After experiencing bearish declines and volatility, Bitcoin (BTC) is finally looking bullish, with a crypto analyst forecasting a breakout to a new all-time high target. After identifying a Cup and Handle pattern on the Bitcoin chart, the analyst announced to investors and traders that now may be the time to buy BTC.

The cryptocurrency business has resumed its trade today on a positive note, despite the latest CPI numbers being a pain point. Talking about numbers, the total market cap has shot up by 3.10% in the past 24 hours to $3.22 trillion. The trading volume has risen by 22.27% to $129.

One of three newly appointed directors to the board includes Jaime Leverton, the former CEO of Hut 8.

Ripple's XRP has drifted to the green zone and has posted decent gains in the last 24 hours. The price is now eyeing to break the $2.50 mark and is now bouncing from an important support zone.

Cathie Wood, CEO of ARK Invest, has recently emphasized an increased likelihood that Bitcoin could hit $1.5 million, thanks to rising interest from institutional investors.

Institutional adoption and increasing investor confidence are strengthening Bitcoin's long-term trajectory, with ARK Invest CEO Cathie Wood reaffirming a $1.5 million price target.

The bill “would make our state the first to establish a Strategic Bitcoin Reserve and drive innovation, growth, and financial freedom,” said Senator Schwertner.

The cryptocurrency market displayed strong bullish momentum on Thursday, shrugging off hotter-than-expected US inflation data for January. Bitcoin (BTC) regained ground above $96,000, while Ethereum (ETH), XRP, and Solana (SOL) traded firmly in the green.

Metrics reveal Ripple's newly minted stablecoin, RLUSD, has eclipsed the $100 million threshold mere weeks after its mid-December 2024 debut. RLUSD Supply Climbs to 108M As of Feb. 12, 2025, the broader stablecoin arena boasts a valuation of $224.367 billion.

An explosion in a Malaysian city has uncovered an illegal Bitcoin mining operation, with police finding rigs powered by stolen electricity.

On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC's advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new post on X, the market intelligence platform IntoTheBlock has discussed how BTC support and resistance levels are looking from an on-chain perspective right now.

The cryptocurrency market is on edge as the US Securities and Exchange Commission (SEC) prepares for a crucial closed-door meeting today, February 13, 2025. While the session falls under the Sunshine Act, meaning discussions remain private, speculation is rife about its potential implications for Ripple and the wider digital asset sector.

The crypto prices on Thursday echoed considerable optimism among traders and investors globally, embarking on rising trajectories. Bitcoin (BTC) price pumped to regain a hold above $97K, whereas Ethereum (ETH), XRP, and Solana (SOL) also traded dominantly in the green territory intraday.

Fold has teamed up with Visa to launch a bitcoin rewards credit card, offering up to 2% BTC back, exclusive perks, and a path to mainstream crypto adoption.

XRP price is moving higher from the $2.320 support zone. The price must clear the $2.50 and $2.52 levels to start a fresh increase in the near term.

With declining Bitcoin mining revenue and rising difficulty, companies like Riot are seeking new revenue streams.

Bitcoin has experienced lackluster price action over the past few days, trading in a narrow range between $94,700 and $98,600 since last Friday. This stagnant movement has added to the speculative environment, leaving the market uncertain about short-term direction.

Several US states, including Texas, Pennsylvania, and Ohio, are pushing proposals to invest public funds in cryptocurrencies or establish state-level bitcoin reserves. Asset manager VanEck analysed 20 such bills and estimated that, if implemented, they could lead to $23 billion in bitcoin purchases, equivalent to approximately 242,700 BTC.

New Mexico Senator Anthony Thornton has filed Senate Bill 275 (SB 275) dubbed the "Strategic Bitcoin Reserve Act". The bill makes New Mexico join other states that are also working to establish Bitcoin Reserves for their respective treasury departments.

The ripple effect in the XRP community is palpable as the SEC gears up for another closed-door meeting, scheduled for February 13, 2025. This marks the third consecutive weekly closed session under the Sunshine Act, and the excitement is building.

Russia's Bitcoin mining hotspots are consuming more energy than ever, a new study has revealed, with crypto adoption continuing to soar nationwide. The post Electricity Consumption Growth Rockets in Russia's Bitcoin Mining Hotspots appeared first on Cryptonews.

Bitcoin (BTC) has recently witnessed significant whale activity, with long-term holders cashing out nearly $800 million in profits. This development has led to increased speculation regarding the potential for a price correction.

Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a fresh increase in the near term.

Robinhood's Q4 2024 revenue surged 115% YoY to $1.01 billion, with net income soaring to $916 million.

Crypto analyst CryptoCon has reaffirmed that a Bitcoin price rally to the $166,000 target is still in play. The analyst further revealed what needs to happen for the flagship crypto to reach this ambitious price target.

Lawmakers in 20 U.S. states are pushing bitcoin reserve bills that could inject $23 billion (247K BTC) into the market, according to Vaneck's head of digital assets research, who calls the estimate conservative. 20 State Bitcoin Bills Could Unleash a $23 Billion Buying Wave—247K BTC at Stake Lawmakers across 20 U.S.

Commenting on an X post about the high speed of crypto adoption, Coinbase CEO Brian Armstrong said that several billion people will be using Bitcoin by 2030.

The Wyoming Highway Patrol Association has adopted the Proof of Workforce's “Get Off Zero” initiative and is reportedly exploring adding Bitcoin to its balance sheet.

Institutional demand for Bitcoin surges as the Coinbase Premium Index flips positive while selling pressure reduces.

Bitcoin pioneer Adam Backs bold prediction of BTC reaching $10 million per coin has resurfaced, fueling speculation about its long-term potential. Bitcoin historian Pete Rizzo recently highlighted Backs past forecast, which projected a $200 trillion market cap by 2032, aligning with the next two Bitcoin halvings.

A recent discussion in the cryptocurrency space put Samson Mow, a well-known Bitcoin advocate and CEO of JAN3, in the spotlight. Mow, a firm believer in Bitcoins potential to reach $1,000,000, was asked about JAN3s revenue model despite its focus on hyperbitcoinization.

Bitcoin experienced a sharp drop following the release of higher-than-expected U.S. Consumer Price Index (CPI) data for January. The CPI annual rate came in at 3.3%, exceeding analysts expectations of 3.1% and marking an increase from Decembers 3.2%.

Institutional adoption of Bitcoin (BTC) could surge as 20 U.S. states advance legislation to establish Bitcoin reserves. If enacted, these proposals could lead to the purchase of approximately 247,000 BTC, valued at around $23 billion.

The first inflation report of 2025 came in hotter than expected, with the Consumer Price Index (CPI) rising 3% year-over-year in January, surpassing analyst projections. Markets reacted swiftlySP 500, Nasdaq-100, and Dow futures dropped over 1%, while Bitcoin (BTC) tumbled 2.4% within 15 minutes.

Bitcoins price volatility continues to create uncertainty as institutional investors adopt contrasting strategies. On-chain data from Arkham reveals that major financial firms managing spot Bitcoin ETFs, including Fidelity, Grayscale, and Invesco, have recently sold portions of their BTC holdings.

San Diego-based energy storage firm KULR (NYSE: KULR) continues to expand its Bitcoin holdings, reaffirming its commitment to BTC as a treasury asset. The company, which serves aerospace and defense clients, has now accumulated 610.3 BTCworth over $59 millionfollowing its latest $10 million purchase.

In late November, retail investor demand for Bitcoin surged significantly, reaching a peak on Nov. 27 that seemed to cap off a period of heightened enthusiasm among small Bitcoin holders. During that time, many new and existing participants aggressively entered the market, chasing the price momentum that had begun to build earlier in the quarter.

Will the SEC halt its Ripple appeal? The closed-door meeting may impact XRP's legal battle, ETF prospects, and crypto market sentiment.

With $98.53B in weekly transactions and a $1.17B net outflow, whales are accumulating, fueling DeFi and OTC trading.

Goldman Sachs has ramped up its spot Bitcoin exchange-traded fund (ETF) holdings to over $1.5 billion, underscoring its deepening commitment to cryptocurrencies in the final quarter of 2024.

Robinhood reported a staggering 400% surge in crypto trading volume in the fourth quarter, reaching $70 billion, as retail investors flocked back to digital assets amid Bitcoin's (BTC) rally past $100,000 and renewed enthusiasm for the broader crypto market. The brokerage's total transaction-based revenue more than doubled year-over-year, climbing 200% to $672 million.

President Donald Trump has chosen ex-Bitfury CLO Jonathan Gould to lead the Office of the Comptroller of the Currency, per reports.

The Wyoming Highway Patrol Association (WHPA) and Proof of Workforce have partnered up for a landmark Bitcoin initiative. The initiative aligns with the “Get Off Zero” campaign which encourages organizations to start investing in Bitcoin.

Bitcoin (BTC) is currently stuck in a tight range, hovering between $90,000 and $110,000. Despite multiple attempts to break higher, it finds itself repeatedly pulled back.

In his testimony on Tuesday, Federal Reserve Chair Jerome Powell dampened hopes for another round of quantitative easing (QE), reiterating that “QE is a tool we only use when rates are already at zero” and that the Fed remains “a long ways away from ending QT.” This stance challenges the notion that a quick pivot to aggressive easing might buoy Bitcoin and the entire crypto market as it did in past cycles.

Energy management firm KULR Technology Group has added more Bitcoin to its balance sheet, and now holds about $60 million worth.

The crypto market continues on a rough patch, with altcoin posting lower volumes compared to last month. This comes after the sharp price drop wiped out gains recorded in January as market confidence declined.