Bitcoin (BTC) has recently been showing signs of weakness, and investors are starting to wonder whether the cryptocurrency will experience a major price correction. With BTC struggling to gain significant momentum, analysts are speculating that Bitcoin could potentially fall to as low as $60K.
In a noteworthy development, the RLUSD stablecoin has seen an increase in trading volumes, rising by 106% in the past 24 hours. According to data from CoinMarketCap, RLUSD's trading volume has reached $39 million in the previous 24 hours, highlighting the growing traction of this stablecoin in the market.
2024 has been colossal for bitcoin, and with just a handful of days left in the year, its dominance now stands at 56.8% of the $3.29 trillion crypto economy. Back in January, bitcoin held a lower 50.3% of the market, which was then valued at $1.65 trillion.
Author of “Rich Dad, Poor Dad” and Bitcoin (BTC) enthusiast Robert Kiyosaki has backed the premier cryptocurrency to attain a $350,000 price mark in 2025. This daring prediction comes alongside slamming comments against asset manager BlackRock whom Kiyosaki accuses of trying to manipulate BTC's price.
Last time such a swift, decisive uptick occurred was in December 2020 - January 2021, and also right until early 2022.
The price of VERUM and PHALA has shown double-digit gains, while Bitcoin has retraced to the $94,000 level. The global crypto market cap is not trading at its best shape, losing 2.11% in market cap over the last day.
Bitcoin had a big year: ETFs, institutional adoption, political battles, and even meme coins. Here's a lack back at Bitcoin in 2024.
Bitcoin is navigating turbulent waters as its price continues to slide, searching for a stable support level amid growing uncertainty. The current downward momentum has sparked concerns among investors and analysts, with many questioning whether Bitcoin has reached its cycle top.
American ETP issuer ProShares has made another decisive move to expand its Bitcoin ETF products suite. The asset manager has applied to list three new Bitcoin-linked ETF products, with stock market native products as reserves.
The cryptocurrency market has been filled with uncertainty, but recent movements suggest that Ethereum (ETH) may be preparing for a comeback. With the growing interest in Ethereum-based Exchange-Traded Funds (ETFs), Ethereum is seeing a surge in investment that could signal the beginning of a positive shift.
As December comes to a close, the crypto market is in a cool-off phase. Bitcoin (BTC) has dipped to trade at $94,000, and Ethereum (ETH) has fallen to the $3,300 range.
Seasoned trader Peter Brandt has shared two charts that hint at the next possible move for XRP price.
Amid bearish crypto market conditions, Ethereum's price risks a steep correction due to a spike in ETH held on crypto exchanges and an uptick in profit-taking. If this selling pressure continues to increase, ETH could drop as low as $2,600.
ProShares has submitted an application to launch Bitcoin hedge ETFs tied to the S&P 500, Nasdaq 100, and gold.
XRP has been consolidating under key resistance for over a month, frustrating investors as the altcoin struggles to gain upward momentum.
Ethereum trades at $3,352, consolidating in a symmetrical triangle pattern. Learn how key levels at $3,350 and $3,221 could shape ETH's next move. The post Ethereum Drops to $3,345 While Technical Pattern Hints at Next Breakout appeared first on Cryptonews.
Bitcoin (BTC) bull and author Robert Kiyosaki has shared an interesting theory regarding the asset's current price struggles below $100,000 as the flagship cryptocurrency faces increased volatility.
The market has turned to red again, according to CoinStats.
Bitcoin's exchange reserves rose while netflows turned positive.
Bitcoin's growing prominence is no longer limited to individual enthusiasts or retail investors; companies are now integrating the cryptocurrency into their financial operations.
Bitcoin and the broader cryptocurrency market are grappling with a significant downturn, with the risk of a deeper correction looming. After reaching an all-time high of $108,300, Bitcoin's momentum appears exhausted, and bearish sentiment has dominated the market.
With Bitcoin (BTC -2.42%) hitting new all-time highs and breaking through the $100,000 price level in December, it's perhaps no surprise that many investors are exploring the pros and cons of adding this cryptocurrency to their portfolios. But just how much of your portfolio should you be allocating to Bitcoin?
Galaxy Research has shared its year-ending big predictions for 2025, expecting Bitcoin to go over $150,000 and Ethereum to grow even stronger. The report also talks about big changes in DeFi, stablecoins, and how institutions might embrace crypto in the coming years.
Today marks a monumental day in the realm of institutional cryptocurrency investing.
Bitcoin's Kimchi Premium has surged in South Korea, reaching its highest level since March 2009 amid the country's deepening political crisis and economic uncertainty.
Could a U.S. Federal Bitcoin Reserve push Bitcoin to $1 million? Learn how this transformative event could reshape the crypto market and global economy. The post Federal Bitcoin Reserve May Push Bitcoin Price to 1 Million appeared first on Cryptonews.
The monthly record in ETF inflows was insufficient to lift Ether's price past the $3,500 resistance, which would trigger over $1 billion worth of leveraged short liquidations.
As Bitcoin (BTC) hovers around $92,000 and the critical $100,000 resistance level, the cryptocurrency market is rife with speculation about its next movements. Prominent crypto analyst Ali Martinez recently outlined potential scenarios for BTC's future, suggesting that a steep correction may be on the horizon.
As Bitcoin (BTC) continues to move sideways, investors wonder whether the flagship crypto will end the year positively or on a sour note. Some analysts suggest a close above recently lost levels could propel BTC's price to new highs.
Bitcoin nears oversold territory; potential retracement to $60K predicted. Mixed indicators suggest an uncertain trajectory; whales signal cautious market optimism.
As Bitcoin's value surpasses $100,000, luxury brands are increasingly adopting cryptocurrency payments to attract affluent, tech-savvy consumers and diversify their revenue streams. French department store Printemps has partnered with Binance and fintech firm Lyzi to accept Bitcoin and Ethereum, becoming the first European department store to do so.
A widely followed crypto strategist and trader is issuing a warning about Bitcoin as BTC hovers around $94,000. Pseudonymous crypto trader Altcoin Sherpa tells his 236,300 followers on the social media platform X that Bitcoin is lacking strength on the monthly chart after falling about 13% from its all-time high witnessed earlier this month.
Robert Kiyosaki, celebrated author of Rich Dad Poor Dad and a long-time advocate for financial independence, has once again captured headlines with a bold forecast for Bitcoin. According to Kiyosaki, the cryptocurrency could soar to an astonishing $350,000 by 2025.
While speculation is running high about the institutional adoption of bitcoin, Galaxy Research tempers expectations. According to the report published on December 27, the U.S. government will not buy bitcoin in 2025 but may explore new strategies regarding its existing reserves.
Bitcoin needs to hold above $93k to avoid further correction.
The total crypto market cap is down by $150 billion in two days.
In 2025, the Ethereum (ETH) L2s ecosystem might finally solve all issues of cross-network interoperability and siloed liquidity. As explained by Ethereum (ETH) enthusiast who goes by @FigoETH, ERC-7683 "Cross Chain Intents" will be a game-changer.
Gold started the year at $2014, having itself a wonderful year amid several highs before hitting $2,719 in late November.
Charlie Gasparino, a New York Post columnist and FOX Business Senior Correspondent, recently appeared on Anthony Pompliano's podcast. Gasparino made harsh comments about the SEC's handling of the Ripple case, calling the regulation unnecessary. He discussed the possibility that the ruling might be reversed, potentially putting Ripple back under legal scrutiny.
The growing dominance of the stablecoin Tether in the crypto market could signal a significant correction for Bitcoin, according to a well-known expert on TradingView. This analysis comes as BTC struggles to maintain its upward momentum after its recent all-time high of $108,365.
Digital asset and blockchain company Galaxy Research, led by head of research Alex Thorn, has released a forecast for 2025, predicting significant price movements and regulatory changes across major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Bitcoin On Track For $185,000 By Year-End 2025 According to Galaxy Research, Bitcoin is poised to exceed $150,000 in the first half of 2025 and may reach or surpass $185,000 by the end of the year.
XRP News: In a recent interview, Fox Business correspondent Charles Gasparino's comments on Judge Torres's ruling in the Ripple vs. SEC case sparked a heated debate.
As the broader crypto market continues to tackle heightened volatility, Bitcoin ETF products also appear to have faced significant turbulence. Notably, recent market stats indicate that the US Spot BTC ETFs closed the week with $287 million outflows, raising market concerns amid BTC price dip to $94K.
Ripple (XRP) seems weak as it consolidates around $2.1, especially with Bitcoin crashing from its ATH. Due to BTC's steep correction and failure to recover, the outlook for altcoins looks bleak.
Solana (SOL) has faced a challenging price trend recently, with its decline halting, but the altcoin is struggling to reclaim $200 as support.
Robert Kiyosaki, investor and financial expert, also known for authoring a best-selling book on finances “Rich Dad Poor Dad”, has published a tweet about Bitcoin and BlackRock chief executive.
The Bitcoin market is experiencing a shift as major corporations integrate cryptocurrency into their financial strategies. Executive Chairman of Microstrategy, Michael Saylor, recently unveiled a detailed list on social media platform X, revealing the top 60 publicly traded companies with significant Bitcoin reserves.
The United States government is not expected to purchase Bitcoin in 2025, according to Galaxy Digital's head of research, Alex Thorn. The post US Government Unlikely to Buy Bitcoin in 2025, Says Galaxy Digital Research Head appeared first on Cryptonews.