BTCUSD (Bitcoin) Bullish Fluctuations as Market Consolidates BTCUSD buyers are focusing on a recovery amid weak momentum. Bitcoin is currently trading near the critical $92,720 level, with bullish strength appearing subdued. While the market remains in a consolidation phase, buyers are gradually rebuilding momentum, creating the potential for a breakout as the new year begins. […]
The Bitcoin mining sector now sources 56.76% of its energy from renewable or clean energy solutions, as reported by Woocharts. This represents a consistent rise in eco-friendly energy use since April 2021, reflecting the industry’s efforts to minimize environmental harm. Woocharts’ figures, aligned with the sustainability standards set by the Cambridge Center for Alternative Finance, […]
Following an interest rate drop on Wednesday, Federal Reserve Chair Jerome Powell forcefully reaffirmed the central bank’s stance on Bitcoin at a press conference. Powell clarified that legal constraints preclude the U.S. government from establishing a Bitcoin reserve when questioned about the prospect of doing so. He clarified:“We are not permitted to possess Bitcoin. We […]
Galaxy Digital’s latest crypto predictions suggest a remarkable year ahead for digital assets in 2025, with Bitcoin potentially reaching $185,000 and the stablecoin market cap doubling to $400 billion. The report, released on December 31, 2024, brings together insights from Galaxy’s top research analysts. Bitcoin’s Trajectory and Institutional Adoption According to Galaxy’s Head of Research […]
Bitcoin (BTCUSD) Buyers Fight To Extend Bullish Strength Bitcoin is currently facing resistance as the price drops back to the $94,000 significant level. After a rapid ascent, Bitcoin’s bullish momentum has stalled, leading to a retreat toward this key level. Bitcoin Key Levels Resistance Levels: $94,000, $100,000Support Levels: $90,000, $85,000The bullish trajectory that Bitcoin began […]
Bitcoin experienced a setback after the holidays, briefly dipping below $95.2k on Thursday. The 4% decline over the past day has nearly erased its monthly gains following multiple corrections since mid-December. However, this recent dip might present a buying opportunity for investors, as market data hints at potential upward momentum. Bitcoin Reserves on Binance Decline […]
BTCUSD (Bitcoin) Continues Sideways Trading BTCUSD remains locked in a sideways movement as market uncertainty prevails. After reaching a high of $107,000, the market has pulled back toward the $98,000 support level. Traders are closely monitoring price reactions in the coming days to anticipate the next directional move. Bitcoin Key Levels Resistance Levels: $107,000, $115,000 […]
The cryptocurrency market faced significant headwinds this week, with digital asset investment products experiencing substantial crypto outflows totaling $1.2 billion over three consecutive trading days. This marks one of the most notable withdrawal periods in recent months, primarily triggered by the Federal Reserve’s hawkish stance during its latest FOMC meeting. Understanding Recent Crypto Outflows Bitcoin […]
Strike CEO, Jack Mallers recently unveiled a groundbreaking plan by President-elect Donald Trump to establish a U.S. strategic bitcoin reserve through an executive order on his first day in office. This announcement has sparked significant debate about the potential integration of digital assets into national policy. Strike and Timcast Unveil Key Insights During an appearance […]
