$BTC The price of Bitcoin (BTC) continues to struggle as it experiences a significant decline over the past 24 hours, bringing its value down to 94,010 USD. Amid an extended recession, a number of experts and well-known cryptocurrency analysts are fearing an imminent major crash. Renowned analyst Ali Martinez has shared that some prominent figures in the cryptocurrency field are warning that the price of Bitcoin could potentially drop to 60,000 USD.
$BNB Other cryptocurrencies also fell along with Bitcoin and were headed for weekly losses. Demand for speculative assets remained subdued after the Fed adopted a hawkish stance, raising liquidity concerns. Ether, the world's No. 2 cryptocurrency, was down 1.5% at $3.3379.39, after falling nearly 5% the day before. XRP, the world's No. 3 cryptocurrency, fell 2.8% to $2.2187 and was on track to fall nearly 4% for the week. Solana fell 1.7% and Polygon lost 1%, while Cardano fell more than 8% to $0.8965. Among meme tokens, Dogecoin fell 2.6%.
#Crypto2025Trends Bitcoin is on track for a second straight weekly decline as a rally spurred by Donald Trump’s presidential election win was halted following the Fed meeting. The rally pushed Bitcoin to a record high of $108,244.90 last week, before prices fell on profit-taking amid macroeconomic pressure from the Fed’s interest rate outlook.
$BTC Bitcoin broke through the psychological $100,000 mark for the first time on December 5, but failed to maintain its upward momentum. Prices have been falling below $100,000 since December 19, after hitting a new ATH of $108,353 on December 17. Bitget Research chief analyst Ryan Lee said the downtrend is a common phenomenon during the holiday season when market liquidity is low. He predicted that after Christmas, liquidity will return, pushing Bitcoin above $105,000. The expected trading range for this week is $94,000 to $105,000. Lee also said: “The market is usually more active after the holidays, as funds reposition capital into sectors that benefit from Trump’s inauguration.”
$BTC According to Coinmarketcap data, at 7:55 AM on December 26, 2024 (Vietnam time), the price of Bitcoin was trading at $99,948, an increase of 0.5% in the last 24 hours. The trading volume of the largest cryptocurrency by market capitalization was $34.7 billion. Recently, MicroStrategy announced that it purchased 5,262 Bitcoin for a total of $561 million during a week when Bitcoin prices dropped significantly. Thus, the total holdings of this "whale" have increased to 444,262 Bitcoin, equivalent to $42.2 billion. Executive Chairman Michael Saylor stated that the average price of this transaction was $106,622 per coin. When considering the total Bitcoin reserves they currently hold, the average cost is $62,257 per unit. This information was released on the same day MicroStrategy began trading as a member of the Nasdaq 100 index. The stock price remained relatively unchanged at over $364.2. MicroStrategy was established 35 years ago and has mostly operated in the software sector. Last year, the company's stock rose by 337%, making it one of the strongest in the US among companies with a market capitalization of $5 billion or more. This increase even surpassed that of Nvidia and Meta due to the Bitcoin reserve strategy.
#XmasCryptoMiracles CZ warns against receiving cryptocurrency through direct inheritance of a hardware wallet or private key from someone else. This is an unsafe practice, as the original owner can still access the assets if they still have the hardware wallet or private key. Having both parties share a private key creates a serious security vulnerability, even if the person providing the key is trustworthy. When cryptocurrency is moved or lost, it is difficult to determine exactly who is responsible, whether it is the hacker or the original owner.
#ReboundRally The native token of Binance, BNB, has been moving within a narrow range, showing signs of preparing for a significant price breakout. Despite the parabolic rise, BNB has struggled to overcome the resistance level of 720 USD. Recent price action indicates that a move above this resistance could trigger a recovery towards the 800 dollar level, with the potential to reach a new all-time high. However, if BNB fails to maintain support above 715 dollars, it may see a pullback to the 690 dollar level. The key for BNB traders is whether it can surpass 722 dollars and continue the upward momentum, or if it will face another correction.
$BTC 'MicroStrategy' whale accumulates when Bitcoin drops sharply The company holding the most Bitcoin in the world, MicroStrategy, has purchased 5,262 units to raise its total holdings to over 42 billion USD as prices dropped significantly last week. MicroStrategy announced it bought 5,262 Bitcoin (BTC) for a total amount of 561 million USD last week. Thus, the total holdings of this 'whale' have increased to 444,262 BTC, equivalent to 42.2 billion USD.
$BTC According to Coindesk data, updated at 8:55 AM on December 24 (Vietnam time), the price of Bitcoin is trading at 94,073 USD/BTC, down nearly 0.4% in the past 24 hours. The liquidity of the largest market capitalization cryptocurrency is nearly 112.9 billion USD, an increase of 34% compared to December 22. The ETH coin has a tendency to increase by nearly 3.3%, trading at more than 3,380 USD/ETH. Consequently, a series of other cryptocurrencies also showed signs of recovery in the past 24 hours. BNB and DOGE - other popular cryptocurrencies - are on the rise. At 9 AM, among the 10 cryptocurrencies with the largest market capitalization, as many as 9 cryptocurrencies are trending upwards compared to 24 hours ago. Accordingly, BNB is the coin with the largest increase at more than 6%.
#ChristmasMarketAnalysis The election of President Donald Trump to potentially return to office in January 2025 has generated optimism among cryptocurrency investors. Proposals to establish Bitcoin as a strategic reserve asset in the United States could significantly boost market sentiment. Expectations for such policies could drive a price surge in December.
#ChristmasMarketAnalysis $BTC The prospect of President-elect Donald Trump returning to office in January 2025 has created optimism among cryptocurrency investors. Proposals to establish Bitcoin as a strategic reserve asset in the United States could significantly bolster market sentiment. Expectations for such policies could drive a price rally in December.
$BTC Most other cryptocurrencies traded sideways on Monday, but volatility remained narrow as investors continued to assess the outlook for speculative assets after the Fed's "hawkish" stance shook market sentiment.
Most altcoins have declined for several consecutive sessions, similar to Bitcoin's trend.
Ether, the world's second-largest cryptocurrency, fell to $3,303.66, while XRP, the world's third-largest cryptocurrency, decreased by 1.9% to $2.1896.
On the other hand, Solana rose by 1.9% and Polygon increased by 1.2%, while Cardano gained 0.7%.
#BTCOutlook With the holiday season approaching, some market analysts predict that volatility will continue during Christmas and New Year. “Bitcoin is always volatile, just like water is always wet,” James Toledano, CEO of Unity Wallet, commented. “There is no specific pattern for the price increase or decrease of Bitcoin at the end of the year. Some years the price rises at the beginning of the new year, but there are also years when the price falls. Therefore, history shows that Bitcoin often exhibits unpredictable behavior during this time.”
$BTC $ETH With the holiday season approaching, some market analysts predict that the volatility will continue during Christmas and New Year. “Bitcoin is always volatile, just like water is always wet,” said James Toledano, CEO of Unity Wallet. “There is no specific pattern for the rise or fall of Bitcoin prices at the end of the year. Some years the price rises at the beginning of the new year, but there are also years when the price falls. Therefore, history shows that Bitcoin often exhibits unpredictable behavior during this time.”
#MarketPullback $BTC The Bitcoin crash occurred after the market recorded a strong profit-taking phenomenon from the "whale" investor group.
According to data from the UK-based investment firm Farside Investors, the US Bitcoin ETF funds (a type of fund traded on the stock market, primarily investing in Bitcoin) experienced the largest ever recorded net outflow of 679 million USD. CoinTelegraph assesses this sell-off as "purging".
However, experts believe that this move helps eliminate excessive speculation in the market. Nonetheless, long-term market participants remain concerned that worse may still occur.
$BTC The government of El Salvador has announced that it will continue to buy Bitcoin at a faster pace. Photo: The Cryptonomist.
According to Reuters, the government of El Salvador has stated that it will continue to buy Bitcoin at a faster pace, despite recently reaching a funding agreement with the International Monetary Fund (IMF) to limit exposure to digital currencies.
Specifically, Stacy Herbert, director of the national Bitcoin office of El Salvador, wrote on X that this digital currency will remain legal tender in the Central American country and the government will continue to add to its strategic reserves.
Previously, El Salvador signed a $1.4 billion agreement with the IMF, in which President Nayib Bukele's government agreed to scale back its Bitcoin policy.
The agreement specifies that tax payments will only be made in other official currencies such as USD.
In addition, private businesses in El Salvador will only accept Bitcoin on a voluntary basis, rather than being mandatory as before.
The South American country has begun to reap the rewards of its decision to invest in Bitcoin since 2021. Facing criticism for legalizing the digital currency, President Nayib Bukele is bringing hundreds of millions of USD in profits to the country.
According to data from Dropstab, El Salvador holds 5,968 BTC. At the latest market price, this total digital currency is equivalent to 594 million USD.
Currently, the price of Bitcoin has adjusted for 2 consecutive days with a total decrease of up to 10% as investors reduce portfolio weight to hedge against risks.
#BTCNextMove Bitcoin, the most valuable cryptocurrency in the world, has sharply declined from its all-time high of 108,000 USD.
In the last 24 hours, the most valuable cryptocurrency in the world has dropped by 5%, causing a sell-off pressure across the cryptocurrency market. Data from the blockchain shows that this is the most significant price drop of Bitcoin in the past 3 months.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, also fell by 6% in an hour. From a price of 3,900 USD, it has dropped to the range of 3,700 USD. The decline continues as the price per token is now around 3,600 USD.
Smaller market capitalization cryptocurrency projects have even seen sharper declines, with XRP, ADA, LTC... all falling nearly 10%.
Just a few days ago, when the price of Bitcoin continuously set all-time highs, many were optimistic that this cryptocurrency would soon exceed the threshold of 110,000 USD per token before Christmas. However, after a two-day session, the Fed (Federal Reserve of the United States) announced a further cut in the reference interest rate by 25 basis points, equivalent to 0.25%, bringing the interest rate to a range of 4.25 - 4.5%.
The group of stocks related to cryptocurrencies immediately lost value after Mr. Jerome Powell, the Chairman of the Fed, stated that the agency is not allowed to own Bitcoin.
Với những đồn đoán ngày càng gia tăng rằng Tổng thống đắc cử Donald Trump có thể ký lệnh hành pháp công nhận Bitcoin (BTC) làm tài sản dự trữ vào ngày đầu tiên nhậm chức, hoặc thông qua luật để thiết lập dự trữ Bitcoin trong nhiệm kỳ của ông, đang làm dấy lên câu hỏi liệu động thái này có dẫn đến một siêu chu kỳ tiền điện tử hay không.
Kể từ khi Thượng nghị sĩ Cynthia Lummis giới thiệu Đạo luật Dự trữ Bitcoin vào đầu năm nay, các bang như Texas và Pennsylvania cũng đã trình các đề xuất tương tự. Nga, Thái Lan và Đức được cho là đang cân nhắc các dự thảo luật của riêng họ, gia tăng áp lực trong cuộc chạy đua.
Nếu các chính phủ trên thế giới đang cạnh tranh để đảm bảo nguồn dự trữ Bitcoin của mình, liệu chúng ta có thể nói lời chia tay với chu kỳ bốn năm bùng nổ và suy thoái trong tiền điện tử, mà nhiều người cho rằng liên quan đến sự kiện halving của Bitcoin?
Iliya Kalchev, chuyên gia phân tích của công ty cho vay tiền điện tử Nexo, nhận định rằng “Đạo luật Dự trữ Bitcoin có thể là một dấu mốc quan trọng, đánh dấu sự công nhận Bitcoin như một công cụ tài chính hợp pháp toàn cầu”.