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U.S.-based spot bitcoin exchange-traded funds (ETFs) experienced a downturn on Thursday, with a hefty $242.30 million in outflows draining from the 12 funds. Among them, Blackrock felt the brunt of the day’s trading, losing the most. Market Jitters: $242M Drains From U.S. Bitcoin ETFs, Blackrock Feels the Heat Data harvested from Sosovalue reveals that the […] from Bitcoin News https://ift.tt/YwqXHUe via IFTTT

An analyst from H.C. Wainwright & Co., one of America’s most established financial institutions, anticipates an exhilarating year for bitcoin, driven by clearer regulations and enhanced institutional involvement. H.C. Wainwright’s Mike Colonnese Predicts Bitcoin to Hit $225K On Jan. 2, a CNBC report highlighted insights from H.C. Wainwright & Co., a Boston-based investment bank, indicating […] from Bitcoin News https://ift.tt/p8zrP30 via IFTTT

End of the year data reveals a thrilling climb in the total value locked in decentralized finance (defi), which ballooned by 133.8% over the past year. December capped off this exciting trend with a flurry of activity as defi and onchain protocols amassed more than $1.5 billion in total revenue during the previous 30 days, […] from Bitcoin News https://ift.tt/ByeFAz4 via IFTTT

In just 26 days, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve will gather to deliberate on whether to adjust the federal funds rate. As of Jan. 2, 2025, with the next meeting slated for Jan. 29, the market anticipates no movement in the rate. Fed’s Rate Play: Markets Brace for January […] from Bitcoin News https://ift.tt/9c0rLHj via IFTTT

It was an eventful year for bitcoin miners in 2024, with the fourth Bitcoin halving and the cryptocurrency surpassing the $100,000 threshold. Kicking off 2025, three publicly traded mining companies posted double-digit gains, while others also delivered solid performances. Bitcoin Miners Ride High: Top Seven Firms by Market Cap Post Gains Currently, bitcoinminingstock.io lists around […] from Bitcoin News https://ift.tt/Mfkh5cS via IFTTT

On New Year’s Eve, Linda Yaccarino, CEO of X Corp (formerly Twitter), shared an exciting glimpse into what 2025 holds for the company. She introduced “X TV,” a new feature on the horizon, and hinted at the much-anticipated payments system, X Money. CEO of X Corp Hints at Social Media App’s Money Transfer Platform Throughout […] from Bitcoin News https://ift.tt/SVZF8Cj via IFTTT

10x Research and its CEO and Head of Research, Markus Thielen, have recently taken a more cautious stance on bitcoin (BTC), prompting a re-evaluation of market conditions. Has Bitcoin Peaked? Analysts Spot Ominous Signals In a market update published on Dec. 29, 2024, the firm acknowledges the cryptocurrency’s resilience, however, emerging technical patterns suggest the […] from Bitcoin News https://ift.tt/lGCKmqg via IFTTT

Much like the end of 2023, when Bitcoin broke records with its transactional volumes and hashrate, the cryptocurrency rang in New Year’s Eve with a bang. The network’s computational power hit a jaw-dropping peak of 808 exahash per second (EH/s), smashing through previous limits. From 948,000 H/s to 808 Quintillion: Bitcoin’s 16-Year Evolution in Mining […] from Bitcoin News https://ift.tt/1V0eXJR via IFTTT

QCP Capital observes that bitcoin (BTC) has faced erratic price fluctuations, largely attributed to the thin liquidity during the holiday period, which has limited any recent attempts at recovery. The Singapore-based crypto asset trading firm also shared its perspective for 2025, noting that analysts at QCP foresee a “key catalyst may come in January.” With […] from Bitcoin News https://ift.tt/awVphLo via IFTTT

In 2022, the Terra blockchain and UST stablecoin imploded, leaving a trail of devastation that only worsened when FTX collapsed later that year. The crypto asset solana (SOL) took a hard hit, plunging to alarming lows. By January 2023, SOL was scraping the bottom of the barrel in terms of price. Yet, in an unforeseen […] from Bitcoin News https://ift.tt/7upH0iK via IFTTT

The Q4 2024 crypto valuation surge saw the digital asset market cap surpass that of the global inflation-linked bond market. Crypto Market Cap Dwarfs U.S. High-Yield Bond Market The crypto market capitalization surged from $1 trillion to over $3 trillion in the last quarter of 2024, surpassing that of the global inflation-linked bond market, according […] from Bitcoin News https://ift.tt/qf0e2IL via IFTTT

Reports reveal that the Swiss Federal Chancellery has officially added the “Bitcoin Initiative” to its registry, aiming to integrate bitcoin into the Swiss National Bank’s reserves via a constitutional amendment. Swiss Chancellery Registers ‘Bitcoin Initiative’ On Tuesday, Dec. 31, 2024, the Swiss Federal Chancellery confirmed its registration of the “Bitcoin Initiative.” This effort, spearheaded by […] from Bitcoin News https://ift.tt/kSCTrgP via IFTTT