Bitcoin Santa Rally Gains Momentum as Buyers Push BTC to $98K
TradingView data revealed that BTC/USD climbed to fresh local highs of $99,400 on Bitstamp. Gaining over 3% within a single day, Bitcoin saw renewed interest from buyers after a rocky start to the week, which included a retest of December’s price lows. One of the more optimistic takes came from popular X account Exitpump, which […]
MicroStrategy Acquires 5.2K Bitcoin at an Average Price of $106K
MicroStrategy, the prominent corporate Bitcoin investor, has continued its strategy of aggressively expanding its cryptocurrency holdings, as per its founder’s commitment to acquiring Bitcoin even at premium prices. Between December 16 and 22, the firm purchased 5,262 BTC, investing approximately $561 million, according to an official announcement made on December 23. This acquisition reflects the […]
IRS Intensifies Focus on Crypto Staking Taxes
The U.S. Internal Revenue Service (IRS) has reinforced its position on taxing cryptocurrency staking rewards, rejecting a legal argument that such rewards should only be taxed when sold or exchanged. A Dec. 23 report from Bloomberg reveals that the IRS dismissed claims from Joshua and Jessica Jarrett in their second lawsuit against the agency. The […]
Bitcoin extends losses as traders see sub-$90K BTC price support test
Bitcoin slid beneath the $94,000 mark on Dec. 23 as the reopening of traditional financial markets provided little support for bulls. BTC Price Watch: Could $85K Be the Next Big Opportunity? Data from TradingView showed BTC/USD slipping 1.2% in daily trading as of this writing. Following a weekend rally to $99,500 that was quickly reversed […]
DekaBank Receives Green Light from BaFin and ECB for Crypto Custody
DekaBank has officially secured a crypto custody license under Germany’s Banking Act (KWG), positioning it alongside Commerzbank as one of the few traditional German banks entering the crypto sphere. However, in classic German fashion, this move is accompanied by a robust regulatory framework to ensure everything operates with precision. While BaFin has issued crypto custody […]
What Does Bitcoin’s Future Look Like in 2025 as Donald Trump Returns to the White House?
2024 marked a transformative year for Bitcoin. The approval of the first Bitcoin spot ETFs in the United States, the cryptocurrency’s record-breaking all-time high, and the occurrence of the fourth Bitcoin halving in April all contributed to its rise. Currently, Bitcoin’s price has surpassed $84,000, reflecting a 142% increase since the start of the year […]
Is the UAE Really Holding $40 Billion in Bitcoin? Fact or Fiction?
The crypto community has been buzzing recently with claims that the United Arab Emirates (UAE) now holds a staggering $40 billion worth of Bitcoin. This rumor, however, has raised skepticism, with prominent crypto analyst Bitcoin Archive questioning the validity of such a claim due to the lack of concrete evidence. So, is this story fact […]
Bitcoin Correction Nearing End as Weekly Realized Losses Surge
Bitcoin’s price chart has now shown three consecutive daily red candles, a pattern not observed since early November. That instance coincided with the lead-up to Donald Trump’s U.S. presidential election victory. Interestingly, the last time this pattern emerged, Bitcoin retested its 50-day exponential moving average (EMA). Following a more than 15% drop from its all-time […]
El Salvador Acquires 11 BTC Shortly After Finalizing IMF Agreement
El Salvador has made a notable Bitcoin purchase, acquiring $1 million worth of the cryptocurrency shortly after securing a $1.4 billion financing deal with the International Monetary Fund (IMF), which includes restrictions on the country’s involvement with Bitcoin. On Dec. 19, the country’s National Bitcoin Office announced via an X post that it had transferred […]
Analysts Predict Major Growth for Ether ETFs in 2025
Ether-focused exchange-traded funds (ETFs) are experiencing a surge in popularity, with experts forecasting a robust performance in 2025 that could outpace Bitcoin ETFs. Data from CoinShares reveals that Ether ETFs have recorded seven consecutive weeks of net inflows as of December 16, including an impressive $2.2 billion inflow during the week of November 26—a record […]