Bitcoin is holding firm above $100,000, indicating that every minor dip is being purchased in anticipation of new all-time highs.
MicroStrategy, known for its extensive Bitcoin holdings, faces a potential billion-dollar tax liability due to unrealized gains under the new CAMT. Could this force the company to sell its Bitcoin?
The XRP price is in the spotlight again, as a crypto analyst has shared his short—to long-term prediction for the third-largest altcoin. While the asset has experienced a series of bullish events that have driven its price to its current level, the analyst strongly believes that the cryptocurrency can jump even higher to reach $20.
Ripple has asked for an extension until April 16 to file its next brief in its high-profile battle with the U.S. Securities and Exchange Commission (SEC), according to a letter written on Jan. 23.
A bearish "death cross" signal has recently appeared on XRP's hourly charts, raising concerns about the cryptocurrency's short-term price trajectory.
Coinbase (NASDAQ:COIN) co-founder and CEO Brian Armstrong said Bitcoin (CRYPTO: BTC) is “a better form of money,” advocating for its inclusion in government reserves. What Happened: Armstrong on Thursday on X argued that Bitcoin's ~$2 trillion market cap—roughly 11% of gold's ~$18 trillion market cap—positions it as a superior form of money due to decentralization, scarcity, divisibility, portability and improved fungibility compared to gold.
BlackRock now holds an unheard of 60 billion worth of Bitcoin (BTC) across its iShares Bitcoin Trust (IBIT), with 574,118.84380 BTC recorded on the ETF's balance sheet. Recent data from Farside Investors shows that Bitcoin ETFs have recently received a total of 188.7 million, with BlackRock alone getting $154.6 million — 81% of net inflows.
Semler Scientific Inc (NASDAQ:SMLR), a medical technology company, has announced a significant move into the cryptocurrency space with its latest convertible notes offering and plans to acquire Bitcoin (CRYPTO: BTC). What Happened: On Jan. 24, Semler Scientific priced an upsized offering of $85 million in 4.25% convertible senior notes due 2030, according to the company's press release.
Central Banker v Brian Armstrong go head to head on why hold bitcoin in reserves at Davos earlier this week.
Retail on-chain activity fell 19% as Bitcoin trades above $105K, according to CryptoQuant data, signaling low retail interest. The post Retail on-chain activity drops 19% despite Bitcoin's strength above $100K appeared first on Crypto Briefing.
UTXO Management's acquisition of HK Asia Holdings Limited aims to position the company as a force in Hong Kong's dynamic financial ecosystem.
TL;DR $3.19 billion in BTC options and $574.8 million in ETH options expire today, impacting short-term trends. The maximum pressure points for BTC and ETH are $100,000 and $3,300, respectively, with current prices slightly above these levels. Regulatory initiatives and the U.S. digital asset reserve plan add bullish fundamentals to the market outlook.
U.S. spot bitcoin exchange-traded funds have started the year on a strong note, according to Bloomberg senior ETF analyst Eric Balchunas.
The Bitcoin community is voicing strong criticism against Ripple after it advocated for a diversified crypto reserve, which includes assets beyond Bitcoin.
MicroStrategy may face federal income tax obligations on its significant unrealized gains, which currently exceed $19.3 billion.
James Check, a Glassdote analyst, has predicted that Bitcoin ($BTC) could cross the $150K mark in 2025. This prediction is inspired by the token's 2016-2017 cycle when Bitcoin moved from the range of $800-1600 to $19,783.
TL;DR MicroStrategy is facing tax issues over unrealized gains from its BTC, despite not having sold any. The Inflation Reduction Act of 2022 imposes a 15% corporate minimum tax, which would affect unrealized gains from cryptocurrencies like Bitcoin.
On-chain data reveals Bitcoin's bullish structure remains intact above IBCI 50%, but a cycle top may be forming.
The price of Bitcoin (BTC) has surged by nearly 3% in the past 24 hours as President Donald Trump signed the first pro-crypto executive order (EO) to make America the “crypto capital of the world”.
With Bitcoin consolidating, the NVT Golden Cross metric highlighted a potential local bottom.
The consistent retail demand for Bitcoin at the $100,000 mark, which indicates high investor confidence, has recently drawn notice. However, because short-term holders are driving the present accumulating trend, market watchers are warning of a possible fall to $95,000.
XRP, popular cryptocurrency associated with Ripple's cross-border payment business, has just logged a technical anomaly that is turning heads: its largest-ever Bollinger Bands expansion. This is not just another blip on the radar, as it is a volatility spike that is rewriting the asset's historical price patterns.
Bitcoin onchain indicators are already cautioning over possible distribution of coins by investors despite sky-high BTC price targets.
XRP News: Ripple faces heavy backlash from the broader community, especially from the Bitcoin maxis, amid claims over XRP Reserve in the US. Notably, Donald Trump has recently hinted towards a potential crypto reserve rather than the Bitcoin Strategic Reserve.
Rumble, a prominent video-sharing platform, has revealed plans to introduce a crypto wallet designed to enhance payments between users and content creators. The platform's CEO, Chris Pavlovski, announced the project on Jan. 23, stating that the new “Rumble Wallet” will provide a simple and efficient way for creators to receive payments.
After a very volatile week that saw bitcoin move 10% daily with record volumes, though in the same range, the currency seems calmer today at $105k.
Is Ripple Lobbying against a Strategic Bitcoin Reserve? After US President Donald Trump signed an executive order (EO) establishing a crypto-focused working group on January 23, the heated debate flared up on X.
MicroStrategy, the software company turned Bitcoin juggernaut, is grappling with an unexpected tax conundrum. Its $47 billion Bitcoin (BTC) holdings — comprising $18 billion in unrealized gains — place it squarely in the crosshairs of the US corporate alternative minimum tax (CAMT).
Enterprise blockchain company Ripple has requested a due date of Apr. 16 for filing its opening brief in its cross-appeal against the U.S. Securities and Exchange Commission (SEC).
Here are two indicators suggesting that a new Bitcoin boom might be on the horizon. First, large Bitcoin holders, known as "whales," have accumulated over twenty two thousand BTC (worth more than $2.24 billion) in the past seventy two hours.
In today's crypto news: Trump's Executive Order: The U.S. President signed an order supporting the crypto industry, ensuring legal access to blockchain technologies and prohibiting the creation of a CBDC (Central Bank Digital Currency). Ethereum Updates: Vitalik Buterin announced five key directions for Ethereum's development, including strengthening Layer 2 solutions and reducing transaction fees.
Better Markets, a nonprofit organization that advocates for the financial security of Americans, has filed an amicus brief in support of the U.S. Securities and Exchange Commission (SEC) in its ongoing appeal against Ripple Labs. The brief was submitted to the U.S. Court of Appeals for the Second Circuit on January 22, 2025.
Mike McGlone, chief commodities strategist at Bloomberg Intelligence, has published several tweets, stating that it is vitally important for the world's leading cryptocurrency Bitcoin to stay above the $100,000 level.
Most of the major cryptocurrencies are in the green Friday morning, including Bitcoin and Dogecoin, but Trump's Solana token sits in the red.
In the latest development in the Ripple vs SEC case, the crypto company has submitted a proposed schedule for filing its brief regarding cross-appeal. As a result, the long-running XRP lawsuit gets extended further than the earlier anticipated end date in April or May.
Thursday was another day of net inflows into U.S. spot bitcoin ETFs, continuing a six-day flow of green trading activity. Bitcoin ETFs Record Sixth Consecutive Day of Inflows On Thursday, Jan. 23, bitcoin exchange-traded funds (ETFs) saw a net inflow of $188.65 million, marking the sixth consecutive day of inflows.
XRP is up by more than 3.5% over the last 24-hour period to now trade at $3.19 as the cryptocurrency recovers from a significant correction that came after the Chicago Mercantile Exchange (CME) denied it was listing futures tied to the cryptocurrency.
MicroStrategy has built a bitcoin stash worth around $47 billion, including $18 billion in unrealized gains, through years of stock and debt offerings. However, in an unexpected turn, the company might face federal income taxes on those paper gains, even without selling any bitcoin, according to the Inflation Reduction Act of 2022.
The asset is now nearing a critical point, but XRP has been riding the wave of bullish momentum. XRP's ability to break above the $3.30 price level, which has become a significant resistance point, will probably determine whether its upward trend continues or whether a correction is imminent.
Some $6 billion of the notional value in bitcoin is currently set to expire out of the money.
In a notable display of resilience, the Bitcoin exchange-traded fund (ETF) ecosystem has registered three consecutive days of inflow. The Bitcoin ETF market has investment firm BlackRock leading the pack with over $150 million.
The legal battle between Ripple and the SEC continues and recently, Ripple requested a due date of April 16, 2025, for its brief in the ongoing case. This comes after the SEC filed its opening appeal brief, signaling that the regulator is not backing down.
Kansas Republican State Senator Craig Bowser has introduced a bill aimed at allocating up to 10% of public employee retirement funds to Bitcoin (BTC) exchange-traded fund (ETF) products.
More efficient token standards on Bitcoin are a good thing
Michael Saylor's MicroStrategy, a business-intelligence software company turned Bitcoin behemoth, has placed an enormous bet on cryptocurrency. The company owns approximately $48 billion worth of Bitcoin, funded in part by issuing $6.2 billion of convertible bonds in 2024—marking the largest single-company convertible debt issuance in history.
The convertible senior notes, set to mature in 2030, provide Semler with capital flexibility while giving investors the option to convert debt into shares.
Semler's q4 earnings report put BTC unrealised gains at $28.9 million.
The US Securities and Exchange Commission (SEC) has rescinded a rule that prevented banks from custodying cryptocurrencies. The rule, known as Staff Accounting Bulletin (SAB 121) was introduced by former SEC chair Gary Gensler.