Bitcoin pioneer Adam Backs bold prediction of BTC reaching $10 million per coin has resurfaced, fueling speculation about its long-term potential. Bitcoin historian Pete Rizzo recently highlighted Backs past forecast, which projected a $200 trillion market cap by 2032, aligning with the next two Bitcoin halvings.

A recent discussion in the cryptocurrency space put Samson Mow, a well-known Bitcoin advocate and CEO of JAN3, in the spotlight. Mow, a firm believer in Bitcoins potential to reach $1,000,000, was asked about JAN3s revenue model despite its focus on hyperbitcoinization.

Bitcoin experienced a sharp drop following the release of higher-than-expected U.S. Consumer Price Index (CPI) data for January. The CPI annual rate came in at 3.3%, exceeding analysts expectations of 3.1% and marking an increase from Decembers 3.2%.

Institutional adoption of Bitcoin (BTC) could surge as 20 U.S. states advance legislation to establish Bitcoin reserves. If enacted, these proposals could lead to the purchase of approximately 247,000 BTC, valued at around $23 billion.

The first inflation report of 2025 came in hotter than expected, with the Consumer Price Index (CPI) rising 3% year-over-year in January, surpassing analyst projections. Markets reacted swiftlySP 500, Nasdaq-100, and Dow futures dropped over 1%, while Bitcoin (BTC) tumbled 2.4% within 15 minutes.

The cryptocurrency market has been unusually quiet, leading to rare patterns forming on price charts. One such anomaly has emerged in the XRP vs.

Bitcoins price volatility continues to create uncertainty as institutional investors adopt contrasting strategies. On-chain data from Arkham reveals that major financial firms managing spot Bitcoin ETFs, including Fidelity, Grayscale, and Invesco, have recently sold portions of their BTC holdings.

San Diego-based energy storage firm KULR (NYSE: KULR) continues to expand its Bitcoin holdings, reaffirming its commitment to BTC as a treasury asset. The company, which serves aerospace and defense clients, has now accumulated 610.3 BTCworth over $59 millionfollowing its latest $10 million purchase.

Ether's price briefly spiked 3.5% on the news that asset manager 21Shares plans to add staking to its spot Ether ETF.

In late November, retail investor demand for Bitcoin surged significantly, reaching a peak on Nov. 27 that seemed to cap off a period of heightened enthusiasm among small Bitcoin holders. During that time, many new and existing participants aggressively entered the market, chasing the price momentum that had begun to build earlier in the quarter.

Will the SEC halt its Ripple appeal? The closed-door meeting may impact XRP's legal battle, ETF prospects, and crypto market sentiment.

With $98.53B in weekly transactions and a $1.17B net outflow, whales are accumulating, fueling DeFi and OTC trading.

The price of Ethereum has completely pared off its losses in the past 24 hours after 21Shares filed a proposal to offer staking services on spot ETH ETF products. For a coin that traded as low as $2,551.17 in the past 24 hours, it is now changing hands for $2,794.86, up 4.73% at the time

The Cboe BZX Exchange, Inc. has submitted a proposal to enable staking for the 21Shares Core Ethereum exchange-traded fund (ETF).

Goldman Sachs has ramped up its spot Bitcoin exchange-traded fund (ETF) holdings to over $1.5 billion, underscoring its deepening commitment to cryptocurrencies in the final quarter of 2024.

Robinhood reported a staggering 400% surge in crypto trading volume in the fourth quarter, reaching $70 billion, as retail investors flocked back to digital assets amid Bitcoin's (BTC) rally past $100,000 and renewed enthusiasm for the broader crypto market. The brokerage's total transaction-based revenue more than doubled year-over-year, climbing 200% to $672 million.

President Donald Trump has chosen ex-Bitfury CLO Jonathan Gould to lead the Office of the Comptroller of the Currency, per reports.

Despite increased negative side factors, demand for Ethereum remains high and positions ETH for recovery.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently attracted significant attention after a group of crypto whales purchased 600,000 ETH in just one week. This considerable acquisition raises several questions about what the future holds for Ethereum's price.

Bloomberg Intelligence ETF analyst James Seyffart alluded to the filing being the first ETF to file with the SEC to allow for staking.

The Wyoming Highway Patrol Association (WHPA) and Proof of Workforce have partnered up for a landmark Bitcoin initiative. The initiative aligns with the “Get Off Zero” campaign which encourages organizations to start investing in Bitcoin.

Bitcoin (BTC) is currently stuck in a tight range, hovering between $90,000 and $110,000. Despite multiple attempts to break higher, it finds itself repeatedly pulled back.

In his testimony on Tuesday, Federal Reserve Chair Jerome Powell dampened hopes for another round of quantitative easing (QE), reiterating that “QE is a tool we only use when rates are already at zero” and that the Fed remains “a long ways away from ending QT.” This stance challenges the notion that a quick pivot to aggressive easing might buoy Bitcoin and the entire crypto market as it did in past cycles.

Energy management firm KULR Technology Group has added more Bitcoin to its balance sheet, and now holds about $60 million worth.

Bitcoin (BTC) has displayed several promising signs, indicating the potential for a short-term price rally. Following a period of uncertainty, key market indicators have shifted in favor of bullish sentiment, leading many to speculate that the cryptocurrency might soon see a significant price surge.

Bitcoin traded between $96,992 and $97,447 over the last hour on November 25, 2024, with a market capitalization of $1.92 trillion, a 24-hour trade volume of $47 billion, and an intraday price range spanning $94,119 to $97,577, reflecting a period of consolidation amid broader market uncertainties.

Dogecoin currently boasts a bearish outlook, having dropped below the $0.30 psychological level and is now at risk of losing the $0.20 level. This bearish outlook is further strengthened by a drop in DOGE's social sentiment, mirroring Ethereum, which has also suffered significant price crashes.

Shiba Inu has been stuck in a persistent downtrend, with recovery attempts consistently failing. The meme coin has struggled to break through key resistance levels, and investor sentiment remains lackluster due to ongoing losses.

Matthew Sigel, Head of Digital Asset Research at VanEck, has estimated that Bitcoin strategic reserve bills proposed in multiple U.S. states could lead to the purchase of approximately 247,000 BTC. If enacted, these bills could generate $23 billion in buying pressure, adding a new dimension to state-level financial strategies.

Plume Network and Mercado Bitcoin announce a $40M tokenization initiative, bringing asset-backed securities, corporate debt, and consumer credit onto the blockchain. This collaboration aims to expand financial accessibility in Brazil and connect global investors with new yield opportunities. The post Digital Asset Platform Mercado Bitcoin and Plume Network Tokenize $40M in Brazilian Assets appeared first on Cryptonews.

Ethereum tokens to the tune of 224,410 were pulled out of exchanges in the last 48 hours, causing a huge wave of withdrawals that have rocked the cryptocurrency scene. According to Santiment data, the massive exodus that took place on February 8 and 9 represents the largest net outflow in almost two years.

At least 16 states have introduced legislation for Bitcoin and digital asset reserves, following in President Trump's footsteps at the national level.

Currently, 20 US states have active proposals to create their own Bitcoin Reserve, several of which are advancing. These bills contain legal obligations to purchase $23 billion in Bitcoin, which would fuel huge demand.

The United States has released Alexander Vinnik, the Russian co-founder of the Bitcoin (CRYPTO: BTC)-e cryptocurrency exchange, as part of a negotiated agreement with Moscow. What Happened: His release follows that of Marc Fogel, an American detained in Russia since 2021, The Wall Street Journal reported.

ARK Invest's Cathie Wood says that the chances of Bitcoin (BTC) eventually hitting $1.5 million are improving for one key reason. In a new update to investors, Wood says that it's looking more likely that Bitcoin will increase by 1,455% its current value due to increasing adoption by financial institutions.

Institutional investors are making headlines again. Recent reports reveal that global asset manager BlackRock has been quietly ramping up its crypto exposure. According to a report on CryptoPanic, the asset management company is on a buying spree that now includes Ethereum and a range of altcoins.

A new analysis by VanEck suggests that 20 state-level Bitcoin reserve bills, if enacted, could lead to $23 billion in Bitcoin purchases, equivalent to 247,000 BTC.

U.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower. Fed Chair Jerome Powell is expected to speak before U.S. House representatives after telling Senate lawmakers the economy is in a good place and he is committed to addressing the "debanking" of crypto businesses.

Overseas bitcoin buyers are taking the lead over U.S. traders, according to Bitcoin's Coinbase premium indicator. CoinDesk's Christine Lee explains why Asia is more bullish on crypto than America on "Chart of the Day.

The Bitcoin miner ended its fiscal third quarter with $270.7 million in cash and crypto holdings, according to CFO Darcy Daubaras.

Bitcoin-based DeFi protocol Avalon Labs has announced its plan to launch a Bitcoin-backed debt-focused public fund compliant with the US Securities and Exchange Commission (SEC) regulations. In an announcement on X, the firm said this is part of its plan to expand its products in the US.

Asset manager VanEck analyzed 20 state-level Bitcoin reserve bills, and estimates these bills could lead to 242,700 BTC in buying.

Bitcoiners shouldn't sit around and wait for fiat banks and financial companies to offer services built on Bitcoin, we should do it ourselves.

The price of Ethereum (ETH) is stabilizing above the $2,500 support level after falling on February 7.

The cryptocurrency market has suffered a dramatic downturn, losing a staggering $54 billion in just 24 hours. This sharp decline has dropped the total market capitalization to $3.07 trillion, slipping below the important $3.1 trillion threshold.

Crypto markets are stabilizing and trending upward after an initial drop following the higher-than-expected COnsumer Price Inflation report. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,166.74 +2.2% Ethereum (CRYPTO: ETH) $2,679.72 +3.4% Solana (CRYPTO: SOL) $193.42 -1% XRP (CRYPTO: XRP) $2.44 +2.7% Dogecoin (CRYPTO: DOGE) $0.2612 +4.6% Shiba Inu (CRYPTO: SHIB) $0.00001680 +8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 3.2% and daily active addresses grew by 2.6%.

zkLend offered the hacker a 10% bounty, allowing them to keep 400 ETH if they return 3,300 ETH by Feb 14, releasing them from liability.

Bitcoin corrects after a shocking CPI print, potential BTC miner sell pressure and concerning macroeconomic developments.