The cryptocurrency market has started the year off with a bang, seeing its market capitalization rise by more than $160 billion in the last 24-hour period, with the native token of the XRP Ledger standing out after surging more than 13% in that period. The cryptocurrency's rise builds upon a surge that started earlier.
Traders are stepping back from MicroStrategy (MSTR), the Nasdaq-listed company known for its leveraged exposure to Bitcoin (BTC). The shift in market sentiment marks a stark contrast to the once highly bullish outlook surrounding the stock.
BingX Labs, the innovative arm of BingX dedicated to identifying and nurturing promising blockchain ventures, announced its strategic partnership with Babylon, an innovative project in the Bitcoin DeFi and Layer 2 ecosystem.
Bitcoin price returned above $95k support and recorded its first successive three-day gain since mid-Dec. Is a retest of $100k in imminent?
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has had profound implications for Ripple and the wider cryptocurrency market. Attorney and XRP supporter John Deaton recently highlighted the significant damage caused to Ripple's business due to the lawsuit and revealed the complex interplay of industry leaders, competitors, and regulatory forces that have shaped this high-stakes conflict.
Bitcoin has had an impressive year in 2024, starting at $42,000 and closing near $96,670, marking an impressive 111% gain. This followed a 155% increase in 2023, making it two strong years in a row for the top cryptocurrency.
For many investors, 2025 seems like an extremely bullish year for the broader crypto market. But on the first day, Bitcoin (BTC) faces intense selling pressure on day one, which has raised concerns about the flagship cryptocurrency's ability to break above $95,000.
After a monstrous rally during the middle of Q4, 2024, the crypto markets failed to hold the elevated trend, compelling most cryptos to plunge and consolidate within a narrow range. The prices of Ripple (XRP) and Stellar (XLM) also faced a massive pullback that dragged them to the monthly lows.
Bitcoin (BTC) has steadied itself above $95,000 after suffering a year-end rout that drove the cryptocurrency to a low of $91,479 on December 30, before recovering to reclaim $95,000 and move to its current level of $95,413. BTC is up just over 2% over the past 24 hours.
Cryptocurrency analyst and trader Jason Pizzino is leaning bearish on Bitcoin (BTC). In a new video, Pizzino tells his 345,000 YouTube subscribers that Bitcoin is “probably going to see further downside” and is likely to remain below the all-time high of around $108,200 for a long time.
The Swiss Federal Chancellery, the key staff organization for the Swiss government, has greenlit the “Bitcoin Initiative,"
Metaplanet CEO Simon Georvich predicts a worldwide rush for Bitcoin accumulation if the United States adopts a Bitcoin Strategic Reserve. In a Jan. 2 post on X, Gerovich stressed the potential chain reaction a US move to embrace Bitcoin could ignite.
Bitcoin, the world's first cryptocurrency, remains at the forefront of the digital finance revolution. Yet, scalability has long been its Achilles' heel.
XRP has been showing some significant upside momentum recently. Although this move is primarily seen as a corrective bounce, it was expected. XRP has hit the target zone between $2.42 and $2.45. This target range was specifically selected based on Fibonacci levels, which have been pivotal in defining potential resistance areas.
In the last 24 hours, XRP rose 14%, holding $2.00 support with a bullish reversal pattern. Analysts forecast XRP could range from $1.35 to $2.50 in February 2025.
Ripple CEO Brad Garlinghouse is looking forward to 2025 with optimism, expressing excitement about the company's progress and its focus on practical applications for blockchain technology.
The price of XRP has wasted no time this year in showing extraordinary things on its charts. In the latest episode, the currently fourth largest cryptocurrency literally skyrocketed over 10% against Bitcoin (BTC).
The year 2025 is expected to be a particularly good year for BTC, with price forecasts highlighting a bullish scenario.
Satoshi Action Fund CEO predicts Bitcoin price to breach the $150,000 mark in 2025. Bitcoin year end price dip was due to large selloffs for tax purposes.
Bitcoin may be struggling to initiate a notable surge to revisit its current all-time high of $108,000, triggering speculations about its short-term outlook. Despite the waning price performances, many investors remain optimistic about BTC's prospects as indicated by key interest indicators.
The altcoin industry – led by Ripple Labs' XRP and Cardano (ADA) – has experienced a mild rebound as the global markets re-open for 2025.
Robert Kiyosaki, the renowned financial guru and the author of the best-selling book on funds management “Rich Dad Poor Dad”, has published a tweet about Bitcoin, mentioning the investment “prophet” and “Omaha oracle” Warren Buffett with great respect.
Bitcoin price has factored in a 2.01% increase in the last 24 hours. The cryptocurrency's daily trading volume depicts a 28.30% dip as per CMC data.
XRP and XLM are among the top gainers today.
After a prolonged correction, XRP appears ready for its next leg up. Key Support levels: $2, $1.6 Key Resistance levels: $2.8 1.
Here's why analysts believe that Trump's inauguration could be bad for BTC.
The crypto market is poised for a groundbreaking 2025, with predictions of Bitcoin reaching $150,000 and Ethereum surpassing $8,000.
As Bitcoin (BTC) kicks off 2025, its price has surged back to $95,750, bouncing up 3% after a dip to $91K. With the new year bringing fresh optimism, James Butterfill, head of research at CoinShares, predicts Bitcoin could soar as high as $150,000 in 2025! And that's not all—he envisions a long-term rise to $250,000.
Robinhood Markets Inc. (NASDAQ:HOOD) launched 2025 with a strategic customer engagement initiative, distributing $2.5 million worth of Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) to existing users during New Year's Eve, attracting active users to its platform during the holiday. What Happened: The company's CEO Vlad Tenev emphasized the promotion's focus on existing customer loyalty rather than new user acquisition.
Since its peak in November, Bitcoin's trading volume has drastically decreased with current volume levels falling by about 97%. Bitcoin has seen a slight increase in price, moving closer to the $96,000 mark in spite of this steep drop.
The return of the Bitcoin bull market — and new all-time highs — is "right around the corner," confident traders say.
The Syrian economy has been almost completely shattered by the ongoing multi-sided civil war in the country. The country's economic scenario worsened when the Assad regime, led by Bashar al-Assad, was ousted from the throne. Last month, a new transitional government took charge in the country.
The crypto market is showing encouraging signs as open interest in bitcoin reaches its lowest level in two months, suggesting a decrease in selling pressure. This development comes against a backdrop where BTC has been fluctuating around $95,000 since the end of December 2024.
Crypto analysts and industry observers are predicting that Ethereum will perform better than Bitcoin in the first three months of 2025.
A widely followed analyst is warning of a possible Bitcoin (BTC) correction in early 2025 as the flagship crypto asset enters its first post-halving year. In a new video update, crypto strategist Benjamin Cowen tells his 853,000 YouTube subscribers that Bitcoin may correct by double-digit percentage points in January based on historic precedence.
South Korean trading volumes supported an outperformance in XRP, as a CoinDesk analysis noted earlier this week.
Canadian mining firm HIVE Digital Technologies has reached 6.0 EH/s in operational hashrate, marking a 47% year-over-year increase. Bitcoin (BTC) miner HIVE Digital Technologies has hit a major milestone, reaching 6.
Bitcoin price has started the year on a positive note, indicating that investors are regaining confidence in the asset. Amid this, a flurry of market experts has set different price targets for the flagship crypto, which has sparked discussions in the market.
Samuel Kullmann, a member of Switzerland's parliament, is pushing for a constitutional referendum to include Bitcoin in the central bank's financial reserve.
Steno Research has projected a record-breaking year for cryptocurrencies in 2025, with Bitcoin (BTC) and Ethereum (ETH) expected to surge to unprecedented levels. The post Steno Research Forecasts Crypto Boom in 2025: Bitcoin and Ether Poised for New Highs appeared first on Cryptonews.
Yuxing Technology, a publicly listed company in Hong Kong, has made significant moves in the cryptocurrency market. Between July 25 and December 31, 2024, the company purchased 78.2 Bitcoin at an average price of $80,960 per unit, totaling $6.3 million. In order to fund this purchase, Yuxing has to sell 6.
Bitcoin experienced a notable rebound after falling to its lowest price in over a month, hitting $91,816 on Monday, according to CoinMarketCap data.
Payment tokens such as Ripple's XRP are surging today as an altcoin rally leaves lackluster Bitcoin behind.
On New Year's Day, Ripple released 500 million XRP tokens from its escrow account, in line with its monthly plan. This release, totaling over $1 billion in value, highlights the ongoing strategy Ripple has in place to distribute XRP over time.
As the crypto market gears up for the 2025 altcoin season, analysts are spotlighting Ripple, Hedera, and Rollblock as top contenders. #partnercontent
As Bitcoin (CRYPTO: BTC) trades near $95,000, PayPal Holdings Inc. co-founder Peter Thiel‘s framework for identifying market bubbles offers crypto investors a timely analytical tool, drawing parallels between historical manias and current market dynamics. What Happened: Speaking at the Yale Political Union in October Thiel outlined three key bubble indicators: extreme abstraction, unsustainable exponential growth, and psychosocial mania.
Accepting Ripple (XRP) ETFs is supposed to start a new chapter of institutional crypto investments. More general acceptance of this occurrence could trigger the explosion of some highly valuable tokens. Once XRP ETFs open in 2025, these five cryptocurrencies are poised to surge in value.
In a recent discussion Anthony Scaramucci, the founder of SkyBridge Capital, was asked about the possibility of a “strategic Bitcoin Reserve” for the United States. Scaramucci didn't shy away from the question, expressing confidence that it could become a reality.