Illinois has taken a significant step towards integrating crypto into its financial framework with the introduction of House Bill 1844 (HB1844).
Bitcoin is "hanging in there" despite the Fed causing volatility in the equities market, according to Santiment.
Norway's sovereign wealth fund saw a 153% year-over-year increase in indirect bitcoin exposure in 2024, according to K33 Research.
Tesla has announced a $600 million paper gain from its Bitcoin holdings in the fourth quarter of 2024, attributed to new accounting regulations.
JPMorgan analysts have identified that Bitcoin exhibits its highest correlation with small-cap tech stocks, particularly those in the Russell 2000 tech sector.
Bitcoin (BTC), the world's largest cryptocurrency, has once again defied market expectations by surging past the $105,000 mark. Despite the Federal Reserve maintaining its hawkish stance on interest rates, the digital asset continues to show resilience, demonstrating its ability to decouple from traditional markets.
Standard Chartered see bitcoin reaching $130,000 in the next two months as institutional inflows accelerate and market sentiment shifts.
Standard Chartered‘s Geoffrey Kendrick on Thursday predicted that Bitcoin (CRYPTO: BTC) will reach a new all-time high in the coming days, forecasting a price range of $112,000 to $130,000 for February and March. Kendrick's bullish outlook follows a recent market correction and is supported by various factors, including improved market positioning, positive regulatory developments and potential central bank adoption.
Crypto analyst Michaël van de Poppe said that there is a high chance Bitcoin will hit a new all-time high in the coming weeks.
Tesla reports a $600 million gain from its Bitcoin holdings. Despite getting a hike from its Bitcoin holding Tesla missed analysts' expectations.
In a move to meet the requirements of a $1.4 billion loan agreement with the International Monetary Fund (IMF), El Salvador has made significant changes to its Bitcoin law. The country, which made headlines in 2021 as the first to adopt Bitcoin as legal tender, has now shifted its stance on Bitcoin payments for businesses.
BTC added nearly 3% in the past 24 hours after the FOMC meeting, reversing all losses from a Monday bloodbath that saw prices drop as much as 8%.
TL;DR Tesla's Bitcoin Surge: Tesla's BTC holdings soared to nearly $1 billion in Q4 2024, with a $600M gain driven by a cryptocurrency rally and a new accounting rule. Accounting Rule Shift: A FASB update let Tesla mark Bitcoin to market value, boosting earnings by reflecting unrealized gains instead of only losses.
Czech National Bank (CNB) Governor Aleš Michl said in a recent interview that he is set to present a Bitcoin investment plan to the board on Thursday, which, if approved, could see the apex bank potentially acquire $7 billion in BTC as part of its diversification strategy.
Texas prioritizes a state Bitcoin reserve, joining other states in the crypto reserve race. Senate Bill 21 advances Texas' digital asset strategy, enabling Bitcoin reserves via taxes and donations.
Jake Teshka, the representative of the US state of Indiana, has introduced legislative bill to seek Bitcoin ETF exposure for retirement funds. The regulated BTC ETFs made strong inroads into the US market last year with the total assets under management across 12 ETFs crossing $122 billion.
Grayscale has introduced the Grayscale Bitcoin Miners ETF (MNRS), providing investors with exposure to companies operating in the Bitcoin mining industry.
Illinois has become the latest state to propose a Bitcoin reserve, joining a growing list of states advancing similar bills.
TL;DR Halving Cycle Meets Institutional Demand: Bitcoin's four-year price cycle, driven by programmed supply cuts (halvings), faces disruption as institutional investors—via ETFs and corporate holdings. Regulatory Progress Eases Institutional Entry: Clearer crypto regulations, spurred by Trump's 2025 executive order, have legitimized Bitcoin for traditional finance.
The shares are now available at a deep discount, the report said.
Bitcoin, despite its 10% increase since January, could face a major correction as gold outperforms with annual gains of 20%. This inverse dynamic between the two assets raises concerns about an imminent reversal in the crypto market.
Tesla remains a top corporate Bitcoin holder, with its 11,509 BTC stash placing it among the largest publicly traded companies in crypto.
Riot Platforms is facing increased pressure from activist investors, with investment firm D.E. Shaw acquiring a stake in the company.
Wednesday's statement at the FOMC meeting by Fed Chairman Jerome Powell, that banks are perfectly capable of custodying Bitcoin, has led to a renewed surge from the king of the cryptos. Can the all-time high be reached, or is this just a spurt into a top that is already forming?
Despite regulatory changes, El Salvador maintains its vision of a crypto-powered economy.
These new financially settled contracts will expire daily from Monday to Friday.
The correlation tends to peak during periods of strong tech market performance or sell-offs, JPMorgan analysts said.
As Bitcoin reclaims the $105k level, bulls anticipate a prolonged rally to cross beyond the $100k mark. Should you consider grabbing Bitcoin before the 2025 crypto bull run begins?
A popular crypto trader thinks current market dynamics suggest Bitcoin (BTC) is still primed to surge toward higher prices. The pseudonymous analyst known as Credible Crypto tells his 460,300 followers on the social media platform X that the ongoing altcoin capitulation is not characteristic of a market top.
The Lone Star State could become the first American state to officially establish a bitcoin reserve. Dan Patrick, the Lieutenant Governor of Texas, has included this project among the legislative priorities for 2025, marking a decisive milestone in the institutional adoption of cryptocurrencies in the United States.
The two tokens' relative performance is more a sign of bitcoin strength than ether's weakness, one observer said.
SUI, LTC, and HYPE have jumped the most from the larger-cap alts.
Illinois lawmakers are considering legislation to establish the first state-level Bitcoin reserve in the United States, while similar initiatives gain traction in Texas and the Czech Republic explores national-level cryptocurrency adoption.
Bitcoin (BTC) has regained the $105,000 level after a severe market correction earlier this week drove it down to as low as $98,500. The world's leading cryptocurrency has recovered since trading at $105,121.
Can BTC's price spike by 75% before the bears potentially take control?
Bitcoin demonstrated market resilience by rebounding 4% to $105,031 following the Federal Reserve's decision to maintain current interest rates, supported by positive regulatory signals and broader market optimism.
El Salvador's Legislative Assembly has approved amendments to its Bitcoin law to align with a deal struck with the International Monetary Fund (IMF) for a loan. The decision will slightly shift the country's approach to crypto regulation, where accepting BTC payments will become optional for private businesses.
You can click on this news section to read its content. It seems somehow there is no meta tag description available for this news article.
Federal Reserve Chair Powell confirmed banks can serve crypto clients with proper risk management, leading to a 3.3% Bitcoin price increase
Bitcoin (BTC) has maintained its position above the $100,000 mark despite a recent 2.36% drop over the past week, signaling the continued strength of institutional demand. While U.S. institutions have been major drivers of the rally, fueling the cryptocurrency's recent gains, there are signs that the market could face further turbulence.
Investment firm D.E. Shaw has reportedly acquired a stake in Bitcoin miner Riot Platforms.
Bitwise CEO Matt Hougan has downplayed the recent crypto crash, hinting at a long-term recovery for Bitcoin (BTC) and Ethereum (ETH). The crypto downtrend wiped billions off the market cap as traders moved with whales dumping assets.
Indiana State Representative Jake Teshka authored House Bill 1322, which would allow retirement funds to invest in certain Bitcoin exchange-traded funds (ETFs). The bill included public pension funds held by state officers, the state teachers' retirement fund, and the public employees' retirement fund.
In recent developments, speculations have soared over Elon Musk's X Money to include Bitcoin after BTC pushed Tesla's Q4 net income to $600 million. What's strengthening this speculation is a post by X CEO, Linda Yaccarino about a newly entered partnership with Visa.
According to an X post by Vetle Lunde, Head of Research at K33 Research, Norway's sovereign wealth fund, called Norges Bank Investment Management (NBIM), saw its indirect Bitcoin (BTC) exposure rise by 153% in 2024.
Tesla, the leading e-car manufacturer, has reported a $600 million profit stemming from its Bitcoin holdings in the fourth quarter of the year.
Bitcoin price has a renewed optimism about it propelled by a growing reality that more governments want to include it in their reserves.
Every decision made by the American Federal Reserve shapes the global economy and influences the cost of credit, the direction of investments, and the stability of financial markets. At its first meeting of 2025, the Federal Open Market Committee (FOMC) chose to keep interest rates unchanged, despite Donald Trump's persistent calls for monetary easing.