Despite a decline from all-time highs, Bitcoin has still performed better than most other cryptocurrency sectors in recent months, indicating that capital and investment continue to favor Bitcoin, according to Glassnode. Over the past three months, “the average return across nearly all crypto sectors has underperformed Bitcoin,” reported onchain analytics platform Glassnode on Tuesday. “This…
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The US Senate Banking Committee has postponed markup hearings on crypto market structure legislation until 2026, despite earlier hopes for a hearing this week. In a statement on Monday, a spokesperson for Senate Banking Committee chair Tim Scott confirmed that the committee will not hold a market structure markup this year. “Chairman Scott and the…
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Strategy chair Michael Saylor has hinted at his firm’s next Bitcoin buy as the markets tanked again late on Sunday, with some observers blaming the Bank of Japan for the selling pressure. Bitcoin (BTC) fell to a two-week low of $87,600 on Coinbase in late trading on Sunday, according to TradingView. The quick Sunday wick…
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Crypto markets saw a slight pickup after the US Federal Reserve’s widely expected rate cut on Wednesday, and a larger bounce could be next, say analysts. The central bank has executed three consecutive interest rate cuts totaling 0.75% over a three-month period from September to December. Despite being fundamentally bullish for crypto in the long…
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Australia’s securities regulator has finalized exemptions that will make it easier for businesses to distribute stablecoins and wrapped tokens. The Australian Securities and Investments Commission (ASIC) on Tuesday announced the new measures, aimed at fostering innovation and growth in the digital assets and payment sectors. It stated that it was “granting class relief” for intermediaries…
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Bitcoin prices surged to a three-week high on Tuesday in a “much-needed rebound” that has caused traders to “FOMO back in and expect higher prices,” according to blockchain analytics firm Santiment. Bitcoin (BTC) prices jumped to $94,625 on Coinbase in late trading on Tuesday, according to TradingView, its highest level since Nov. 25. Santiment said…
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Publicly traded asset manager and Bitcoin treasury company Strive has announced a $500 million stock sales program to raise funds for additional BTC purchases. The firm, which was co-founded in 2022 by American entrepreneur and politician Vivek Ramaswamy, stated on Tuesday that it intends to use the net proceeds from the sale for “general corporate…
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Institutionally-backed Bitcoin native company Twenty One Capital has launched for public trading on the New York Stock Exchange under the ticker XXI. The Jack Mallers co-founded company has the ambition of becoming the largest publicly-traded holder of Bitcoin (BTC), and its Tuesday US launch follows the completion of its business combination with Cantor Equity Partners.…
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Bitcoin is currently hovering at a critical technical level that needs to be defended to prevent major losses, according to crypto analyst “Daan Crypto Trades.” He was referring to the 0.382 Fibonacci retracement zone, which serves as a key area of support and resistance during market cycles. “I think this is a key area for…
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Bitcoin can no longer be compared to the “Tulip Bubble” due to its endurance and resilience over the years, according to Eric Balchunas, Bloomberg’s exchange-traded fund expert. “I personally would not compare Bitcoin to tulips, no matter how bad the sell-off,” said the senior ETF analyst on Sunday. Balchunas pointed out that the tulip market…
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