WisdomTree Funds has filed to establish a Delaware statutory trust entity for its proposed XRP ETF which may be coming soon.

"I think they should drop the XRP case. I would bet that they would," Giancarlo said.

The legislation proposes the creation of a Sovereign Strategic Bitcoin Reserve, cleverly dubbed RESBit.

Bitcoin's $100K path will not be easy and with ups and downs, many predict hitting a large figure will take a path of dips. Bitcoin's recent dip from nearly $100,000 to around $91,000 is stirring up this debate among traders and analysts.

Bitcoin long-term holders need more than a 10% dip from all-time highs to sell BTC en masse, Glassnode reveals.

Congressman Eros Biondini wants to establish the Bitcoin Sovereign Strategic Reserve, also known as RESBit (Reserva Estratégica Soberana de Bitcoins). This reserve would help Brazil's Treasury by adding Bitcoin to its mix of national assets.

Key Points:

Remixpoint, a Japanese energy and automotive firm, jumps on the recent Bitcoin surge by adding $3.2 million worth of BTC to its crypto holdings. In a recent company notice, Remixpoint declared that it has purchased 500 million yen (around $3.

BTC's rally has stalled since Friday for several reasons, including waning demand at record prices. The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December.

Bitcoin (BTC) investors are bracing for potential volatility as analysts highlight a concerning trend: Bitcoin's price has historically tracked the global M2 money supply with a 70-day lag. Following a recent decline in global liquidity, Bitcoin might experience a 20–25% pullback in the near future.

The cryptocurrency market is abuzz with contrasting narratives as two distinct tokens, Keanu (KNU) and Solana (SOL), capture investor attention. Keanu, a relatively new entrant inspired by the cultural phenomenon of Keanu Reeves, is making waves with its meme-driven appeal and charitable ethos.

The rise in prices of cryptocurrencies like Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE), and others may have enabled lower-income households to take out new mortgages to purchase property, a new study revealed. What Happened: A paper by the U.S. Treasury's Office of Financial Research has identified a correlation between the surge in cryptocurrency investments and an increase in debt, particularly mortgages, in areas with high exposure to cryptocurrencies.

Billionaire venture capitalist Tim Draper has long believed Bitcoin (BTC) would surge to $250,000. In 2018, Draper first predicted the top crypto asset would hit $250,000 by 2022. When that failed to happen, the venture capitalist amended the timeline of that prediction until mid-2023.

Next few days could be critical for AVAX's price action on the charts.

Bitcoin has experienced a 7% pullback from its all-time high at $99,800 after failing to break above the psychological $100,000 mark. This retracement, while causing some concern among investors, is seen as a necessary consolidation phase for the cryptocurrency to build strength before continuing its ascent.

Brazilian Congressman Eros Biondini has introduced a bill proposing the creation of a national Bitcoin reserve. The post Brazilian Lawmaker Proposes Bitcoin Reserve to Diversify National Assets appeared first on Cryptonews.

Bitcoin recently flirted with the $100,000 milestone, hitting a high of $99,645, but its rally lost steam, dropping to $93,415—a sharp fall of over 6%. This correction has left investors questioning if this is just a breather or the start of a larger downturn.

President-elect Donald Trump's administration is reportedly planning to grant the Commodity Futures Trading Commission (CFTC) expanded oversight over the cryptocurrency market.

Bitcoin is currently trading slightly above the $93k level and is down by more than one percent in the last 24 hours. The largest cryptocurrency has almost erased the majority of the gains made in the last seven days and is now failing to rise back above the $95k levels.

XRP price previously rose to three-and-a-half year highs, but profit taking took its toll. Here's why I expect it to bounce back.

As Bitcoin (BTC) prices faced a correction on Tuesday, Dan Morehead, founder and managing partner of Pantera Capital, expressed optimism about the cryptocurrency's future. In a recent interview, he suggested that the current market challenges could be temporary and that the rally might not be over.

Flashbots has launched BuilderNet to address the current centralization in the Ethereum block-building process.

Bitcoin's market cap could hit $15 trillion if it reaches $740,000 per coin, Pantera CEO suggests, citing untapped blockchain adoption.

The hackers behind the recent DEXX breach have resumed their operations. According to cybersecurity firm Mistract, the stolen altcoins are now being converted into Solana (SOL) on a large scale, potentially indicating a methodical laundering of funds.

Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion. Activity in the ether options market listed on Deribit is also picking up, with over 2 million contracts active or open at press time, the highest since late June.

Bitcoin investors remain bullish despite a 10% correction, with exchange reserves hitting 2018 lows. On-chain metrics and technical analysis hint at a $100K target by 2024.

MicroStrategy's Bitcoin strategy is very simple: Raising debt to buy Bitcoin and selling shares at a premium to repeat the cycle. Until recently, it had been regarded as outstanding. At the start of November 21, the MicroStrategy price stood at a peak of $535.42. However, since then, it has sharply plummeted by over 33.94%.

Bitcoin price correction may continue further to $88,000 and below if it follows the Global M2 money supply correlation. BTC has already corrected more than 9% in the last four days following the rejection sub $100K level.

The crypto market today has been showing mixed signals, with a significant decline in the prices of numerous cryptocurrencies. The global crypto market cap is presently down by 1.89% in the past 24 hours, taking the numbers to $3.19 trillion.

The cryptocurrency market experienced a bearish trend on November 27, with major tokens like Bitcoin, Ethereum, Solana, and XRP seeing significant losses. However, Fantom and Algorand stood out, recording notable gains amidst the market turbulence. BTC, ETH, SOL, and XRP tokens decline The total crypto market cap has dropped by 2%, standing at $3.

Binance has launched a new campaign on its Square Task Center, offering users a share of $30,000 in BNB rewards by completing daily tasks.

Bitcoin has taken a sharp $6,000 plunge in daily trading, pulling back after its remarkable rally over the past few weeks. The cryptocurrency recently surged from under $70,000 to nearly $100,000, marking one of its most dramatic climbs in history.

A Brazilian lawmaker has introduced a bill seeking to establish a bitcoin reserve to diversify the nation's financial assets.

Key Points:

Bitcoin, the largest cryptocurrency, has reversed course after flirting with the $100,000 mark. The digital asset reached an all-time high of $99,830 on November 22 but has since dropped over 8% to $91,377.32 as of Tuesday. As of 11:48 am IST on Wednesday, BTC stood at $93,099, according to CoinGecko.

The goal of the ETF is to give investors balanced exposure to the two largest cryptos in the world in an easy-to-access format.

The likelihood of Bitcoin surpassing $100,000 has risen to 45%, despite its recent pullback, according to recent onchain data.

The crypto markets are consolidating ahead of the next bullish wave, which is believed to begin in a short while from now. The Bitcoin price is reaching a pivotal support zone, which is expected to offer a strong boost and push the prices towards the much-awaited milestone at $100K.

On-chain data shows the adoption of Cardano is now happening at the fastest pace since June 2023, a sign that could be bullish for ADA's price. Cardano Has Registered An Uptick In New Addresses Recently According to data from the market intelligence platform IntoTheBlock, the ADA network has been growing recently.

Grayscale Investments has reopened private placement in its 19 trusts including XRP, Solana (SOL), and Stellar (XLM) for eligible investors. Institutional and individual accredited investors may subscribe to private placements at net asset value (NAV), enabling them to hold for a specific period and sell them at the secondary market.

WisdomTree, a prominent asset management firm overseeing $113 billion in assets, has filed for an XRP Exchange-Traded Fund (ETF) in Delaware. This filing marks a significant move as WisdomTree seeks to expand its presence in the burgeoning cryptocurrency market.

Jim Cramer doubled down on his tip to buy crypto, saying he was “going to call the top by recommending it yet again.”

Dogecoin is consolidating losses above the $0.3650 support against the US Dollar. DOGE could restart increase if it clears the $0.400 resistance.

Cardano (ADA) has experienced a remarkable recovery, surging by 200% in three weeks to reclaim the $1 mark—its highest level since 2022. As the altcoin continues to gain momentum, traders are closely monitoring its potential to rally another 45% and reach $1.5 this week, drawing parallels to its bullish performance in early 2021.

Morocco is poised to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a significant shift in the nation's financial policy. According to Reuters, Abdellatif Jouahri, the Governor of Bank Al-Maghrib (BAM), announced that a draft law regulating crypto assets is in the final stages of adoption.

Bitcoin price correction from its recent all-time high has sparked speculation within the crypto community, with many questioning if the bull run remains intact and what the next price move might be. Currently, BTC trades at a price below the $95,000 mark, down by nearly 7% from its all-time high above $99,000 recorded on November 22.

An analyst says Bitcoin's correlation with the global M2 suggests it could imminently drop 20%, but not all observers agree.

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