Cryptocurrency - news

Bitcoin runs into fresh volatility as analysts warn that “multiple weeks” of BTC price upside may be at stake.

El Salvador, the first nation to adopt Bitcoin as legal tender, is celebrating a major.. The post El Salvador Celebrates Bitcoin Milestone As President Bukele Highlights Millions In Gains appeared first on 99Bitcoins.

Axie Infinity and Ronin founder — and Pixels character — Jiho advises investors to buy gaming ecosystems, not just game tokens. Hall of Flame

Binance, Crypto.com, Kraken and other crypto exchanges continue to list Tether’s USDt on their EU platforms weeks before the final MiCA deadline on Dec. 30.

The Ethereum price could face some turbulence, as Justin Sun, the founder of Tron (TRX), has unstaked a whopping $209 million from Lido Finance, a liquid decentralized staking platform for Ethereum. Compared to top cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), the Ethereum price has had a relatively muted performance, skyrocketing to $4,000 before consolidating and struggling to move higher. With the possibility of more sell-offs, Ethereum could see its price crashing down if Sun decides to dump more coins.  Justin Sun Dumps ETH New reports from Spot On Chain, an AI-driven crypto platform, revealed that Sun recently applied to withdraw a staggering 52,905 ETH tokens worth about $209 million from Lido Finance. According to the on-chain data, this massive withdrawal was part of the ETH stash Sun allegedly accumulated between February and August 2024. Spot On Chain has revealed that the total amount of Ethereum Sun bought within this period amounted to 392,474 ETH tokens, [...]

In its new report, HTX Ventures explores the trends that shaped the crypto industry in 2024 and what opportunities the coming year will bring to the market.

Key Highlights: The stablecoin market surged at the end of 2024 and is set to mature in 2025, becoming a cornerstone of global trade. Regulatory frameworks and traditional financial institutions The post The Surge of Stablecoins at the End of 2024 and What to Expect in 2025 appeared first on CryptoNinjas.

India has ramped up its efforts to build a strong legal framework for Virtual Digital.. The post India Is Deliberating On A Cryptocurrency Framework, Focus Remains On International Collaboration appeared first on 99Bitcoins.

Bitcoin’s price reached $107,264 with a market capitalization of $2.12 trillion and a 24-hour trade volume of $104 billion, as its price fluctuated within a range of $103,768 to $107,821. Bitcoin On the 1-hour chart, bitcoin is hanging tight around $107,000, with a hint of selling pressure at the top of the daily range. Support […]

Bitcoin could soar to $180,000 in 2025 if key cycle top indicators remain muted, according to Matthew Sigel, Head of Digital Assets Research at VanEck. Speaking with podcast host Natalie Brunell, Sigel outlined a clear four-year pattern in Bitcoin’s price action that he believes has persisted through multiple market cycles. Why $180,000 Per Bitcoin Seems Plausible Sigel explained that Bitcoin tends to outperform nearly every other asset class for three years out of each four-year halving cycle, followed by a deep correction in the fourth year. Referencing a drawdown typically ranging from 60% to 80%, Sigel said this decline often arrives roughly two years after the BTC halving event. Since Bitcoin’s most recent halving took place in April 2024, Sigel sees 2024 and 2025 as potentially strong years. “That down year typically is the second year after the halving,” Sigel explained. “The Bitcoin halving occurred in April of this year. So 2024 [will be a] strong year, 2025 should be a [...]

Tether, the issuer of the world’s largest stablecoin by market cap, will provide its tokenization tech to Malta-based stablecoin firm StablR.

Web3 professionals pointed toward talent and capital, Shariah-compliant crypto services and dirham-pegged stablecoins when asked about crypto trends in the Middle East.

Dogecoin (DOGE) is expected to experience an 85% price increase, which could potentially elevate its value to approximately $0.75 by early 2025, according to analysts. Following a significant yearly peak of $0.47 last month, the cryptocurrency is currently trading in the $0.40 range. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says This forecast is being issued at this time. Significant whale activity and bullish market sentiment have contributed to the enthusiasm surrounding Dogecoin, particularly in the wake of recent political events, such as Donald Trump’s re-election. Dogecoin: Present Market Conditions There are numerous factors that have contributed to the recent increase in the price of Dogecoin. The investment from large holders, or “whales,” has been substantial, with an estimated $160 million worth of DOGE purchased in the past 24 hours. This is particularly noteworthy. This accumulation indicates a high level of confidence in the [...]

U.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and China, which have already suffered due to previous measures. US Treasury Prepared to Enact Sanctions Against Chinese Banks […]

For the first time in over three years, Ethereum (ETH) has reached the significant price milestone of $4,100. This level has proven to be a key resistance point for investors, especially as the leading altcoin struggled to breach it during the bullish momentum experienced in the first quarter of this year. Poised For Rally If It Breaks $4,000-$4,100 Resistance? The renewed bullish sentiment among crypto investors has led analysts to forecast potential new all-time highs for Ethereum, surpassing its previous record of $4,878, set in November 2021.  For instance, crypto analyst Justin Bennett noted on social media platform X (formerly Twitter) that ETH had previously faced technical barriers in surpassing the $4,000 threshold and acknowledged that Bitcoin has been the focal point of market attention in December. Related Reading: MicroStrategy Raises Stakes, Acquires $1.5 Billion In Bitcoin Amid Positive Market Outlook However, the analyst emphasized that if ETH’s price can successfully [...]

Anchorage Digital has announced that its New York subsidiary has been granted a BitLicense by.. The post Anchorage Digital Secures NYDFS BitLicense For Crypto Services appeared first on 99Bitcoins.

Bitget, a South Africa-based cryptocurrency exchange, has recently announced that it received a Bitcoin Service Provider (BSP) license in El Salvador, opening the doors to start operating locally. This milestone allows the company to “offer services such as bitcoin-to-fiat currency exchanges, bitcoin payment facilitation, and secure bitcoin custody solutions for its clientele,” according to a […]

On-chain data shows the Bitcoin long-term holders are selling. Here’s whether the current level of selloff is enough for a price top or not. Bitcoin Long-Term Holders Have Been Selling Big Recently In a new post on X, analyst Ali Martinez has discussed about the historical trend in the holdings of the long-term holders relative to the Bitcoin top. The “long-term holders” (LTHs) refer to the BTC investors who have been holding onto their coins for more than 155 days. The LTHs represent one of the two main divisions of the BTC market done on the basis of holding time, with the other group being known as the short-term holders (STHs). Related Reading: Bitcoin Miners Now In Selling Mode For A Year: Should You Be Concerned? Historically, the latter cohort has proven to contain the weak hands of the market, while the former is made up of the HODLers who barely react to rallies and crashes in the price. As such, selling from the STHs is usually not of any note, but that from the LTHs can be, [...]

Recently, a significant movement of 800 million XRP tokens from exchanges has caught the attention of the cryptocurrency community. This large-scale transfer could have substantial implications for XRP’s market dynamics. The move, facilitated by the NBTC, has sparked discussions about the potential for a bullish trend soon. Overview Of The XRP Movement The transfer of 800 million XRP tokens occurred over a short period, raising eyebrows among analysts and investors. The XRP was moved from several major exchanges to unknown wallets, suggesting a strategy to hold the tokens rather than trade them immediately. Such movements are often seen as bullish signals, indicating strong confidence in XRP’s future value. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says NBTC, a prominent player in the crypto space, played a crucial role in this significant transfer. Their involvement has added credibility to the move, as NBTC is known for its strategic market [...]

Bitcoin options expiry can trigger BTC price fluctuations as large positions are settled, influencing market dynamics.

The new accounting update could be a boon for firms seeking bitcoin corporate treasuries. New Accounting Standard Recognizes Crypto Gains An accounting standard that addresses the fair value of crypto assets went into effect yesterday and may have a positive impact on companies seeking to establish bitcoin (BTC) treasuries by allowing firms to report both […]

The crypto mining sector witnessed significant economic improvements in December, with mining profitability reaching its highest levels in seven months. The hashprice, a key metric for daily profitability of the publicly listed Wall Street Bitcoin Miners, increased by 5% since November's end.Wall Street Bitcoin Miners' Profitability Surges amid December RallyDaily block reward revenue has climbed to $57,300 per exahash per second (EH/s) in early December, marking a seven-month peak, though still remaining 40% below pre-halving levels. The network's total hashrate has expanded 6% this month, averaging 773 EH/s.Certainly, the ongoing rally in major cryptocurrencies is not without significance. Bitcoin has climbed 40% since the beginning of November, testing historic highs above $107,000. Meanwhile, altcoins, including the BGB utility token, have surged by 120% this December alone.“We note miners earned about $57,300 in daily block reward revenue per EH/s over the first two weeks of [...]

Cryptocurrency exchange Bitget has secured a Bitcoin Service Provider (BSP) license from El Salvador's Central Reserve Bank, positioning itself for growth in Latin America's burgeoning crypto market. In response to this news, BGB, the platform’s native token, rose by 15% over the past 24 hours, more than doubling its value this month.Bitget Obtains El Salvador Bitcoin LicenseThe regulatory approval allows Bitget to offer comprehensive Bitcoin services, including exchange operations, payment facilitation, and custody solutions in El Salvador, the first country to adopt Bitcoin as a legal tender. The company is also pursuing a Digital Assets Service Provider (DASP) license to expand its cryptocurrency offerings beyond Bitcoin.“Securing the BSP license is a regulatory milestone for Bitget,” said Min Lin, Chief Business Officer at Bitget. “We’re here to fuel the region’s growth by providing secure, accessible, and innovative Bitcoin services. As the world’s interest in crypto accelerates, [...]

Stablecoins will see a bright future in 2025, with massive growth and mass adoption supercharging the asset class.

Intellectual property blockchain network Story Protocol introduced a theoretical framework it says could revolutionize the crypto AI agent economy.