Crypto market faces turbulence amid $2.6 Billion BTC and ETH Options Expiry
The cryptocurrency market experienced heightened volatility on December 20, 2024, as options contracts for Bitcoin (BTC) and Ethereum (ETH) worth a staggering $2.6 billion expired. The event was closely monitored by investors and analysts, given its potential to trigger significant…
Bitcoin becomes an official currency of El Salvador amid IMF loan negotiations
Key Points Overview El Salvador, the first country to adopt Bitcoin as legal tender, is scaling back its cryptocurrency policies in exchange for a $1.4 billion loan from the International Monetary Fund (IMF). This marks a significant shift for President…
Bitcoin Could Reach $200,000 by Mid-2025 Despite Potential Volatility, Bitfinex Predicts
Bitcoin’s price is expected to soar to as high as $200,000 by mid-2025, according to the latest forecast from Bitfinex. This significant rise is anticipated to be driven by an increase in institutional investments and the growing popularity of Bitcoin…
Bitcoin In Germany – Ex-Finance Minister Wants Bitcoin Policy To Be More Adaptable
Key Points: Lindner’s Call for Crypto Reform On December 16, Christian Lindner, leader of the Free Democratic Party (FDP), criticized the German government’s inaction on Bitcoin (BTC) and crypto regulations. Lindner emphasized the need for immediate reforms to keep Germany…
Bitcoin’s Surge of over $106,000 could lead itto $150,000 by the end of 2025
Key Takeaways Bitcoin skyrocketed to a record high on Monday, fueled by speculation that President-elect Donald Trump may establish a U.S. Bitcoin strategic reserve. The cryptocurrency touched an unprecedented $106,533 during the day before settling at $104,512, marking a 3%…
Ripple’s RLUSD Shaking Up the Market, With Price Being Quoted at $1200/RLUSD
Ripple’s newly introduced dollar-pegged stablecoin, RLUSD, has officially received regulatory approval from the New York Department of Financial Services (NYDFS), marking a significant milestone in its development and setting the stage for its upcoming launch. This approval positions RLUSD as…
Bitcoin ETF being promoted on China’s Alipay payment app
Certain mainland Chinese users of Alipay encountered advertisements encouraging them to invest up to $137 per day in a fund offering indirect exposure to a U.S. spot Bitcoin ETF and Coinbase. Alipay, the largest payment platform in China with over…
MicroStrategy could join Nasdaq 100 with a possibility of $2.1 billion investment
Key take aways: It is anticipated that $2.1 billion in ETF share purchases will result from MicroStrategy’s December 23 listing on the Nasdaq 100, which could strengthen its Bitcoin holdings. An official announcement is planned for this Friday, December 13,…
Bitcoin is rejected by Microsoft, but the ship would sail with or without!
Key take aways: This Tuesday, December 10, at 11:30 a.m. New York time, is the date of Microsoft’s annual shareholders meeting. Microsoft and Bitcoin, have a history! Microsoft has a cautious approach to Bitcoin. Due to low usage and regulatory…
Causes of the recent crypto crash and lessons learned
The market was rocked by today’s crypto crash, which erased billions from market capitalization and raised concerns about a potential long-term decline. However, what or who is actually causing the chaos? Crypto took a nose dive and turned red today…
