Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024. Tesla reported a $600 million gain from its Bitcoin holdings in the fourth quarter of 2024 thanks to new accounting rules that allow companies to record the market value…
Read more
Bitwise’s Matt Hougan said crypto wouldn’t “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before. US President Donald Trump’s recent crypto executive order could disrupt the crypto market’s four-year boom and bust cycle that it has seen over the last decade, says Bitwise investment chief Matt Hougan. Trump’s…
Read more
From digital red packets to memecoins, Bitcoin continues its love affair with Lunar New Year in 2025. Lunar New Year has become a global celebration and a surprisingly positive period for Bitcoin and crypto — replete with modernizing the hongbao (financial gifts in red envelopes), memecoins bearing the year’s zodiac animal and increased trading activities in Asian hours.…
Read more
Goldman Sachs CEO David Solomon called the original cryptocurrency an “interesting speculative asset.” Goldman Sachs CEO David Solomon doesn’t view Bitcoin as a danger to the US dollar and sees its fundamentals as valuable for banks. “I do not think Bitcoin is a threat to the US dollar,” Solomon said in a Jan. 22 interview with CNBC…
Read more
El Salvador’s total stockpile now stands at 6,044 Bitcoin, worth over $617 million, after the country bought an additional 12 BTC in the last day. El Salvador has bought 12 Bitcoin for its reserve in the past day, despite an earlier deal with the International Monetary Fund to dial back some of the country’s crypto…
Read more
More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000. Crypto market liquidations over the last 24 hours have reached over $1 billion as Bitcoin briefly fell back below $100,000 after reaching near its all-time high. CoinGlass shows that in the past day, $1.18 billion has been liquidated from nearly…
Read more
2024 was a challenging year for crypto and blockchain venture capital, as former hot sectors like gaming, metaverse and NFTs failed to spur bigger funding opportunities. Bitcoin’s bull market in 2024 failed to generate a commensurate uptick in venture capital funding, suggesting that institutional investors no longer have a blank-check approach to crypto and blockchain…
Read more
A Bitcoin price of $150,000 may be “absolutely silly low,” says a crypto trader, citing the expected widespread adoption by countries and corporations that will use it as a store of value. A crypto trader says Bitcoin will likely blow past the $150,000 price target that some have tipped for in the current cycle —…
Read more
XRP spot traders provided the volumes needed to send the altcoin above $3. Is a new all-time high the next stop? XRP price reached $3 for the first time since 2018, as the altcoin continued to lead the markets in 2025. The crypto asset has risen 41% in the last 15 days, leading all major…
Read more
Fundstrat’s Tom Lee says those who buy Bitcoin around $90,000 now won’t “lose money” over the long term. Despite a warning from analysts that Bitcoin could fall under $70,000, the asset’s current $90,000 price tag remains a “good entry point” for long-term investors, according to Fundstrat Capital’s chief investment officer. “I don’t think anyone is…
Read more
