Crypto Takes Off in Panama: City to Accept Bitcoin, Ethereum for Public Services
Panama City has embraced a new system for paying public services with Bitcoin, Ethereum, USDC, and USDT, using local bank partnership.
Keep up with what's happening in the crypto world in real-time.
Panama City has embraced a new system for paying public services with Bitcoin, Ethereum, USDC, and USDT, using local bank partnership.
While markets nervously scrutinize the signals from the Federal Reserve, Michael Saylor, Executive Chairman of Strategy and a leading figure in Bitcoin maximalism, surprises everyone with a statement as enigmatic as it is calculated. On X, he posts a phrase: "Bitcoin is a chess game," accompanied by an AI-generated image of him posing in front of a chessboard.
US-based crypto trading platforms regaining influence over Bitcoin's (BTC) token transfer volumes could possibly kick-start a rally in the second half of 2025. Bitcoin researcher Axel Adler Jr pointed out that the "US vs.
Whales are making some major moves.
The U.S. central bank has been monitoring the impact of Trump's trade war on the labor market and consumer prices.
Bitcoin enjoyed a brief period of upward movement, pushing its price slightly above the $86,000 mark. Presently, the flagship asset appears to be losing its bullish momentum as it revisits levels below $84,000.
BTC dropped by over two grand in minutes.
TL;DR Bitwise listed four new Bitcoin and Ethereum ETPs on the London Stock Exchange, available only to institutional investors in the UK. The products include physical and staking options, with securely custodied assets and low fees, integrable into traditional brokerage accounts.
Volatility has not cleared in the broader digital currency ecosystem, as showcased by the trend in the price of Bitcoin (BTC). Over the past 24 hours, Bitcoin's price has displayed a unique twist that might finally change its trajectory.
The Bitcoin price appears to be moving in lockstep with a bullish prediction made by a crypto analyst earlier this month. According to the analyst's forecast, Bitcoin is set to break out to a new all-time high above $120,000 following the announcement of a temporary tariff pause by United States (US) President Donald Trump.
The digital asset has hovered around the $85K level since Tuesday, but it continues to claw back market share from competing altcoins. Following comments from Federal Reserve Chair Jerome Powell, BTC slipped under the $84K range.
A modest bitcoin rally to a possible challenge of the $86,000 level quickly reversed during U.S. afternoon trading hours on Wednesday as Federal Reserve Chairman Jerome Powell warned on the effects of President Trump's tariff regime.
Bloomberg's editorial board has warned of a potential financial crisis similar to what happened in 2008/9 happening this year as geopolitical risks rise.
Bitcoin (BTC) has risen above $85,000, signaling that the bulls are trying to form a higher low at $83,000. The short-term price action remains susceptible to news related to the US tariffs and the ongoing trade war with China.Gold has been a clear winner during the current bout of macroeconomic uncertainty.
Assessing whether BTC will continue to underperform gold in 2025.
Strive Asset Management's latest push to persuade major corporations to allocate portions of their balance sheet to Bitcoin has landed at the doorstep of Intuit, the $165 billion fintech firm behind TurboTax, Mailchimp, and other prominent software solutions.
Strategy's Bitcoin playbook has seen it outperform tech giants like Apple, Google, and Tesla by a wide margin.
Galaxy Digital CEO Mike Novogratz on Wednesday warned that the U.S. economy is starting to behave like an emerging market. Speaking with CNBC, Novogratz said that macroeconomic instability, including surging interest rates and tariff shocks, is rattling global investors and weakening market confidence.
Bitcoin needs to hold above $80k to avoid deeper correction.
The U.S.-based Bitcoin mining firm has raised more than $300 million in total capital from its investors.
Bitcoin price consolidated around $84,000 on Wednesday, while top altcoins like XRP, Solana, and Ethereum experienced minor sell-offs ranging between 3% and 6% on the 24-hour candle. With bearish sentiment dominating U.S. equities, Bitcoin's prevailing bullish catalysts may persist long enough to fuel a rally toward $100,000.
Tron (TRX), currently trading as the eighth-largest cryptocurrency, is in the spotlight despite the broader bearish market sentiment. Tron has decoupled from Bitcoin (BTC) and Ethereum (ETH), both of which saw declines in the past 24 hours.
The cryptocurrency market remained subdued on Wednesday, struggling to sustain momentum. Bitcoin remained firmly above the $84,000 mark but failed to make any massive up moves. The global cryptocurrency market cap stands at $2.67 trillion, down 0.50% in the past 24 hours. Total market volume over the same period fell 8.30% to $70.63 billion.
The Bitcoin halving is a pre-programmed occurrence after every four years or the mining of every 210,000 blocks. During the halving event, the reward for mining a new block of Bitcoin is reduced by half.