Bitcoin Price Is Not Moving Higher: Do Not Be Afraid of Pause in BTC
On Thursday, December 10th, BTC is correcting, trading at 18,478 USD. This is a pause to put your nerves “in order” – you will definitely need them later.
Everything you need for the flagship crypto: from price movements and halving cycles to institutional adoption, on‑chain metrics and market strategy around Bitcoin. Follow how Bitcoin’s narrative evolves, why it matters to global finance, and what shifts could impact its future role as digital gold.
On Thursday, December 10th, BTC is correcting, trading at 18,478 USD. This is a pause to put your nerves “in order” – you will definitely need them later.
BitPay has submitted the complete paperwork work to the US OCC to establish a federally-regulated bank in Georgia.
According to MicroStrategy, they expect the net proceeds from the sale to total $537.2 million. If the initial purchasers fully exercise their option to buy additional notes, this amount may be even higher, $634.9 million.
The penetration of Bitcoin in mainstream finance and the rising demand from institutions pushed Fidelity to come with offers of Bitcoin-backed cash loans. BlockFi will handle all the loan disbursement process while Fidelity Digital Assets will hold BTC as collateral in its custody.
The next wave of mainstream users is coming, and the simplicity, integration, and convenience of one-stop-crypto-shops like CoinZoom are likely to be the most appealing platforms for new entrants, with everything they need under the same roof.
The newly enhanced multi-account wallet AAX has provided its users supports all of the newly added fiat currencies as well as the USDT stablecoin.
With Bitcoin current pullback, experienced traders are said to be taking advantage and accumulating in accordance with the price movements.
The downgrade of the MicroStrategy stock from Neutral to Sell has its toll on investor’s sentiment and it is reflected in the current MSTR stock price.
Mike Novogratz believes that the world would transform from the era of bank accounts to crypto wallets. With the increasing use of digital assets, financial institutions would be forced to integrate cryptocurrencies.
Some of the firms included in the deal with Standard Chartered are UK-based financial technology company LMAX, crypto exchange ErisX, Switzerland-based custody provider METACO and UK-based trading technology provider Cobalt.
As Bitcoin price stalls, it is obvious that emotions will be the most decisive factor in the coming weeks as investors are controlled by the fear of losing out of a potentially promising position.
CoinGecko was reported to have approximately 20.6 million monthly desktop and mobile visitors while CoinMarketCap reported a figure of 29 million.
MicroStrategy is significantly outpacing some crypto-based hedge funds with its Bitcoin (BTC) portfolio since it unveiled its plans to pump its excess liquidity into several assets with a primary focus on Bitcoin.
Circle CEO Jeremy Allaire said that the creation of a central bank digital currency (CBDC) would not crowd out stablecoin.
The G7 officials discussed the need to regulate crypto assets and prevent its use for any malicious or illicit activities. There’s strong support across the top economies to regulate digital assets.