Russia just put Bitcoin at the center of its economic chessboard. Earlier today, President Vladimir Putin signed a law that not only recognizes Bitcoin and other cryptocurrencies as legal property but also brings a lot of new regulations to the industry.
Bitcoin touched $100,000 on the CME Futures platform, while the token's spot price lagged slightly during Thanksgiving.
The crypto analytics firm Santiment says Bitcoin (BTC) is likely heading higher if one key trend continues. According to Santiment, if the Mean Dollar Invested Age (MDIA) metric keeps declining, the chances are high for Bitcoin to start surging again.
Whales consistently play a significant role in shaping crypto market prices, making it worthwhile to track their buying activity for potential gains.
Bittensor and Theta have also recorded double-digit gains in the past 24 hours, hitting levels that bulls could strengthen at to add to the upside momentum. Meanwhile, the global crypto market cap has jumped 2% to $3.37 trillion, benefitting from Bitcoin's spike above $97,000.
CryptoQuant's P&L and Bull-Bear Market Indicator show BTC is still below overvalued territory; hence, the cryptocurrency has more room for growth.
Bitcoin whales have been taking advantage of the flagship cryptocurrency's recent price dip to keep on accumulating BTC after short-term holders moved nearly $4 billion in the cryptocurrency to exchanges. According to CryptoQuant analyst Cauê Oliveira, Bitcoin whales took advantage of the “panic selling” to accumulate, with 16,000 BTC worth nearly $1.
Raoul Pal, a renowned investor, has issued an epic bullish Bitcoin (BTC) statement that might significantly affect investors' approach to the coin. Pal's statement comes as the broader cryptocurrency market watches whether BTC will surpass the $100,000 level.
Cardano is poised for a massive rally as it has broken out from an inverted head-and-shoulder pattern.
Dogecoin and other meme coins are gaining after Thanksgiving as Bitcoin potentially gears up for another run at $100,000.
The market remains bullish despite sellers' pressure, according to CoinStats.
A recent report by SlowMist has uncovered over 8,620 Solana wallets with potential ties to the DEXX memecoin trading platform, which suffered a security breach due to a system vulnerability, affecting at least 900 individuals. The post Over 8,600 Solana Wallets Linked to Dexx Hacker: SlowMist appeared first on Cryptonews.
Ripple's price has been rallying rapidly over the recent weeks, making its way toward a new all-time high. Yet, there are some warning signs that could lead to a correction soon.
The Bitcoin market rallied a bit on Friday, as traders continue to see the dips as reasons to get involved. At this point in time, the market sees the $90,000 level as a major support level, and the $100,000 level as a major ceiling.
As has just been revealed, the U.S. branch of one of the largest and oldest cryptocurrency exchanges, Bitstamp, will flood the now popular Solana (SOL) and Pepe Coin (PEPE). The listing became known from the official X account of the exchange.
In the last hour, bitcoin's price is coasting along between $97,865 to $98,580 on Nov. 29, 2024, after a bullish rally that pushed the market cap to $1.95 trillion. The cryptocurrency's technical indicators suggest a strong upward momentum across multiple timeframes, though significant resistance looms near the $100,000 mark.
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Despite the recent Bitcoin crash, Ethereum (ETH) price trades today at as of . Surprisingly, ETH performance during the recent crash is much better than most altcoins.
Will fund managers file for a Dogecoin exchange-traded fund? "Everything is on the table under the new administration," one expert says.
XRP has skyrocketed to $1.60, achieving its highest price in 2024, while Cardano breached the $1 mark, currently trading at $1.07. What does the future hold for ADA price?
Ethereum (ETH) is once again in the news, but this time it's good news for buyers. Recent data shows that over 90% of Ethereum users are now making money because the price of the cryptocurrency has risen to impressive levels.
Despite bitcoin rebounding above $98,000, a strengthening U.S. dollar could pose a headwind for further gains.
At the time of writing, the wider crypto market is looking rather bullish. Driven by the impressive surge in Bitcoin (BTC) prices following the 2024 U.S. presidential election, many altcoins and meme coins have followed suit.
The investment firm plans to “systematically increase” its Bitcoin holdings through a ¥9.5 billion stock issuance to raise funds.
The UK Court of Appeal has firmly rejected Craig Steven Wright's (CSW) application to appeal his case asserting he is Satoshi Nakamoto, the creator of Bitcoin. The dismissal of Wright's appeal effectively nullifies his claims, reinforcing the prevailing consensus that he is not the individual behind the pseudonym.
XRP's market capitalization is gradually increasing toward the $100 billion mark.
The massive spike in the price of bitcoin will create urgency around investing in crypto and scammers use that sense of urgency to steal, according to the Identity Theft Resource Center.
XRP, the native token of Ripple, is making waves in the realm of cryptocurrency with its impressive upside momentum. With a significant price surge of over 17%, XRP has outperformed top assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptocurrencies.
Ethereum ETFs have recently outperformed their Bitcoin counterparts in terms of net inflows over the last four trading days. According to data, Ether ETFs recorded net inflows of $224.9 million between November 22 and November 27, while Bitcoin ETFs accumulated only $35.2 million during the same period.
Metaplanet plans ¥62M fundraising to acquire 652 BTC, bolstering holdings amid yen depreciation concerns.
Russia's Federation Council – the country's upper house of parliament – has approved a landmark cryptocurrency taxation bill. Among its key provisions, the legislation imposes a maximum tax rate of 15% on Bitcoin (BTC) and other digital asset mining operations.
In an interview at the New Orleans Investment Conference on Thursday, Peter Schiff, chief market strategist of Euro Pacific Asset Management, expressed skepticism about cryptocurrency while remaining bullish on gold. Speaking with Kitco News, Schiff maintained a positive outlook for gold prices, noting that the precious metal is in “uncharted territory” with “no resistance.
Russia's most senior crypto legislation architect has ruled out the creation of a national Bitcoin reserve. The post Top Russian Lawmaker Rules Out Creating a National Bitcoin Reserve appeared first on Cryptonews.
Ethereum (ETH) could be poised for a new record high as the second-ranked cryptocurrency by market cap mimics Bitcoin's (BTC) past bull run.
Ripple price is in a strong bull run, fueled by positive momentum and favorable ecosystem developments. Ripple (XRP) has risen for four consecutive weeks, reaching $1.70, its highest level since May 2021.
Ethereum [ETH] has recently seen an impressive surge in institutional interest, with CME Futures Open Interest (OI) reaching a record high of 662,600 ETH, or approximately $2.5 billion. This marks a significant jump from the 350,950 ETH recorded earlier in November, just before the U.S. Presidential elections.
Ether has been showcasing incredible performance this bull season. A streak of inflows into the US-listed spot Ether ETFs, the rising activity on the Ethereum blockchain, and the increased institutional interest could all drive Ether to beat its three-year-old price record in the coming months.
The Solana ecosystem has been dealt a significant blow in the form of yet another hack. This time, security analysts have identified more than 8,620 Solana wallets associated with the DEXX hack.
The Solana blockchain community has voiced concerns about Coinbase, citing prolonged transaction delays for the network. On social media platform X, screenshots shared by several Solana users revealed that transactions on the blockchain took up to 45 minutes to process.
Leading crypto asset manager Bitwise Asset Management has delivered a substantial boost to the XRP ecosystem by announcing the rebranding of its European XRP ETF to the Bitwise Physical XRP ETP.
Localized geopolitical conflicts are rising with global risks looming.
Pav Hundal, the lead analyst at Swyftx, believes altcoins remain in a cycle of massive gains and pullbacks until Bitcoin reaches the $100,000 level. The analyst also suggested that while several coins, including some memecoins, have been outperforming the top cryptocurrency, altcoins will remain shaky until BTC manages an ‘exuberant move' during the bull run.
An unidentified large XRP transfer was seen in recent hours when, according to a report from Whale Alert, 35 million XRP was transferred between two unknown wallets, which is equivalent to $58.29 million so far.
Solana's native $SOL coin may dip soon, and it may be a hair-raising dip, but it will quickly recover and set a new all-time high (ATH), according to one analyst. Web3 X commentator D£_MaRiO (@w3_alpha091) made the prediction, and suggested Solana could tumble from its relatively high current price of $243 (7.
Solana price, a Layer 1 blockchain token, has surged significantly this month, driven by robust bullish momentum in the cryptocurrency market. November has proven to be a month of remarkable gains for SOL, with its price climbing by over 40%, signaling the potential for further upward movement.
Based on the growing global money supply projected to peak at $127 trillion in January 2026, some analysts predict a Bitcoin cycle top above $132,000.
The UK Court of Appeal suggested that Craig Wright's appeal grounds contained “multiple falsehoods,” including reliance upon some “fictitious authorities.”
Mike McGlone, the chief commodity strategist at Bloomberg Intelligence, has taken to his X account to share part of the recent report published by the analytics agency he works for and mention that Bitcoin and a few other assets have been massively outpacing one fundamental asset lately – crude oil.