Bitcoin’s price is struggling below $100K as some of the altcoins are taking off. The most recent price action of Bitcoin and the broader cryptocurrency markets reflects the disappointment in the most recent press conference held by the crypto and AI czar in the US – David Sacks. Markets are shaky and unconvincing, clearly suggesting
El Salvador struck a loan deal with the IMF in which it will make Bitcoin acceptance voluntary and roll back government involvement in Bitcoin-related projects. El Salvador is set to make merchant acceptance of Bitcoin voluntary, unwind its involvement in its little-used Chivo wallet and make public sector engagement of Bitcoin-related economic activity “confined” as
Bitcoin (BTC) is pushing to regain its six-figure valuation following a period where it risked falling below $90,000 support zone. However, on-chain data suggests a new record high could be on the horizon amid the recent volatility. Specifically, data indicates that Bitcoin is currently hovering near a critical price range between $97,500 and $99,800, where over 924,000 addresses previously
Bitcoin price fell into the $95,000 range, but data suggests the bulk of the correction could be over. Bitcoin’s BTC $97,622 price correction continued on Dec. 19, creating BTC’s largest daily chart drawdown in Q4 and the steepest decline since Aug. 5. While the crypto asset briefly reclaimed a position above $100,000, the formation of a clear
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Australian computer scientist Craig Wright was given a one-year suspended sentence for contempt of court, Bitcoin miner Hut 8 announced a $100 million purchase
American economist Peter Schiff is sustaining his critique of MicroStrategy (NASDAQ: MSTR) executive chairman Michael Saylor’s Bitcoin (BTC) accumulation spree as a ‘shell game,’ questioning its long-term viability. This criticism comes as MSTR’s share price has experienced a bearish sentiment in the short term, dropping 8% in the past week despite Bitcoin trading at a new record high. According to
Bitcoin now commands its highest-ever value relative to gold, marking a potential shift in store-of-value preferences. Bitcoin’s break to new heights this week has nudged its ratio against gold to record levels as institutions continue to pile into the digital asset toward the end of the year. The ratio, which measures how many ounces of
The November U.S. elections have undeniably awoken Bitcoin from something of a summertime slumber as the world’s premier cryptocurrency recorded several sequential rallies to new all-time highs (ATH) – first to $99,000, then $104,000, and finally above $107,000. The most recent rally – the one that led to BTC press time price of $107,146 – even countered the ‘Sunday
Bitcoin (BTC), the largest cryptocurrency, hit another massive milestone in its splendid Q4, 2024, rally. Finally, its Energy Value metric hit $100,000. The timeline for this accomplishment was masterfully predicted by Capriole Investments’ Charles Edwards almost five years ago. Bitcoin Energy Value reaches epic milestone Bitcoin Energy Value, a key metric of the BTC Proof-of-Work
Bitcoin is posting new highs, bolstered by various tailwinds, including market reactions to President-elect Donald Trump. Bitcoin has broken to fresh highs above $104,900 as this year’s rally continues to benefit from several tailwinds, including President-elect Donald Trump’s impact on markets. The asset is up 3.5% on the day following a new record price of