Altcoin majors, including ether and solana, also rose sharply as U.S. markets opened on the first full week after holidays, with the broad-based CoinDesk 20 advancing 3.5% through the day.
Bitcoin’s daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
After a massive blood bath in Satoshi Street in the last week of December, Bitcoin is back in action reaching $98K from a drop of $92K on its 16th anniversary. The global market cap saw a whopping rise of 2.31%, hitting $3.49 trillion, and trading volume reached $123 billion. Interestingly, the Fear and Greed Index …
In a recent interview with FOX Business, Fred Thiel, CEO of Bitcoin (BTC) mining firm MARA Holdings, advocated an “invest and forget” strategy for retail investors looking to gain exposure to the world’s leading digital currency. Thiel Cites Positive Historical Performance Of Bitcoin BTC continues to trade within the mid-$90,000 range after a recent pullback from its all-time high (ATH) of $108,135. While crypto analysts keep a close eye on the flagship cryptocurrency’s price movements, major BTC holders appear less concerned about short-term fluctuations. Related Reading: Bitcoin ‘Head and Shoulders’ Setup Raises Fears Of $80,000 Price Drop – Details Citing Bitcoin’s historical performance, Thiel advised retail investors to adopt a long-term approach. He noted that Bitcoin has closed the year at a lower price only three times in its 14-year history, including during the peak of the COVID-19 pandemic. Thiel stated: My recommendation, to my kids, for example, is they put just a little bit away every month in Bitcoin and forget about it. Over two, three, four years, it grows, and that’s what people do. Thiel also emphasized BTC’s consistent growth, highlighting that it has appreciated annually by an average of 29% to 50%. However, BTC remains a high-risk asset, and risk-averse investors may shy away until the asset class achieves broader acceptance or gains official recognition from a major global economy. For instance, the establishment of a US strategic Bitcoin reserve could solidify the cryptocurrency’s legitimacy as an asset and potentially spark a domino effect, encouraging other nations to follow suit. Thiel described such a reserve as a key catalyst for driving Bitcoin’s price to new highs in 2025. Additionally, Thiel pointed to high institutional involvement through Bitcoin exchange-traded funds (ETFs) and favorable digital asset regulations under the Trump administration as other factors that could support BTC’s growth this year. Although Thiel’s advice was aimed at retail investors, recent data suggests that many are already planning to increase their Bitcoin holdings. According to a poll conducted by MicroStrategy CEO Michael Saylor, over 75% of 65,164 respondents intend to end 2025 with more BTC than they started with. The poll reflects growing enthusiasm among retail investors, buoyed by bullish developments in 2024 such as ETF approvals, the Bitcoin halving, and Trump’s election victory in November. More Companies Adding BTC To Balance Sheet Bitcoin adoption among corporations continues to grow. While MARA Holdings already holds BTC on its balance sheet, rival crypto mining company Hut 8 recently expanded its holdings to more than 10,000 BTC. Related Reading: Bitcoin May Surge To $200,000 By Mid-2025 Amid ‘Mild’ Price Pullbacks: Report Other firms, such as Japan-based Metaplanet and Canada’s Rumble, joined the Bitcoin movement in 2024. Additionally, Bitcoin ETFs have accumulated over 1 million BTC in under a year since their launch. However, skepticism remains. Japan’s Prime Minister recently expressed caution about the idea of establishing a strategic Bitcoin reserve, reflecting lingering doubts in some quarters. At press time, BTC trades at $97,229, up 0.7% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com
In a surprising turn of events, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a massive $332.6 million outflow on January 2—its largest withdrawal since launching a year ago. This came right after U.S. markets reopened following the New Year holiday, continuing a three-day streak of redemptions. For the week, total outflows reached $392.6 million, surpassing the …
BlackRock's IBIT started the new year on a rough note, losing millions in net outflows on Thursday.
BlackRock’s IBIT has also seen a record three consecutive trading days of outflows.
According to Bloomberg, BlackRock’s iShares Bitcoin Trust (IBIT) has set a new benchmark in the world of exchange-traded funds (ETFs) since its launch in January 2024. With over $50 billion in assets amassed in just 11 months, IBIT has achieved a feat unparalleled in the industry, outpacing traditional funds that have been operating for decades. […]
Steno predicts Bitcoin at $150,000 and Ether at $8,000, setting the stage for an altcoin season in 2025.
They still lag BTC ETFs, which closed out 2024 with upwards of $35 billion in net inflows.
The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.
Inflows into crypto exchange-traded funds are a key driver of price performance, the asset manager said.
Spot Bitcoin ETFs experienced a strong recovery on Dec. 26, breaking a four-day streak of outflows. Data from Farside Investors showed that ETFs reported combined net inflows of $475.2 million, indicating renewed investor interest after a period of significant outflows of more than $1.5 billion. According to the data, Fidelity’s Wise Origin Bitcoin Fund led […]
The post Bitcoin ETFs get fresh strategies from Bitwise and $475 million in inflows appeared first on CryptoSlate.
US spot Bitcoin ETFs have notched a positive net inflow nearing half a billion after four trading days which bled over $1.5 billion.
Bitcoin investing isn’t what it used to be. You don’t just buy coins and hope they go up anymore. Strive Asset Manager, a firm founded by Vivek Ramaswamy, is pushing the boundaries with a new kind of fund. They’ve filed for a Bitcoin Bond ETF, which could let investors profit from companies that are big …
Bitwise has filed for an Exchange-Traded Fund (ETF) that focuses on companies holding massive amounts of Bitcoin. The idea? To offer investors a way to gain exposure to firms embracing the “Bitcoin standard.” Curious what that means? Let’s break it down. A Closer Look at Bitwise’s Plan The proposed fund, called the Bitwise Bitcoin Standard …
Bitcoin struggles below $100,000 amid holiday illiquidity, but analysts predict a rally above $105,000 post-Christmas, citing macro trends.
While the market was red last week, crypto saw some action in the last 24 hours with with Bitcoin, Ethereum, and altcoins rebounding. The king crypto Bitcoin went up from $94K to $99K which is seen as a “Santa Claus rally,” but it could also be a profit-taking shift. BTC is currently holding above $98K, …
After registering heavy losses in the past week, the crypto market received a relief rally in the last 24 hours, led by Ethereum (ETH), BNB, and Solana (SOL). Although Bitcoin (BTC) price briefly rallied to $96k, the lack of sufficient bullish sentiment resulted in a sudden retracement to trade at about $94k on Tuesday, December …
Despite price corrections, digital asset funds closed the week with positive net flows totaling $308 million.
A major player in the cryptocurrency market found itself on an unusual side of history after experiencing its largest outflows in months. Related Reading: Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says The leading asset manager BlackRock ended the inflow streak of its Bitcoin exchange-traded fund after recording a $72.7 million […]
Amid a wider readjusting of market expectations for interest rate cuts by the Federal Reserve (Fed) for 2025, investors withdrew a record $680 million from Bitcoin ETFs on Thursday, the highest outflow in a single day since January’s approval of these investment funds. Grayscale And Bitwise Bitcoin ETFs Experience 8% Decline As Bitcoin ETFs faced this outflow, the price declined, dropping another 5% to trade around $97,400 to close the week. The sell-off aligns with a general downturn in risk assets, triggered by the Fed’s updated economic projections released earlier this week. The US central bank now anticipates only two quarter-point rate cuts in the coming year, a significant reduction from the four cuts previously expected at its September meeting. Related Reading: How Low Can Dogecoin Go Before It Rebounds? Expert Forecasts Notable Bitcoin ETFs, including Grayscale’s Bitcoin Trust and Bitwise’s Bitcoin ETF, have experienced declines of approximately 8% since the Fed’s new guidance, while Bitcoin itself has lost about 9% in the same timeframe. Notably, Thursday’s outflows broke a streak of 15 consecutive days of inflows for the twelve US Bitcoin ETFs, for a net inflow of approximately $5.3 billion during this period. After hitting a record high of just over $108,000 earlier in this week, the market’s top cryptocurrency dropped below the $100,000 level on Thursday. Prior to the recent recovery, which is just around $100,000, it fell all the way to $92,000. While the bearish sentiment in the markets can be attributed to the Fed’s cautious stance, it is also likely influenced by seasonal profit-taking among institutional investors of the Bitcoin ETFs. Analysts Warn Of Continued Crypto Sell-Off The recent selling pressure could further strain market sentiment, as noted by Joseph Dahrieh, managing principal at Tickmill. “This decline could weigh strongly on the cryptocurrency and broader market sentiment, particularly as Bitcoin fell below the USD 100,000 mark, indicating potential short-term volatility and downside risks,” he remarked. The volatility has been exacerbated by massive liquidations in both long and short positions, totaling over $240 million within a 24-hour period. Antonio Di Giacomo, a senior market analyst at XS.com, commented, “The Federal Reserve’s cautious stance in signaling fewer cuts for 2025 created an atmosphere of doubt and speculation.” Related Reading: Ethereum Investment: Trump Crypto Project Grabs 722 ETH At $2.5 Million Looking ahead, the sell-off in the cryptocurrency market may persist in the near term. Alex Kuptsikevich, chief market analyst at FxPro, speculated that the total market capitalization of cryptocurrencies could drop below $3 trillion, down from a peak of $3.7 trillion earlier this month. He cautioned that “a failure below $94,500 would signal a break of the uptrend of the last six weeks, while a fall below $92,000 would bring the price under the 50-day moving average. In this case, time is playing on the side of the bears.” As of this writing, Bitcoin has managed to stabilize above $97,400 as the week draws to a close, despite registering 4% losses over the previous 24 hours. Featured image from DALL-E, chart from TradingView.com
The SEC has approved spot-based Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. The approved products include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF, which feature an 80/20 average weighting of Bitcoin and Ethereum but may include other assets in the future. Nasdaq and Cboe BZX filed …
The crypto market in the last 24 hours has seen 361,972 traders getting liquidated, losing over $1.17 billion. This comes after Bitcoin’s price dropped 7%, hitting a low of $95,500 after achieving a historic high of $108,268, it lost about 12% of its value in just three days. US Bitcoin ETFs saw record withdrawals, with …
Bitcoin ETFs saw a record $671.9M outflows on Dec. 19, coinciding with Bitcoin’s price dip and marketwide liquidations.
The SEC just made history in the crypto world by approving two first-of-their-kind ETFs: the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These aren’t your typical crypto investments. They combine spot Bitcoin and Ethereum into one package, making it easier—and maybe even safer—for people to invest in the two biggest …
A federal judge has given Eric Council Jr., who pleaded not guilty to compromising the SEC's X account, permission to travel to North Carolina between Dec. 23 and Dec. 29.
The ETF, which Grayscale spun off from its older Grayscale Bitcoin Trust, now holds around $4 billion in assets.
In a potential win for the crypto industry, the Senate Banking Committee has canceled its vote on the reappointment of US Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, known for her critical stance on Bitcoin and other digital assets. This development, reported by FOX Business journalist Eleanor Terrett, means that Crenshaw will not secure […]
The year 2024 is ending with Bitcoin touching the new ATH of $107K and maximum altcoins trading in green. Factors adding to this rally are major expectations of lower interest rate cuts in December, as it typically helped Bitcoin. Another factor that boosted this rally was the inclusion of MicroStrategy in the Nasdaq 100 index. …