Category: Bitcoin

US Senator Elizabeth Warren has penned an open letter to Donald Trump’s pick to lead the US Treasury, urging him to evaluate stricter regulations and enforcement measures for digital assets if he takes office.  In the Jan. 12 open letter, Warren asked Treasury Secretary-designate Scott Bessent if the Treasury Department should have more power to…

2025 is shaping up to be another banner year for Bitcoin (BTC) and the broader cryptocurrency market, with the inauguration of President-elect Donald Trump set to drive markets even higher, according to Pantera Capital’s latest blockchain letter.  Pantera’s “The Year Ahead in Crypto” sought to dispel fears that the United States presidential election was a…

A major Bitcoin correction in the first month of a year after the blockchain sees a halving is historically not unusual, according to analysts who have compared previous cycles.  “Bitcoin dumping in January has historically been a common occurrence in post-halving years,” crypto analyst Axel Bitblaze told his 123,000 X followers on Jan. 12. “We…

MicroStrategy co-founder Michael Saylor posted the Bitcoin (BTC) tracker for the 10th consecutive week on Jan. 12. The chart has come to signal an impending Bitcoin purchase and is typically posted by the MicroStrategy executive on Sundays. According to SaylorTracker, MicroStrategy (MSTR) currently holds 447,470 BTC, valued at approximately $42.4 billion, following the company’s most…

Altcoin trading volume dominance on crypto exchange Binance has hit 78%, a level that a crypto analyst says points to strong potential for an altcoin bull market in 2025. “With retail interest gaining traction, the altcoin market could continue to build strong momentum in the coming months,” CryptoQuant contributor Burakkesmeci said in a Jan. 11…

Top Stories of The Week New Hampshire, North Dakota introduce bills for Strategic Bitcoin Reserve New Hampshire and North Dakota have become the latest US states to introduce legislation for a strategic Bitcoin reserve, signaling a continued push among lawmakers to diversify state treasuries with the cryptocurrency. According to Satoshi Action Fund CEO Dennis Porter,…

Kenya is preparing legislation to regulate cryptocurrencies, marking a shift from the cautious warnings previously issued by the Central Bank of Kenya (CBK). On Jan. 10, Treasury Cabinet Secretary John Mbadi reportedly said the government is “committed to creating the necessary legal and regulatory framework” for cryptocurrencies. The announcement comes as Kenya drafts a new…

A Bitcoin analyst has warned crypto market participants to tread carefully in the coming months, with more profit-taking expected in the near term. “Risk is peaking for the first time in this cycle, and there’s a ton of profit in coins that have been selling and plenty more profit-taking to go before we are properly…

Bitcoin’s (BTC) price outlook remains “structurally bullish” despite temporary headwinds from macroeconomic data, Zach Pandl, Grayscale’s head of research, told Cointelegraph. On Jan. 10, a positive US jobs report sent BTC’s spot price tumbling below $93,000 as the US dollar rose on expectations of slower interest rate cuts.  “Bitcoin seems to be held back by…

The US emerged as the biggest investor in spot Bitcoin exchange-traded funds (ETFs) in 2024, while Canada — the first country to launch a spot Bitcoin ETF — was among the major losers. US spot Bitcoin (BTC) ETFs accounted for 100% of $44.2 billion crypto exchange-traded product (ETP) inflows in 2024, making the US the…

Bank of China ex-VP says Bitcoin will harm dollar’s hegemony Wang Yongli, former vice president of the Bank of China, has criticized US President-elect Donald Trump’s Bitcoin reserve proposal, arguing it conflicts with Trump’s goal of maintaining the dollar’s global dominance. “Bitcoin’s decentralized nature offers no advantage to bolstering the dollar’s global status. On the…

James Howells, an IT engineer from Newport, Wales, has lost his legal battle to recover a hard drive containing more than $770 million worth of Bitcoin. The hard drive, which holds Bitcoin (BTC) mined in 2009, was mistakenly thrown away and ended up in a landfill. The Newport City Council has denied access to the…

Large Bitcoin holders are back to buying huge amounts of the cryptocurrency after its price dove toward the end of 2024 following a record six-figure high, says a Blocktrends analyst. More than 34,000 Bitcoin (BTC), currently worth $3.2 billion, has been “accumulated by institutional investors, providing buying pressure for the current recovery in Bitcoin,” Blocktrends…

Bitcoin (BTC) has pulled back near $95,000, indicating that the bears are trying to strengthen their position. A minor advantage in favor of the bulls is that the US spot Bitcoin exchange-traded funds witnessed inflows of $52.4 million on Jan. 7, even when Bitcoin fell more than 5%, per Farside Investors data. This suggests that…

An early Texas Bitcoin investor was ordered to surrender his crypto and other wallet private keys and access codes as part of a restraining order after being sentenced in December to two years in prison for tax fraud. Frank Richard Ahlgren III, who falsely underreported capital gains on over $3.7 million in Bitcoin (BTC) sales…

Bitcoin (BTC) closed a daily candle at $102,180 on Jan. 6 after another round of positive ETF inflows worth $978.6 million. However, prices dropped sharply on Jan. 7 as traders expected BTC to retest the $100,000 level. Despite these short-term BTC drawdowns, significant investor activity was observed on major exchanges, indicating a bullish urgency.  Bitcoin…

The governor of the Czech National Bank, Aleš Michl recently considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, highlighting growing government interest in cryptocurrency as a savings technology. In an interview with CNN Prima News, Michl said he was considering acquiring “a few Bitcoin” for diversification, which wouldn’t count as…

Bitcoin’s (BTC) price is up 8.5% in 2025, with the collective crypto market turning bullish ahead of President-elect Donald Trump’s inauguration on Jan. 20. Bitcoin 1-month chart. Source: Cointelegraph/TradingView With BTC breaking past $100,000 yet again, multiple analysts presented new all-time high targets for the largest crypto asset in the coming days. Could Bitcoin hit…

GSR Markets UK, a subsidiary of the global cryptocurrency trading firm GSR, has received regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA), allowing the company to operate as a licensed crypto asset business. According to a news release, the approval makes GSR the first crypto liquidity provider to achieve dual regulatory authorization from…

Bitwise CEO Hunter Horsley says 2025 could see a boom in smaller, niche businesses aided by AI and tokenization, more corporate Bitcoin adoption, and an “unfreezing” of mergers and acquisitions that could benefit crypto. In a series of X posts on Jan. 5, Horsley said he sees the world “on the precipice of change” in…