Bitcoin Financial News

Bitcoin's price could breach $170,000 next year, driven by demand for newly listed exchange traded-funds and April's halving event, hedge fund SkyBridge's Anthony Scaramucci said in an interview on Monday. «If bitcoin's at $45,000 on the halving, where it roughly is right now, it'll be $170,000 by mid- to late 2025,» the SkyBridge founder and managing partner told the Reuters Global Markets Forum in the Swiss ski resort of Davos. The halving is a technical event that reduces the rate at which new bitcoin are released into circulation. «Wherever the price is on the day of the halving in April, multiply it by four, and it'll reach that price in the next 18 months,» Scaramucci said ahead of the World Economic Forum's annual meeting.

Bitcoin, Ethereum, Solana, Cardano and Tron were trading in the red, while BNB, XRP, Dogecoin, Chainlink, and Toncoin were in the green. «The Bitcoin traders liquidating their positions as they were not able to meet the margin requirements as the Bitcoin process went up and then retreated in a short span after Bitcoin ETF listings. The market is expected to remain volatile in the coming weeks owing to the macroeconomic conditions,» said Shivam Thakral, CEO of BuyUcoin. At 12:19 p.m., Bitcoin (BTC) was trading 0.6% lower at $42,667, while Ethereum (ETH) was down 1.6% at $2,513. Whereas, altcoins, such as Toncoin and BNB, surged 13.2% and 4.5%, respectively. «BTC price experienced unexpected lows after the approval of the spot ETF, but the bullish performance of altcoins may signal an early reversal. The anticipation surrounding spot Bitcoin exchange-traded funds generated significant excitement, yet the failure to lead to a sharp upward movement may have prompted traders to take profits. This resulted in a sharp pullback to $41,500,» said ZebPay Trade Desk.

Former BitMEX CEO Arthur Hayes believes the emergence of spot Bitcoin (BTC) exchange-traded funds (ETFs) would be a game-changer for traders worldwide.

A cryptic message has recently surfaced on the Bitcoin (BTC) blockchain, leaving the crypto community buzzing with curiosity.

Embattled crypto lender Celsius has transferred over $125 million worth of Ether to various cryptocurrency exchanges as part of its plan to initiate repayments to its creditors.

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), does not see cryptos anywhere near the Dollar in stature.

petro cryptocurrency that President Nicolas Maduro launched six years ago to sidestep US sanctions, but which never took off and became embroiled in a graft scandal. All crypto wallets held on the Patria Platform — the only website where the petro was tradeable — will be shut down on Monday, January 15, according to a message displayed on the platform's site. Any remaining petros are being converted to bolivars, the ailing local currency. The cryptocurrency was launched with great pomp and ceremony in February 2018, backed by Venezuela's vast petrol reserves, and priced at US $60 per unit.

Leading cryptocurrency miners are bracing themselves for the challenges ahead as the mining industry prepares for a major transformation with the 2024 Bitcoin (BTC) halving event.

According to the most recent research conducted by Matrixport, the approval of a Bitcoin Spot ETF is expected to occur very soon, which would result in a significant increase in the price of Bitcoin to $50,000. A consolidation that occurred between the middle and the end of December is the basis for this optimistic projection, which was issued on January 2, 2024. It is supported by a number of important reasons, including the possibility of institutional investment and a change in market attitude.

Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge, has shared an optimistic outlook for Bitcoin’s future, suggesting that its price could potentially reach $170,000 in the coming year.

In the ever-evolving landscape of cryptocurrency, Bitcoin price has seen a notable uptick, trading at $42,806 with a 0.55% increase on Tuesday. This surge has been accompanied by growing interest in US-based crypto products, particularly following the approval of spot ETFs.

In a recent unforeseen turn of events, Bitcoin (BTC) experienced a dramatic fluctuation in its price, prompting a market-wide reevaluation and a shift of focus towards Ethereum (ETH) and Retik Finance.

In the dynamic realm of cryptocurrency, Bitcoin ‘s price trajectory has recently taken a downward turn, falling to $42,000 amidst diminishing enthusiasm for Bitcoin exchange-traded funds (ETFs). This decline occurs against the backdrop of a slightly contracting global crypto market, which currently stands at a valuation of $1.68 trillion, marking a modest 0.09% decrease in the past 24 hours.

By Divya Chowdhury and Lisa Pauline Mattackal

Banking giant JP Morgan projects a huge inflow into spot Bitcoin ETFs from other cryptocurrency-related products even without new capital from the wider financial market.

The crypto industry is anticipating a positive shift in 2024, with several key trends shaping the landscape.

Last week, digital asset investment products witnessed a significant surge in inflows, totaling an impressive $1.18 billion, albeit subject to a T+2 settlement.

Bitcoin rocketed past the $44000 mark signalling a substantial rebound. This upsurge caught many by surprise as just days prior, Bitcoin had sunk to below $42,000. Other cryptocurrencies including altcoins, like Ethereum and Solana, also experienced substantial recoveries.

Bitcoin posted its worst streak in about a month after the US Securities and Exchange Commission approved spot Bitcoin (BTC) ETFs.

As the trading week begins, Bitcoin exhibits a choppy pattern, marginally up by 0.06% and hovering around $42,635. The cryptocurrency landscape is buzzing with notable developments that could shape its short-term trajectory. Ark Invest’s Cathie Wood, a known advocate for Bitcoin, continues to hold a strong belief in its potential, further influencing market sentiment.

Immediate Serax claims itself to be a crypto trading platform capable of empowering investors’ trading potential. According to the platform’s website, it has been instrumental in providing traders with a hands-free way of trading ever since it launched in November 2023.