Bitcoin's recent price rally has been nothing short of impressive. The leading cryptocurrency surged from around $90,000 to hit a new all-time high of $109,357.07 in just one week, marking a significant recovery.
Bitcoin (CRYPTO: BTC) mining reportedly helped Texas avoid $18 billion in energy costs by eliminating the need for new gas peaker plants. What Happened: The findings were made in a Monday report by the Digital Assets Research Institute, which credited the efforts of Electric Reliability Council of Texas CEO Brad Jones in identifying Bitcoin mining as a better alternative to stabilize the Texas electrical grid instead of the costly and polluting gas peaker plants.
The state of Utah has taken a groundbreaking step toward embracing digital currencies by introducing a ‘Strategic Bitcoin Reserve' bill. Spearheaded by Senator Jordan Teuscher, Utah becomes the 11th U.S. state to propose such a reserve, signaling a growing trend among states to incorporate Bitcoin into their financial strategies.
Bitcoin recently achieved a new all-time high, climbing above $109,000 and continuing its strong upward momentum. This performance has further highlighted the disparity between Bitcoin and Ethereum's price trajectories, with Ethereum underperforming in recent months.
The crypto prices today have shown remarkable strength, mainly embarking on upward trajectories. Bitcoin (BTC) price crossed the $105K level amid renewed market interest post-Donald Trump's inauguration, whilst Ethereum (ETH), XRP, and Solana (SOL) have traded dominantly in the green.
Leading U.S.-based firms were competing hard to mine more Bitcoin (CRYPTO: BTC), with many increasingly retaining the newly-created coins for long-term benefits. What happened: American Bitcoin mining companies added nearly 16 ExaHash per second of mining capacity, or an 8% increase, from November-end up to Jan. 15, according to a JPMorgan research report released Thursday.
El Salvador's Bitcoin strategy remains firm as it adds 12 BTC.
Rumble, the Tether-backed video-sharing platform, has made its inaugural Bitcoin purchase, marking the start of a significant corporate strategy aimed at diversifying its treasury. This first acquisition is a key component of Rumble's broader plan to allocate up to $20 million towards Bitcoin, positioning the company within the growing trend of public firms integrating cryptocurrency into their financial strategies.
Ross Ulbricht's full pardon by President Trump marks a monumental victory for Bitcoiners, symbolizing justice for a man who became a beacon for freedom and innovation. This long-awaited moment proves the power of persistence and reminds us to keep advocating for Bitcoin and freedom.
SEC Appeal Sparks Ripple Speculation: A pivotal SEC meeting could influence XRP's future, as investors eye Uyeda's approach to crypto enforcement cases.
Despite Bitcoin's recent surge to over $106,000 and new all-time highs, on-chain data indicates a surprising trend: demand from retail investors has remained significantly low. According to CryptoQuant's latest analysis, the Bitcoin Retail Investor Demand metric, which tracks transactions from smaller holders (those making transactions valued under $10,000), has dropped sharply in recent days.
Amid Bitcoin's ongoing upward momentum in price, a key on-chain Bitcoin metric has been observed that offers clues about the market's next direction. This notable indicator known as the Short-Term Holder Spent Output Profit Ratio (STH SOPR) which reveals the behavior of Short-Term Holders (STHs) has shown that STHs have started to sell at a loss.
Bitcoin price started a fresh increase above the $104,000 zone. BTC is consolidating above $105,000 and might aim for a new all-time high.
Bitcoin maintained its position above $106,000, buoyed by a weakening U.S. dollar and a rally in American equities, as investors balanced their optimism and uncertainty regarding President Donald Trumps anticipated cryptocurrency policies. On January 22, Cointelegraph reported that Bitcoin (BTC) rose 3.8% the previous day, reaching $107,240, partially recovering from recent losses.
Bitcoins daily trading volume soared past $46 billion, marking the fifth-highest daily total in the cryptocurrencys history, according to FalconX research head David Lawant. On January 20, Lawant shared on X (formerly Twitter) that Bitcoin spot trading volume had surpassed $46 billion, stating, This is the largest daily volume ever recorded on a holiday or weekend.
Turns out $49 billion worth of Bitcoin isn't enough: MicroStrategy shareholders just voted to help finance the next wave of BTC purchases.
Bitcoin (BTC), the leading cryptocurrency, made headlines on Martin Luther King Day with a staggering $46 billion in spot trading volume. This impressive figure marks the largest volume ever recorded during a holiday or weekend, according to David Lawant, the head of research at FalconX.
The dollar index cools down as Trump's economic agenda encourages the markets.
Those who convicted Ulbricht were "some of the same lunatics involved in the modern-day weaponization of government against me," Trump wrote Tuesday.
Bitcoin and Ethereum will now make up the Oxbridge Re Holdings' treasury push, as announced on Jan 21.
Solana has seen a sharp 21% drop over the past three days, erasing some of the impressive gains from its recent rally. This sudden reversal is partly attributed to the meme coin frenzy, which initially boosted Solana's ecosystem but has now turned into a liquidity drain, leaving the asset vulnerable to a sell-off.
Brian Armstrong, the CEO of Coinbase, said on Jan. 21st that President Donald Trump is eager to make the United States the first country to have a Bitcoin strategic reserve, beating Russia and China to it. Speaking at the World Economic Forum in Davos, Switzerland on Jan.
The shareholders behind MicroStrategy have voted to dramatically increase the number of shares in a bid to raise funds for additional Bitcoin (BTC). According to a new Bloomberg report, the business intelligence firm, known for its extensive BTC investments, proposed increasing the number of authorized Class A common shares from 330 million to 10.
Negative STH SOPR signals that Bitcoin short-term holders are selling at a loss, raising market concerns.
Bitcoin had an exciting weekend filled with sharp volatility and historic price movements, leaving the market buzzing with anticipation. The cryptocurrency pushed above the $108,000 mark, reaching a new all-time high (ATH) of $109,350.
Senator Cynthia Lummis thinks Bitcoin and digital currencies will succeed in America. After talking with the tech-savvy David Bailey about cryptocurrency, Lummis promised once again that she will work to tie Bitcoin more closely with America's financial systems.
MicroStrategy expands its Bitcoin holdings with an $1.1 billion purchase of 11,000 BTC, as announced by Michael Saylor. The business intelligence firm's total Bitcoin portfolio now stands at 461,000 BTC, valued at $29.3 billion, with an average cost basis of $63,610 per coin. The post MicroStrategy Acquires 11,000 BTC Equivalent to $1.1 Billion appeared first on Cryptonews.
Coinbase CEO Brian Armstrong predicted that Bitcoin (BTC) will reach the “multiple millions price range” if countries begin implementing strategic Bitcoin reserves following the US.
Bitcoin's price action is currently retesting a key support level with several macro-factors in play that could contribute to another strong bullish rally. Possible Breakout for Bitcoin Based on Current Support Level Matrixport's recent bitcoin report highlighted the possibility of a bitcoin price breakout after retesting a critical support level.
Bitcoin price bounces back above $106,000 as the US Dollar Index cools and markets react positively to Trump's pro-America agenda.
Bitcoin's price has been a roller coaster ride for investors, but a new batch of ETFs seeks to offer up to 100% downside protection.
Bitcoin's dip to $100,000 was quickly bought up and its outlook still remains "bright," one analyst said.
Bitcoin (BTC-USD) hit a fresh record high as President Donald Trump returns to the White House. Cryptocurrencies, along with crypto-related stocks like MicroStrategy (MSTR), have gained on crypto investors' optimism under Trump.
In a dramatic gesture that reinforces its stance on Bitcoin, El Salvador has bought 11 BTC for its national reserves, which now amount to 6,044 units. Related Reading: Gold Out, Bitcoin In: 52% Of Americans Choose Crypto Over Traditional Assets—Survey The move follows an agreement with the International Monetary Fund (IMF) for $1.
Michael Saylor's software company MicroStrategy is pushing forward with its Bitcoin buying spree in January, today scooping up about $1.1 billion worth of the orange coin. The move marks the company's 11th week in a row of Bitcoin acquisitions.
Coinbase CEO Brian Armstrong said at the World Economic Forum in Davos that Bitcoin (BTC) is a better form of money than gold amid a “new era” for crypto.
David Bailey, CEO of BTC Inc., shares bold predictions for Bitcoin's future, including its potential to reach $1 million during the Trump presidency. This article delves into the political, economic, and technological forces shaping Bitcoin's role as a global reserve asset and highlights key strategies for investors to align with its transformative potential.
Tuesday's surge in cryptocurrency markets coincides with a wave of ETF filings submitted to the SEC within 24 hours of the Donald Trump administration taking office. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $107,106.40 +3.3% Ethereum (CRYPTO: ETH) $3,335.10 +0.1% Solana (CRYPTO: SOL) $252.85 +2.7% XRP (CRYPTO: XRP) $3.19 +2.2% Dogecoin (CRYPTO: DOGE) $0.3841 +7.2% Shiba Inu (CRYPTO: SHIB) $0.00002102 +2.2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 35.8% and daily active addresses up by 7.3%.
Knowing when to buy and when to sell Bitcoin can be nerve-racking for investors, but a BTC macro cheat sheet from Cane Island Digital could ease the process.
Bitcoin nemesis Peter Schiff has ruffled the feathers of some Bitcoin proponents by classifying the leading cryptocurrency as a "meme coin."
KULR Technology Group continues its aggressive Bitcoin Treasury Strategy with a new purchase of 78.66 BTC for $8M, following its commitment to invest up to 90% of surplus cash in Bitcoin.
American mining giant Critical Metal Corps has made a decisive showcased in its recently unveiled Bitcoin treasury strategy. The company said it plans to start allocating its excess reserve to BTC, a decision approved by its Board of Directors.
Bitcoin (BTC-USD) is facing some pressure after President Donald Trump's inaugural speech did not mention the crypto space, disappointing investors hoping for crypto-friendly executive orders. However, Yahoo Finance senior reporter Alexandra Canal points out on Catalysts that despite the dip, bitcoin still remains above $100,000.
While Bitcoin short-term holders' profit increased, panic selling was also evident around $100,000 despite clear technical support above $95,000.
While Bitcoin short-term holders' profit increased, panic selling was also evident around $100,000 despite clear technical support above $95,000.
Glassnode's Difficulty Regression Model estimates the cost to mine a single BTC at approximately $33,900.
Tron takes a win as the most efficient network in transactions relative to token value. Meanwhile, TRX seems to have found new local bottom but is it enough for a substantial rally?