Category: Bitcoin

The United States Securities and Exchange Commission (SEC) has given the green light to Hashdex and Franklin Templeton’s respective Bitcoin and Ether index exchange-traded funds (ETFs). In a Dec. 19 notice, the SEC approved Hashdex’s Nasdaq Crypto Index US ETF, which will trade on the Nasdaq stock market. At the same time, the regulator approved…

Bitcoin (BTC) could see further upside volatility as BTC’s price revisits key levels, according to a classic technical analysis metric. In a Dec. 18 post on X, John Bollinger, the creator of the Bollinger Bands volatility indicator, said that Bitcoin was positioned for an upward breakout. Bitcoin Bollinger Bands could lead to a “walk up”…

Bitcoin reclaimed the key $100,000 psychological level shortly after it slipped below six figures, giving one crypto analyst reason for a short-term bearish view, while others dismissed the dip as routine.  “Bitcoin is developing a bearish engulfing weekly candlestick formation,” pseudonymous crypto trader Rekt Capital told their 518,900 X followers in a Dec. 19 post. …

Bitcoin and the wider crypto market sold off as the Fed announced a 25 basis point rate cut to its benchmark policy rate and signaled that fewer rate cuts than initially planned could take place in 2025.  Following Fed chair Jerome Powell’s post-rate cut presser, Bitcoin (BTC) price dropped 4.6% to $101,300, while Ether (ETH)…

Bitcoin’s (BTC) price has dropped 4.75% a day after establishing its record high of around $108,365, and was trading for around $104,175 on Dec. 18. The decline appears ahead of the United States Federal Reserve’s key interest rate decision, suggesting most Bitcoin traders are de-risking ahead of the event. BTC/USD four-hour price chart. Source: TradingView…

An Ohio House of Representatives lawmaker has introduced a bill to establish a Bitcoin fund in the state’s treasury, marking the third US state to do so in just over a month.  Ohio House Republicans leader Derek Merrin on Dec. 17 introduced HB 703, tentatively titled the Ohio Bitcoin Reserve Act, which would give the…

Bitcoin (BTC) hit flash volatility after the Dec. 17 Wall Street open as new all-time highs preceded a snap downturn. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin erases open interest with red candle Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD reaching its highest-ever levels before diving over $2,000 in minutes. The retracement sent the…

Mt. Gox, a long-bankrupt crypto exchange, transferred about $172.5 million worth of Bitcoin to an unknown wallet less than 24 hours after the cryptocurrency hit a new high of almost $108,000. Arkham Intelligence shows the exchange moved 1,619.6 Bitcoin (BTC) to two untagged addresses on Dec. 17, split between a 1427.9 BTC and a 191.7…

Crypto exchange Bitget is now authorized to offer Bitcoin-related services in El Salvador. According to a Dec. 16 announcement, Bitget secured a Bitcoin Service Provider (BSP) license from El Salvador’s central reserve bank. The authorization will allow Bitget to offer a range of services tied to Bitcoin (BTC), including fiat currency exchanges, payment services, and…

The Bitcoin to gold ratio, one of the key metrics offering the purchasing power of Bitcoin relative to gold, has hit a new all-time high (ATH) as the BTC price breaks new records. Veteran futures forex trader Peter Brandt took to X on Dec. 16 to report that the Bitcoin (BTC) to gold ratio has…

Michael Saylor, the orchestrator of MicroStrategy’s Bitcoin investment strategy, hinted it bought more Bitcoin over the weekend — marking the firm’s first acquisition with an average purchase price of over $100,000. In a Dec. 15 post to X, Saylor asked whether MicroStrategy’s Bitcoin (BTC) portfolio tracker SaylorTracker was “missing a green dot” — hinting the…

What are Bitcoin miners as energy buyers? Bitcoin miners can work as dynamic energy buyers with the flexibility to adjust consumption according to energy supply and demand using sophisticated energy management strategies.  First things first, you need to understand the Bitcoin mining basics. To secure the Bitcoin blockchain network, process transactions, and mint new coins,…

Bitcoin wallets holding less than 1 BTC are expected to grow by approximately 9% in the near term as small-scale investors keep accumulating despite the asset breaking past the $100,000 mark, according to a crypto analyst. “Despite being labeled as “shrimps,” these holders are showing strong confidence in Bitcoin’s growth, continuing to accumulate coins even…

Ether could surpass its previous all-time high during the first quarter of 2025, according to market analysts. Ether (ETH) has been unable to remain above the key $4,000 psychological threshold despite Bitcoin (BTC) breaching the record $100,000 high on Dec. 6 for the first time in crypto history. However, Ether may soon start catching up to Bitcoin’s gains…

A crypto analyst has warned that if approved, Senator Lummis’ proposal for the United States government to acquire 5% of Bitcoin’s supply could cause increased price volatility in the short term. “I expect it to be pretty volatile, especially if the strategic Bitcoin reserve gets approved; I think Bitcoin will pump then probably rotate back,”…

Despite sideways volatility, Bitcoin (BTC) price has closed a daily candle above $95,000 every day since Nov. 27, indicating continuous buying pressure from investors at a higher range. Bitcoin 1-day chart. Source: Cointelegraph/TradingView While price fluctuations or choppy markets can last weeks, an Ernst and Young consultant says the long-term price expectation for Bitcoin in…

An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains, in a case involving about $4 million worth of cryptocurrencies. According to the United States Department of Justice (DOJ), Texas-based Bitcoin (BTC) investor Frank Richard Ahlgren III “falsely underreported the (realized) capital gains” earned from…

Big Tech companies like Amazon have a large amount of cash on hand — $87 billion last year — which loses purchasing power as the currency evaluates. Washington DC-based think tank The National Center for Public Policy Research (NCPPR) has submitted shareholder proposals to adopt Bitcoin (BTC) as a solution. However, whether tech giants would see…

Byte Federal, one of the largest Bitcoin ATM operators in the United States, has suffered a major data breach potentially affecting 58,000 customers. On Dec. 12, Florida-based Byte Federal submitted a filing with Maine’s attorney general, reporting a security breach resulting in unauthorized access to the personal data of its clients. Byte Federal said it…

As talk of a potential Bitcoin (BTC) strategic reserve grows and sovereign states weigh adopting BTC as a reserve asset, crypto custody company Casa recently announced a self-custody option for nation-states called Praetorian. The new service will provide sovereign powers with security through Casa’s multisignature crypto vaults. Each vault is located in a different jurisdiction…