Here's the latest Bitcoin news: Bitcoin's price slightly recovered to trade around $94,700 after declining nearly 6% earlier this week ¹. Analysts believe it may enter a long-term high-volatility market, with some predicting a rally until President-elect Donald Trump's inauguration on January 20 ¹.$BTC
The release of the U.S. December non-farm payrolls data is expected to significantly impact the crypto market, particularly Bitcoin. Forecasts predict a slowdown in job growth, with 153K new jobs, down from November's figures. This report will influence market sentiment, potentially fueling a Bitcoin rally if the data misses expectations, or pressuring Bitcoin if the payroll data exceeds expectations ¹.#NFPCryptoImpact
On-chain lending refers to the practice of lending and borrowing cryptocurrencies and other digital assets directly on a blockchain network. This approach eliminates the need for intermediaries, such as banks and other financial institutions.#OnChainLendingSurge
- *Bitcoin (BTC) Price*: Bitcoin's price has dropped 4.47% in the last 24 hours, currently trading at $97,488.00 ¹. - *Ethereum (ETH) Price*: Ethereum's price has decreased by 6.32% in the last 24 hours, currently trading at $3,464.30 ¹. - *Sui (SUI) Price*: Sui's price has increased by 0.23% in the$BNB
The crypto market is experiencing a significant downturn today, with a 7.9% drop in the last 24 hours ¹. This decline has affected almost all major cryptocurrencies, including Bitcoin, Ethereum, and XRP.
Several factors are contributing to this market correction, including:
- *US Market Downturn*: The US market, particularly the S&P 500 index, experienced a significant drop, which has had a ripple effect on the crypto market ¹. - *Strengthening US Dollar*: The US dollar has strengthened against major currencies, making cryptocurrencies more expensive for investors holding other currencies ¹. - *Hawkish Fed Fears*: The market is reacting to concerns about the US Federal Reserve's potential hawkish stance, which could lead to higher interest rates and reduced liquidity#CryptoMarketDip
Binance has launched its third Megadrop event, featuring Solv Protocol (SOLV), a Bitcoin staking protocol that integrates Bitcoin into decentralized finance (DeFi) ecosystems. This event allows users to earn SOLV tokens by staking BNB or completing Web3 quests ¹.
*Event Details:*
- _Event Period:_ January 7, 2025, 00:00 UTC to January 16, 2025, 23:59 UTC - _How to Participate:_ Stake BNB in Binance's BNB Locked Products or complete designated Web3 tasks, such as staking a minimum of 0.0001 BTCB on Solv Protocol - _Reward Calculation:_ Total score is determined by the amount of BNB locked and completion of Web3 quests. A higher score increases potential SOLV token rewards
*SOLV Token Listing:*
- _Listing Date:_ January 17, 2025, at 10:00 UTC - _Trading Pairs:_ SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY
- *Bitcoin Price Surge*: Bitcoin has crossed the $102,000 mark with a 4.05% increase in 24 hours, indicating a strong upward momentum ¹. - *BNB Breaks $730*: Binance Coin (BNB) has surpassed $730 with a 3.27% increase in 24 hours, showing significant growth ¹. - *X Money Integration*: Elon Musk's X platform is rumored to integrate Bitcoin and stablecoins, potentially disrupting traditional payment systems and driving crypto adoption ². - *Regulatory Changes*: The SEC's approach to cryptocurrency regulation might change with the new administration, potentially leading to clearer rules and compliance pathways ¹. - *Binance Discontinues Nigerian Naira Services*: Binance announced the discontinuation of all Nigerian Naira (NGN) services, effective from March 5, 2024 ³. - *Suspension of TROY (BSC) Deposits*: Binance suspended TROY (BSC) deposits on January 3, 2025, due to technical issues ⁴. - *New Trading Pairs Added*: Binance P2P added support for new trading pairs in selected fiat zones across Africa ⁴.
- *Bitcoin Price Surge*: 64% of Bitcoin futures traders on Binance are taking bullish positions, betting on a price increase. This reflects growing optimism among market participants as Bitcoin consolidates near the $95,000 level ¹. - *Market Sentiment*: The Fear and Greed Index has decreased to 72, indicating continued greed in the market. This suggests that investors are still optimistic about Bitcoin's price ¹. - *Bitcoin's Role in Corporate Balance Sheets*: Eric Semler, Chairman of Semler Scientific, predicts that Bitcoin will soon become a significant component of corporate balance sheets. This could lead to increased adoption and demand for Bitcoin ¹. - *Regulatory Environment*: The U.S. Treasury Department and the IRS have finalized regulations for crypto tax brokers, which may impact Bitcoin trading on Binance. However, former President Trump could potentially repeal these$BTC
Bitcoin's current price is around $101,958.88, with a 4.36% increase in the last 24 hours ¹. The market capitalization is approximately $2.01 trillion, with a circulating supply of 19.8 million BTC ².
There's been a significant surge in Bitcoin's price, with a 140% increase in 2024, reaching an all-time high of $108,268.45 on December 17, 2024 ³. This rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Some experts predict that Bitcoin's price may reach $294,000 in 2025, based on historical observations of previous halving events ². However, it's essential to keep in mind that the cryptocurrency market can be highly volatile, and prices may fluctuate rapidly.#BitcoinHashRateSurge
- *BNB Price Update*: BNB ka current price $720.32 hai, jo ki last 24 hours mein 0.72% increase hai ¹. - *Bitcoin Price Update*: Bitcoin ka current price $98,021.96 hai, jo ki last 24 hours mein 1.75% decrease hai ². - *Binance Exchange Update*: Binance exchange par ab 247,505,005 users hain, aur yeh cryptocurrency market mein sabse bada exchange hai ³. - *Binance Earn*: Binance ne apna Binance Earn program launch kiya hai, jismein users apne cryptocurrencies ko stake karke rewards kama sakte hain. - *Binance Smart Chain*: Binance Smart Chain par ab kai new projects launch ho rahe hain, jo ki decentralized finance (DeFi) aur non-fungible tokens (NFTs) ke liye banaye gaye hain. #BNBAnalysis #BTCNextMove
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- *Binance Introduces Babylon BTC Staking*: Binance has launched On-chain Yields, a feature that integrates on-chain protocols into its ecosystem. The first supported protocol is Babylon BTC Staking, allowing users to stake their Bitcoin (BTC) and earn rewards ¹. - *Binance Market Update*: The global cryptocurrency market cap has reached $3.57T, with Bitcoin (BTC) trading at $102,792, up by 6.14% ¹. - *Binance Leads Crypto Industry*: Binance has achieved 40% higher inflows than its top 10 competitors combined, solidifying its position as a leader in the crypto industry ¹.
These updates showcase Binance's ongoing efforts to innovate and expand its services, as well as its significant influence in the cryptocurrency market. #2024WithBinance
Bitcoin has reached a milestone, surpassing $100,000. However, it experienced a 7% correction earlier in the week, dropping to $90,791 on Tuesday before recovering to $97,000 by Friday ¹.
The current price of Bitcoin is $101,545, with a 24-hour trading volume of $158,237,049,350 ². The market capitalization is $2,004,221,875,529 ².
In terms of price prediction, some experts forecast that Bitcoin could potentially rally toward $146,000 ¹. However, it's essential to keep in mind that the cryptocurrency market can be highly volatile. #BTCBreaking100KAgain?
Binance Introduces Babylon BTC Staking*: Binance has launched a new product called On-chain Yields, which allows users to participate in on-chain protocols and earn rewards. The first offering under this initiative is Babylon BTC Staking, enabling users to stake their Bitcoin (BTC) and earn rewards through the Babylon Protocol ¹.
- *Binance Leads Crypto Industry with 40% Higher Inflows*: Binance has surpassed its competitors with 40% higher inflows than the top 10 competitors combined ¹.
- *Market Update*: The global cryptocurrency market cap has increased by 3.20% over the last day, with Bitcoin (BTC) trading at $102,792, up by 6.14% ¹.#BURNGMT