Bitcoin “has only just started its price discovery phase,” crypto analyst ‘Daan Crypto Trades’ told his 390,000 followers on X on Jan. 7. Price discovery occurs when an asset enters new territory and makes consecutive new all-time highs. At the time of writing, BTC was just 6% away from its Dec. 17 peak price of...Read More
The world’s second-largest corporate holder of Bitcoin, MARA, also known as Marathon Digital Holdings, has lent out around 16% of its treasury. In a production and mining operation update released on Jan. 3, the firm revealed that 7,377 BTC, worth around $730 million at current prices, has been “temporarily loaned to third parties.” Its total...Read More
According to a CryptoQuant analyst, the ongoing bull cycle may end sooner than many anticipated. Using Bitcoin (BTC) as a benchmark, the analyst stressed that the bullish trends will climax during the first quarter of 2025 or, at the latest, by the second quarter. The analyst also shed light on how the market price movement...Read More
Japanese investment firm Metaplanet’s CEO Simon Gerovich revealed that the company has ambitious goals with a strategic focus on Bitcoin for 2025. In his latest tweet, the exec announced plans to expand Metaplanet’s Bitcoin holdings to 10,000 BTC. Metaplanet’s Bitcoin Expansion To achieve the 10k BTC milestone, Gerovich said that the company plans to utilize...Read More
After struggling at the end of the year with numerous consecutive days of net outflows, the spot Bitcoin ETFs in the States finally registered some notable inflows on Friday. The Ethereum counterparts sit in the opposite corner, as they have been mostly in the green since mid-December despite the FOMC aftermath on the entire market....Read More
At its fourth quarter meeting on Dec. 27, the People’s Bank of China committee (POBC) proposed a more dovish (low interest rate) policy going forward. At the same time, the US Fed has different plans. China Announces Interest Rate Cut Financial analysts expect the bank to make adjustments to the target funds rate so that...Read More
Bitcoin’s price recovered from the most substantial declines earlier this week that drove it to a monthly low but still struggles to return to six-digit territory. With the weekly close just hours away, here are the potential risks the cryptocurrency faces if it remains under this coveted level. BTC to Close Below $100K? The last...Read More
For context, Bitcoin returned a yield in average crypto exchange prices of 210% from Nov. 1, 2023, to a historical record high level above $108,000 on Dec. 16, according to data compiled by CoinMarketCap. Compare that to US stocks’ performance over the same time period, and the original and most secure cryptocurrency massively over-indexed for...Read More
But real quick first— Bitcoin’s price has continued its New Year’s holiday rally that began on Dec. 30 when the price notched near $91,500. On Friday, Jan. 3, it was running full steam ahead, briefly tapping $98,690. That’s a strong rally, with 24H trade volume declining to $35 billion on its $1.94 trillion market cap...Read More
The little orange cryptocurrency was one of several digital assets in this segment that walloped 2024 gains from investing in US stocks like those in the S&P 500 Index or Nasdaq Composite. Others, like Ripple’s XRP tokens for international settlements between large institutions, performed even better than Bitcoin. XRP was up 247% by Christmas Day...Read More
Crypto assets declined as 2024 came to a close. Bitcoin’s post-election surge to over $100,000 had lost momentum. Entering 2025, the asset touched $97,000 but soon pulled back slightly. However, the latest CryptoQuant analysis hints that BTC is still in the midst of a bull market. The current phase has been identified as a cooling-off...Read More
The United States spot Bitcoin exchange-traded funds (ETFs) market is bleeding heavily as investors withdraw their funds amid BTC’s lack of price momentum. This string of withdrawals has resulted in the BlackRock iShares Bitcoin Trust (IBIT) recording its largest daily outflow since its inception almost a year ago. Data from CoinGlass’ Bitcoin ETF overview shows...Read More
The CEO of Metaplanet says the US is touching off an international race for BTC reserves. Crypto analysts have dubbed the Japanese venture capital fund the “MicroStrategy of Japan” for its voracious Bitcoin purchases. In an interview at Michael Saylor’s New Year’s Eve Party in Miami on Tuesday, Gerovich said Japan would be sure to...Read More
The Swiss Federal Chancellery registered a new initiative on December 31, proposing that the Swiss National Bank hold Bitcoin as part of its reserves, potentially setting the stage for a public referendum. The initiative, spearheaded by a group of 10 Bitcoin advocates, including Giw Zanganeh, who happens to be Tether’s vice president of energy and...Read More
The positive seasonality known to affect the bitcoin market during the last quarters of every halving year is wearing off, as seen in BTC\’s price movements over the past two weeks. This trend is often driven by high demand from investors; however, recent data shows that these market participants have slowed down in their acquisition...Read More
The on-chain data analysis platform Glassnode has identified several price levels that hold the key to bitcoin’s (BTC) price trajectory in the coming weeks. Depending on which direction the leading digital asset goes, there could be a massive correction or strong resilience that could enable positive price movement. According to Glassnode’s tweet, these price levels...Read More
Ethereum’s performance in 2024 has been lackluster, with the asset gaining just 47% and failing to notch a new peak price or spend much time trading above $4,000. Meanwhile, Bitcoin surged more than 120% to a new six-figure all-time high in mid-December. However, analysts believe that Ethereum will outperform Bitcoin, which has been consolidating for the...Read More
The Syrian Center for Economic Research (SCER) has presented a proposal for the transitional government to legalize Bitcoin and digitize the Syrian pound in a bold strategy to address the country’s economic crisis. This proposal aims to build a strong digital economy and develop both centralized and decentralized banking infrastructures across the country. SCER’s Vision...Read More
According to CryptoQuant’s latest data, Binance has reached a new milestone in its stablecoin reserves as it hit an all-time high of $31 billion recently. This marks a significant recovery and growth, as the reserves stood at just $7 billion in June 2023. Therefore, the latest figure reflects a nearly fivefold increase over six months....Read More
Despite the recent pullback in the crypto market, experts suggest Bitcoin will remain the leader in the coming year. The latest Franklin Templeton’s 2025 crypto outlook report, for one, predicted its continued dominance. Bitcoin is expected to solidify its position as a global financial asset, increasingly viewed as a digital store of value. Bitcoin Dominance...Read More
Bitcoin (BTC) is consolidating between $94,000 and $92,000, but investors are moving their assets out of exchanges. The asset has plunged in the last two weeks and was hovering around $93,750 at the time of writing. Analysis by CryptoQuant official AxelAdlerJr revealed that crypto exchanges are recording very low levels of BTC deposits while investors...Read More
Tether, the largest stablecoin issuer, has added $700 million worth of Bitcoin to its reserves. This development comes as CEO Paolo Ardoino addresses the fear, uncertainty, and doubt (FUD) surrounding USDT’s status in Europe following MiCA’s implementation deadline on December 30. Details From the Latest Purchase According to on-chain data from Arkham Intelligence, Tether transferred...Read More
The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday’s latest adjustment. This represents a 24% increase over the past 90 days and a 52% rise during the last three months of the year. Meanwhile, Bitcoin’s hash rate also crossed the 800 EH/s threshold this month for the first...Read More
Hong Kong may soon join the list of countries leveraging bitcoin (BTC) as a store of value and a hedge against inflation by establishing the cryptocurrency as a fiscal reserve asset. According to a report from local media, Wen Wei Po, Wu Jiexhuang, a member of the Hong Kong legislative council, has proposed incorporating BTC...Read More
Long-term holding trends in the crypto market have taken an intriguing turn this year as Ethereum surpassed Bitcoin in retaining such investors. Despite Bitcoin’s 122% surge compared to Ethereum’s 48% growth in the past year, the increase in the long-term holders of the latter highlighted rising market confidence as 2025 approaches. Ethereum Shows Stronger Long-Term...Read More
The world’s biggest corporate holder of bitcoin continues with its accumulation phase by allocating another $209 million to purchase 2,136 BTC. With this eight consecutive Monday purchase, the company’s stash has skyrocketed to over 446,000 BTC. MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8%...Read More
Foundry USA Pool – the largest Bitcoin mining pool by hash rate – recently took action to return an 8.18 BTC transaction fee, which is roughly worth $777,000, that had been accidentally overpaid. The error occurred on December 19 during the mining of block 875475, which included a transaction with a fee 91,127 times higher...Read More
The incoming second Donald Trump administration has extensive plans to cement US leadership in developing blockchain cryptocurrencies and delivering their products to markets. Meanwhile, Russia is using Bitcoin to conduct commerce outside the traditional finance channels in the face of international sanctions. While these developments certainly bear strategic adversarial overtones, the way Bitcoin changes the...Read More
The cryptocurrency market has been in a particularly painful slump for the past ten days or so and has failed to produce the much-anticipated Santa Claus rally. With the year coming to an end in just a few days, on-chain data actually shows that this could all change in a rather unexpected fashion. Trading Volumes...Read More
The prominent crypto exchange-traded fund (ETF) issuer has proposed a new product called the Bitcoin Standard Corporations ETF, which aims to invest in publicly traded companies that adhere to a “Bitcoin standard,” holding at least 1,000 BTC in their corporate treasuries. The ETF will focus on firms with a market capitalization of at least $100...Read More
