Bitcoin’s recent drop below $100,000 has caused mixed market reactions. Analysts observe minimal panic selling among short-term holders, with $68 million in long positions liquidated. Attention turns to Monday price movements as potential indicators for the week, especially with the upcoming FOMC meeting, suggesting volatility ahead. Bitcoin (BTC) experienced a marked decrease, plummeting by 7.13% … Read more
Bitcoin reached $106K, yet the crypto market remained unusually calm. Key developments included Ripple’s RLUSD launch, MicroStrategy’s Bitcoin acquisition, BlackRock’s USDtb backing, Hyperliquid’s $1B deposits, and FTX’s repayment plan beginning January 2025. In a surprising twist, Bitcoin soared to $106k yesterday, yet the crypto realm remained strikingly subdued. Generally vibrant with trending hashtags and debates, … Read more
The global cryptocurrency market cap has sharply fallen to $977 billion, down 12% in one day. Bitcoin dropped over 10% to $24,760, with a notable decline in its dominance. Major cryptocurrencies like Ethereum and Binance also experienced significant price drops, spurred by investor fears about inflation and potential interest rate hikes, leading to a surge … Read more
Bitcoin’s price has surged to a record high of $97,457, driven by ETF inflows and potential regulatory support. The ETH/BTC pair has hit a three-year low, delaying altcoin momentum. Analysts predict Bitcoin could reach as high as $135,000 by December, fueled by historical patterns and strong market demand. Today, Bitcoin’s price has surged by 6%, … Read more
The cryptocurrency market is currently experiencing major declines, with Ethereum dropping 13%, Solana 18%, and Bitcoin down 7.3% to $94,662. The Fed indicated slow interest rate cuts which compounded bearish sentiments this week. With the holiday season approaching, analysts expect further volatility, urging investors to navigate these uncertain waters cautiously. The cryptocurrency market is facing … Read more
This week, we observe a revitalized cryptocurrency market with Bitcoin rising 25%, Conflux soaring 125%, and significant growth in other tokens like Mask Network, Fantom, and Neo. Driven by substantial market events and upgrades, these coins illustrate a shift as investors turn to digital assets amid banking sector turmoil, showcasing potential for further growth. The … Read more
Executives in the cryptocurrency sector are optimistic about an upcoming golden era under the new US administration, bolstered by bitcoin’s recent price surge. Yet, with potential risks from overconfidence and volatile political waters, the market faces challenges. The dynamics of public policy, regulation, and technological demand hint at a transformative period ahead for blockchain and … Read more
In 2024, the cryptocurrency market saw major advancements with the SEC approving Bitcoin spot ETFs, driving historic institutional adoption. Bitcoin’s value skyrocketed beyond $108,000, altering global perceptions and prompting regulatory adjustments across numerous nations. Looking into 2025, the introduction of new crypto investment products, the growing use of crypto for payments, and the potential for … Read more
Block, led by Jack Dorsey, is implementing a dollar cost averaging program to increase its bitcoin holdings by allocating 10% of monthly bitcoin profits to buy more of the cryptocurrency. With an impressive valuation of $4.7 billion from its previous bitcoin investments, Block’s initiative aims to guide other companies in integrating bitcoin into their financial … Read more
Elon Musk’s X (Twitter) has acquired a currency transmitter license from Rhode Island, potentially allowing cryptocurrency transactions on the platform. Amid the excitement, Musk confirmed plans focus on existing currencies rather than launching new coins. This move signals a significant shift in the crypto landscape, stirring markets, especially for Dogecoin, which saw price increases following … Read more