Price 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.

US labor market fueled optimism about potential interest rate cuts this year, ahead of next week's crucial inflation data. Meanwhile, the global cryptocurrency market cap surged by 1.7% to around $2.33 trillion in the last 24 hours.

Bitcoin halving events have historically provided global investors with successive bullish momentum that have often resulted in all-time high levels. As the Bitcoin halving event in 2024 approaches on April 19, questions have been raised about whether the market will repeat itself once again or not. Investors are waiting eagerly for the appropriate moment to invest in the world's largest cryptocurrency, with lingering questions about whether it would be the right time to invest. Bitcoin price action history suggests that similar to the halving events of the past, the halving event on April 19 could provide an opportunity for investors to invest their capital in the cryptocurrency. It showed a steep climb from $42,000 at the beginning of the year to $72,000 on March 12 to establish a brand new all-time high level. The development came only a week after it had toppled the 2021 all-time high of $68,729. During this time, the US Federal Reserve maintained the interest rates. However, the rates are expected to be slashed in the later months of 2024.

Bitcoin halving season? Just google for Joe Biden's tweet right after the Super Bowl. Those red eyes on Biden? Bitcoin Maxis call them the bitcoin laser eyes. Every four years, a significant event occurs in the world of Bitcoin known as «Bitcoin halving.» This event, integral to understanding Bitcoin's dynamics and future, is a reduction in the block reward for miners, ultimately leading to a finite supply of 21 million Bitcoin.

The Securities and Exchange Commission (SEC) said it has not yet approved spot bitcoin ETFs. The SEC's account on X, the platform formerly known as Twitter, had been compromised briefly by an unknown party after about 4 pm Eastern time but «unauthorized access has been terminated,» the agency said. It will work with law enforcement to investigate the hack and «related conduct,» the SEC said. X's head of business operations, Joe Benarroch, said in a statement that the SEC's account was secure and the company was investigating the «root cause» of the account compromise.

Crypto assets have taken the world by storm in recent years, with Bitcoin leading the charge. Its meteoric rise in value has attracted the attention of both seasoned investors and newcomers alike. To make an informed decision, consider these five crucial factors before embarking on a Bitcoin investment journey.1. Investment vs Trading The easiest thing to do once you enter the crypto market is to trade and gamble away your funds. Focus on a long-term investment horizon. Embrace a patient, forward-thinking approach, and resist the temptation of chasing short-term gains.2. Volatility

Recent data from non-fungible token (NFT) marketplaces show a sharp decline in transaction volume and prices with several projects posting double-digit losses.

Bitcoin is on course to close May down a little over 7%, marking the first negative month for the world’s largest cryptocurrency since last December.

Dogecoin (DOGE), the cryptocurrency that powers the decentralized dog meme inspired payments blockchain protocol Dogecoin, has fallen by a little over 3.5% this Monday in tandem with a broader pullback in cryptocurrency markets and traditional risk assets like stocks. DOGE/USD last trading in the mid-$0.08s per token.

After rising sharply in number in wake of the Bitcoin price drop that was triggered as a result of the collapse of the FTX cryptocurrency exchange in early November, the number of so-called Crab, Fish and Shark cryptocurrency addresses has stabilized, data from on-chain crypto analytics firm Glassnode suggests.

Bitcoin has lost almost 20% in less than two weeks, proving that extreme volatility remains a hallmark of crypto investing. Yet in the world of Bitcoin, it’s largely business as usual with bullish conviction intact — in contrast to traditional markets where moves on this scale are met with alarm.