December US Jobs Data Sparks Immediate $2K Bitcoin Price Drop
Bitcoin has shown significant sensitivity to updates from the U.S. political and economic landscape, evidenced by a sharp $2,000 drop within just 30 minutes. This sudden movement followed the release of the latest U.S. jobs report for December, which revealed a striking gap between the actual number of jobs added and the more conservative predictions. […]
Polymarket Users Wager Biden is More Likely to Pardon SBF Than Ross Ulbricht
As President Joe Biden’s tenure nears its end on January 20, there remains the possibility for him to grant pardons or commute sentences for individuals convicted of federal offenses. Some cryptocurrency enthusiasts are now placing bets on whether Biden will intervene in the cases of former FTX CEO Sam “SBF” Bankman-Fried and Silk Road founder […]
Circle Donates 1M USDC to Trump’s Inauguration Fund
Stablecoin issuer Circle has contributed 1 million USD Coin (USDC) to President-elect Donald Trump’s Inauguration Committee, Circle’s CEO Jeremy Allaire revealed on January 9. This donation marks a significant step in the growing legitimacy of stablecoins within the broader financial landscape, according to Allaire. The acceptance of the contribution highlights how the stablecoin sector is […]
US Set to Offload $6.5B in Bitcoin- Is a BTC Price Crash Looming?
The United States Department of Justice (DOJ) is preparing to sell Bitcoin worth $6.5 billion, seized during the Silk Road investigation. This follows a December 30 court decision, marking the conclusion of a lengthy legal process over the ownership of these Bitcoin holdings. Could More Bitcoin Sales Be Coming? As of January 9, 2025, government […]
US Fed’s Monetary Easing May Trigger Bitcoin Surge in Early 2025
Bitcoin may see significant price gains in the first quarter of 2025, thanks to over $612 billion in anticipated liquidity entering the market. This influx could offset concerns about delayed cryptocurrency regulations in the United States. In the last 24 hours leading up to 8:00 a.m. UTC on January 8, Bitcoin dropped nearly 6%, falling […]
Pyth Teams Up with Revolut for Instant Digital Asset Insights
Pyth Network, a leading provider of decentralized data infrastructure, has partnered with fintech giant Revolut to bridge the gap between digital banking and decentralized finance (DeFi). Through this collaboration, Revolut will share its proprietary digital asset pricing data with the Pyth Price Feeds. This integration allows DeFi developers to leverage Revolut’s data for asset pricing […]
Bitcoin Drops to $92.5K Amid Fed Interest Rate Worries
The recent dip in Bitcoin’s price is being attributed to mounting apprehensions about the United States Federal Reserve’s monetary policies, which are poised to play a pivotal role in shaping Bitcoin’s trajectory throughout 2025, according to market experts interviewed. Federal Reserve Signals Weigh on Bitcoin On January 7, Bitcoin briefly crossed the significant $100,000 threshold […]
Ripple Collaborates with Chainlink to Strengthen RLUSD Stablecoin Presence in DeFi Ecosystem
Ripple has teamed up with Chainlink, a decentralized oracle network, to boost the adoption and functionality of its Ripple USD (RLUSD) stablecoin within decentralized finance (DeFi) platforms. This collaboration, revealed on January 7, will deliver reliable price feeds for RLUSD on both Ethereum and the XRP Ledger, supporting efficient transactions and various DeFi applications for […]
Bitcoin Falls 4% on US JOLTS Data as Trader Predicts $92K Dip
On January 7, Bitcoin faced a 4% decline, with market dynamics drawing attention to significant traders influencing price movements. Liquidity Games and Market Shifts BTC/USD fell below the $98,000 mark, as shown by data from TradingView. The drop coincided with the release of the US Job Openings and Labor Turnover Survey (JOLTS), which highlighted an […]
MicroStrategy Starts 2025 with Announcement of 1,070 Bitcoin Acquisition
MicroStrategy, the largest corporate Bitcoin holder, kicked off the new year by acquiring an additional 1,070 BTC during the final two days of 2024. On January 6, the company disclosed that it had spent approximately $101 million in cash on December 30 and 31, 2024, to complete the purchase. According to a filing with the […]