Cryptocurrency - news

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.

Amid its historic price action, Bitcoin (BTC) has quietly hit a new all-time high (ATH) against gold. The insight was highlighted by veteran trader Peter Brandt in an X post. Bitcoin Hits New ATH Against Gold: Room For Further Growth? Brandt’s analysis revealed that the BTC-to-gold ratio has reached a new ATH of 32.19 ounces of gold per BTC. In his post, the seasoned trader also took a subtle dig at long-time gold advocate Peter Schiff, a vocal Bitcoin critic. Related Reading: Bitcoin Price Surge In 2024 Not Enough To Beat Gold’s Risk-Adjusted Returns – Details Here For those unfamiliar, the BTC-to-gold ratio measures Bitcoin’s performance relative to gold, showing how many ounces of gold are needed to purchase one whole BTC. This metric underscores Bitcoin’s growing dominance as a store of value. Brandt further noted that the next target for Bitcoin is 89 ounces of gold per BTC, suggesting significant room for Bitcoin to grow against the precious metal. This aligns with the broader [...]

Dogecoin started a downside correction below the $0.400 support against the US Dollar. DOGE is now consolidating and might aim for a fresh increase above $0.4050. DOGE price started a fresh decline below the $0.40 level. The price is trading below the $0.4050 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.3950 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another rally if it clears the $0.4050 and $0.4150 resistance levels. Dogecoin Price Eyes Fresh Increase Dogecoin price started a fresh decline from well above $0.410 unlike Bitcoin and Ethereum. DOGE traded below the $0.4020 and $0.400 support levels. It even spiked below $0.3980. A low was formed at $0.3963 and the price is now consolidating losses. It recovered some points and climbed above $0.40. It surpassed the 23.6% Fib retracement level of the downward move from the $0.4136 swing high to the $0.3963 low. Dogecoin [...]

Key Highlights: Bitget is licensed to operate Bitcoin services in El Salvador, unlocking great opportunities for users in the country. El Salvador adjusts its Bitcoin regulations to secure an IMF The post El Salvador Welcomes Bitget: A New Milestone in Crypto? appeared first on CryptoNinjas.

“The seeds of a currency war are already being sown,” an expert has warned, as Trump’s policies risk inflaming devaluations, dollar volatility, and global economic instability. Currency Wars Loom as Trump’s Policies Threaten Global Market Stability Nigel Green, CEO of the wealth management advisory firm Devere Group, has raised concerns about the growing likelihood of […]

Ethereum is on the verge of reclaiming the $4,000 level as it inches closer to its all-time highs. The second-largest cryptocurrency by market cap has faced skepticism throughout this cycle, with some analysts predicting it would underperform compared to its previous bull runs. However, Ethereum has surprised doubters, steadily climbing in recent weeks despite market uncertainty. Related Reading: ONDO Exchange Inflows Grow – Volatility Ahead? Key on-chain metrics from Glassnode reveal an important trend that could fuel further price gains: Ethereum whales have been accumulating aggressively since late November. This signals growing confidence among major holders, who are positioning themselves for potential upside. Historically, whale accumulation has often preceded significant price moves, hinting at the possibility of a breakout in the near term. While the market remains divided on Ethereum’s trajectory, its ability to sustain upward momentum near the $4,000 mark will likely define [...]

Ripple’s RLUSD stablecoin debuts on Uphold, offering rewards and exclusive benefits, solidifying its role in digital payments and boosting value for XRP investors. Ripple’s RLUSD Launches on Uphold—Where XRP Community Gains More Uphold, a leading Web3 financial platform, has confirmed that Ripple’s new USD-backed stablecoin, RLUSD, will be fully accessible on its platform starting Dec. […]

Bitcoin price started another increase above the $105,000 resistance zone. BTC is gaining pace and it traded to a new all-time high above $107,000. Bitcoin started a fresh surge above the $105,000 zone. The price is trading above $104,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $105,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $103,500 support zone. Bitcoin Price Extends Rally Bitcoin price formed a base and started a fresh increase above the $102,000 zone. There was a move above the $103,200 and $104,500 levels. The price even cleared the $105,000 level. A new all-time high was formed at $107,777 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent rally from the $99,251 swing low to the $107,777 high. Bitcoin price is now trading above $104,000 and the 100 hourly Simple [...]

Bitcoin recent price momentum which led to a renewal of its all-time high (ATH) appears to have reignited interest in key metrics used to time market entries and exits. Among these, the Stock-to-Flow (S2F) reversion metric has been highlighted by a CryptoQuant analyst known as Darkfost, who shared insights on its current implications for Bitcoin investors. The metric, a measure of Bitcoin’s price deviations from its expected value based on the S2F model, has become an important tool for many traders assessing market sentiment and identifying potential profit-taking windows. Related Reading: Bitcoin Confidence Grows As Binance Data Highlights Surprising Market Trends When Should Cash In Your Bitcoin Profits? Darkfost’s analysis points to September 11 as a significant date, when the S2F reversion metric dropped below 1, signaling a potential buy opportunity as Bitcoin traded at $57,000. Now, the analyst emphasizes a different critical threshold—a value above 2.5—historically indicating [...]

Lido staking requests on Polygon are no longer available. Users can withdraw their staked MATIC through the Lido interface on Polygon up until June 16, 2025.

MicroStrategy, the business intelligence firm led by Michael Saylor, has ramped up its Bitcoin (BTC) acquisition strategy for the sixth consecutive week. This latest purchase comes as BTC has surged to new all-time highs, with the leading cryptocurrency recently surpassing the $106,00 mark on Monday. MicroStrategy’s Bitcoin Stash Grows To 439,000 BTC On Monday, Michael Saylor announced that MicroStrategy acquired an additional 15,350 BTC for approximately $1.5 billion, averaging around $100,386 per Bitcoin.  This acquisition contributes to the firm’s substantial Bitcoin portfolio, which now totals 439,000 BTC, purchased for about $27.1 billion at an average price of $61,725 per Bitcoin.  Related Reading: Solana (SOL) Faces Headwinds: Can Bulls Revive Momentum? Interestingly, Saylor also disclosed in a social media post on X (formerly Twitter) that the firm’s Bitcoin holdings have yielded notable returns, boasting a 46.4% gain quarter-to-date (QTD) and 72.4% gain year-to-date (YTD). [...]

The market valuation of tether (USDT) has now ballooned to a staggering $140 billion. On Dec. 16, this stablecoin’s market cap makes up 3.75% of the colossal $3.73 trillion crypto universe. Tether’s Market Share Soars in 2024 The journey of the dollar-pegged digital economy has been quite the adventure since stablecoins first hit the scene, […]

CyberKongz said it was first contacted by the SEC two years ago and has been “suffering in silence” ever since.

The ai16z developer is researching the intersection of artificial intelligence and Web3.

Presto Research, the analytical division of the algorithmic trading firm Presto, has just dropped its debut annual report titled “From Chaos to Clarity,” shining a spotlight on the wild ride of crypto trends in 2024 and throwing some daring forecasts for 2025. Presto Research 2025 Predictions: Bitcoin to Break $200K Barrier While Solana Becomes a […]

Caroline Crenshaw may still have one more chance to be confirmed for a second term as an SEC commissioner before the next session of Congress.

U.S. spot ETFs for bitcoin and ethereum maintained consecutive weekly inflows with $2.17 billion and $855 million each. Bitcoin and Ethereum ETFs Hit Significant Weekly Inflows Bitcoin and ethereum exchange-traded funds (ETFs) hit significant weekly numbers, as both ETFs maintained their inflow streaks. Metrics from sosovalue show that U.S. spot bitcoin ETFs had a net […]

The Stanford Blockchain Club, a prominent group at Stanford University, has voiced significant worries about the U.S. government’s legal pursuit of Tornado Cash developers, Roman Storm and Roman Semenov, using old-school federal money transmission laws. Legal Overreach? Stanford Group Critiques Tornado Cash Indictments In their in-depth analysis, “Tornado Cash and the Boundaries of Money Transmission,” […]

Ethereum relatively sluggish price performance compared to Bitcoin’s continuous rise appears to have captured the attention of crypto analysts. While Bitcoin has created a new peak above $106,000 earlier today, Ethereum’s price still sits below $4,000 with a current trading price of $3,943, marking a modest 1.4% increase over the past 24 hours. However, despite this slow pace, some analysts see signs of strength and potential growth for Ethereum in the near term. Related Reading: Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand Retest Before The Major Rally One notable analyst, CryptoBullet, shared his insights on X, drawing comparisons between the current market environment and Ethereum’s January 2021 rally. “Second consecutive weekly candle closed above the resistance,” the analyst observed. “The shape of the candle and overall environment reminds me of January 2021. We might wick to $3,700 this week, but it will be bought back up quickly. Don’t ignore this ETH [...]

Collapsed cryptocurrency exchange, FTX will start distributing funds to investors who incurred losses through partner crypto firms, including Kraken and BitGo.The company announced today (Monday) that its court-approved Plan of reorganization will become effective on January 3, 2025. Given the necessary requirements, FTX anticipates the first wave of distributions within 60 days following the effective date.Two-year Recovery ProcessThis initial distribution will reportedly be limited to the plan's convenience classes, with specific records and payment dates for other claim classes set to be announced in the future.For two years, FTX has worked with its team of professionals to recover billions of dollars. John J. Ray III, the CEO of the FTX Debtors, described the process as a success, noting that the distribution process marks the culmination of a long journey.As part of the process, the company has entered into agreements with two major partners, BitGo and Kraken, to handle [...]

Ethena Labs has introduced USDtb, a stablecoin that’s got the backing of Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL). Ethena Unveils USDtb, a New Stablecoin With Blackrock Support Crafted in collaboration with Securitize, a top dog in real-world asset (RWA) tokenization, USDtb brings cash-backed steadiness and the magic of cross-chain operations to the table. This […]

Jeremy Rubin recently released a proposal to allow specialized oracles to emulate covenants on Bitcoin with no softforks necessary, secured by a BitVM based slashable bond.

Xaman’s spike in user activity reflects a renewed interest in the XRP Ledger ecosystem amid the ongoing XRP rally and anticipation of the RLUSD stablecoin launch.

We have entered into an agreement with FTX Trading Ltd. (“FTX”) and its affiliated debtors (the “FTX Debtors”) to assist in distributing recoveries to retail customers in supported jurisdictions in accordance with the U.S. bankruptcy court-approved FTX Chapter 11 Plan of Reorganization. To ensure clients receive funds when distribution starts, they can complete the necessary […] The post Kraken chosen as distribution partner by the FTX Debtors appeared first on Kraken Blog.

Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.

Crypto analyst TradinSides has suggested that it might be time for investors to start closing their XRP long positions. This came as the analyst revealed a bearish pattern, which showed that the XRP price could witness a significant crash.  XRP Price Could Crash As Head And Shoulder Pattern Forms In a TradingView post, TradinSides predicted that XRP could crash as the price could form the Head and Shoulders pattern, driving the crypto to $2.2 or below. The analyst stated that this price correction could happen if some bullish fundamentals don’t happen for the altcoin as expected. The fundamentals that TradinSides cited include the RLUSD stablecoin and the upcoming XRP ETFs.  Related Reading: Extremely Bullish 88-Day Structure Appears On Bitcoin Price Chart After Hitting $105,000 ATH While these fundamentals present a bullish outlook for the XRP price, the crypto analyst stated that XRP still stands under heavy selling pressure due to the SEC’s decision to appeal the Ripple case [...]

A new breed of crypto scams is on the rise called “pig butchering.” These sophisticated.. The post How To Avoid Crypto Scams Over The Holidays in 2 Minutes appeared first on 99Bitcoins.

Ripple has announced that its stablecoin, Ripple USD (RLUSD), will be available on global exchanges starting tomorrow, December 17, 2024. The RLUSD stablecoin is USD-denominated and designed for enterprise use. It is backed by Ripple’s experience in both the cryptocurrency and traditional financial systems. The token will be available on both the XRP Ledger and Ethereum blockchainsRLUSD Launches on Multiple PlatformsInitially, RLUSD will be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA, with plans for additional listings on platforms like Bullish, Bitstamp, Mercado Bitcoin, and others in the coming weeks. Each RLUSD token is backed by US dollar deposits, government bonds, and cash equivalents to ensure stability. Monthly third-party attestations of RLUSD's reserves will be published for transparency.“Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard [...]

A recent Kraken survey revealed that a significant 73% of current crypto holders in the.. The post 63% Gen X See Crypto As Practical Investment, 73% US Investors Will Reinvest In 2025, Kraken Finds appeared first on 99Bitcoins.

Bitcoin has shattered its all-time high, reaching $106,500 just a few hours ago, setting the stage for an even bigger move. After trading in a sideways range within an ascending triangle for weeks, the price finally broke through the crucial $103,600 resistance level established on December 5. This breakout has sparked renewed excitement, with traders and investors now eyeing Bitcoin’s next potential targets. Related Reading: Ethereum Forming A Symmetrical Pattern – Key Resistance At $4,100 Top analyst Jelle shared his insights on X, highlighting that Bitcoin’s breakout from the ascending triangle is a clear bullish signal. According to his technical analysis, the pattern indicates significant upside potential, with Jelle setting a $130,000 price target for BTC in the coming weeks. He noted that the breakout marks a shift in market sentiment, paving the way for sustained momentum as Bitcoin continues its climb. This milestone solidifies Bitcoin’s dominant position in the crypto market [...]

With bitcoin dancing well above the $100,000 mark since Dec. 11, occasionally dipping its toes below, a slew of long-sleeping bitcoin wallets have been springing back to life. Bitcoin’s $100K Plateau Brings Forgotten Fortunes Back Into Circulation Over the past four days, bitcoin (BTC), the crypto king by market cap, has been cruising well over […]

With the addition of Anchorage’s New York arm, the New York financial regulator has approved 34 companies since the BitLicense scheme launched in 2015.

A few days after obtaining the approvals in New York, Ripple has warned that its stablecoin might experience volatility when it hits the market. David Schwartz, the company's Chief Technology Officer, also cautioned investors about potential supply shortages while advising against fear-of-missing-out (FOMO) behavior.High Pre-Launch BidsSchwartz's remarks followed reports of unusually high pre-launch bids for RLUSD, the USD-pegged stablecoin designed for Ripple's cross-border payment solutions. Ripple mentioned that the volatility, which hints at heightened speculative interest, will fade. In a post on social media X, it assured users that the stablecoin will stabilize once it achieves equilibrium in supply and demand.As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes. There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD. Tools will show you the highest price anyone is willing to pay, even if it's just [...]

There’s potential for a 2024 Santa Claus rally across the crypto markets. Historical trends, market factors and this year’s bull run could lead to significant gains.

XRP’s latest pullback forms a classic bullish continuation structure, with a profit target above $15.

The addition of 211 bitcoin has seen Semler Scientific double its bitcoin balance in Q4 alone, raising its bitcoin yield to 92.8%. Semler Makes Another Addition to Growing BTC Balance Semler Scientific has announced another purchase of 211 bitcoin for $21.5 million. According to a Dec. 16 press release, Semler purchased the additional bitcoin with […]

On December 11, Bitget Token (BGB) climbed to a new all-time high, hitting $3.37 toward the $5 mark, and has gained 10.4% in the last 24 hours, showcasing a strong upward trend. With the optimism to the growing adoption of the Bitget ecosystem and sustained investor confidence, analysts estimated BGB’s price could hit $5 in […]

MicroStrategy’s latest Bitcoin purchase brings its total BTC holdings to 439,000 BTC, bought at the aggregate purchase price of $27.1 billion.

Key Takeaways: The Grayscale Bitcoin Trust has experienced massive outflows, well beyond that of other Bitcoin ETFs. The most successful Bitcoin ETF happens to be BlackRock’s iShares Bitcoin Trust-IBIT, which The post Over the past year alone, more than $21 billion has flowed out of the Grayscale Bitcoin Trust ETF appeared first on CryptoNinjas.

Sheila Warren, the inaugural CEO of the Crypto Council for Innovation (CCI), has announced her.. The post Sheila Warren Steps Down As CEO Of Crypto Council For Innovation appeared first on 99Bitcoins.

Prominent Ethereum devs say substantially raising gas limits will increase network capacity and innovation, but others say it would pose serious risks to stability and security.

Microsoft, one of the largest tech companies in the world, has reinforced its interest in crypto as an asset class, proclaiming that it was one of the pioneers in accepting digital assets for its services. Microsoft Will Continue Evaluating Crypto as an Asset Class in the Future Microsoft, one of the largest companies in the […]

Mark Longo, owner of Peanut the Squirrel, accused Binance of using his Peanut’s likeness without permission to promote the PNUT memecoin.