Day: January 14, 2025

Bitcoin to remain in consolidation as fiat-to-stablecoin conversions stay muted, analysts warn

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Stablecoin minting data shows a slowdown in fiat-to-crypto on-ramps, with the Federal Reserve’s hawkish shift likely impacting market activity, Matrixport warns. Bitcoin (BTC) is likely to stay in consolidation as long as fiat-to-stablecoin conversions remain muted, according to Singapore-based digital asset firm Matrixport. In a Jan. 14 research note, Matrixport noted that the latest 7-day stablecoin minting indicator shows a “significant slowdown” in fiat-to-crypto on-ramps, particularly in the lead-up to the Christmas holidays. Markus Thielen, an independent analyst, said the dip can be attributed to the Federal Reserve’s hawkish pivot…

Bitcoin Slips Under $91,000 As Crypto Inflows See 56% Decline

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Bitcoin has continued its bearish price action as on-chain data shows the inflows into the cryptocurrency market have seen a sharp decline recently. Cryptocurrency Capital Inflows Have Seen A Notable Drop Recently As explained by analyst Ali Martinez in a new post on X, capital inflows for the cryptocurrency sector have slowed down over the past month. Capital enters (or exits) the digital asset market through mainly three asset classes: Bitcoin (BTC), Ethereum (ETH), and the stablecoins. It’s only once that inflows have made it to these coins that they…

Gryphon Digital acquires $18.7m site in Canada, inks new Bitcoin mining deal

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Gryphon Digital Mining received a 850-acre industrial site powered by natural gas in Southern Alberta, Canada from a signed agreement with Captus Energy for $18.7 million. According to Gryphon Digital’s press release, the Bitcoin (BTC) mining firm plans to use the recently acquired asset to further expand on its AI and high-performance computing data center infrastructure. Gryphon’s deal with Captus is expected to close before or some time in April 2025. Based on the agreement, Gryphon Digital will pay Captus $27 million CAD or equal to $18.7 million, which already…

Hong Kong construction firm Ming Shing invests $47m in Bitcoin to boost liquidity

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Hong Kong-based Ming Shing Group has invested $47 million in Bitcoin, acquiring 500 BTC as a short-term strategy to enhance liquidity and asset value. Public construction firm Ming Shing Group has joined the list of non-tech companies diversifying into cryptocurrency, investing $47 million in Bitcoin (BTC) to enhance liquidity and boost asset value. In a Jan. 13 press release, the Hong Kong-based company, mainly engaged in wet trades works like plastering and tile laying, announced that its wholly-owned subsidiary, Lead Benefit, purchased 500 Bitcoins at an average price of $94,375…

Top 3 cryptos under $5 that will make $5000 from $50 in next 5 months

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With Bitcoin’s rise, three cryptos under $5, Rexas Finance, Shiba Inu, and Dogecoin, could turn a $50 investment into $5000 in the next five months. Cryptocurrency remains a high-risk, high-reward investment avenue. Many cryptos under $5 have exponential potential as Bitcoin keeps rising toward unprecedented heights. Among those are Dogecoin (DOGE), Shiba Inu (SHIB), and Rexas Finance (RXS). Because of their special qualities, these tokens could turn a meager…

Bitcoin und Ethereum: Verluste gegenüber der Vorwoche

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Mit Blick auf die vergangene Woche bleiben Bitcoin und Ethereum im roten Bereich: Gegenüber der Vorwoche sank der Preis des Bitcoin um 7 Prozent, Ethereum um 14 Prozent. Geht es im Laufe der Woche wieder bergauf oder befinden sich die Nummer 1 und Nummer 2 laut Marktkapitalisierung in einer Abwärtsspirale? Bitcoin schwächelt Am 6. Januar durchbrach der Bitcoin wieder die 100.000 US Dollar-Marke und stieg auf über 102.000 US Dollar, dennoch konnte sich die Kryptowährung nicht über der psychologisch wichtigen Unterstützungsmarke halten. Am 9. Januar lag der Bitcoin bei unter…

Bitcoin ETFs on three-day outflow streak as BTC briefly dips below $90k

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Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of outflows this year, as Bitcoin fell below $90,000 amid a broader market risk-off sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $284.19 million in net outflows on Jan. 13, extending their outflow streak to three days, during which over $1 billion exited the funds. Fidelity’s FBTC led the outflows on Monday, with $113.64 million exiting the fund, followed by ARK 21Shares’ ARKB, which saw outflows of $92.36 million. Grayscale’s GBTC and Bitwise’s…

Could Bitcoin Hit Its Peak In Summer 2025? Analysts Weigh In

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Este artículo también está disponible en español. After reaching a new all-time high (ATH) of over $108,000 in December 2024, Bitcoin (BTC) has declined more than 15%, currently trading in the low $90,000 range. While bulls fear a further drawdown to $85,000, some analysts remain optimistic, suggesting that the premier cryptocurrency could rebound and potentially top out in the summer of 2025. Bitcoin To Top In Summer 2025?  According to crypto analyst Dave The Wave, BTC may peak in the summer of 2025, around the middle of the year. The…

Canadian Investors Gain Bitcoin Access With New Blackrock ETF

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Ishares, a subsidiary of Blackrock Asset Management Canada Limited, has unveiled the Ishares Bitcoin ETF on Cboe Canada, presenting Canadian investors with a bitcoin gateway, the leading cryptocurrency by market capitalization. Ishares Bitcoin ETF Debuts on Cboe Canada Trading for the Ishares Bitcoin ETF (IBIT) commenced on Jan. 13, 2025, on Cboe Canada, with listings […] Original

Cardano (ADA) Under Pressure: Struggles to Reclaim Lost Ground

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Cardano price started a fresh decline below the $0.9550 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level. ADA price started a fresh decline from the $1.0350 zone. The price is trading near $0.950 and the 100-hourly simple moving average. There was a break above a short-term bearish trend line with resistance at $0.9560 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.00 resistance zone. Cardano Price Attempts Recovery…