for several months but is now transferring accounts to SBI VC Trade.

Hut 8 has argued a lawsuit from its shareholders arose “from a short seller's attempt to obtain a monetary gain on its short position” in the crypto miner.

Bitcoin has been displaying notable resilience in recent sessions, holding steady above the $95,000 support level despite a brief pullback. The cryptocurrency is currently consolidating between the $95,000 support zone and the $98,000 resistance level, with market participants on edge as Bitcoin attempts to clear this crucial barrier.

Data shows social media users aren't euphoric towards Bitcoin, XRP, and other top cryptocurrencies despite the market-wide surge, a sign that could be bullish for their prices. Positive Sentiment Vs.

Cryptocurrencies traded at big discounts in the South Korean market Tuesday but recovered amid intense political drama in the East Asian nation. What happened: Major coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) sharply fell in value on Upbit, South Korea's largest cryptocurrency exchange.

Bitcoin has experienced notable whale activity since the conclusion of the US election on November 5, with an increase in the volume of Bitcoin transferred to exchanges by active whale addresses. However, contrary to what one might expect, there hasn't been a significant surge in profit-taking activity among these large holders, a CryptoQuant analyst named onatt revealed in a recent post on the QuickTake platform.

What's driving MicroStrategy's relentless push toward acquiring more BTC?

Roger Ver, famously dubbed “Bitcoin Jesus,” is no stranger to controversy. Now, he's up against U.S. prosecutors who accuse him of dodging $48 million in taxes tied to Bitcoin sales. Ver isn't just denying the charges. He's calling the tax rules themselves unconstitutional.

A crypto analyst highlighted significant Bitcoin inflows to crypto exchanges from whales, who are still holding back on making any major moves.

Foundry, a major mining pool and a subsidiary of DCG, laid off 60% of its staff. These layoffs targeted the company's non-core functions, including its entire hardware team and a possible future sale of mining site operations.

The crypto prices remain bullish today, with Bitcoin (BTC) consolidating in the $93K to $96K range. Among altcoins, Binance Coin (BNB) surged 15%, reaching a new all-time high.

The US government recently moved a substantial portion of its Bitcoin holdings, amounting to $1.92 billion, raising concerns about the future of Bitcoin reserves under the upcoming administration. This transaction, which included $963 million moved to Coinbase, has reignited discussions on the potential for the US to liquidate its Bitcoin holdings before President Joe Biden leaves office, potentially undermining plans by President-elect Donald Trump to create a US Bitcoin Reserve.

Roger Ver is contesting a U.S. criminal indictment accusing him of evading $240 million in taxes from Bitcoin sales.

Virgin Voyages has become the first cruise line to accept Bitcoin, unveiling its 2025 Annual Pass. The pass, priced at $120,000, offers unlimited cruising for a year and exclusive amenities, targeting crypto investors and global travelers.

Marathon Digitals Growth: Driving Investor Confidence Bitcoin (BTCUSD) is currently consolidating after reaching a new all-time high of $93,483, with prices trading around $95,123. Both MicroStrategy and Marathon Digital Holdings (MARA) have significantly increased their Bitcoin holdings, reflecting strong institutional interest as Bitcoin approaches new highs.

Roger Ver is contesting a U.S. criminal indictment accusing him of evading $240 million in taxes from Bitcoin sales.

Bitcoin prices consolidate near the $95,000 level. BTC must clear the $96,500 resistance zone to attempt a fresh increase in the near term.

Roger Ver, a leading cryptocurrency advocate and early Bitcoin investor, has urged a US court to dismiss tax evasion charges filed against him. He is most popularly known as ‘Bitcoin Jesus' among his 745,000 followers on X (formerly Twitter).

Foundry, the world's largest Bitcoin mining pool, has sent more than 60% of its staff packing today.

Bitcoin has experienced a few days of ranging price action following its recent drop from $99K to $90K. The price is now holding above the $95K level, and this area is crucial in determining whether BTC will continue its ascent toward the $100K mark or retrace to find liquidity in lower levels.

CEO and Chairman of Bitcoin miner Marathon Digital, Fred Thiel, has called for grid operators and renewable asset owners to use Bitcoin mining to manage grid congestion due to excess energy. Thiel expressed this view in response to a recent report about excess energy being wasted by wind farms in the UK.

XRP fell to $2.27 as South Korea's martial law announcement rattled markets, but price recovery highlights robust investor demand.

Bitcoin price cooled off at the start of December, but several bullish catalysts support investors' belief that $100,000 BTC is around the corner.

In the latest episode of The Milk Road Show, Charles Edwards, founder of crypto hedge fund Capriole Investments, provided an in-depth analysis of Bitcoin's current state, its future trajectory, and the potential conclusion of the traditional 4-year Bitcoin cycle. Edwards posits that Bitcoin's journey to $100,000 could be the catalyst for an unprecedented price acceleration.

Altcoin season has arrived: From Dogecoin and XRP to Tron and even metaverse tokens, traders are seeking heady gains following Bitcoin's meteoric rise.

Japanese Prime Minister Shigeru Ishiba has expressed “caution” about scrapping the country's controversial crypto tax law. Ishiba has also suggested he will not be rushed into approving Bitcoin spot ETFs. The post Ishiba Lukewarm on Japanese Crypto Tax Reform and Bitcoin ETF Approval appeared first on Cryptonews.