Bitcoin (BTC) traders are projecting a higher price target for the largest crypto as whale accumulation spikes. The surge in BTC price to an all-time high above $107K and on-chain factors led to most analysts gauging a bull peak around $150K.
After a rough start to the week, the Bitcoin price soared past the $100,000 psychological milestone on Friday and briefly hopped back above $105,000, spurred by optimism as investors prepare for pro-crypto President-elect Donald Trump to assume control of the White House on Monday.
Bitcoin experienced a highly volatile yet bullish week, capturing market attention with dramatic price movements. The cryptocurrency dropped to as low as $89,100 on Monday, only to stage an impressive recovery and reach a new local high around $105,900 by Friday.
The cryptocurrency market saw a notable surge on Saturday. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) all experienced a rise in value, as traders anticipate a potential ‘Trump bump' with the upcoming second Donald Trump presidency.
Long regarded as a speculative asset, Bitcoin is gradually establishing itself as a strategic element in the management of national reserves. In the face of evolving financial markets and geopolitical tensions, several governments and central banks are considering its integration into their foreign exchange reserves.
As Bitcoin (CRYPTO: BTC) nears the $106,000 mark, the probability of the U.S. establishing a strategic Bitcoin reserve has surged to an all-time high of 70%. What Happened: Well-known venture capitalist and Bitcoin enthusiast Anthony Pompliano shared data indicating a significant increase in the likelihood of incoming president Donald Trump creating a strategic Bitcoin reserve in 2025.
Police have seized £28 million (US$34 million) in assets from an international Bitcoin fraud gang that exploited a glitch in an Australian cryptocurrency trading website.
With the current odds at 65%, the likelihood of a Strategic Bitcoin Reserve being created in the United States has greatly soared. The impetus behind this development is the strong advocacy of President-elect Donald Trump for cryptocurrencies and the planned Bitcoin Act.
The ascendancy of Donald Trump in Washington has many critics writing apocalyptic, if not apoplectic, warnings. But do sincere Trump critics have anything to fear from cryptocurrency?
Switzerland crypto advocates propose Bitcoin reserve to SNB portfolio, alongside gold, dollar, and euro. The crypto campaigners started collecting 100,000 signatures to push SNB to adopt Bitcoin reserve.
Bitcoin is trading near the $103,000 level following a highly bullish Friday that has energized the market. The recent surge has positioned BTC for a potential rally toward new all-time highs, with analysts closely monitoring its next moves.
Bitcoin's latest market shifts raises questions about a local top.
It's instructive to look back to see how much difference one week can make. Participants weathered volatile bitcoin price action, the marque crypto asset dropped 10%. Despite spot bitcoin ETF outflows and macroeconomic concerns on the negative side, the bullish sentiment around blockchain activity on the positive helped keep most people bullish.
Bitcoin price resumed its bullish trend and neared its all-time high of $108,200 ahead of Donald Trump's inauguration and after the encouraging U.S. inflation data.
The cryptocurrency sector is optimistic of what is to come with Donald Trump serving as the next president. Optimism comes as many cryptocurrencies have hit all-time highs since Trump won the 2024 presidential election.
The Bitcoin price appears to have finally started recovering strongly in the past few days, breaking through the $100,000 ceiling on Thursday, January 16. The premier cryptocurrency didn't stay more than a day above this level the last time it surpassed a six-figure valuation.
Bitcoin had a wild week, dipping below $90,000 before surging above $105,000 just days ahead of Donald Trump's White House return.
Leading cryptocurrency Bitcoin (BTC) has witnessed a notable spike in inflows from US-based investors ahead of Donald Trump's inauguration on Monday.
A positive feedback loop is being created between El Salvador's bitcoin education programs and crypto companies looking for a friendly jurisdiction.
Bitcoin, currently priced at $103,737 to $104,266 over the last hour with a market capitalization of $2.05 trillion, a 24-hour trading volume of $49 billion, and an intraday range oscillating between $102,214 and $105,850, reflects a heightened state of market dynamism in the lead-up to Donald Trump's inauguration.
The Bitcoin bull season continues to present several twists and turns as expected of a highly volatile market. In line with the heightened hopes of several investors, certain network metrics indicate the price gains are far from over.
Analysts at JPMorgan expect Bitcoin to maintain its dominance over Ethereum and other altcoins through 2025, according to a report cited by The Block.
Bears are back in the game at the beginning of the weekend, according to CoinMarketCap.
Bitcoin has made a powerful recovery following a recent dip that saw its price drop to $89,000. As the cryptocurrency markets continue to evolve, Bitcoin's price has been showing positive signs of strength, leaving many investors and traders hopeful that the leading digital asset could soon embark on another significant rally.
Bitcoin has recorded a strong upswing, signaling a potential rally emerging from a market dip.
Can BTC continue its price ascent this cycle?
Anthony Pompliano, a renowned venture capitalist, podcaster and Bitcoiner, has shared data that shows that the probability, or rather, the expectations of the new U.S. president building a strategic Bitcoin Reserve for the country in 2025 have seen a drastic increase.
A Lancashire man, James Parker, has been arrested in connection to a Bitcoin fraud ring that stole £28 million from an Australian cryptocurrency website. According to authorities, the scheme started in 2017 after Parker discovered a loophole that allowed him to steal money from the cryptocurrency trading website.
Bitcoin has gained 9.22% this week but dropped % in the past 24 hours after setting up a daily high of $105,784 on Friday. Why is BTC suddenly crashing today?
All eyes are currently on Bitcoin's price to see if it will validate a textbook pattern indicated on its chart and, in the process, hit fresh record highs.
The Bitcoin (BTC) Miner reserves have experienced a consistent decline over the last year in a rather concerning development. However, Bitcoin has recorded multiple price rallies during this period even breaking into the $100,000 price zone.
Amid the rising bullish sentiment in the crypto market, the price of Bitcoin has successfully maintained its value above the $100,000 mark. However, top altcoins such as Ethereum and XRP have recorded a bearish action during this period, highlighting a mixed action in the crypto space.
A new memecoin promoted by Trump on X and Truth Social has sent expectations of a Trump inauguration bombshell sky high
Following an earlier price crash to below $90,000, Bitcoin closed out the past week with an impressive price surge resulting in a net 9.30% gain. During this price rally, Santiment reports a significant network development with bullish indications for the largest cryptocurrency.
Switzerland is gearing up to adopt the Bitcoin reserve amidst growing cryptocurrency acceptance fueled by Donald Trump's progressive policies. Cryptocurrency advocates nationwide propose considering BTC as a reserve asset along with the dollar, euro, and gold.
Wyoming Senator Cynthia Lummis has raised concerns over the U.S. government's intention to sell 69,370 Bitcoin confiscated in connection with the Silk Road case.
Data shows the Bitcoin Fear & Greed Index still hasn't achieved an extreme value. Here's what this could mean for BTC's price recovery.
Most altcoins are deep in the red, while SOL has soared by 10%.
The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin (BTC 1.25%) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.
US Dollar and Bitcoin rise? Trump's pro-crypto plans excite Bitcoin bulls as traders assess whether his policies can also strengthen the greenback.
Brian Armstrong, CEO of Coinbase, has publicly endorsed a proposal for global leaders to establish Bitcoin strategic reserves. The post Coinbase CEO Brian Armstrong Backs Global Bitcoin Strategic Reserves Initiative appeared first on Cryptonews.
Prominent analyst Michaël van de Poppe has shared his latest insights with his 763,900 followers on X, identifying an under-the-radar altcoin poised for a breakout while updating his outlook on Bitcoin and Ethereum.
Massachusetts plans to create a Bitcoin reserve through the Commonwealth Bitcoin Strategic Reserve. Republican Senator Peter Durant leads the proposal, aiming to diversify state investments.
A Malaysian accountant has lost half a million to Bitcoin scammers. According to reports, the victim, a 61-year-old accountant, lost about RM460,888 to the bad actors after making a bad investment decision.
A proposed Oklahoma bill seeks to integrate bitcoin into state savings and pensions, aiming to safeguard purchasing power and position the state as a leader in digital assets. State Finances Meet Bitcoin: Oklahoma Lawmaker's Strategic Reserve Plan Oklahoma State Rep.
Coinbase Premium Index rises: Discover the key factors and the impacts for the future of the flagship cryptocurrency Bitcoin!
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC). The analyst and trader pseudonymously known as Bluntz tells his 309,200 followers on the social media platform X that Bitcoin has witnessed “savage price action” after falling to around $89,200 and then quickly recovering.
Changpeng Zhao, commonly known to crypto enthusiasts as CZ, a co-founder and former boss of the Binance exchange, has published a tweet to clarify his X post of January 14 about Bitcoin, buying the dip, regrets about not doing it and the FUD.
