Bitcoin Falls to $100.3K Amid Fed Rate Cut and Powell’s Updated 2025 Inflation Forecast
The cryptocurrency market experienced a significant downturn following the Federal Reserve’s announcement of a 25 basis point reduction to its benchmark interest rate. The Fed also signaled a more restrained approach to rate cuts in 2025 than previously anticipated, prompting a mixed reaction from investors. After Fed Chair Jerome Powell’s remarks during the post-announcement press […]
New Poll Reveals 1 in 5 US Voters Engaged with Cryptocurrency
A recent poll conducted by Emerson College revealed that nearly 1 in 5 American voters, or 19%, have either invested in, traded, or used cryptocurrency. The survey, carried out between Dec. 11 and Dec. 13, gathered responses from 1,000 registered voters, with the results published on Dec. 17. Among those who engaged with crypto, nearly […]
EU Securities and Markets Authority Releases Final MiCA Guidelines
The European Securities and Markets Authority (ESMA) has published its conclusive guidance to support member states in their transition to the Markets in Crypto-Assets (MiCA) regulation. MiCA regulations began rolling out in June 2024, with full implementation required by December 30. The new guidance aims to address lingering uncertainties and assist countries in finalizing their […]
Ethereum Targets Fresh Highs, but Could $15K Be the Peak?
Ethereum (ETH) is showing strong signs of a breakout after hitting a year-to-date high of $4,108 on Dec. 16. Currently trading near $4,000, ETH is just 18% shy of its all-time high of $4,891 set in November 2021. Over the past week, ETH has risen by 8%, with a 28% gain in the last month […]
MicroStrategy Could Surpass Starbucks and Nike Market Cap If Bitcoin Hits $138K
MicroStrategy’s (MSTR) stock has surged by an impressive 546% this year, pushing its market capitalization to $99.4 billion. A key driver behind this dramatic rise is the company’s substantial Bitcoin holdings. In 2024 alone, MicroStrategy added 249,850 BTC, bringing its total Bitcoin stash to 439,000 BTC. This growing reserve has played a pivotal role in […]
Bitcoin Hits New All-Time Highs as Spot Volumes Surge. Analysts Predicts $115K Target
Bitcoin continued its bullish momentum on December 16, reaching a record-breaking all-time high above $107,700. This latest price spike is supported by a consistent increase in spot trading activity, alongside the return of the Coinbase Premium during the U.S. trading session. The U.S. market saw significant buying pressure, building on the weekend’s strong rally. On […]
MicroStrategy Acquires 15.3K Bitcoin for $1.5B, Total Holdings Hit 439K BTC
MicroStrategy, a prominent corporate investor in Bitcoin, has announced the addition of 15,350 BTC to its reserves. The company disclosed on December 16 that the acquisition cost approximately $1.5 billion in cash. According to the announcement, the Bitcoin purchase took place between December 9 and December 15. MicroStrategy utilized funds raised through the sale of […]
Ripple’s USD Stablecoin Launches for Trading Today
Ripple, the blockchain innovator behind XRP, has announced the official trading launch of its Ripple USD (RLUSD) stablecoin on December 17, marking a significant milestone for the company. RLUSD, a dollar-backed stablecoin introduced earlier this year, is now ready to enter the global financial landscape. Ripple confirmed the launch following regulatory approval from the New […]
US Strategic Reserve Proposal Could Trigger Bitcoin Price Fluctuations
A crypto market expert has cautioned that the United States government’s potential plan to acquire 5% of Bitcoin’s supply could lead to heightened short-term price swings if approved. “If the strategic Bitcoin reserve gets the green light, I expect we’ll see significant volatility. Bitcoin may rally initially but could soon retrace,” said Ben Simpson, CEO […]
Crypto Trader Turns $27 into $52M with Clever Pepe Token Investment
A cryptocurrency trader has reportedly transformed a modest $27 investment into a staggering $52 million profit through a Pepe memecoin investment, according to blockchain analytics firm Lookonchain. The identity of the trader remains unknown, but Lookonchain highlighted the remarkable achievement in a December 14 post on X (formerly Twitter). The post revealed that a Pepe […]