This week is packed with major economic events that could impact Bitcoin's price and overall market sentiment. With crucial data releases and several Federal Reserve speeches lined up, traders and investors should stay alert for possible market swings.
Hong Kong-based investment holding company HK Asia will buy more Bitcoin after securing board approval to expand its cryptocurrency holdings. According to a Feb.
U.S. spot Bitcoin exchange-traded funds have experienced their second consecutive week of over $500 million in outflows leading up to Feb. 21. According to data from SoSoValue, the 12 spot BTC ETFs recorded $559.
Montana's House of Representatives rejected a bill that would have allowed Bitcoin to be a state reserve asset, due to concerns about taxpayer risk.
The cryptocurrency market has taken a slight dip, with the global market cap falling by 1.16% to $3.14 trillion. Despite the downturn, trading activity has surged, with a 13.33% increase in 24-hour volume, reaching $78.12 billion. The Fear & Greed Index has settled at 40, indicating a neutral sentiment among investors.
Yet another strategic Bitcoin reserve (SBR) bill has been submitted to the Georgia Senate.
The crypto market kicked off the week on a bearish note, with Bitcoin (BTC) slipping back to the $95K level, dragging major altcoins lower. Ethereum (ETH), Solana (SOL), and XRP fell between 1% and 5%, while meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also posted losses.
February 24, 2025 05:32:12 UTC Bybit Bounces Back: Fully Secured Client Funds with 400K+ ETH Bybit CEO Ben announced that the company has completely closed its ETH gap. A new audited Proof of Reserves report is on its way, confirming that client funds are now fully backed 1:1 using a merkle tree.
Gold and Bitcoin have long been compared as alternative assets, yet recent market trends have highlighted a stark divergence between the two. As gold approaches its all-time high of $3,000 per ounce, Bitcoin (BTC) struggles to maintain momentum, remaining stuck below the $100,000 mark for much of February 2025.
A key demand zone has formed just below Bitcoin's current price due to significant buying interest in this particular zone. On-chain data from IntoTheBlock shows that 2.76 million addresses have accumulated 2.1 million BTC at this price, creating a strong support base.
Montana joins North Dakota, Wyoming, and Pennsylvania in halting proposals to include Bitcoin in state reserves.
Shares in HK Asia Holdings Limited nearly doubled after it bought its first Bitcoin a week ago, and now the investment firm just bought another 7 BTC.
Crypto Market Today (February 24): A wave of caution engulfed traders and investors as the week kicked off, primarily as Bitcoin (BTC) price waned back to the $95K level. Moreover, Ethereum (ETH), Solana (SOL), and XRP prices also tanked 1%-5%, mimicking the flagship coin.
10x Research's Markus Thielen says the demand for Bitcoin as a long-term asset could be “significantly smaller than the media portrays.”
On February 22, the Montana House of Representatives voted 41-59 against a bill that would have made Bitcoin a state reserve asset. The proposed House Bill No.
Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has recently fueled speculation regarding the company's next major Bitcoin acquisition. His cryptic post on social media has led the cryptocurrency community to believe that another large purchase is imminent.
Bitcoin price failed to gain pace for a move above the $100,000 zone. BTC again declined and is currently consolidating near the $96,000 zone.
Bitcoin is showing strong technical signals of a potential price surge as it trades above key moving averages. The 50-week SMA stands at $74,890, while the 20-week SMA is around $91,070historically reliable support levels in past bull markets.
Bitcoin, the top cryptocurrency, could be on the verge of breaking its all-time high of $108,824 set in January. This isnt just speculationits backed by historical trends.
The Czech National Bank is exploring bitcoin's potential as a reserve asset, with its governor emphasizing the need to adapt to evolving financial markets despite crypto risks.
The price of BTC could be stuck in consolidation for longer than initially anticipated, as the latest on-chain data shows that the Bitcoin Coinbase Premium Index has dropped back beneath zero.
Leading coins remained weak on Sunday as the cryptocurrency market grappled with the massive $1.4 billion hack on cryptocurrency exchange Bybit. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m.
North Korean actors have begun laundering at least 10% of the record $1.46 billion theft through anonymous exchange services, Elliptic says.
Bitcoin (BTC), the world's leading cryptocurrency, recently hit its latest all-time high of $108,824 in January 2025. However, as the spring and early summer months approach, BTC may be poised to break that record sooner than anticipated.
Montana's House of Representatives voted 41-59 against a bill that could have seen the US state establish a Bitcoin reserve.
The Fidelity Wise Origin Bitcoin Fund (FBTC), iShares Bitcoin Trust (IBIT), and ARK 21Shares Bitcoin ETF will be in the spotlight this week as Bitcoin price either breaks out or breaks down. These funds have remained in a tight range in the past few months as BTC has moved sideways.
The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States.
Bitcoin is trading at $95,700 with an overall market capitalization of $1.89 trillion, a 24-hour trading volume of $13.51 billion, and an intraday price range between $94,805 and $96,684, reflecting a consolidation phase amid mixed technical signals.
Bitcoin (BTC) traded range-bound most of Thursday despite an attempt to rebound over the previous day.
If the US acquires 1 million Bitcoin by 2029, it could offset $21 trillion in debt by 2049 – 18% of total US debt, according to VanEck. The post US Bitcoin Reserve Could Solve the National Debt Crisis – VanEck appeared first on Cryptonews.
In the aftermath of the $1.4 billion cybersecurity breach targeting centralized digital asset platform Bybit, onchain evidence reveals that perpetrators have systematically converted a fraction of the pilfered funds into bitcoin (BTC).
At CPAC 2025, Michael Saylor presented an objective account of how bitcoin is reshaping corporate finance and individual economic sovereignty. Saylor Describes Bitcoin's Unique Principles at CPAC 2025 Earlier this week, Strategy founder Michael Saylor addressed CPAC 2025 with a focus on bitcoin's transformative impact on the financial landscape.
Business intelligence firm Strategy, which is known as the leading corporate holder of the flagship cryptocurrency, has updated its profile picture.
Bitcoin price flashes $100,000 rebound signals as new entrants capitalize on the recent Bybit hack impact to buy BTC at low prices. Bitcoin Price Stabilizes at $95K as Altcoin Traders Reallocate Capital Bitcoin (BTC) experienced mild sell-side pressure on Sunday, dropping 3% before stabilizing above $95,500.
Bitcoin (BTC) is showing signs of a potential rally, thanks to the recent crossover of key moving averages (MAs). These technical indicators are fueling optimism among traders, with many expecting a further price increase.
Michael Saylor, co-founder of Strategy (formerly MicroStrategy), hinted that his company is set to resume its massive Bitcoin purchases after a brief one-week pause. This announcement comes as Strategy continues its 21/21 plan, aimed at accumulating even more BTC.
Bitcoin price is pinned below $100,000, but several altcoins are showing sighs of breaking out.
Bitcoin (BTC) is currently trading at $95,895, down 0.93% in 24 hours. U.S. states like South Dakota and Utah show increasing Bitcoin adoption.
Bitcoin's sharp decline following the Bybit hack triggered short-term holder capitulation, signaling a potential local bottom.
Strategy, formerly known as MicroStrategy, may be gearing up for another significant Bitcoin purchase.
Although the cryptocurrency market rally has stalled, the long-term outlook remains bullish, with analysts anticipating sustained gains for assets such as Bitcoin (BTC).
In a crazy quest to save the American economy, VanEck sees bitcoin as a miracle cure. Could a strategic reserve of cryptocurrency really wipe out 21 trillion in debt by 2049?
Bitcoin (BTC), the leading cryptocurrency, which hit its latest all-time high of $108,824 just last month in January, might be gearing up to smash that record sooner than anyone expected. And no, this isn't just another wild guess or hype-driven prediction.
The company continues progressing with its 21/21 plan to purchase more BTC following its most recent $2 billion convertible note offering.
Cryptocurrency prices were mixed last week as concerns about tariffs, interest rates and the $1.4 billion Lazarus Group hack on Bybit. Bitcoin (BTC) price remained below $100,000, while Ethereum (ETH) crashed below the $3,000 mark.
Bitcoin's rangebound trading style is raising eyebrows among both traders and analysts despite the Bybit hack.
Bitcoin and gold have been on highly disparate price trajectories for the past half-year, which spells trouble for the world's largest cryptocurrency.
