As the crypto market enters what Bernstein analysts refer to as its “Infinity Age,” a surge of positivity has arisen, especially with Bitcoin (BTC) recovering its momentum and rising toward the $102,000 level at the week’s start. Moreover, the excitement regarding the forthcoming Donald Trump administration in the US has generated fervor in the crypto […]
In a major advancement for the cryptocurrency sector, Gemini Trust, headed by the Winklevoss twins, Tyler and Cameron Winklevoss, has consented to pay $5 million to resolve allegations made by the Commodity Futures Trading Commission (CFTC). Gemini Addresses CFTC Claims Of Deception In Bitcoin Futures Launch According to a Bloomberg report, the agreement seeks to […]
Marathon Digital (MARA) is one of the largest players in the Bitcoin mining space, and it has just unveiled a new approach to managing cost of operations. In a bid to ease financial pressures and generate returns, the company is lending 7,377 BTC, or about 16% of its deposit. This strategic play demonstrates how the […]
While Bitcoin’s (BTC) remarkable rise above $100,000 captured the attention of the financial world in 2024, a different segment of the cryptocurrency landscape is quietly gaining traction: stablecoins. Mainstream financial players such as Visa, PayPal, and Stripe are increasingly investing in stablecoin projects—cryptocurrency tokens designed to maintain a stable value, typically pegged to the US […]
The world’s largest cryptocurrency exchange secured regulatory authorization from the Brazilian government to buy the country’s licensed broker-dealer Sim;paul, allowing Binance to penetrate the crypto market of the South American nation. Binance made history after getting a broker-dealer license from Brazilian state authorities, becoming the first cryptocurrency exchange to obtain such license in Brazil. Related […]
Do Kwon, the South Korean entrepreneur behind the failed cryptocurrencies TerraUSD and Luna, is set to appear in a Manhattan federal court on Thursday, facing serious criminal fraud charges. This follows his recent extradition from Montenegro, where he had been detained for over a year after attempting to use falsified travel documents at the country’s […]
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. […]
Following the Federal Open Market Committee (FOMC) meeting on December 18, global equity market indices have experienced a slight downturn. However, Bitcoin (BTC) has held steady, trading in the mid-$90,000 range at the time of writing. Bitcoin Steady Amid Speculations Of Slower Interest Rate Cuts After over a year of consecutive interest rate hikes, the […]
Ethereum (ETH) – the second-largest cryptocurrency by market capitalization – may finally seize its moment in Q1 2025. Crypto experts have taken to X to share their analyses of a potentially bullish start to the new year for ETH. Ethereum Bullish Price Action In Q1 2025? Although Ethereum is up by almost 43% on a year-to-date (YTD) basis, its performance pales in comparison to Bitcoin (BTC) which has appreciated by more than 115% in the same period. In addition, various alternative Layer-1 blockchains, such as Solana (SOL) and SUI have vastly outperformed ETH throughout 2024. Related Reading: Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon? However, the momentum may soon shift in ETH’s favor, as experts suggest that Q1 2025 could mark a bullish phase for the world’s leading smart contract platform. According to crypto analyst Crypto Bullet, ETH appears to be forming a bullish pennant on the daily chart, with a potential breakout to $6,000 expected by March 2025. Similarly, cryptocurrency expert Anup Dhungana highlighted another bullish pattern forming on the weekly chart. He pointed to an inverse head-and-shoulders pattern – a widely recognized bullish indicator that suggests an impending price surge. Based on Dhungana’s analysis, ETH could soar to as high as $8,000 by May 2025. However, he also warned that the digital asset may first experience a dip to $2,800 before reaching new all-time highs (ATH). Veteran crypto analyst Quinten Francois also shared an interesting perspective. He noted that ETH has historically recorded exceptional gains during Q1 of the year following a US presidential election. If this historical pattern holds, Q1 2025 could be extraordinarily bullish for Ethereum. ETH Staking To Create Supply Crunch? In addition, Galaxy Research shared some price predictions about Ethereum heading into 2025, saying that the digital asset will trade above $5,500 in 2025 due to potentially favorable regulations surrounding staking and decentralized finance (DeFi). Related Reading: Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump’s Victory Galaxy Research also projected that Ethereum’s staking rate will surpass 50%, creating a supply crunch that could trigger a sharp price increase. The firm explained: The Trump administration is likely to offer greater regulatory clarity and guidance for the crypto industry in the U.S. Among other outcomes, it is likely that spot-based ETH ETPs will be allowed to stake some percentage of the ETH they hold on behalf of shareholders. Demand for staking will continue to rise next year, and likely exceed half of Ethereum circulating supply by the end of 2025, which will prompt Ethereum developers to more seriously consider changes to network monetary policy. Additionally, Galaxy Research suggested that the ETH/BTC trading pair will close 2025 trading above 0.06, buoyed by anticipated regulatory tailwinds. A rise in this trading pair from its current lows of approximately 0.03 could serve as a catalyst for the much-awaited altseason. Recent analysis by crypto analyst Carl Runefelt also foresees a big move for ETH at the beginning of the new year. At press time, ETH trades at $3,345, down 0.7% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
As Bitcoin (BTC) hovers around $92,000 and the critical $100,000 resistance level, the cryptocurrency market is rife with speculation about its next movements. Prominent crypto analyst Ali Martinez recently outlined potential scenarios for BTC’s future, suggesting that a steep correction may be on the horizon. Crypto Experts Signal Concerns In recent social media posts highlighted […]
In a significant development for the cryptocurrency landscape, the US Internal Revenue Service (IRS) has finalized regulations that will require decentralized finance (DeFi) brokers to report gross proceeds from digital asset transactions. IRS Classifies DeFi Platforms As Brokers Under the new regulations, which will take effect in 2027, DeFi platforms acting as front-end service providers […]
In 2024, Bitcoin experienced an extraordinary rise in popularity on the social media platform X, formerly known as Twitter. According to recent data, mentions of Bitcoin on X increased by 65% year-over-year, with users publishing over 140 million tweets about the cryptocurrency. Related Reading: Bitcoin Meets Bonds: Ramaswamy’s Strive Asset Management Files With SEC This […]
Nokia, a Finnish telecoms company, is joining the crypto revolution. According to reports, Nokia has developed a technology for encrypting digital assets and addressing vulnerabilities. The Finnish company formally applied for a patent for the encryption of digital assets with the Chinese Intellectual Property Administration last June 2024. Related Reading: BREAKING—Trump’s Crypto Council Takes Shape […]
President-elect Donald Trump has made headlines with his latest selection of Bo Hines as executive director of the newly formed Presidential Council of Advisers for Digital Assets, also known as the “Crypto Council”. This announcement, made via Trump’s Truth Social account, is a key step in shaping the incoming administration’s stance on cryptocurrency and blockchain technology. […]
Michael Saylor, co-founder and chairman of business intelligence firm MicroStrategy, has unveiled a comprehensive crypto framework aimed at further integrating Bitcoin and other digital assets into the US economy. Shared via social media on Friday, Saylor’s proposal comes at a time of increasing institutional interest in cryptocurrencies and aims to position the United States as […]
A member of the South Korean national legislature could possibly face imprisonment for allegedly misdeclaring his cryptocurrency holdings. Related Reading: Metaplanet Turns To Bitcoin With Massive 4.5 Billion Yen Bonds State prosecutors recommended that the legislator be sentenced to a six-month jail time for not disclosing a significant portion of his crypto assets, and failing […]
On Wednesday, BlackRock, the world’s largest asset manager, successfully acquired municipal debt through a transaction that exclusively utilizes blockchain technology. According to a Bloomberg report, this marks the first instance of municipal bonds being purchased, settled, and held entirely on a blockchain platform. BlackRock’s Historic Bond Deal Per the report, the bonds were issued earlier […]
As President-elect Donald Trump prepares to assume office for his second term, significant changes in the regulatory landscape for cryptocurrencies are on the horizon. A wave of crypto ETFs is expected to gain approval in the coming year, signaling a potentially transformative shift for digital assets in the United States. Emerging Entrants In Crypto ETFs […]
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 […]
After years of uncertainty, the defunct cryptocurrency exchange FTX, previously led by convicted founder Sam Bankman-Fried, has announced the effective date for its Chapter 11 reorganization plan aimed at distributing funds to affected customers. Initial Distribution Date Set On Monday, FTX Trading Ltd. and its affiliated debtors revealed that their court-approved Chapter 11 Plan of […]
According to a recent Bloomberg report, Donald Trump’s crypto initiative, World Liberty Financial (WLF), is making significant strides by acquiring three altcoins worth millions. This move comes amid growing speculation that the decentralized finance (DeFi) platform is on the brink of “becoming operational.” Trump’s Crypto Venture Secures Major Token Purchases Since December 11, World Liberty […]
While Bitcoin (BTC) fluctuates around the critical $100,000 price level, some investors may seek the ideal opportunity to take profits and exit the market. In this context, a CryptoQuant analysis highlights a key BTC metric that can serve as a valuable tool for crafting an exit strategy. Have Profits In Bitcoin? Keep An Eye On This Indicator In a Quicktake blog post published today, CryptoQuant contributor Onchain Edge shared insights into timing the sale of BTC during the current bull market. The analyst emphasized the importance of the Bitcoin supply in loss metric, noting its potential to signal when to start exiting the market to preserve profits. Related Reading: Bitcoin May Face ‘Demand Shocks’ In 2025 Due To Growing Institutional Interest: Report For those unfamiliar with Bitcoin, the supply in loss measures the percentage of BTC held at a loss based on its last moved price. A low percentage of supply in loss typically indicates peak market euphoria and serves as a warning to secure profits before a bear market correction begins. According to the CryptoQuant analysis, when BTC supply in loss drops below 4%, it signals a good time for investors to consider dollar-cost averaging (DCA) out of their BTC holdings and wait for the next bear market lows. Currently, the BTC supply in loss sits at 8.14%. DCA is an investment strategy where investors allocate a fixed amount of money to an asset at regular intervals, regardless of its price. This method helps reduce the impact of market volatility and lowers the average cost per unit over time. The analyst adds: Why? Below 4% means a lot of people are in a profit this is the peak bullrun phase. Trust me you don’t want to be bagholding because you thought we will never see a bear market again. Be fearful when others are greedy. Analysts Confident Of Further Upside In BTC Price While tracking the BTC supply in loss metric can help investors safeguard their profits, recent forecasts from crypto analysts suggest there might still be room for further upside before this indicator becomes crucial. Related Reading: Bitcoin Exchange Reserves Plunge To Multi-Year Lows: Will BTC Gain From Supply Crunch? According to crypto analyst Ali Martinez, BTC forms a classic cup and handle pattern on the weekly chart. The premier cryptocurrency looks poised to break out of the bullish formation, with targets as high as $275,000. Similarly, Donald Trump’s victory has brought fresh optimism in the crypto industry. In the recently concluded Bitcoin MENA conference in Abu Dhabi, Trump’s former campaign chairman, Paul Manafort, noted that BTC investors can “expect more than $100,000” during the ongoing market cycle. Other forecasts remain equally bullish. Tom Dunleavy, Chief Investment Officer at MV Global, projects BTC to reach $250,000, while Ethereum (ETH) might climb to $12,000 during this market cycle. BTC trades at $100,983 at press time, up a modest 0.1% in the past 24 hours. Featured image from Unsplash, Charts from CryptoQuant and TradingView.com
In an important victory for the crypto industry, Rep. French Hill, a Republican from Arkansas, is expected to become the next chair of the House Financial Services Committee after being endorsed by the GOP’s steering committee. This move implies a favorable trend in cryptocurrency regulation under President-elect Donald Trump’s administration, which has already made key […]
On Thursday, the Texas House of Representatives took a significant step toward integrating cryptocurrency into state financial strategy by introducing a bill aimed at establishing a strategic Bitcoin reserve. Sponsored by Republican state Representative Giovanni Capriglione, the proposed legislation seeks to allow the state to accept taxes, fees, and donations in Bitcoin, with the intention […]
Bahrain is storming the world of crypto. Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, became the first person to receive a Crypto.com card powered by Mastercard. This is the big step for both Bahrain and this upsurging digital finance sector in the region. Related Reading: Bitcoin Advocate MicroStrategy Eyes Nasdaq 100 Spotlight […]
On Tuesday, Ripple CEO Brad Garlinghouse revealed that the New York State Department of Financial Services (NYSDFS) has granted final approval for the firm’s inaugural stablecoin, RLUSD. Ripple Set To Enter Stablecoin Market With the release of RLUSD, Ripple hopes to provide a reliable option for clients interested in digital currencies while limiting the volatility […]
The Royal Government of Bhutan is still making strategic use of its Bitcoin assets. On December 10 the government dispatched 502 Bitcoin, or around $49.42 million, to two platforms, Binance and QCP Capital. Blockchain tracking service Arkham Intelligence says that this is the most current of a scheduled sell-off meant to maximize earnings by leveraging […]
Microsoft, the world’s largest software company, has rejected the proposal to evaluate the potential benefits of adding Bitcoin (BTC) to its corporate balance sheet, despite meetings and lobbying from Bitcoin advocate Michael Saylor, co-founder of MicroStrategy. Saylor, who has transformed MicroStrategy into a major player in the cryptocurrency realm with over $40 billion in BTC […]
President-elect Donald Trump’s proposal to establish a national Bitcoin reserve has ignited a wave of criticism from economic experts, including former Treasury Secretary Larry Summers. Summers, who managed the US national gold reserve during Bill Clinton’s administration, described the idea as “crazy” and lacking a clear purpose in a recent interview. Bitcoin Reserve Proposal As […]
In a recent interview with CNBC, Eric Trump, executive vice president of the Trump Organization and son of president-elect Donald Trump, articulated a vision for the United States to become the leading global hub for crypto. Eric Trump emphasized that a set of “sensible” regulatory guidelines could pave the way for this transformation, particularly in […]