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, […]
BONK drops 7% Despite Burning $51M Worth of Tokens During “BURNmas”
The Solana-based memecoin BONK saw a notable 7% drop in value, even after an ambitious token-burning event removed 1.69 trillion BONK tokens—equivalent to over $51 million—from circulation. In late November, the BONK team unveiled plans for “BURNmas,” an initiative aiming to burn 1 trillion tokens. The campaign incentivized social media engagement by burning 1,000 BONK […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]