Cryptocurrency - news

Bitcoin has set a new all-time high (ATH) beyond the $104,000 mark during the past day, but on-chain data shows investors are still unwilling to sell. Bitcoin Exchange Netflow Has Remained Negative During Latest Rally As explained by an analyst in a CryptoQuant Quicktake post, Bitcoin has continued to leave exchanges recently. The on-chain metric of relevance here is the “Exchange Netflow,” which, as its name suggests, keeps track of the net amount of BTC that’s entering into or exiting out of the wallets attached to centralized platforms. Related Reading: Bitcoin 30-Day Trader Profits Back In ‘Healthy’ Range, Is BTC Ready For $100,000? When the value of this metric is positive, it means the investors are making net deposits to the exchanges. As one of the main reasons why holders use these platforms is for selling-related purposes, this kind of trend can have a bearish implication for BTC. On the other hand, the indicator being negative implies there are a higher amount of exchange [...]

US “crypto czar” selection David Sacks is bullish on Solana and is among investors of SOL-related investment firm Multicoin Capital.

Bolivian attorneys Iver von Borries and Javier Romero Mendizabal proposed introducing Tether’s USDT, the largest stablecoin in the cryptocurrency market, as an index asset for commercial and civil contracts. The submission aims to link USDT’s value in global markets to the national fiat currency, allowing for more flexibility in pricing certain obligations. Bolivia has maintained […]

President-elect Donald Trump has appointed David Sacks, a former PayPal executive and influential podcaster, as.. The post Trump Appoints Former PayPal Chief As Crypto Policy Advisor appeared first on 99Bitcoins.

Prominent crypto futures trading platform Margex recently upgraded its staking pools to offer higher passive.. The post Unlock Higher Margex Staking Rates With Its Newly Expanded Pool for Investors appeared first on 99Bitcoins.

Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception. On Thursday, the cryptocurrency reached a new all-time high of $103,679, marking a year-to-date surge of over 140% and pushing its market capitalization above $2 trillion. This achievement has reignited enthusiasm within the investor community, solidifying Bitcoin’s position as a key player in the global financial market. Despite this impressive feat, Bitcoin has experienced a slight retracement. At the time of writing, it trades at $101,573, still up by 6% in the past 24 hours. Related Reading: Retail Demand Surges for Bitcoin: The Journey Towards $100K and Beyond Begins? What Comes Next? Market intelligence platform IntoTheBlock weighed in on this development, offering insights into Bitcoin’s potential trajectory. The platform’s analysts highlighted that Bitcoin’s capped supply and growing interest from institutional investors and even countries create significant upward [...]

Australia’s financial intelligence agency, AUSTRAC, confirmed today (Friday) that it has established an internal task force to crack down on cryptocurrency ATMs that do not comply with local money laundering rules.Cryptocurrency—A Priority for 2025AUSTRAC’s CEO, Brendan Thomas, further emphasized that cryptocurrency will be among the agency’s top priorities in 2025.“This is the first step in AUSTRAC’s focus to reduce the criminal use of cryptocurrency in Australia,” Thomas stated. “We will be focusing on this industry over the course of next year.”The move came after the agency identified cryptocurrencies as having heightened risks of money laundering and being increasingly used for money laundering, scams, and money mule activities.There are about 400 AUSTRAC-registered digital currency exchange providers in Australia, but only a small number operate crypto ATMs. However, the country has 1,200 operating crypto ATMs, the third-highest number globally.According to AUSTRAC, all these [...]

Bitcoin (BTC) shattered the $100,000 price milestone yesterday, reaching as high as $104,088 on Binance crypto exchange. This historic price action has prompted analysts at the trading firm Bernstein to assert that Bitcoin is well-positioned to replace gold within the next decade. Bitcoin Poised To Outshine Gold Over Next Decade, Bernstein Says In a client note released earlier today, Bernstein analysts, led by Gautam Chhugani, expressed confidence that Bitcoin will eventually assume gold’s role as a reliable safe-haven asset. The note stated: We expect Bitcoin to emerge as the new-age premier ‘store of value’ asset eventually replacing Gold over the next decade, and becoming a permanent part of institutional multi-asset allocation and a standard for corporate treasury management. On a year-to-date (YTD) basis, Bitcoin is up an impressive 141%. However, the lion’s share of these gains came following the victory of pro-crypto Republican candidate Donald Trump in the November US [...]

From AI agents to onchain government bonds, A16z highlights the trends that could shape the crypto industry in 2025. A16z Goes Big on Crypto Predictions Andreessen Horowitz (A16z) has published its yearly list of tech predictions, as it anticipates the revolutionary potential of blockchain technology in 2025. This comes on the heels of bitcoin crossing […]

While Bitcoin (BTC) and other leading cryptocurrencies have been making headlines with their recent gains, an often-overlooked altcoin, JasmyCoin (JASMY), has delivered an astonishing 861% surge year-to-date, outperforming the top 100 tokens in the market. As of Thursday, JASMY broke out of a seven-month consolidation phase, climbing to $0.054. The Altcoin Outperforming Major Cryptos In addition to its impressive yearly performance, JasmyCoin has seen notable gains over shorter time frames, recording increases of 118%, 162%, and 211% over the past seven, fourteen, and thirty days, respectively.  Related Reading: Michael Saylor Predicts Bitcoin Market Cap Of $280 Trillion By 2045—What Will The Price Be? Market experts anticipate that the overall market’s bullish trend could continue at least until the second quarter of 2025, suggesting further growth potential for JASMY, which remains 98% below its all-time high of $4.79, reached during the 2021 bull market. However, with further gains [...]

An unofficial GameStop memecoin GME, which has no affiliation with the company, also saw a rise of up to 72% following a post from influencer Keith Gill.

The BlackRock-issued iShares Bitcoin Trust is now backed by more than $48.9 billion worth of Bitcoin, blockchain data shows.

BNB price is consolidating near the $725 zone. The price is showing positive signs and might aim for a move above the $740 resistance. BNB price started a downside correction from the $800 resistance zone. The price is now trading above $700 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $725 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $715 level to start another increase in the near term. BNB Price Holds Support After a close above the $700 level, BNB price extended its increase, like Ethereum and Bitcoin. The bulls were able to pump the price above the $720 and $750 resistance levels. Finally, the price tested the $800 zone. A high was formed at $794 before there was a downside correction. There was a move below the $750 and $740 levels. However, the price is now holding gains above the $700 level. A low was formed at $688 and the price is now consolidating above the 23.6% [...]