Donald Trump, the president-elect of the United States of America is planning to sign an executive order which will be a big blow for the U.S. crypto policy. The order will be released in coming weeks and could have a major impact on the rules of the industry. This is ... Read more
Bitcoin surged to $95,740 on Sunday evening, January 12, 2025, capping off a volatile weekend for the world’s leading cryptocurrency. Then, on January 13, 2025, BTC prices declined 0.27% to $94,283. Prices fluctuated between $94,000 and $95,000 before breaking to the upside. Corrective action has persisted since last week’s $102,000 ... Read more
Altcoin trading volume on Binance has surged to 78%, indicating the potential for a bull market in altcoins throughout 2025. The surge reflects the increasing retail interest in altcoins, positioning them as a strong contender in the crypto landscape. CryptoQuant contributor Burakkesmeci highlighted the 11% rise in the last five ... Read more
Ki Young Ju the CEO of CryptoQuant analyzed the current state of the altcoins, stating that the market is a “zero-sum PvP game.” In this market structure, the advantage that one player has is the disadvantage of the other player with no new money coming into the industry. This observation ... Read more
Reportedly, the U.S. Senate Banking Committee, led by Senator Tim Scott to establish the first-ever crypto subcommittee. The new unit will follow the 2023 House Financial Services Committee model led by Patrick McHenry. Senator Cynthia Lummis, a Republican from Wyoming, will chair the new cryptocurrency subcommittee. New members are expected ... Read more
Data from Spot on Chain reveals a whale deposited 300 Wrapped Bitcoin (WBTC), valued at $28.5 million, to Binance on January 9. Capitalizing on recent price increases, the sale earned the trader a remarkable $9.98 million profit. The transaction occurred just before reports about U.S. government approval for Bitcoin sales ... Read more
The US Department of Justice (DOJ) has received Court approval to sell approximately 69,370 Bitcoin seized in connection with the Silk Road darknet marketplace. Valued at around $6.5 billion, this marks the resolution of a protracted legal dispute over the cryptocurrency’s ownership. On December 30, a federal judge authorized the ... Read more
The latest report from Fidelity Digital Assets paints a rather grand picture of the future of cryptocurrency. The firm expects the following changes in the digital assets market by 2025: the emergence of new assets and the consolidation of significant changes that will affect the financial industry as a whole. ... Read more
Cryptocurrency analyst James Van Straten highlighted a pivotal trend in Bitcoin’s market Sunday, noting that long-term holders (LTHs) may have reached a supply bottom, signaling the start of an accumulation period. According to Van Straten, the market absorbed 1,098,490 BTCs, suggesting renewed growth in long-term holder balances. In a post ... Read more
MicroStrategy, the leading corporate holder of Bitcoin, has announced plans to raise $2 billion through a perpetual preferred stock offering to bolster its Bitcoin reserves. The move aligns with the company’s ambitious “21/21” plan, which involves raising $21 billion in equity and $21 billion in fixed-income instruments to support its ... Read more
