Bitcoin reached $100,000 for the first time in the first week of December and the last month of the year. It topped $108,000 two weeks later. 139 Bitcoin wallets from 2010–2017 were revived. Bitcoin Hits initially surpassed $100,000 in early December 2024, a significant milestone. Two weeks later, it reached $108,000. This surge coincided with the reactivation of 139 Bitcoin wallets from 2010–2017, raising questions about the market impact of long-dormant coins. Bitcoin Moves from Legacy Wallets BTC closed at $93,501 at 00:00:00 UTC on December 31, 2024. 139 legacy P2PKH addresses from 2010 to 2017 moved coins in December…
Author: Ali Raza
Cryptocurrency prices are under bearish pressure after falling 1.12% in the past day and breaking below $93,000. The Fear and Greed Index has dropped to 48, suggesting that investors are getting increasingly nervous. Bitcoin is having trouble breaking through key resistance levels, even if technical signs suggest potential adverse risks and experts are divided on the possibility of a bullish bounce. Bitcoin Battles Institutional Outflows Bitcoin is bearish around the 4-hour chart’s long-term barrier. As expected, the $92,750 support level increased supply. As expected, the breakdown rally fell to $91,315, or $90,000. Bitcoin fell below its $90,742 goal due to…
After a precipitous decline, Bitcoin made a strong comeback and became a market leader once again. Having itself as a significant asset is also essential. Performing better than conventional financial markets in the year 2024. The historic January debut of Bitcoin ETFs served as a catalyst. It would appear that the incoming US administration is on the side of the cryptocurrency business. A change in monetary policy direction by the Federal Reserve. It’s astounding how Bitcoin has recovered. Bitcoin reaches $100B Bitcoin has become the most successful launch ever since its inception earlier this year. Almost $100 billion in capital…
The recent decline in Bitcoin price has heightened concerns among investors on the future of the flagship cryptocurrency. Plus, the leading altcoins tend to mimic Bitcoin’s price movements, adding gasoline to the fire of conjecture about the future of the entire crypto market. Nevertheless, Matrixport has lately forecasted a possible Bitcoin breakout in the New Year, based on its historical tendencies and other variables, notwithstanding the current slump. Matrixport Sees Bitcoin Rebound Matrixport, a leading cryptocurrency analysis agency, has lately pointed to historical trends as a likely breakout indicator for the Bitcoin price in the new year. The business highlighted…
Crypto price projections abound this year, especially (or so it appeared) in the post-election months of November and December. At the end of 2024, some anticipated that Bitcoin would reach $125,000, while others sounded the alarm about a possible decline. At approximately 2:10 pm ET on Monday, BTC was valued at over $94,300 and ETH at around $3,400 after breaking beyond. At the $108,000 mark on December 17th, Bitcoin’s price fell almost 12%. On that day, Ether was trading above $4,000, but it has since dropped 15%. Fed’s Stance Affects Bitcoin Market As 2025 approaches, 21Shares research strategist Matt Mena…
Bitcoin (BTC) continues to dominate the digital currency market, with a price of 93,571.06 dollars and a daily increase of 1.48%. This rise reflects a recovery that involves the entire sector, supported by the constant interest of investors and by global policies that favor the adoption of cryptocurrencies. Key statistics on the Bitcoin Quotation As demonstrated by some key metrics, Bitcoin (BTC) maintains its leadership position in the global market. Its market capitalization is 1.85 trillion dollars, with an increase of 1.46% in the last 24 hours. This figure represents a significant portion of the entire cryptocurrency market, confirming the centrality of Bitcoin in the digital ecosystem.…
According to a recent Bloomberg report, Bitcoin traded at $93,085 early Monday in London. It’s down about $15,000 from its mid-December high. The leading cryptocurrency faces challenges after riding high on optimism around Trump’s crypto-friendly stance. Meanwhile, other digital currencies, including Ethereum and the meme coin Dogecoin, have failed to maintain their gains. Trump’s promise of a national Bitcoin reserve and lenient regulations created a positive outlook in the digital assets market. Bitcoin’s strong performance was assisted by speculative buying, which was matched by optimism. However, the Fed’s scaled-back projections have cooled investors’ hopes for significant interest rate cuts. Trump’s…
Bitcoin had an unprecedented year, from technological advances and historic milestones to Wall Street adoption and political use in the U.S. elections. The world’s largest crypto’s year in review. Bitcoin ETFs, a decade in the waiting Leading financial managers wanted to provide a Bitcoin ETF to US investors, but the SEC said “no” for a decade.In June 2023, BlackRock, the world’s largest asset management, requested a Bitcoin ETF from the SEC, changing the climate. ETFs give investors asset exposure without buying and holding. For years, gold ETFs have let investors invest in gold without storing bars or coins. For fear…
Recently, Google’s announcement about Willow, its quantum computer, and Bitcoin’s perceived danger has caused a mini-media firestorm. Most of the analysis shows a very superficial understanding of how quantum computing will impact encryption and how bitcoin will survive these advances. We’ll examine quantum computing’s threat to bitcoin. Technicalities are important to scrape the surface and understand the situation. Quantum Computing and Bitcoin’s Future Y2K-style computer upgrades will be needed to update Bitcoin’s protocol in the coming years due to quantum computing. Though costly and time-consuming, it will not threaten Bitcoin’s existence. Not only will Bitcoin be affected, but quantum computers…
As Bitcoin re-entered the $99K level on Christmas Day, the cryptocurrency market experienced a small comeback. Meanwhile, good news came in the form of multiple year-end surveys that showed a dramatic increase in the use of cryptocurrencies worldwide. Interest in Bitcoin has grown since Russia announced it would accept the cryptocurrency in international transfers. Bitcoin Struggles at $90K Resistance Specifically, Bitcoin’s price cycle is struggling to break out of the $90K zone, which is a notable hurdle. As indicated earlier, the cryptocurrency first tested the $99K threshold this week on Christmas day. But it couldn’t keep prices there, so they…