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Why is Bitcoin Price Down Today? AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online Bitcoin is currently down by more than two percent, trading slightly below the $90k mark. It is currently experiencing a period of sideways movement, which, while not exciting, could present opportunities for traders. Although Bitcoin’s price has been relatively stable lately, the bigger question on everyone’s mind is how much lower it might go in the short term, and how we can take advantage of these dips. Why did the sentiment turn red? The recent dip in Bitcoin’s price can likely be attributed to a combination of factors. One major contributor seems to be the continued selling pressure from Bitcoin miners. This selling has weighed heavily on broader market sentiment, particularly as miners offload their holdings in large quantities. Adding to the pressure, a Bitcoin miner from the early “Satoshi era” moved 2,000 BTC that had been untouched since 2010. According to CryptoQuant’s Head of Research, Julio Moreno, these coins had never been moved until now, and some of them have already ended up on exchanges, which could be adding to the selling pressure. Another factor contributing to the price dip is the Crypto Fear and Greed Index, which has recently shifted to a neutral position for the first time since last year. This neutral sentiment may signal uncertainty among traders, further influencing Bitcoin’s price movement. Key Levels to Watch In the short term, Bitcoin’s price is approaching important support at $85,000. If it holds above this level, there’s still potential for another upward movement. However, if Bitcoin drops below $85,000, it could signal a deeper pullback, potentially targeting Fibonacci support areas lower down. A 10-15% pullback wouldn’t necessarily be bearish; it could simply be a cooldown phase for the overheated market. #Bitcoin #bitcoinnews #cryptomarket #CryptoNews
Why is Bitcoin Price Down Today?

AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online

Bitcoin is currently down by more than two percent, trading slightly below the $90k mark. It is currently experiencing a period of sideways movement, which, while not exciting, could present opportunities for traders. Although Bitcoin’s price has been relatively stable lately, the bigger question on everyone’s mind is how much lower it might go in the short term, and how we can take advantage of these dips.

Why did the sentiment turn red?

The recent dip in Bitcoin’s price can likely be attributed to a combination of factors. One major contributor seems to be the continued selling pressure from Bitcoin miners. This selling has weighed heavily on broader market sentiment, particularly as miners offload their holdings in large quantities.

Adding to the pressure, a Bitcoin miner from the early “Satoshi era” moved 2,000 BTC that had been untouched since 2010. According to CryptoQuant’s Head of Research, Julio Moreno, these coins had never been moved until now, and some of them have already ended up on exchanges, which could be adding to the selling pressure.

Another factor contributing to the price dip is the Crypto Fear and Greed Index, which has recently shifted to a neutral position for the first time since last year. This neutral sentiment may signal uncertainty among traders, further influencing Bitcoin’s price movement.

Key Levels to Watch

In the short term, Bitcoin’s price is approaching important support at $85,000. If it holds above this level, there’s still potential for another upward movement. However, if Bitcoin drops below $85,000, it could signal a deeper pullback, potentially targeting Fibonacci support areas lower down. A 10-15% pullback wouldn’t necessarily be bearish; it could simply be a cooldown phase for the overheated market.

#Bitcoin #bitcoinnews #cryptomarket #CryptoNews
Bitcoin At $120K? Trading Firm Links Trump’s Reserve Plan To Bold Prediction AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online Many analysts aren’t surprised by the recent price surge of Bitcoin to $80,000, given Donald Trump’s convincing victory in the recently concluded US national elections. Some market analysts and observers offer even bolder projections, fueled by rumors of a Bitcoin strategic reserve and the possible approval of the Bitcoin Law. Trading firm QCP is one of those analysts taking a bullish stance on the crypto, predicting that the top digital asset will break $120,000 soon. QCP cites the administration of incoming President Donald Trump, the plan to create a strategic BTC reserve, and updated US inflation data as critical drivers for the asset’s price. Favorable Market Conditions Boost Bitcoin PriceBitcoin’s price surge continues this week, hitting another all-time high of $93,120, boosting the global cryptocurrency market cap to over $3 trillion. The rally comes as the US government released its inflation data, with headline and core inflation numbers at 2.60% and 3.30%, respectively, in line with expectations. Also, analysts are confident of a potential 25 basis point rate cut from the December Federal Open Market Committee meeting. Many say that a shift in monetary policy boosts optimism among risk-based assets, including Bitcoin. $100k To $120k For BTC Possible, Says QCPIn the Twitter/X post, QCP Trading predicts that Bitcoin can hit $100k to $120k. The post added that BTC price action benefits from proposals to create a BTC strategic reserve and the government’s potential shift from gold to digital asset. QCP: In view of Bitcoin’s impressive rally since the US election, our view is that $100,000 – $120,000 may not be too far off. #bitcoinnews #Analytics #cryptomarket #CryptoNews
Bitcoin At $120K? Trading Firm Links Trump’s Reserve Plan To Bold Prediction

AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online

Many analysts aren’t surprised by the recent price surge of Bitcoin to $80,000, given Donald Trump’s convincing victory in the recently concluded US national elections.

Some market analysts and observers offer even bolder projections, fueled by rumors of a Bitcoin strategic reserve and the possible approval of the Bitcoin Law.

Trading firm QCP is one of those analysts taking a bullish stance on the crypto, predicting that the top digital asset will break $120,000 soon.

QCP cites the administration of incoming President Donald Trump, the plan to create a strategic BTC reserve, and updated US inflation data as critical drivers for the asset’s price.

Favorable Market Conditions Boost Bitcoin PriceBitcoin’s price surge continues this week, hitting another all-time high of $93,120, boosting the global cryptocurrency market cap to over $3 trillion.

The rally comes as the US government released its inflation data, with headline and core inflation numbers at 2.60% and 3.30%, respectively, in line with expectations.

Also, analysts are confident of a potential 25 basis point rate cut from the December Federal Open Market Committee meeting. Many say that a shift in monetary policy boosts optimism among risk-based assets, including Bitcoin.

$100k To $120k For BTC Possible, Says QCPIn the Twitter/X post, QCP Trading predicts that Bitcoin can hit $100k to $120k. The post added that BTC price action benefits from proposals to create a BTC strategic reserve and the government’s potential shift from gold to digital asset.

QCP: In view of Bitcoin’s impressive rally since the US election, our view is that $100,000 – $120,000 may not be too far off.

#bitcoinnews #Analytics #cryptomarket #CryptoNews
Bitcoin Surpasses Saudi Aramco in Market Cap: Next Target Amazon?Bitcoin Market Cap Surpasses Saudi Aramco: Google and Amazon Next? Bitcoin has once again captured the spotlight with its remarkable bullish rally. Over the past eight days, the cryptocurrency has broken all-time highs seven times, pushing its market cap to $1.809 trillion. This achievement places Bitcoin ahead of Saudi Aramco, the oil giant valued at $1.79 trillion, marking a significant milestone in Bitcoin's journey. Source: Companies Market Cap  At the time of writing, the Bitcoin price is trading at $91,347.99, following an intraday surge of 3.78%. With a market cap of $1.81 trillion and a 24-hour trading volume of $73.65 billion, Bitcoin's rise to the 7th largest asset globally is capturing widespread attention. This surge fuels speculation about whether Bitcoin could one day overtake gold, which holds a market cap of approximately $17 trillion. Amazon and Google: The Next Targets? As Bitcoin continues its climb, the next targets for the cryptocurrency are Alphabet (Google) and Amazon. Alphabet currently has a market cap of $2.1 trillion, and Bitcoin would need to rally 23% from its current value to surpass it. Similarly, Amazon, with a market cap just $0.1 trillion higher than Google, would require a 29% rally for Bitcoin to overtake it. Above these companies are NVIDIA, valued at $3.6 trillion, and gold, the world's most valuable precious metal. To surpass gold, Bitcoin's market cap would need to increase by more than 900%. While this may seem ambitious, Bitcoin's trajectory suggests it could challenge these traditional giants of global finance and commodities. Bitcoin Price Prediction and Future  Bitcoin's recent performance has led to various price predictions for the future. By 2025, experts predict the Bitcoin price could range from $120,000 to $180,000. This forecast is driven by post-halving effects, increased adoption, regulatory clarity, and ongoing institutional interest in BTC as a long-term asset. Looking further ahead to 2030, Bitcoin's value could soar between $300,000 and $500,000, solidifying its role as a global store of value and integrating into the financial system like digital gold. Conclusion  Bitcoin's explosive growth and market cap surpassing Saudi Aramco are testaments to its increasing recognition as a valuable asset. As Bitcoin aims for the likes of Google and Amazon, the cryptocurrency's future looks promising, with significant potential for further growth and adoption in the coming years. Visit: CoinGabbar #Bitcoin #bitcoinnews #cryptonews #coingabbar

Bitcoin Surpasses Saudi Aramco in Market Cap: Next Target Amazon?

Bitcoin Market Cap Surpasses Saudi Aramco: Google and Amazon Next?
Bitcoin has once again captured the spotlight with its remarkable bullish rally. Over the past eight days, the cryptocurrency has broken all-time highs seven times, pushing its market cap to $1.809 trillion. This achievement places Bitcoin ahead of Saudi Aramco, the oil giant valued at $1.79 trillion, marking a significant milestone in Bitcoin's journey.

Source: Companies Market Cap 
At the time of writing, the Bitcoin price is trading at $91,347.99, following an intraday surge of 3.78%. With a market cap of $1.81 trillion and a 24-hour trading volume of $73.65 billion, Bitcoin's rise to the 7th largest asset globally is capturing widespread attention. This surge fuels speculation about whether Bitcoin could one day overtake gold, which holds a market cap of approximately $17 trillion.
Amazon and Google: The Next Targets?
As Bitcoin continues its climb, the next targets for the cryptocurrency are Alphabet (Google) and Amazon. Alphabet currently has a market cap of $2.1 trillion, and Bitcoin would need to rally 23% from its current value to surpass it. Similarly, Amazon, with a market cap just $0.1 trillion higher than Google, would require a 29% rally for Bitcoin to overtake it.
Above these companies are NVIDIA, valued at $3.6 trillion, and gold, the world's most valuable precious metal. To surpass gold, Bitcoin's market cap would need to increase by more than 900%. While this may seem ambitious, Bitcoin's trajectory suggests it could challenge these traditional giants of global finance and commodities.
Bitcoin Price Prediction and Future 
Bitcoin's recent performance has led to various price predictions for the future. By 2025, experts predict the Bitcoin price could range from $120,000 to $180,000. This forecast is driven by post-halving effects, increased adoption, regulatory clarity, and ongoing institutional interest in BTC as a long-term asset. Looking further ahead to 2030, Bitcoin's value could soar between $300,000 and $500,000, solidifying its role as a global store of value and integrating into the financial system like digital gold.
Conclusion 
Bitcoin's explosive growth and market cap surpassing Saudi Aramco are testaments to its increasing recognition as a valuable asset. As Bitcoin aims for the likes of Google and Amazon, the cryptocurrency's future looks promising, with significant potential for further growth and adoption in the coming years.

Visit: CoinGabbar
#Bitcoin #bitcoinnews #cryptonews #coingabbar
User-33839帮美国还国债:
I have to thank the contract investors who are liquidated every day for setting new highs for Bitcoin, including me! If the exchange does not launch Bitcoin contracts, Bitcoin will not rise so fast. The game of passing the parcel, the big fish eat the small fish, and the small fish eat the shrimp! Bitcoin has been kidnapped by capital, we help the United States pay off its national debt
Spot XRP ETF Approval Wouldn't Be Easy as Spot Bitcoin ETFApproval of Spot XRP ETF Seems To Be Challenging On January 10, the Securities and Exchange Commission (SEC) granted approval for all 11 spot Bitcoin Exchange-Traded Funds (ETFs), leading to increased speculation about the potential approval of other cryptocurrency spot ETFs. There is growing anticipation that Ethereum and XRP ETFs might also receive approval in the near future. Recent reports suggest that approval for these cryptocurrency ETFs could materialize by April 2024. However, experts caution that not all cryptocurrency ETFs may necessarily receive regulatory approval. Challenges for XRP ETF Approval Amid Ripple-SEC Legal Battle According to Coingabbar, while approval for a spot Ethereum ETF seems likely, obtaining approval for a spot XRP ETF is considered quite challenging. This difficulty is attributed to the ongoing legal dispute between Ripple and the SEC. The partial victory secured by Ripple in July, where the court ruled that XRP is not a security if not sold to institutional buyers, has implications for the ongoing case. The trial is scheduled for April 23. Ripple’s CEO, Brad Garlinghouse, expresses optimism about the approval of spot XRP ETFs following the SEC’s recent approval of all 11 spot Bitcoin ETFs. Garlinghouse is confident that the SEC will grant approval for spot XRP ETFs in the coming days. Spot Ethereum ETF Approval Expected, Ripple CEO Foresees Next Cryptocurrency ETF Garlinghouse not only holds optimism for XRP but also believes that a spot Ethereum ETF will be the next cryptocurrency ETF to receive approval after #Bitcoin ($BTC). The SEC’s approval of spot Bitcoin ETFs is seen as a crucial regulatory validation for the cryptocurrency market. It instills confidence in investors and paints a promising future for the overall cryptocurrency market. Visit: CoinGabbar #BTCETF #bitcoinnews #cryptocurrency

Spot XRP ETF Approval Wouldn't Be Easy as Spot Bitcoin ETF

Approval of Spot XRP ETF Seems To Be Challenging
On January 10, the Securities and Exchange Commission (SEC) granted approval for all 11 spot Bitcoin Exchange-Traded Funds (ETFs), leading to increased speculation about the potential approval of other cryptocurrency spot ETFs. There is growing anticipation that Ethereum and XRP ETFs might also receive approval in the near future.
Recent reports suggest that approval for these cryptocurrency ETFs could materialize by April 2024. However, experts caution that not all cryptocurrency ETFs may necessarily receive regulatory approval.
Challenges for XRP ETF Approval Amid Ripple-SEC Legal Battle
According to Coingabbar, while approval for a spot Ethereum ETF seems likely, obtaining approval for a spot XRP ETF is considered quite challenging. This difficulty is attributed to the ongoing legal dispute between Ripple and the SEC.
The partial victory secured by Ripple in July, where the court ruled that XRP is not a security if not sold to institutional buyers, has implications for the ongoing case. The trial is scheduled for April 23.
Ripple’s CEO, Brad Garlinghouse, expresses optimism about the approval of spot XRP ETFs following the SEC’s recent approval of all 11 spot Bitcoin ETFs. Garlinghouse is confident that the SEC will grant approval for spot XRP ETFs in the coming days.
Spot Ethereum ETF Approval Expected, Ripple CEO Foresees Next Cryptocurrency ETF
Garlinghouse not only holds optimism for XRP but also believes that a spot Ethereum ETF will be the next cryptocurrency ETF to receive approval after #Bitcoin ($BTC).
The SEC’s approval of spot Bitcoin ETFs is seen as a crucial regulatory validation for the cryptocurrency market. It instills confidence in investors and paints a promising future for the overall cryptocurrency market.
Visit: CoinGabbar

#BTCETF #bitcoinnews #cryptocurrency
Crypto Miners’ Bitcoin Reserves Hit Lowest Level Since May Amidst Increased Selling Pressure Bitcoin miner reserves are at their lowest since May, indicating increased selling pressure amid December's 13% gain. #CryptoQuant data reveals a steady decline in miner reserves, with a reported sale of around 3,000 bitcoins in the past 24 hours, reducing their holdings to about 1,834,447 BTC. Despite Bitcoin's price rising from $30,000 to nearly $43,000, the reduction suggests impactful selling activities affecting market dynamics. MicroStrategy reportedly absorbed a significant portion of the sell-off, with CEO Michael Saylor announcing the acquisition of an additional 14,620 bitcoins. As the Bitcoin community approaches the April block subsidy halving, where rewards reduce to 3.125 BTC per block from 6.25 BTC, analysts anticipate a supply shock potentially driving Bitcoin prices to $160,000. The recent surge in mining difficulty to over 72 trillion suggests global acceleration in mining operations, showcasing the Bitcoin network's robustness and maturity amid market volatility. The next difficulty adjustment on January 5, 2024, will provide insights into Bitcoin mining's evolving dynamics and potential market impact. Source - Hassan Shittu @hassan-shittu Website - Cryptonews #CryptoNews🔒📰🚫 #cryptocurrency #bitcoinnews #BinanceSquareBTC
Crypto Miners’ Bitcoin Reserves Hit Lowest Level Since May Amidst Increased Selling Pressure

Bitcoin miner reserves are at their lowest since May, indicating increased selling pressure amid December's 13% gain. #CryptoQuant data reveals a steady decline in miner reserves, with a reported sale of around 3,000 bitcoins in the past 24 hours, reducing their holdings to about 1,834,447 BTC. Despite Bitcoin's price rising from $30,000 to nearly $43,000, the reduction suggests impactful selling activities affecting market dynamics. MicroStrategy reportedly absorbed a significant portion of the sell-off, with CEO Michael Saylor announcing the acquisition of an additional 14,620 bitcoins. As the Bitcoin community approaches the April block subsidy halving, where rewards reduce to 3.125 BTC per block from 6.25 BTC, analysts anticipate a supply shock potentially driving Bitcoin prices to $160,000. The recent surge in mining difficulty to over 72 trillion suggests global acceleration in mining operations, showcasing the Bitcoin network's robustness and maturity amid market volatility. The next difficulty adjustment on January 5, 2024, will provide insights into Bitcoin mining's evolving dynamics and potential market impact.

Source - Hassan Shittu @hassan-shittu
Website - Cryptonews

#CryptoNews🔒📰🚫 #cryptocurrency #bitcoinnews #BinanceSquareBTC
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🚨 Grayscale transfers 9,434 BTC worth $376 million to Coinbase Prime, once again, 45 minutes ago. Grayscale deposited 103,134 BTC worth $4.23 billlion to Coinbase Prime since the ETF approval, and currently holds 510,682 BTC worth $20.43 billion. So Grayscale is dumping BTC🥹 #grayscale #btc #bitcoin #bitcoinnews #cryptonews
🚨 Grayscale transfers 9,434 BTC worth $376 million to Coinbase Prime, once again, 45 minutes ago.
Grayscale deposited 103,134 BTC worth $4.23 billlion to Coinbase Prime since the ETF approval, and currently holds 510,682 BTC worth $20.43 billion.
So Grayscale is dumping BTC🥹

#grayscale #btc #bitcoin #bitcoinnews #cryptonews
Do you know who owns the most bitcoins? #Satoshi_Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions. It is estimated that Satoshi mined more than 22,000 blocks starting from January 3rd, 2009, and received more than one million bitcoin in cumulative block rewards for the work. So How Many Bitcoin Does Satoshi Have? As a result, Satoshi is estimated to have more than 1.1 million BTC, valued at approximately $47 billion in February 2024. This bitcoin is not stored in one address but spread across roughly 22,000 addresses. None of it was ever spent besides a few test transactions. Satoshi left the project in 2010 and hasn’t been heard from since. Individual Bitcoin Whales: #Tyler_and_Cameron_Winklevoss: Following their 2008 settlement with Mark Zuckerberg for $65 million worth of Facebook shares and cash, the pair started an angel investment company. A few years later they would announce they had bought approximately $11 million worth of bitcoin at an average cost basis of $10 per coin. It’s estimated that the Winklevoss twins own ~70,000 BTC. #Tim_Draper: The VC titan has been interested in Bitcoin for a while; so much so that he made one initial purchase of 40,000 BTC at the Mt Gox exchange. Unfortunately, all 40,000 coins were lost in the hack and subsequent bankruptcy. However, in 2014, Mr. Draper purchased 29,656 BTC for $18.7 million at a cost basis of approximately $632 per coin. #Michael_Saylor: The founder and chairman of Microstrategy revealed in an October 2020 tweet that he personally held 17,732 BTC. It is reasonable to assume that he has since acquired more—being such a public Bitcoin Bull—but this is the only mention of his personal stash. #bitcoinnews #bitcoin #Write2Earn #BTCholders #BTC‬
Do you know who owns the most bitcoins?

#Satoshi_Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions. It is estimated that Satoshi mined more than 22,000 blocks starting from January 3rd, 2009, and received more than one million bitcoin in cumulative block rewards for the work.

So How Many Bitcoin Does Satoshi Have?

As a result, Satoshi is estimated to have more than 1.1 million BTC, valued at approximately $47 billion in February 2024. This bitcoin is not stored in one address but spread across roughly 22,000 addresses. None of it was ever spent besides a few test transactions. Satoshi left the project in 2010 and hasn’t been heard from since.

Individual Bitcoin Whales:

#Tyler_and_Cameron_Winklevoss:

Following their 2008 settlement with Mark Zuckerberg for $65 million worth of Facebook shares and cash, the pair started an angel investment company. A few years later they would announce they had bought approximately $11 million worth of bitcoin at an average cost basis of $10 per coin. It’s estimated that the Winklevoss twins own ~70,000 BTC.

#Tim_Draper: The VC titan has been interested in Bitcoin for a while; so much so that he made one initial purchase of 40,000 BTC at the Mt Gox exchange.

Unfortunately, all 40,000 coins were lost in the hack and subsequent bankruptcy. However, in 2014, Mr. Draper purchased 29,656 BTC for $18.7 million at a cost basis of approximately $632 per coin.

#Michael_Saylor: The founder and chairman of Microstrategy revealed in an October 2020 tweet that he personally held 17,732 BTC. It is reasonable to assume that he has since acquired more—being such a public Bitcoin Bull—but this is the only mention of his personal stash.

#bitcoinnews #bitcoin #Write2Earn #BTCholders #BTC‬
India to block crypto exchanges Binance, Kraken websites 🇮🇳 india to ban 9 crypto exchange URL's. • Binance • Kraken • Huobi • Kucoin • Bittrex • Gate․io • Bitstamp • Bitfinex • MEXC Global Many Indian traders have switched to global cryptocurrency platforms in recent quarters #newscrypto #bitcoinnews
India to block crypto exchanges Binance, Kraken websites
🇮🇳 india to ban 9 crypto exchange URL's.

• Binance
• Kraken
• Huobi
• Kucoin
• Bittrex
• Gate․io
• Bitstamp
• Bitfinex
• MEXC Global

Many Indian traders have switched to global cryptocurrency platforms in recent quarters
#newscrypto #bitcoinnews
🫨 According to Lookonchain, #Grayscale sold $2.14 billion in BTC after ETF approved and currently holds 566,973 $BTC($23.21B) iShares (BlackRock): 33,431 BTC Fidelity: 24,857 BTC Bitwise: 10,152 BTC ARK21: 7,565 BTC Invesco Galaxy: 4,619 BTC VanEck: 2,207 BTC Valkyrie: 1,737 BTC Franklin: 1,160 BTC #btc #bitcoin #bitcoinnews #etf #blackrock #crypto #cryptonews
🫨 According to Lookonchain, #Grayscale sold $2.14 billion in BTC after ETF approved and currently holds 566,973 $BTC($23.21B)

iShares (BlackRock): 33,431 BTC
Fidelity: 24,857 BTC
Bitwise: 10,152 BTC
ARK21: 7,565 BTC
Invesco Galaxy: 4,619 BTC
VanEck: 2,207 BTC
Valkyrie: 1,737 BTC
Franklin: 1,160 BTC

#btc #bitcoin #bitcoinnews #etf #blackrock #crypto #cryptonews
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