Whale Activity Spikes as Bitcoin Reclaims $102,000—What Investors Need To Know
Bitcoin (BTC) has seen a steady price recovery following the recent release of the US Consumer Price Index (CPI) report. It is now trading above $103,000.
Keep up with what's happening in the crypto world in real-time.
Bitcoin (BTC) has seen a steady price recovery following the recent release of the US Consumer Price Index (CPI) report. It is now trading above $103,000.
Bitcoin Spot ETFs experienced a significant surge in inflows, but recent market behavior raises questions about the sustainability of this momentum. The cryptocurrency's rally this week happened despite a lack of positive flows from Bitcoin Spot ETFs, suggesting that the market may be decoupling from the usual correlation between Bitcoin's price action and ETF movements.
With its recent performance demonstrating strength above $100,000, Bitcoin has been rising steadily. A more interesting view can be seen on the chart: Bitcoin might still be in a covert downward trend.
Bitcoin is reportedly approaching a record high as the inauguration of President-elect Donald Trump nears. The cryptocurrency was priced at $104,538 Friday at 2:12 p.m.
As bitcoin's valuation experiences a notable upswing, miners are deriving substantial financial advantages from an elevated hashprice—the metric denoting daily revenue earned per petahash per second (PH/s) of computational power devoted to the Bitcoin network.
Many crypto investors are worried about Bitcoin's uncertainty as the cryptocurrency experienced fluctuations in its price wherein traders saw it being traded above $100,000 and then went down below $90,000.
Massachusetts and Wyoming have formally introduced bills today to establish a strategic Bitcoin reserve for the state. California's state representative has also started proceedings to draft a Bitcoin-focused bill.
Is a U.S. BTC reserve part of Donald Trump presidential inauguration agenda?
A portrait of President-elect Donald Trump, created by arranging block data, has been put onto the Bitcoin blockchain by American miner MARA.
Wyoming and Massachusetts propose strategic Bitcoin reserve bills, blending fiscal stability with innovation. The initiatives aim to utilize Bitcoin's potential for mitigating inflation risks while bolstering financial security, setting a precedent for other states exploring digital assets in public finance. The post Wyoming and Massachusetts Propose Strategic Bitcoin Reserve Legislation appeared first on Cryptonews.
With shifting market dynamics, Bitcoin has moved into positive territory as prices sights key resistance levels. However, due to the volatile nature of crypto assets, the flagship asset's recent uptrend might experience a brief drawback before resuming its upward direction.
A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election surge in early November. Heading into the week, markets were gripped by concerns over inflation and interest rates, pricing in just one rate cut by year-end while the 30-year Treasury yield hovered around 5%.
Brian Armstrong has reportedly discussed potential policy issues related to cryptocurrencies with US President-elect Donald Trump.
Some 15 U.S. States, including Massachusetts, reportedly worked on Bitcoin reserves laws days before Trump's Capitol Rotunda inauguration.
Coinbase CEO Brian Armstrong proposes a US Bitcoin reserve for strategic economic advantage amid growing policy discussions. The post Coinbase advocates for a US government strategic Bitcoin reserve appeared first on Crypto Briefing.
Bitcoin (BTC) regained the $105,000 price level after climbing 5.1% in the past 24 hours. As of press time, the flagship crypto was trading at $105,505, followed by a 10% increase registered by the memecoin sector.
State Bitcoin reserve momentum is still growing, while Coinbase backed the idea of a federal BTC stockpile for the first time publicly.
A widely followed crypto analyst says that Bitcoin (BTC) is on the brink of a move to the upside.
CNBC's Tanaya Macheel joins 'Closing Bell' to discuss crypto and bitcoin hitting a new 2025 high ahead on the inauguration.
Bhutan's government executed two substantial transactions: the first involving 255.26 BTC. This activity coincides with Bitcoin's price resurgence, recently surpassing the $104,000 mark.
A fresh report from Wintermute, a global leader in algorithmic market-making and high-frequency trading (HFT), reveals a staggering 313% growth in the company's over-the-counter (OTC) trading volumes, outpacing the broader 142% uptick in crypto exchange activity. Alongside these figures, the firm shared a series of forward-looking insights for 2025.
Cryptocurrency markets are surging on the last trading day before the presidential inauguration. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $105,607.81 +5.6% Ethereum (CRYPTO: ETH) $3,426.67 +2.8% Solana (CRYPTO: SOL) $216.86 +1.7% XRP (CRYPTO: XRP) $3.24 -4% Dogecoin (CRYPTO: DOGE) $0.4148 +7.6% Shiba Inu (CRYPTO: SHIB) $0.00002403 +7.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 6.4% and daily active addresses falling by 2.9%.
The crypto market came to life on Friday, the last trading day for Wall Street markets before the Trump presidency begins on Monday. Of course, crypto is traded 24/7, but volume and liquidity often fall over the weekend, so traders are building their final positions before the new administration takes over.
In a latest development, Coinbase, the United States' largest crypto exchange, is endorsing the creation of a US strategic Bitcoin reserve. Notably, the endorsement comes just before the second inauguration of Donald Trump and Armstrong's trip to the World Economic Forum.