Étiquette : bitcoin

Bitcoin Surges 8%: How Trump’s Crypto Reserve Boost and Key Technicals Could Push BTC to Six Figures

Bitcoin Surges 8%: How Trump’s Crypto Reserve Boost and Key Technicals Could Push BTC to Six Figures

Crypto
Edited by Matt Waller Bitcoin has staged a remarkable comeback, surging 8% in just 24 hours and climbing from a recent dip below $80,000 to trade around $92,400. This rebound comes on the heels of a high-profile announcement by former President Donald Trump, who unveiled plans to establish a US Crypto Strategic Reserve. The reserve, which will include leading digital assets such as Bitcoin, Ethereum, XRP, Solana, and Cardano, is seen by many as a catalyst for a new era of institutional support. With robust technical signals and optimistic market sentiment, some analysts now speculate that Bitcoin could be on the verge of breaking into six figures. Key Points Significant Price Recovery: Bitcoin surged 8% in 24 hours, trading at approximately $92,400 after b...
Bitcoin at $84K: Ten Global Events Set to Shape the Crypto Market’s Future

Bitcoin at $84K: Ten Global Events Set to Shape the Crypto Market’s Future

Breaking News, Business, Crypto
Edited by Matt Waller Bitcoin is trading just above $84,000 as the cryptocurrency market braces for a storm of global events that could redefine its trajectory in the coming weeks. With heightened volatility and shifting investor sentiment, key developments—from central bank decisions to trade policies and regulatory moves—are poised to either support a recovery or trigger further downturns. Here’s a comprehensive look at ten critical factors that could influence Bitcoin’s path forward. Key Points Federal Reserve Policy: Upcoming interest rate decisions could tighten liquidity and dampen demand for riskier assets. Inflation Data: The U.S. Consumer Price Index report may reshape expectations for future monetary policy. Trade Tariffs: Lingering effects...
Pennsylvania AG Warns of Sophisticated Bitcoin ATM Scams: What Residents Need to Know

Pennsylvania AG Warns of Sophisticated Bitcoin ATM Scams: What Residents Need to Know

Breaking News, Crypto
Edited by Matt Waller Pennsylvania’s Attorney General, Dave Sunday, has issued a stark warning to residents about a surge in sophisticated Bitcoin ATM scams. As scammers employ increasingly intricate tactics to steal personal information and access consumers’ funds, authorities are ramping up efforts to safeguard investors—not just in Pennsylvania but across the nation. Key Points Statewide Warning: Pennsylvania’s AG has alerted residents to scams targeting Bitcoin ATM users. Scam Tactics Revealed: Scammers initiate contact via calls, texts, emails, and social media to coerce victims into large cash withdrawals. Preventive Measures: The AG advises caution—avoid unsolicited communications and verify requests through official channels. Federal Action: T...
Bitcoin Turbulence: Whale Exodus and $1.3B Liquidations Force BTC Below $88K, Paving the Way for a 2025 Recovery

Bitcoin Turbulence: Whale Exodus and $1.3B Liquidations Force BTC Below $88K, Paving the Way for a 2025 Recovery

Breaking News, Crypto
Edited by Matt Waller Recent market turbulence has seen Bitcoin (BTC) teetering below the $88K mark, as a combination of low whale demand, heavy profit-taking, and mounting geopolitical pressures trigger widespread crypto liquidations. Over the past 24 hours, more than $1.3 billion has been liquidated across the crypto market, primarily impacting long positions in both BTC and Ether. With several US states rejecting strategic Bitcoin reserve proposals and US spot BTC ETFs bleeding capital, market sentiment has turned notably bearish—even as many experts see this as a potential setup for a 2025 bull rally. Key Points Price Decline: BTC has fallen over 7% in the last two days, dipping to as low as $87.7K on some centralized exchanges. Technical Breakdown: The...
Crypto Investment Outflows Surge Amid US Policy Uncertainty

Crypto Investment Outflows Surge Amid US Policy Uncertainty

Breaking News, Crypto
Edited by Matt Waller Investors are pulling back from crypto investment products amid growing uncertainty over US economic policy. Over the past week, a reported $508 million was withdrawn from digital asset products, bringing the two-week total to an astounding $924 million. The sell-off coincides with heightened concerns over trade tariffs, inflation, and shifts in monetary policy following the presidential inauguration. Key Points: Total Outflows: Crypto investment products saw $508 million in withdrawals last week, totaling $924 million over two weeks. Bitcoin Under Pressure: Bitcoin experienced heavy selling pressure with outflows reaching $571 million and investors shorting $2.8 million in positions. Altcoin Inflows: In contrast, XRP led the altcoi...
Crypto Week in Focus: LIBRA Wipeout, FTX Payouts, YZY Debut, and the Hamster Kombat Revival

Crypto Week in Focus: LIBRA Wipeout, FTX Payouts, YZY Debut, and the Hamster Kombat Revival

Breaking News, Crypto
Edited by Matt Waller The crypto landscape has experienced a dramatic week, defined by extreme volatility and bold strategic moves. From the catastrophic collapse of the LIBRA meme coin to significant creditor payouts by FTX, alongside major financial maneuvers and high-profile token launches, these events illustrate both the promise and peril of the digital asset space. Key Points: LIBRA Meme Coin Collapse: A pump-and-dump maneuver led to a 90% drop, erasing around $251 million in value and leaving 86% of traders with losses. FTX Creditor Payouts: FTX has initiated a $1.2 billion distribution to smaller creditors as a first step in its recovery process. Strategy Convertible Note Offering: Strategy announced a $2 billion convertible senior note offer...
Bitcoin Rewards App Fold Experiences Volatility in Wall Street Debut

Bitcoin Rewards App Fold Experiences Volatility in Wall Street Debut

Crypto, Markets
Edited by Matt Waller Fold Holdings, a bitcoin rewards platform, made its public market debut on Nasdaq on Wednesday through a SPAC merger with FTAC Emerald Acquisition Corp. The company, which boasts a 1,000 BTC holding valued at roughly $96 million at current prices, has joined an exclusive club of public companies with significant bitcoin exposure on their balance sheets. A Tumultuous Start on the Nasdaq Fold’s market debut was marked by early trading volatility. Shares jumped over 30% above the $13 level in the first few minutes. However, gains were not sustained. The stock pulled back and eventually traded around $11. This swing underscores the challenges new crypto-related listings face amid uncertain investor sentiment. The SPAC merger route allowed F...
Bitcoin Price Today: Dips to $96.4K Amid Surging US Inflation Concerns and Anticipated Fed Updates

Bitcoin Price Today: Dips to $96.4K Amid Surging US Inflation Concerns and Anticipated Fed Updates

Crypto
Edited by Matt Waller Bitcoin’s latest price action reflects heightened market anxiety as fresh US inflation data and impending Federal Reserve commentary reshape investor sentiment. At 01:30 ET (6:30 GMT) on Monday, the world’s leading cryptocurrency slid 1.3% to approximately $96,400, intensifying volatility after a period of cautious optimism. Fresh Inflation Data Fuels Market Uncertainty A recently released US Consumer Price Index (CPI) report for January has revealed that inflation continues to hover above the Federal Reserve’s 2% target. This persistent inflation has rekindled fears among investors about a prolonged period of aggressive monetary tightening. According to several fresh market analyses, these inflation figures suggest that the Fed could remain o...
James Howells: 12 Years After Losing 8,000 Bitcoins, a Desperate Bid to Recover His Fortune

James Howells: 12 Years After Losing 8,000 Bitcoins, a Desperate Bid to Recover His Fortune

Crypto
Edited by Matt Waller In 2013, a seemingly routine mistake turned into one of the most talked-about mishaps in the crypto world. James Howells, a British IT professional, inadvertently discarded a hard drive containing 8,000 bitcoins—a sum that held only modest value at the time. Fast-forward to today, and with Bitcoin soaring past the 100,000-dollar mark, those lost coins are now worth several hundred million dollars. A Costly Error with Monumental Consequences Back in 2013, while clearing out clutter, Howells mistakenly threw away a hard drive that he had used to mine bitcoins. Unbeknownst to him, this act would set the stage for an epic quest spanning over a decade. The hard drive ended up in a landfill in Newport, Wales—a location that has since become the focal po...
Strategy Deepens Its Bitcoin Holdings with a $740 Million Acquisition

Strategy Deepens Its Bitcoin Holdings with a $740 Million Acquisition

Breaking News, Crypto
Edited by Matt Waller In a bold move that underscores its unwavering commitment to digital assets, Strategy—formerly known as MicroStrategy—has just injected another $740 million into its Bitcoin portfolio. Despite recent market uncertainties and a cooling investor sentiment, the firm acquired 7,633 additional Bitcoins, further cementing its reputation as one of the world’s most aggressive institutional Bitcoin buyers. A Calculated Bet Amid Market Volatility The recent purchase was executed at an average price of approximately $97,250 per Bitcoin, bringing Strategy’s total holdings to an impressive 478,740 BTC. With current market valuations placing its digital assets at over $47 billion, the acquisition not only reinforces the company’s strategic long-term vision but ...