Trump's crypto czar David Sacks confirmed on Fox News that a national BTC reserve is being studied, but the market isn't buying it
In 2014, Bitcoin showed a change of -57.6%. In 2018 and 2022, it also showcased -73.3% and -64.3% changes, respectively. This implies that the Bitcoin market follows a four-year boom and bust cycle. In short, every fourth year, the market experiences a crash.
The crypto market has taken a notable upswing, after the FED's decision to keep the rates unchanged at 4.25% to 4.5%. As a result, the market cap of the business has soared by 2.63% to $3.56 trillion. Traders and investors have helped shoot up the intraday trade volumes by 12.65% to $128.32 billion.
Tesla reported a $600 million gain from its Bitcoin holdings in Q4 2024, thanks to new FASB accounting rules.
Inflows into U.S. spot Bitcoin ETFs remain weak for the second consecutive day as the Federal Open Market Committee's decision yesterday to keep interest rates unchanged weighs on investor sentiment.
El Salvador has made a big change to its Bitcoin laws to follow the rules set by the International Monetary Fund (IMF). This change comes as part of a $1.4 billion loan agreement with the IMF, which asked the country to reduce its involvement with Bitcoin.
Tesla saw a boost in its financial performance in the fourth quarter of 2024, thanks in part to its Bitcoin holdings.
Analysts observing previous BTC bull market said the outlook remains constructive while long-term holders continue to distribute their coins.
Under Trump's leadership, Bitcoin has found its place in the mainstream financial system, and companies are finding new ways to incorporate it into their financial strategies.
Bitcoin rose to $105,000 following the Fed's decision to hold rates steady, with Chair Jerome Powell signaling openness to crypto banking.
CME Group, the worlds top derivatives marketplace, will introduce options on Bitcoin Friday futures on February 24, pending regulatory approval. These financially-settled options will offer expirations every business day, enhancing traders flexibility in managing short-term Bitcoin price risk.
Changpeng Zhao is once again stirring discussions on national Bitcoin adoption. The Czech Republics central bank has proposed allocating 5% of its reservesaround $7.3 billioninto Bitcoin, potentially securing over 71,000 BTC at current prices.
Illinois and Indiana have introduced bills to establish a Strategic Bitcoin Reserve. They join a growing list of US states exploring Bitcoin as a financial asset.
Mark Karpeles, former CEO of Mt. Gox, recently shared insights on Bitcoins role in shaping modern finance.
Shiba Inu (SHIB) is witnessing one of 2025s most significant price declines, resembling a falling knife pattern. The token has dropped to $0.00001817, with $0.000020 now acting as resistance.
Bitcoin (BTC) has experienced sharp price fluctuations, trading between $100,238.19 and $103,730.82 in the past 24 hours. Amid this volatility, CryptoQuant CEO Ki Young Ju has issued a cautionary warning to investors, citing increased taker sell pressure.
The price of Bitcoin, the leading cryptocurrency, has managed to reclaim the $105,000 level despite the Federal Reserve's hawkishness.
The legislation reportedly rolls back a previous mandate that businesses accept Bitcoin for payments.
The Czech National Bank (CNB) is considering investing 5% of its €140 billion in foreign reserves into Bitcoin. If approved, this would make the Czech Republic one of the first major Western countries to include cryptocurrency as part of its official foreign reserve holdings.
The crypto prices today, January 30, have brewed significant optimism among investors despite unchanged interest rates in the latest U.S. FOMC meeting. Bitcoin (BTC) price recovered to trade near the $105K level, whereas top altcoins such as Ethereum (ETH), Solana (SOL), and XRP also pumped in sync.
A new accounting rule helped Tesla report a $600M gain on digital assets in Q4, as their total value jumped to $1.08B. The post Tesla Enjoys $600M Bitcoin Profit Jump After Accounting Rule Change appeared first on Cryptonews.
Illinois may soon become the first U.S. state to hold Bitcoin in its fiscal reserves if lawmakers approve the Strategic Bitcoin Reserve proposal.
Bitcoin and altcoins rally after the Fed's rate pause, with BTC breaking out of a bull flag pattern and targeting $116K. Powell's crypto remarks and Trump's policies fuel further optimism.
SEC's closed meeting sparks speculation on Ripple's case. Will a leadership shift end the legal battle and drive XRP to new highs?
Bitcoin (BTC) has been experiencing a strong accumulation phase, with nearly 4.85 million BTC withdrawn from exchanges since 2020. This surge in withdrawals highlights an increasing trend among investors to hold onto their Bitcoin, removing it from centralized exchanges (CEX) and signaling a belief in Bitcoin's long-term value.
Tesla's net income was boosted by a recent change in how companies account for their holdings of digital currencies.
Bitwise's Matt Hougan said crypto wouldn't “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before.
Bitcoin price started a fresh upward move above $102,000. BTC is rising and might gain pace for a move above the $105,000 resistance zone.
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024.
Metaplanet raised $760M to buy 10,000 BTC by 2025, adopting MicroStrategy's strategy as its stock surged 245% since November.
Tesla's Bitcoin holdings rose by $600 million in the fourth quarter after implementing a new accounting rule.
El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary.
Bitcoin has experienced significant volatility in recent days, navigating through bearish sentiment and market uncertainty. Despite this, BTC remains strong above the $100K mark, holding a key psychological and technical level.
Bitcoin shot up 4.5% on Jan. 29, climbing to around $105,000 after the Federal Reserve decided to hold interest rates steady. Traders snapped back to riskier assets after five straight days of losses.
The operation will mine Bitcoin and several other tokens as part of the firm's broader venture mining push.
Steve Kurz, Galaxy global head of asset management, joins 'Fast Money' live in Miami talks the direction of crypto in 2025.
Bitcoin is once again gaining traction, and a discernible increase in trading volume indicates that market volatility is returning. The price is resilient above important support levels, currently trading at about $102,700.
Bitcoin sees reduced exposure as traders tread carefully, but the odds of a major crash remain unlikely.
Bitcoin has experienced heightened volatility in recent days, with price action fluctuating between key levels amid ongoing bearish sentiment and market uncertainty. However, despite the turbulence, BTC remains resilient above the crucial $100,000 mark, signaling strength in the long-term trend.
The gain reflects a new accounting adjustment, lifting Tesla's reported digital asset value to $1.076 billion from $184 million.
Bitcoin (BTC) has recently made a sharp rebound after dipping below $100,000, surging 4.73% to settle just above $102,000. This price recovery follows a brief period of decline, fueling renewed optimism in the market.
Bitwise CIO Matt Hougan has suggested that the four-year cycle that has previously characterised Bitcoin could be disrupted by the latest executive order from president of the United States, Donald Trump. The cycle that has alternatively shown gains for three years and then a correction may not occur in 2026 as expected.
Dan Patrick, Lieutenant Governor for the State of Texas, listed Bitcoin Reserve as a top priority for 2025. Other industry-adjacent priorities include “Texas D.O.G.E.
CME Group announced on Jan. 29 that it would introduce options on its Bitcoin (BTC) Friday futures. The new contracts will launch on Feb. 24.
DeepSeek's launch triggered $534M in crypto outflows, crashing Bitcoin and Ethereum ETFs, while XRP defied the trend with fresh inflows.
Bitcoin bounced after comments from U.S. Federal Reserve chair Jerome Powell at the FOMC signaled banks' ability to serve crypto clients.
Texas Lieutenant Governor Dan Patrick revealed that establishing a Bitcoin reserve in the state will be among 2025's legislative priorities.
During a confirmation hearing to become Commerce Secretary, the billionaire Bitcoin backer faced questions about his firm's ties to Tether.