In 2024, Bitcoin was by far the asset class that performed the best. This was because new exchange-traded funds brought about more widespread adoption of the Crypto ETF Growth, and the aspirations for deregulation that were brought about by a new presidential administration brought digital assets to record heights. The ownership of Bitcoin, however, was not without its typical unpredictability and dizzying swings, as evidenced by the trading activity of this month. Bitcoin Surges Then Slows Amid Fed Rate Cut Concerns The period immediately following the presidential election in the United States was the most prosperous stretch of the year…
Author: Mubbsher Jutt
A fresh record high of stablecoin reserves on cryptocurrency exchange Binance suggests that the price of Bitcoin Eyes $120K could be preparing to break out to $120,000. Based on statistics from Cointelegraph Markets Pro, Bitcoin BTC ($93,827) may be ready for a rally after a 10% fall from its all-time high of $108,300 on December 17th. According to Ryan Lee, chief analyst at Biget Research, Bitcoin might reach a high of more than $120,000 in January, propelled by the impending inauguration of US President-elect Donald Trump on January 20. Bitcoin May Hit $120K Before January Correction The expert told Cointelegraph…
As MicroStrategy Stock Faces became the largest Bitcoin investor, the company’s stock price closely followed the cryptocurrency. In the past 30 days, MicroStrategy shares have fallen 21%, whereas Bitcoin has fallen less than 2%. This is a major departure from the norm since MSTR stock usually follows Bitcoin’s movement. MicroStrategy Soars 320% with $42B Plan Compared to Bitcoin’s 100% increase, the stock’s price has increased by more than 320% this year. Some investors see it as a superior option to BTC and spot Bitcoin ETFs due to its outperformance of Bitcoin and the absence of an expense ratio. With 446,400…
With all eyes on the upcoming fund disbursements, the FTX Token has dominated this year’s cryptocurrency market. With a 245% increase from its September lows, FTX Token’s market valuation reached over $1.1 billion on Monday as it traded at $3.50. These gains may continue into January as the Bankruptcy Payouts case against FTX nears its conclusion. The next step is to pay out creditors and customers a total of more than $16 billion. FTX Estate Plan Approved Dividends Expected in March The FTX Estate announced in the middle of December that a Chapter 11 reorganization plan was accepted by a…
Web3 loyalty won’t be about ensnaring consumers in proprietary systems; firms must realize this if they want to thrive. The key is giving them agency so they can choose how to interact with businesses, own their data, and manage their benefits. Revolutionizing Loyalty Programs programs are more popular than ever before, but they also feel more dated than any before. Customers are still exchanging details for discounts, even when the inflation issue is easing; members pay a premium, while non-participants pay a “normal” price. Blockchain Revolutionizes Loyalty Programs This strategy is yielding results, despite its seeming paradox. The majority of…
The cash inflow has accelerated as the profit booking in the bitcoin market appears to have concluded. In preparation for the market’s second bull run, institutional investors and “whales” bolstered their already substantial winning positions. Cardano (ADA) and Binance Coin Cardano BNB and Cutoshi are examples of robust large capitalization that have done exceptionally well. Because of the higher win rate and profitability offered by potential coins like Bitcoin, astute investors are now moving their money away from these coins and toward others that have already experienced a vertical move. Cardano Faces Decline Support at $0.90 Since forming its peak…
According to the cryptocurrency mining company Blockware Solutions, the price of Blockware Predicts Bitcoin in 2025 might climb by as much as four times or, at the least, by 58%. This is contingent upon the Strategic Bitcoin Reserve plan that Donald Trump has proposed and the actions of the Federal Reserve. Blockware Sees Bitcoin Reaching $150,000 in 2025 Blockware stated in a market forecast research that was viewed by Cointelegraph on December 28 that the “bear case. For Bitcoin BTC$93,865 in 2025 may cause its price to increase by around 58%, hitting $150,000 from its current price of $94,981. There…
According to the data provided by TradingView and Cointelegraph Markets Pro, Bitcoin Faces Uncertainty action remained steady over the weekend. This comes after a period of downward volatility that occurred prior to the final trading session of the week on Wall Street. Bitcoin Faces Caution as Bearish Signals Emerge Being stuck in a narrow range, the Bitcoin to US Dollar exchange rate offered little motivation for bulls, and the study of order book liquidity caused market analysts to maintain a cautious stance. Material Indicators, a trading resource, warned about the performance of low-timeframe prices, stating that two of its trading…
The research team at Galaxy Digital has concluded that in 2025, the US government will hold onto its Bitcoin Reserve Eyes rather than purchase any more. The US government will not purchase Bitcoin in 2025,” stated Alex Thorn, chief of research at Galaxy Research, in a report released on December 27. While talks on a Bitcoin reserve policy go on, the US government will instead use the $93,923 worth of Bitcoin that it now has to construct a stockpile, according to Thorn. U.S. Eyes 1M Bitcoin Reserve by 2029 Thorn stated that there will be an examination of an extended…
The research team at Galaxy Digital has come to the conclusion that in 2025, the US government will hold onto its Bitcoin Reserve Strategy rather than purchase any more. According to Alex Thorn, chief of research at Galaxy Research, the US government will not purchase Bitcoin in 2025. Instead, the US government will use the Bitcoin BTC$94,928 that it now has on hand to construct a stockpile, according to Thorn, while talks about a Bitcoin reserve policy go on. U.S. Mulls Bitcoin Reserve Policy Thorn stated that several departments and agencies will examine an extended Bitcoin Reserve Strategy reserve policy.…