Category: Bitcoin

Singapore-licensed cryptocurrency payment platform Dtcpay has announced plans to phase out support for cryptocurrencies like Bitcoin in favor of stablecoin-only transactions. Dtcpay took to X on Dec. 3 to officially announce that its platform will phase out support for Bitcoin (BTC) and Ether (ETH) payments by the end of 2024. Instead, Dtcpay will transition to…

Bitcoin (BTC) has struggled to rally above $98,000 from Nov. 25 to Dec. 2, frustrating investors despite achieving a 38% monthly gain. Market participants worry that prolonged consolidation below the $100,000 psychological barrier could embolden bearish strategies to suppress BTC’s price. Bitcoin 2-month futures annualized premium. Source: Laevitas.ch Derivatives markets suggest resilience, with traders paying…

Bitcoin’s (BTC) price has been consolidating within a roughly $8,200 range over the last seven days as the $100,000 mark remains elusive. Bitcoin has been stuck between its resistance level at $99,700 and support at $91,600 since dropping from its Nov. 22 all-time high of $99,655. BTC/USD four-hour chart. Source: Cointelegraph/TradingView Let’s look closer at…

Bitcoin could be in for “insane long opportunities” over the coming months, as traders say BTC has now entered the price discovery phase.  “Bitcoin has begun its price discovery phase for this cycle,” observed trader and analyst ‘Daan Crypto Trades’ on X on Dec. 2, noting the asset has traded above its previous all-time high…

Bitcoin (BTC) recorded a 129% year-to-date gain, primarily driven by the outcome of the 2024 United States Presidential election and the April 2024 halving event. According to data from ICO Analytics, Bitcoin also experienced a 37% gain in November 2024. The ICO Analytics data measured monthly Bitcoin performance between 2011-2024 and revealed only three other…

Top Stories of The Week Dogecoin flips Porsche market cap as DOGE ETP, Musk drive rally Dogecoin has surpassed the market capitalization of luxury automaker Porsche, driven by endorsements from Elon Musk and the potential launch of an exchange-traded product for the memecoin. Dogecoin has risen 175% during the past month to a $57.8 billion…

Bitcoin (BTC) can reach $250,000 next year but hit $150,000 simply by copying 2023 BTC price action, new analysis says. Speaking to YouTube channel Wealthion on Nov. 29, Tom Lee, co-founder and head of research at financial research firm Fundstrat Global Advisors, gave a 12-month deadline for $250,000 Bitcoin. Lee: Bitcoin bull run “sweet spot”…

Bitcoin has entered the “parabolic phase” of the market cycle, as analysts point at a local top of above $110,000 before the end of January. Bitcoin price (BTC) could rise above $110,000 before the end of January based on its correlation with the Global Macro Investor’s Total Liquidity Index, which offers an aggregate view of…

Solv Protocol is preparing to launch an “onchain MicroStrategy” to bring yield-bearing Bitcoin (BTC) reserves to decentralized finance (DeFi), Solv’s co-founder Ryan Chow said in a Nov. 29 X post. “We’re building the first-ever On-Chain MicroStrategy—a transparent, permissionless platform that transforms Bitcoin from a passive store of value into an active financial powerhouse,” Chow said.…

The last 10 years have seen global geopolitical tensions increase, impacting financial markets, including Bitcoin. Still, the first cryptocurrency may be proving itself as a hedge against conflict.  The Israel-Gaza War appears set to continue after Israeli Prime Minister Benjamin Netanyahu removed political rival and war critic Yoav Gallant from his role as defense minister.…

Ether exchange-traded funds (ETFs) have seen more money from investors than their Bitcoin counterparts since Friday, Nov. 22, as Ethereum’s decentralized finance (DeFi) ecosystem scored a key victory in court this week. The spot Ether ETFs have taken in $224.9 million in net inflows over the last four trading days between Nov. 22-27, while the…

Bitcoin (BTC) reclaimed the $95,000 level after briefly testing below $91,000 on Nov. 26. The two-day, 5% rally marked a decoupling from traditional markets, particularly US government bonds. This shift contrasts with the previous week when Bitcoin’s price closely tracked the US 2-year Treasury note yields. US 2-year Treasury price vs. Bitcoin/USD. Source: TradingView /…

The Russian government is rushing to enforce new cryptocurrency taxes as Bitcoin smashes all-time highs against Russia’s national currency, the ruble. Russia’s Federation Council, the country’s upper house of parliament, has approved a federal bill introducing new taxes on cryptocurrency transactions. The legislation, approved on Nov. 27, recognizes digital currencies as property and imposes a…

Mining company MARA, formerly Marathon Digital, updated investors on November 27, outlining its acquisition of 6,474 Bitcoin (BTC) through its recent 0% $1 billion convertible note offering. According to the announcement, the company purchased an additional 703 Bitcoin following the initial purchase of 5,771 BTC at an average price of $95,395 per coin. The year-to-date,…

Bitcoin could still see a correction of up to 30% during its uphill battle to conquer the six-figure price tag for the first time. The Bitcoin (BTC) price is currently down over 7% from its all-time high of around $99,800, breached on Nov. 22, Cointelegraph data shows. BTC/USD 1-week chart. Source: Cointelegraph While most analysts…

A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets. The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit. According to the legislation, the Bitcoin (BTC) reserve…

Yellow Panther: The gamer who wears many hats Web3 gaming star Yellow Panther wants to set the record straight: full-time gaming is so much more than just playing; it is basically running a multi-operational business without the suit and tie.  Speaking to Web3 Gamer at the Yield Guild Games Play Summit in the Philippines, Yellow…

While Bitcoin has pulled back from its all-time highs, traders are still hot on several altcoins, according to Santiment’s social sentiment tracker.  In a Nov. 26 post to X, the onchain analytics platform said that while Bitcoin (BTC) fell under $93,000 on Nov. 25, “traders are still riding the hot altcoins and discussing specific stories…

The Open Network (TON), once hailed as the fastest-growing blockchain of 2024, is facing a significant slowdown. Just a few months ago, it reached an impressive 100 million wallets, thanks to its integration with the Telegram messaging app. The rapid rise of TON can be attributed to its distribution through Telegram’s Mini Apps and games.…

Hong Kong’s largest virtual bank, ZA Bank, launched a new service allowing retail users to buy and sell Bitcoin and Ethereum directly using fiat. According to a Nov. 25 statement from the bank, Hong Kong residents need an account with the bank and must undergo a risk assessment before using the new crypto service linked…