Bitcoin’s value slid early Monday, dipping beneath the $94,000 mark. In the past 24 hours, a combined $271.22 million in crypto positions—both short and long—have been cleared out. Bitcoin Slides Into the Red—South Korea’s Premium Returns The leading digital asset, bitcoin (BTC), has dropped 2.1% against the U.S. dollar as of Dec. 23, marking an […] Original
On Sunday, President-elect Donald J. Trump revealed that Stephen Miran, who previously served during Trump’s first term, will helm the Council of Economic Advisers. Miran is seen as a pro-bitcoin ally, openly advocating for cryptocurrencies’ role in driving both innovation and economic progress. Trump Taps Stephen Miran to Shape U.S. Economic Policy Stephen Miran, a […] Original
Este artículo también está disponible en español. Bitcoin has been on a correction path since it reached a new all-time high of $108,135 on December 17. Notably, this correction has seen the leading cryptocurrency decline by about 10% up until the time of writing and even breaking below $93,000 very quickly. Related Reading This notable decline has seen Bitcoin retesting the Bollinger Bands, and technical analysis suggests a bounce from here to reach a price target around $178,000. Bitcoin Retests Monthly Upper Bollinger Band Bitcoin’s recent price correction has caught…
For four days straight, bitcoin’s historic high of $108,000 has been in the rearview mirror, with the digital asset now dipping over 10% from its peak. Yet, while the price has cooled, long-dormant bitcoins are springing to life, making their way to new wallets. From Dormant to Dynamic In the past 12 hours, bitcoin has […] Original
Right now, bitcoin’s price is cruising comfortably over the $97,000 mark, and we’ve got just ten days until we wave goodbye to the year. Here’s a rundown of four big economic happenings that might steer bitcoin’s course in the future. A Look at 4 Big Trends Ready to Tilt Bitcoin’s Trajectory Bitcoin enthusiasts are all […] Original
The cryptocurrency market surge has delivered exceptional returns for hedge fund giants Brevan Howard and Galaxy Digital. The duo has risen as standout performers following Bitcoin’s rise to $108,000. According to data from Hedge Fund Research, cryptocurrency-focused hedge funds achieved gains of 46% in November, pushing their year-to-date returns to 76%. This performance outpaces the broader hedge fund industry, which recorded a more modest 10% gain in the first 11 months of 2024. Hedge funds capitalize on market momentum Brevan Howard Asset Management, with CEO Aron Landy at the helm,…
Crypto markets were under downward pressure on Friday, Dec. 20, driven by Bitcoin’s drop below $100,000, a broad spot price dip, and a funding flush. Cryptocurrency market prices corrected shortly after the U.S. Federal Reserve announced it would slow down rate cuts to address inflation concerns. Following the 25 basis point interest rate reduction, Bitcoin (BTC) slipped under $97,000, dragging the broader digital asset market with it, according to crypto.news price data pages. According to CoinGlass, Bitcoin’s descent triggered a $1.4 billion mass liquidation event, wiping out leveraged long positions…
Bitcoin (BTC) took a nosedive on Thursday, hitting an intraday low of $95,578 per coin, slipping more than 7% against the U.S. dollar in just one day. The whole crypto scene has shed over 11% in value, dragged down by BTC’s massive plummet. Crypto Market Carnage It was not a stellar day for bitcoin (BTC), […] Original
Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen’s Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike. According to a report by Wen Wei Po, the price of the Antminer S21 335T, a mining device, has now reached $5,600, or around RMB 40,700, climbing up by 30% compared to last year’s price of $3836.19, which comes to 28,000 RMB. There is even much higher demand for the Antminer S21 XP, a raw mining device with water-cooling facilities, which has continued to cause stockouts…
Bitcoin’s surge past $100,000 has created 14,211 new millionaires and four new billionaires, a new study NFT Evening has revealed. Bitcoin Investors Outshine Blue-Chip Stock Investors According to findings from an NFT Evening study, bitcoin’s surge past the $100,000 mark has created 14,211 new millionaires and four new billionaires. The report explains that bitcoin (BTC) […] Original