US Bitcoin reserve would have ‘profound’ impact on adoption: CoinShares

January 10, 2025 Coin Telegraph

Bitcoin

The Bitcoin Act’s passage could eventually send BTC’s price past $1 million per coin, industry executives say.

Establishing a strategic Bitcoin (BTC) reserve in the United States would accelerate Bitcoin’s adoption even more than 2024’s exchange-traded fund (ETF) launches, cryptocurrency researcher CoinShares said in a Jan. 10 blog post.

In 2024, US lawmakers proposed the Bitcoin Act, which would direct the US Treasury Department to create a “strategic Bitcoin reserve” by purchasing 1 million BTC over a 5-year period. President-elect Donald Trump endorsed the plan, which has not yet been passed into law.

“We believe that the enactment of the Bitcoin Act in the United States would have a more profound long-term impact on Bitcoin than the launch of ETFs,” CoinShares said.

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Bitcoin Technical Analysis: A Breakout Above $96K Could Signal a New Rally

January 10, 2025 Bitcoin.com

Bitcoin

Bitcoin’s price fluctuates between $93,607 and $94,026 over the past hour, reflecting a market capitalization of $1.86 trillion. With a 24-hour trading volume of $63.28 billion and an intraday range spanning $91,215 to $95,098, bitcoin finds itself at a pivotal juncture. Bitcoin The daily chart illustrates bitcoin consolidating near its support band of $91,000 to […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Bitcoin speculators panic sell at $92K in ‘good time for accumulation’

January 10, 2025 Coin Telegraph

Bitcoin

Bitcoin short-term holders are potentially giving the market a classic "buy the dip" signal, new research from CryptoQuant says.

Bitcoin market indicators are getting a reset as investors nurse 4% weekly BTC price losses.

In a Quicktake blog post on Jan. 10, onchain analytics platform CryptoQuant reported a new chance to buy the dip.

Bitcoin (BTC) sentiment has taken a hit this month as volatility favored the downside and bulls failed to reclaim and hold the $100,000 mark.

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Crypto Economy Tumbles: Bitcoin Nears $90K as Sell-Off Intensifies

January 10, 2025 Bitcoin.com

Crypto Economy Tumbles: Bitcoin Nears K as Sell-Off Intensifies

Bitcoin Market

On Thursday, bitcoin, the leading cryptocurrency, descended to an intraday low of $91,215, reflecting a decline exceeding 3% against the U.S. dollar. The collective valuation of the crypto economy contracted by 2.5% in the past 24 hours, settling at $3.22 trillion. Bitcoin Battles to Stay Afloat as Market Faces South Korean Premium Over the preceding […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce

January 9, 2025 Coin Telegraph

Bitcoin

Bitcoin network growth is set to take BTC price to seven figures within the next decade, says Timothy Peterson.

Bitcoin (BTC) has a new seven-figure prediction for the future as one of the industry’s best-known commentators doubles down on its bullish future.

In an X post on Jan. 8, network economist Timothy Peterson, author of the paper “Metcalfe’s Law as a Model for Bitcoin’s Value,” announced a $1.5 million BTC price target.

Citing his own model, which puts network expansion at the heart of Bitcoin’s future value proposition, Peterson predicted that Bitcoin would hit a giant $1.5 million per coin within 10 years.

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Bitcoin Technical Analysis: Bearish Signals Point to Potential Collapse Below $96,000

January 7, 2025 Bitcoin.com

Bitcoin

Bitcoin’s current valuation stands between $96,512 to $97,121 over the last hour, boasting a market capitalization of $1.91 trillion and a 24-hour trading volume amounting to $59 billion, indicative of intensified market engagement. The cryptocurrency oscillates within an intraday spectrum from $96,163 to $102,760. Bitcoin Bitcoin‘s one-hour chart delineates a pronounced downward trajectory, now stabilizing […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

BTC price loses 4% on US JOLTS data as Bitcoin trader warns of $92K dip

January 7, 2025 Coin Telegraph

Bitcoin

Bitcoin analysis blames "spoofing" for a snap BTC price correction of more than $4,000 in hours.

Bitcoin (BTC) shed 4% on Jan. 7 as “predictable” BTC price action put whales in the spotlight.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped below $98,000.

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Crypto Market Meltdown: Bitcoin and Ethereum Freefall in Epic Tuesday Tumble

January 7, 2025 Bitcoin.com

Bitcoin

After cresting at an impressive $102,760 per coin, the preeminent cryptocurrency, bitcoin (BTC), has precipitously fallen beneath the $100,000 threshold, reaching a nadir of $97,124 per unit. Bitcoin Below $100K, Liquidations Liquidate Hopes Tuesday proved to be a tumultuous day within the realm of digital currencies, with the aggregate market capitalization plummeting by 4.67% to […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Bitcoin Surges Past $100K for the First Time Since December, Hits $102,514 High

January 6, 2025 Bitcoin.com

Bitcoin

Bitcoin (BTC) has once again surpassed the $100,000 mark reaching an intraday high of $102,514, its first breakthrough above this psychological level since mid-December 2024. $103K Resistance Looms as Bitcoin Climbs to $102,514 Amid Volume Spike This latest bitcoin surge reflects strong bullish momentum, with buyers stepping in decisively to drive prices higher. The 1-hour […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Crypto bull market entering final stage: CryptoQuant

January 6, 2025 Coin Telegraph

Altcoins

Digital asset prices may still see substantial gains before the market corrects, the analyst said.

The cryptocurrency market is now in the “later stages of the current bull cycle” and “caution is advised” for investors, according to data analytics provider CryptoQuant.

The bull market, which began in January of 2023, is likely to reach its cyclical peak by the first quarter of 2025, or the second quarter at the latest, Crypto Dan, a CryptoQuant contributor, said in a Jan. 6 post.

“With a substantial influx of new investments as well as additional funds from existing investors, it is reasonable to expect that the market is now in the latter stages of this cycle,” the post said.

BTC price

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