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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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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Bloomberg ETF analysts Eric Balchunas and James Seyffart expect Litecoin and Hedera will also get spot ETFs, but aren’t convinced there’ll be much demand for them. An exchange-traded fund (ETF) tracking both Bitcoin and Ether is expected to be the first in a “wave” of new crypto funds in 2025, says senior Bloomberg ETF analyst…
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Metaplanet projects it will turn its first operating profit since 2017 and said it wants to go beyond just buying Bitcoin as part of its treasury strategy. Bitcoin stacking firm Metaplanet expects to record its first consolidated operating profit in seven years just months after adding Bitcoin its balance sheet for the first time. The…
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The Bitcoin funding rate over the 30-day EMA signals “no visible signs of late-cycle overheating,” according to a crypto analyst. The Bitcoin funding rate signals that the market is not overly frothy and shows no signs of Bitcoin’s price peaking too early in the cycle, according to a crypto analyst. “Analyzing the funding rate using…
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A potential Trump executive order making Bitcoin a US reserve asset might drive a $20 billion BTC purchase in 2025. President-elect Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin as a United States reserve asset, according to Jack Mallers, founder and CEO of Strike. A 200K…
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A crypto analyst warns that Bitcoin’s price could face volatility if the highly anticipated United States Bitcoin Strategic Reserve bill gets passed. A crypto analyst has warned that if approved, Senator Lummis’ proposal for the United States government to acquire 5% of Bitcoin’s supply could cause increased price volatility in the short term. “I expect…
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A Texas Bitcoin investor faces two years in prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent. An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains in a case involving about $4 million worth of cryptocurrencies. According to…
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Bitcoin faces a giant inefficiency on short timeframes as a week full of potential volatility starts with a wobble. Bitcoin BTC$96,053 saw its first weekly close above $100,000, which was a volatile start to a new trading week. Weekly close records do not last long as analysis warns that the market should fill a $10,000 downside wick…
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