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Over $1.04 billion was liquidated in 24 hours, with long traders losing more than $869.88 million.
Jerome Powell, the soon-to-be-replaced head of the Federal Reserve, announced the last rate cut for 2024. However, the bullish news comes with a special comment from Powell, turning the crypto and global stock markets red. Here’s why.
The crypto market has suffered a $420 million in liquidations with BTC price down in 24 hours.
BlackRock has continued to aggressively accumulate more Bitcoin through its IBIT in the recent past, amid heightened speculation of nation-states adopting a strategic BTC reserve.
Bitcoin reaches a new milestone at $108,000, maintaining momentum above $100,000 as market sentiment remains extremely bullish, fueled by political support and increasing institutional integration.
The US spot Bitcoin ETFs registered a net cash inflow of over $636 million on Monday amid a notable decline in BTC supply on centralized exchanges.
RLUSD has sparked intense early demand with bids far exceeding its peg, while XRP gained 5% as excitement builds around the launch.
Grayscale’s Bitcoin Trust (GBTC) has faced significant outflows of $21 billion, attributed to high management fees and competitive pressure from lower-cost rivals.
As the end of 2024 nears, BTC price trend gains momentum. Crossing new resistances and preparing for a massive breakout run, Bitcoin targets a dominant rally in the six-digit price realm.
Bitcoin surged past $106,000 as speculation over MicroStrategy’s latest Bitcoin purchase fueled bullish sentiment.
The Bitcoin rally breaking the $2T valuations to reach $100K+ levels projects a prolonged bull run in 2025. Based on the halving cycles and the increasing anticipations around new pro-crypto regulations in the US, the predictions for 2025 are incredibly bullish.
Institutional investors are snapping up Bitcoin ETFs, driven by optimism around Bitcoin’s recent price milestones.
“A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state,” said Republican State Representative Giovanni Capriglione.
Ethereum (ETH) surged 7% to $3,930, amid Bitcoin and broader market recovery following a favourable US SPI data release on Wednesday.
The anticipated approval of a strategic Bitcoin reserve in the United States has heightened the demand for BTC among institutional investors led by MicroStrategy.