Reports of the U.S. possibly liquidating most of its Bitcoin holdings seized from the Silk Road darknet marketplace may be more impactful for short-term traders than for long-term spot holders, according to a market analyst. What Happened: Pseudonymous cryptocurrency analyst Kun stated on X on Thursday that this type of news tends to cause mass liquidations in the derivatives markets due to increased volatility, but doesn't necessarily have a negative impact on the underlying value of the asset for spot holders.

TL;DR Large investors have accumulated more than 34,000 Bitcoins, valued at approximately $3.2 billion, following the recent price correction. Despite a 15% drop after reaching an all-time high, investors have seized the opportunity to buy BTC at prices below $95,000.

Bitcoin has been on a rollercoaster ride lately. It finally broke through the $100K mark in early December and peaked at $108K on December 17.

The Bitcoin market continues to see overhead pressures, but also sees a lot of support near the $92,000 level. Furthermore, we even have a couple of support levels underneath.

The crypto industry's support for Trump's inauguration suggests potential regulatory shifts favoring digital assets, impacting global markets. The post Circle joins Ripple, Coinbase to support Trump's inaugural committee appeared first on Crypto Briefing.

On Jan. 9, 2024, discussions have been buzzing within the crypto community regarding the potential sale of $6.49 billion worth of bitcoin (BTC) by the U.S. Department of Justice (DOJ). This speculation arises from a court ruling issued on Dec. 30, in which U.S. Chief District Judge Richard Seeborg sanctioned the forfeiture of 69,370 bitcoin.

BTC slipped to a 10-day low minutes ago.

Recently, the total cryptocurrency market has fallen below $3.2 trillion, losing over $300 billion since January 6. Bitcoin (BTC) is currently above $92,000, showing a trend of higher lows since December 30. Adding to the bearish sentiment, reports suggest the U.S. government has been given the greenlight to sell 69,370 BTC ($6.

Bitcoin network growth is set to take BTC price to seven figures within the next decade, says Timothy Peterson.

TL;DR Donald Trump has launched the “Trump Bitcoin Digital Trading Cards” NFT collection on the Bitcoin network through the Ordinals protocol. The collection includes 200 cards, available on Magic Eden, with special incentives for those who purchase 100 cards from the “Mugshot Edition”.

The price of popular cryptocurrency, XRP, eyes a major test in recent hours. After falling by 6.2% this Monday, two days ago, the price of XRP found a bottom at the 20-day moving average, which also serves as the median in Bollinger Bands indicator.

XRP, Ripple Labs' native token, appears weak and is likely to continue its downward momentum over the next few days due to bearish sentiment across the cryptocurrency landscape. As of today, January 9, 2024, XRP, along with other top assets, seems to be in decline.

Macro jitters have pushed back BTC to where it was a week ago. Still, bullish bets in options market remain as popular as ever.

Despite the relatively overwhelming optimism about Bitcoin's (BTC) prospects in 2025, with prominent price targets for the cryptocurrency ranging from $175,000 to above $800,000, it started the year with relative weakness.

Ripple's RLUSD appears set to take on industry leaders in the stablecoin space. Since its official launch on Dec. 17, 2024, RLUSD has gained traction among cryptocurrency traders.

Bitcoin price has crashed this week amid ongoing jitters about the bond market and a relatively hawkish Federal Reserve. Bitcoin (BTC) fell below $95,000, triggering a steeper sell-off among altcoins.

Ripple's XRP is at a pivotal point, trading near the critical $2.40 level. After shedding 5-6% in recent days, the cryptocurrency is showing signs of consolidation, drives speculation about its next move.

The Bitcoin price is recording the third consecutive bearish day after failing to hold the levels above the local highs at $102K. On the other hand, BTC saw nearly $568.8 million outflows as nearly 5,870 BTCs were sold during the last trading day.

The crypto market is buzzing ahead of the upcoming altseason and Donald Trump's inauguration. Amid rising positive sentiment, attention is on budget-friendly and promising altcoins, putting the spotlight on IntelMarkets (INTL). This new AI crypto is at the heart of the current market buzz with a projected 100x upside potential.

Bitcoin's recent drop from $102,760 to $92,500, sparked by stronger-than-expected U.S. job market data, has bloodstained the crypto market. The data signaled economic resilience, pressuring both equities and cryptocurrencies.

Officials estimate that the operation had illegally consumed electricity worth hundreds of millions of baht (millions of dollars).

Another publicly traded U.S. firm adds bitcoin to its balance sheet with Thumzup Media's $1 million purchase. Thumzup Wants to Hold 90% of its Liquid Assets in Bitcoin Thumzup Media Corp., a publicly traded firm in the U.S. announced the acquisition of 9.

Dogecoin (DOGE) is gaining much attention as experts speculate it will surpass industry titans like Bitcoin (BTC) and XRP. During bull markets, Dogecoin has shown remarkable performance, and because of Elon Musk's influence on the market, this token may see a drastic change in its course in the coming months, stated WIZZ, a cryptocurrency analyst.

The total market capitalization of the cryptocurrency space has dropped by more than $60 billion over the last 24-hour period over a combination of factors, including reduced expectations of Federal Reserve interest rate cuts and a potential massive BTC sell-off from the U.S. government.

Bitcoin, the world's largest cryptocurrency, has encountered a sharp reversal, with its price dipping below $95,000 today, following a brief surge above $102,000 earlier this month. The sudden drop has raised concerns among market participants, prompting analysts to delve into on-chain data to identify underlying factors.

In a recently published tweet, Ripple president Monica Long has talked about Ripple's recent hot new thing RLUSD after talking to Bloomberg Crypto about it the other day.

The trading pairs available to users include RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.

Cryptocurrency analysts of Coinidol.com report, Ripple (XRP) price has returned above the 21-day SMA and has reached a high of $2.50.

Bitcoin's price fell over the past day as markets reacted to the Fed's December meeting minutes, which signaled a slower pace of rate cuts.

Analysts downplayed the recent BTC decline as a typical January pullback during the post-halving year.

Babylon has launched its Phase-2 testnet, bbn-test-5, set to begin block production on January 8, 2025.

According to a report by Fidelity Digital Assets, the rising nation-state and government adoption of Bitcoin (BTC) will be one of the major factors driving the premier cryptocurrency's growth in 2025. The report notes that 2025 will be a pivotal year for BTC adoption.

Bitcoin's price has once again experienced a downturn over the last few days, as the market has failed to hold above $100K. This price action has caused a lot of uncertainty among market participants.

Whether the market has finally reached its bottom has come into question in light of Bitcoin's recent decline to $93,224. Though the strength of this support will be determined in the next few hours, indications of demand are beginning to appear due to notable changes in the Binance spot order book during the sell-off.

The hard drive containing over 8,000 Bitcoin was mistakenly disposed of in a landfill in 2013.

Gelephu Mindfulness City, Bhutan's Special Administration Region, has revealed plans to include Bitcoin (BTC), Ethereum (ETH), and BNB in its strategic reserves.

A new analysis from financial services giant Fidelity suggests a new wave of inflation in 2025 could benefit Bitcoin (BTC).

Bitcoin has had a dull start of the year, with its price moving further from its all-time high of $108,000. One potential catalyst for the coin will be Donald Trump's approval of strategic Bitcoin reserves, a move that will benefit other cryptocurrencies.

Bitcoin (BTC) has run into a huge headwind, as the U.S. Justice Department recently received clearance to sell a massive chunk of around 69,000 $BTC, seized from the Silk Road marketplace. What will the potential impact be of such a large sale?

Record outflows signal growing investor concerns over macroeconomic conditions and Bitcoin's short-term outlook.

There has been no new tech in money in centuries, until code money, bitcoin. Is the United States ready, is bitcoin ready, for that new money to begin the process of becoming old money?

Ripple's president, Monica Long, has drives optimism in the cryptocurrency community by stating that XRP exchange-traded funds (ETFs) could soon follow Bitcoin (BTC) and Ethereum (ETH) ETFs in gaining approval. Her comments, made during a recent Bloomberg interview, suggest that the regulatory environment might be turning favorable for XRP and other altcoins under the new U.S. administration.

After a strong start to the new year that saw Bitcoin reclaim the $102K level, the original digital asset is struggling to maintain momentum as Bitcoin fell as much as 10 % to hit $93k on 9 Jan. While, Bitcoin holders offloaded their spot Bitcoin ETF in the United States recorded their second-highest daily outflow.

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs faced substantial net outflows of $742 million on Jan.8. Bitcoin ETFs led the decline, recording $583 million in outflows, with Blackrock‘s (NASDAQ:IBIT), Fidelity‘s (CBOE: FBTC), and Ark & 21Shares (CBOE: ARKB) contributing $124 million, $258 million and $148 million, respectively, according to data from SoSo Value.

MicroStrategy stock price is under pressure as Bitcoin declines below USD 95K. However, the company's portfolio make a strong case.

Currently valued at around $6.5 billion, this Bitcoin was confiscated after law enforcement shut down the Silk Road. The platform was infamous for illegal activities and was dismantled in 2013.

XRP has experienced significant price fluctuations over the years, capturing the attention of investors and analysts alike. Market expert CryptoBull recently highlighted the historical pricing trends for purchasing 10,000 XRP tokens and shared predictions for 2025.

The broader cryptocurrency market is facing liquidation amid a decline in the prices of digital assets. CoinGlass data shows that liquidation across different exchanges amounted to $483.61 million in the last 24 hours.