Bitcoin Steady Amid $14B Options Expiry, Eyes $110K Target
Bitcoin’s price has held steady even in the face of a massive options expiry, which some feared could trigger a drop below the critical $85,000 threshold. On December 27, over $14.2 billion worth of Bitcoin options expired at 8:00 am UTC. The “max pain” level for this expiry, where most contracts would lose their value, […]
Tether grapples with new FUD as MiCA regulations take effect on Dec. 30
The European Union’s Markets in Crypto-Assets Regulation (MiCA), set to take effect on December 30, introduces strict compliance standards for stablecoins. This regulatory shift has sparked questions about the future of Tether’s USDT in the European market. The new rules place significant operational demands on stablecoin issuers, leaving USDT’s compliance status unclear. Amid this ambiguity, […]
Bitwise Predicts Bitcoin Reaching $200K and Ethereum $7K by 2025
Bitwise, America’s leading crypto index fund manager, has forecasted a bright future for digital assets in 2025. According to their predictions, Bitcoin could surge to $200,000, while Ethereum and Solana are expected to hit $7,000 and $750, respectively. New Peaks Expected for Cryptocurrencies in 2025 Ryan Rasmussen, Bitwise’s research head, recently shared the firm’s optimistic […]
Central Banks And Sovereign Funds Grow Crypto Reserves
In recent months, the valuation of digital currencies has soared, marking a significant shift in global capital markets. The outcome of the U.S. elections has further propelled this growth, with President-elect Donald Trump signaling support for cryptocurrencies and advocating for a relaxed regulatory approach. Bitcoin (BTC), the world’s leading cryptocurrency, experienced an impressive 150% rise […]
Binance Bitcoin Reserves Return to January Levels
Bitcoin reserves on Binance, the world’s largest cryptocurrency exchange by volume, have fallen to levels not seen since January 2024. Notably, this occurred just two months before Bitcoin’s value soared by 90% in March of the same year. If Bitcoin mirrors this pattern again, starting from its current price of $98,680, it could potentially climb […]
Turkey Enacts Tougher AML Rules for Cryptocurrency
Turkey has unveiled a set of enhanced regulations governing cryptocurrency activities, reflecting a global trend toward tighter oversight of digital assets. Announced in late December 2024, these measures draw inspiration from regulatory frameworks in major economies, particularly Europe. The updated rules mandate that individuals conducting cryptocurrency transactions exceeding 15,000 Turkish lira (approximately $425) must provide […]
Russia Allowed to Utilize Bitcoin in International Trade, Finance Minister Confirms
Russia has been making strides in adopting digital financial assets (DFAs) for international trade, adhering to the country’s legal framework, according to a high-ranking official. Anton Siluanov, Russia’s Finance Minister, shared insights on alternatives to the US dollar in global trade during an interview on the state-run news channel Russia-24 on December 25. Siluanov highlighted […]
Bitcoin Bulls Return: BTC Derivatives Signal Potential Rally to $105K
Bitcoin has seen a 6.5% increase since hitting a low of $92,458 on Dec. 23, though it struggled to break past the $98,000 resistance. This recovery follows a sharp 14.5% correction from its all-time high of $108,275 on Dec. 17, showing renewed trader confidence. Derivatives data indicates a neutral-to-bullish outlook, suggesting that recent volatility hasn’t […]
MicroStrategy Calls Special Shareholder Meeting to Advance 21/21 Bitcoin Plan
MicroStrategy, a prominent corporate investor in Bitcoin, has scheduled a Special Shareholder Meeting to discuss key proposals aimed at advancing its 21/21 Bitcoin Plan and enhancing its capital-raising initiatives. In a letter from the company’s Executive Chairman, MicroStrategy outlined three important agenda items to be voted on during the upcoming virtual meeting. Key Proposals from […]
Russia Imposes 6-Year Crypto Mining Ban Across 10 Regions
The Russian government has approved a list of areas where cryptocurrency mining will be prohibited starting in 2025, with a ban set to last until 2031. This decision, reported by the news agency TASS on December 24, will affect 10 regions, restricting mining activities for a period of six years. These regions include Dagestan, Ingushetia, […]