Tag: Bitcoin
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Bitcoin Price Slumps to Multiweek Lows as Liquidations Surge Past $530M
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Bitcoin endured heavy losses on Friday, slipping to its lowest level since early July and triggering more than half a billion dollars in crypto liquidations. Despite hopes pinned on a bullish relative strength index (RSI) divergence, the market failed to hold key support levels, leaving traders on edge as the price risks deeper downside moves.…
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$1 Billion Bitcoin Accumulated in 24 Hours Despite Profit Slump
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Bitcoin’s market is facing a test of resilience as profits fall to a two-month low, yet investors continue to buy in large volumes. On-chain data reveals that nearly $1 billion worth of Bitcoin was accumulated in just 24 hours, suggesting strong confidence in the long-term outlook despite ongoing volatility. Profits Slide to a Two-Month Low…
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Whale Signals Suggest a Fresh Breakout for Bitcoin
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Bitcoin has been trailing behind Ethereum and other major altcoins in recent weeks, but a new set of technical and on-chain indicators is hinting that the leading cryptocurrency may be preparing for its next major move. Despite being around 7% below its all-time high, data suggests that a bullish breakout is forming, driven by easing…
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China’s Stablecoin Ambitions Challenge Dollar Dominance but Trust Remains Key
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China is reportedly considering the launch of a yuan-backed stablecoin, potentially marking a new stage in the global financial system. The move would represent a sharp shift for Beijing, which has previously cracked down on cryptocurrencies while promoting its central bank digital currency, the digital yuan. According to initial reports, the rollout could begin in…
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UK Imposes Sanctions on Kyrgyz Banks and $9.3B Crypto Network Linked to Russia
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The United Kingdom has announced a fresh wave of sanctions targeting Kyrgyz banks, crypto exchanges and individuals accused of helping Russia evade Western restrictions through a ruble-backed stablecoin operation worth $9.3 billion. Crackdown on Ruble-Backed Stablecoin According to the UK government, the network centred around the A7A5 token was designed to replicate the Russian ruble…
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Who Really Controls Bitcoin’s Price in 2025?
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Bitcoin has always been celebrated as decentralised money, free from the influence of governments and central banks. Yet, in 2025, its price movements reveal a more complex reality. Large holders, core developers and global regulators all exert influence, while wider economic conditions and investor sentiment shape the market’s heartbeat. Whales and Their Outsized Impact If…
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EminiFX Founder Ordered to Repay $228 Million in Ponzi Scheme Ruling
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Judge Rules Against Crypto Platform and Its Founder A federal judge in New York has ordered Eddy Alexandre, founder of the collapsed crypto platform EminiFX, to repay more than $228 million after ruling the company operated as a Ponzi scheme that defrauded tens of thousands of investors. US District Judge Valerie Caproni, ruling in favour…
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Bitcoin Faces Mounting Sell Pressure as Bulls Seek to Defend Key $105K Support
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Bitcoin markets entered turbulent territory this week as the world’s leading cryptocurrency faced steep selling pressure, triggering widespread liquidations and driving the price to its lowest levels in nearly two weeks. With institutional demand showing signs of divergence and retail traders under strain, Bitcoin’s path forward is increasingly uncertain. Bitcoin slips below $114K as US…
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Bitcoin Rally Stumbles as Inflation Data Triggers Market Sell-Off
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Bitcoin’s remarkable surge to fresh record highs ended abruptly on Thursday, sending ripples through the crypto market. The world’s largest digital asset had surged past $124,000 for the first time earlier this week, igniting optimism among traders. However, the bullish momentum was halted following the release of unexpectedly high US wholesale inflation figures, which dented…
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US Debt Hits Record $37 Trillion as Analysts Eye $132,000 Bitcoin in 2025
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The United States’ federal debt has soared to an unprecedented $37 trillion, fuelling speculation that swelling deficits and potential money supply expansion could pave the way for Bitcoin to reach $132,000 before the end of 2025. Representative Thomas Massie highlighted the milestone in a post on X, attributing the surge to the recently enacted One…