Tag: Bitcoin Market
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Bitcoin Faces Potential Consolidation Amid Hawkish Fed Policies
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The start of 2025 has been turbulent for Bitcoin, with a bearish outlook dominating the market. According to Matrixport’s latest report, global liquidity trends and macroeconomic challenges could lead the cryptocurrency into a consolidation phase. The Federal Reserve’s increasingly hawkish policies appear to be a key factor influencing Bitcoin’s near-term price trajectory. Fed’s Hawkish Stance…
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Could This Token Overtake Ripple as the Top Crypto Performer by 2025?
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As the cryptocurrency market continues to mature, investors are eyeing projects with innovative use cases and substantial growth potential. Ripple (XRP) has long been a prominent player in the space, thanks to its focus on cross-border payments and partnerships with financial institutions. However, Lightchain AI (LCAI), a next-generation blockchain platform, is emerging as a serious contender…
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UK Judge Dismisses £770 Million Bitcoin Hard Drive Case
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IT Engineer James Howells Loses Legal Battle Over Landfill Access James Howells, an IT engineer from Newport, Wales, has lost his 12-year legal fight to recover a hard drive containing more than £770 million worth of Bitcoin from a local landfill. The Circuit Commercial Judge for Wales, Judge Keyser, dismissed the case on 9 January,…
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Bitcoin and Ether Dip Amid Inflation Fears and Market Volatility
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Bitcoin and Ether prices experienced a sharp decline on Wednesday, reversing gains made earlier this week. Bitcoin dropped 5% to $96,527 after briefly surpassing the $100,000 mark, while Ether tumbled 8.5% to $3,353. Other major cryptocurrencies, including Dogecoin and Avalanche, also faced double-digit losses. The Block’s GMCI 30 index, which tracks the top 30 cryptocurrencies,…
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Bitcoin ETFs Surge Back with Over $900M in Inflows for Two Consecutive Days
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Spot Bitcoin ETFs Reverse December Slump United States-based spot Bitcoin exchange-traded funds (ETFs) recorded a significant recovery, raking in nearly $1.9 billion in total net inflows on January 3 and January 6. This marked a sharp turnaround from the low demand observed in the latter half of December. On January 6 alone, Bitcoin ETFs attracted…
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China Tightens Grip on Crypto with New Forex Rules
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China has introduced stringent foreign exchange regulations targeting cryptocurrency transactions, further cementing its hardline stance against digital assets. These measures, effective from December 2024, aim to curb risky financial activities, including underground trading and cross-border crypto dealings. New Rules for “Risky” Transactions The State Administration of Foreign Exchange now mandates all banks in mainland China…
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Bitcoin Faces a Dip Amid Profit-Taking and Economic Concerns
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Bitcoin has experienced a sharp drop, falling to $91,800, a price not seen since early December. The largest cryptocurrency’s decline comes as a result of a combination of profit-taking after a strong rally and growing concerns about the wider macroeconomic environment. With market sentiment souring, the price of Bitcoin is now over 14% below its…
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MicroStrategy Increases Total Holdings by $209M with 2,138 BTC
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MicroStrategy, the world’s largest corporate holder of Bitcoin, has continued its accumulation spree, investing $209 million to acquire an additional 2,138 BTC. As per the announcement, this bitcoin has been purchased at an average price of $97,837. Also, it made between December 23 and December 29, 2024, brings the company’s total holdings to 446,400 BTC, valued at…
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XRP Leads Crypto Decline as Strong Dollar Pressures Markets
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Cryptocurrency markets faced a sharp downturn as the dollar strengthened, causing XRP to lead losses and bitcoin (BTC) to retreat. Here’s a look at the factors contributing to the market’s slide and insights into its potential trajectory. XRP Drops 5%, Leading Crypto Losses XRP fell by over 5% in the past 24 hours, marking the…
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Top Cryptocurrencies to Watch for the 2025 Bull Run
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The 2025 crypto market is shaping up to be a landmark year, with industry experts dubbing it the “Golden Bull Run.” Bolstered by factors like a pro-Bitcoin U.S. administration, Federal Reserve rate cuts, and the entry of major TradFi players like BlackRock and Fidelity, the market is expected to soar. Altcoins, in particular, could outperform…