Author: Maria
The Bitcoin price appears to have finally started recovering strongly in the past few days, breaking through the $100,000 ceiling on Thursday, January 16. The premier cryptocurrency didn’t stay more than a day above this level the last time it surpassed a six-figure valuation. However, the price of Bitcoin has returned to as high as $105,000 this time around, its highest level so far in 2025. Interestingly, it appears that this might only be the beginning of an even bigger rally for the Bitcoin price over the next 12 months. Is 2025 The Peak Year For Bitcoin Price? In its…
The Bitcoin bull season continues to present several twists and turns as expected of a highly volatile market. In line with the heightened hopes of several investors, certain network metrics indicate the price gains are far from over. Currently, the maiden cryptocurrency trades above $104,400 following a significant price surge in the past week. Bitcoin Still Presents Upside Potential – Analyst In a Quicktake post on CryptoQuant, an analyst with username onchained provides an intriguing market analysis based on the Bitcoin Unspent Transaction Outputs (UTXOs) over the past two to five years (2Y-5Y). For context, UTXO refers to the remaining…
The Bitcoin (BTC) Miner reserves have experienced a consistent decline over the last year in a rather concerning development. However, Bitcoin has recorded multiple price rallies during this period even breaking into the $100,000 price zone. CryptoQuant analyst cryptoavails has provided some insight into this divergent trend pinpointing the driving force behind the current bullish market. Bitcoin Miners Offload 37 Million BTC Amid Selling Spree In a Quicktake post on X, cryptoavails shares that Bitcoin miners’ holdings have been decreasing since the second half of 2023, falling from 1.808 million BTC to its current value of 1.808 million BTC. Generally,…
While 2024 was not particularly stellar for Ethereum (ETH) in terms of price action, 2025 might finally bring some much-needed optimism for ETH bulls. Several analysts believe ETH is on the verge of a massive breakout that could see the cryptocurrency establish new all-time highs (ATH). Is It Finally Time For Ethereum? Ethereum, the second-largest cryptocurrency by market capitalization, may finally outshine its peers this year. According to crypto analyst Jelle, ETH has been trading within a long-term bullish pennant for three years and recently tapped into all available downside liquidity. Source: Jelle on X The analyst emphasized that the…
Many crypto investors are worried about Bitcoin’s uncertainty as the cryptocurrency experienced fluctuations in its price wherein traders saw it being traded above $100,000 and then went down below $90,000. However, a renowned crypto analytics platform asserted that the bull market being experienced by Bitcoin is not yet over, saying that it remains intact despite the ups and downs that the digital asset went through in the previous weeks. Bitcoin Remains In Bullish Territory A well-known digital asset analytics platform believes that Bitcoin is still within the bullish zone despite the price correction that the virtual coin experienced. Glassnode explained…
Donald Trump, the President-elect of the United States, is poised to undertake a significant initiative in reforming the nation’s stance on cryptocurrency. Reports suggest that he plans to sign an executive order after assuming office on January 20. The objective is to prioritize digital assets on a nationwide scale. A Shift Toward Innovation This is a drastic shift from the previous administration’s position, which was often described as hesitant or restrictive toward the crypto industry. Trump’s administration has shown interest in digital currencies, which is a sign that they are willing to embrace innovation in financial technologies. This might be…
With President Donald Trump’s inauguration just a few days away, Bitcoin and blockchain supporters are bracing for crypto-friendly policies. Leading the charge is Texas, with Senator Charles Schwertner announcing a bill to launch its first state-level Bitcoin reserve. In a Twitter/X post, Senator Schwertner announced the filing of SB 778, making Texas the first state to create a strategic Bitcoin reserve. According to the Texan legislator, creating a strategic Bitcoin reserve will position the state as a blockchain leader, drive economic growth, and secure everyone’s economic freedom. Texas Wants To Lead The Bitcoin Revolution Texas is the 10th largest economy…
Nasdaq filed a 19b-4 Form on Jan.16 to list and trade the spot Litecoin (LTC) exchange-traded fund (ETF) registered by Canary Capital. Bloomberg senior ETF analyst Eric Balchunas sees this as the first altcoin-related ETF approval in 2025.Following an update in the S-1 Form filed by Canary, Balchunas stated that its Litecoin ETF “has all the boxes checked.” He added: ” don’t see any reason why this would be withdrawn either given SEC gave comments on the S-1, Litecoin is seen as commodity and there’s new SEC sheriff in town.”Earlier on Jan. 16, Bloomberg analyst James Seyffart highlighted that the amendment…
The potential for a Litecoin exchange-traded fund (ETF) to gain approval has surged, leading to noticeable price gains for the digital asset.Crypto bettors on Polymarket, a decentralized prediction platform, now estimate a 51% chance of the US Securities and Exchange Commission (SEC) giving the green light for a Litecoin-focused fund after Canary Capital amended its S-1 registration form.Canary Capital amends S-1 filingOn Jan. 15, Canary Capital updated its S-1 filing with the financial regulator, with market observers pointing out that the move represents a crucial step forward in the push for a Litecoin ETF.The S-1 form—an initial registration document filed with…
2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns. Are Whales Losing Faith In Ethereum? While cryptocurrencies like Bitcoin (BTC), SUI, and Solana (SOL) experienced stellar performances in 2024 – delivering exceptional returns to investors and hitting new all-time highs (ATH) – Ethereum’s journey was comparatively underwhelming. Unlike its peers, which set fresh ATHs in 2024, Ethereum’s ATH of $4,878 remains untouched since November…