BlackRock’s Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds. BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion. BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million…
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The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network’s security. Advancements in quantum computing have the potential to strengthen the Bitcoin network in the coming decades, even though there are widespread concerns about the technology’s ability to compromise cryptographic encryption. Industry insiders have previously voiced…
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Bitcoin could see another week of correction before it manages to recover above $100,000, based on historical chart patterns. Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency. Bitcoin’s price is currently down over 10% from its all-time…
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XRP could crash 15-20% in December due to bearish technical conditions and signs of growing distribution by whales. XRP has dropped by over 25% three weeks after hitting $2.90, its highest level since January 2018, and was trading for as low as $2.13 on Dec. 23. Profit-taking due at XRP’s overbought levels and the Federal Reserve’s hawkish…
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Pudgy Penguins, LilPudgys, Azuki and Doodles topped last week’s charts as the best-performing collections. Ethereum-based non-fungible token (NFT) collections surged last week, driving the overall digital collectible weekly sales volumes to $304 million. On Dec. 21, data tracker CryptoSlam reported that Ethereum NFTs experienced a 76% week-on-week increase, reaching $201 million in sales volume. This…
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A memecoin bearing Haliey Welch’s likeness rose to a market capitalization of roughly $500 million after its launch on Dec. 4 before dropping by 90%. Haliey Welch, the influencer behind the viral “Hawk Tuah” video clip, has released a statement after a memecoin bearing her handle pumped and dumped quickly after its December launch. In…
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BTC price downside is due to produce new long-term lows before recovering, according to an analyst who predicted the breakout to $95,000. Bitcoin faces a tough battle for support after a macro scare stopped the bull market in its tracks. Bitcoin BTC$96,517 price losses have passed $12,000 in two days, but crypto traders and analysts are now…
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Bitcoin price sold off, and the wider crypto market corrected following the Federal Reserve’s hawkish 2025 outlook on inflation. Bitcoin and the wider crypto market sold off as the Fed announced a 25 basis point rate cut to its benchmark policy rate and signaled that fewer rate cuts than initially planned could take place in…
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The Digital Chamber issued a crypto agenda for the incoming SEC leadership to repair its “troubled relationship” with the crypto industry. A crypto advocacy group has called for the United States Securities and Exchange Commission to initiate an immediate review of all existing crypto-related investigations, Wells notices, and ongoing lawsuits from “day one” of the…
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Solana-based memecoin Fartcoin briefly exceeded a $1 billion market cap amid a downturn in the altcoin market. Solana-based memecoin Fartcoin gained 113% over the past 30 days to briefly surpass a market capitalization of $1 billion on Dec. 18 — despite most of the altcoin market suffering a double-digit slump over the day. Fartcoin —…
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