Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

December 27, 2024 Bitcoin.com

Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with ,000 Support

Bitcoin, clocking in at $94,504 with a market cap of $1.87 trillion, witnessed a 24-hour trading session of around $53 billion, bouncing between $93,368 and $97,133 over the past day. Bitcoin The one-hour chart showed bitcoin taking a nosedive from its recent peak near $98,000, with hefty sell-offs pushing it toward the safety net at […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Tech Firm KULR Scoops Up $21,000,000 Worth of Bitcoin to Start New BTC Corporate Treasury

December 27, 2024 The Daily Hodl

Bitcoin

Energy management platform KULR Technology is debuting its Bitcoin (BTC) treasury strategy with the acquisition of $21 million worth of the flagship crypto asset. In a new statement, the company says it bought 217.18 BTC at an average price of $96,556.53 per Bitcoin. The asset is currently trading for $95,737. KULR completed the purchase just […]

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Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Bitcoin unfazed by $14B option expiry setting $110K BTC target

December 27, 2024 Coin Telegraph

Bitcoin unfazed by B option expiry setting 0K BTC target

$14B bitcoin option expiry

Bitcoin remained resilient despite the options expiry, peaking above $97,330 one hour after the year’s last options expiry event.

Bitcoin price remains resilient despite the last options expiry of the year, which threatened a significant correction below $85,000.

Over $14.2 billion worth of Bitcoin (BTC) options expired at 8:00 a.m. in UTC on Dec. 27, with a ‘max pain’ point of $85,000, which indicates the price at which most options contract would expire worthless.

The market experienced a total of $18 billion worth of Bitcoin and Ether (ETH) options expiry, according to Deribit Exchange’s Dec. 26 X post, that wrote:

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Trader Says There Will Be a ‘Tremendous Altcoin Run’ in the Coming Weeks and Months – Here is why

December 27, 2024 The Daily Hodl

Altcoin Sherpa

A widely followed crypto analyst is leaning bullish on altcoins as Bitcoin (BTC) hovers below the $100,000 psychological level. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 236,200 followers on the social media platform X that altcoins are due to explode over the coming weeks. According to Sherpa, one catalyst that […]

The post Trader Says There Will Be a ‘Tremendous Altcoin Run’ in the Coming Weeks and Months – Here is why appeared first on The Daily Hodl.

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Analyst Issues Urgent Crypto Alert, Says There’s a Chance the Market Could Go Lower – Here’s His Outlook

December 27, 2024 The Daily Hodl

Bitcoin

A widely followed analyst is suddenly issuing a warning that the crypto market may not be done correcting. Pseudonymous crypto trader Kaleo tells his 675,300 followers on the social media platform X that significant rallies may not resume for Bitcoin (BTC) and other digital assets until they first hit lower prices. “Still think there’s a […]

The post Analyst Issues Urgent Crypto Alert, Says There’s a Chance the Market Could Go Lower – Here’s His Outlook appeared first on The Daily Hodl.

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst

December 27, 2024 The Daily Hodl

Bitcoin

A widely followed crypto analyst is outlining when Bitcoin (BTC) could potentially reach its cycle peak. Pseudonymous crypto trader Inmortal tells his 221,700 followers on the social media platform X that it takes an average of 1,064 days for Bitcoin to rally from the bottom of the cycle to the top. Between the previous cycle’s […]

The post Here’s When Bitcoin Could Hit a Top This Cycle if History Repeats, According to Crypto Analyst appeared first on The Daily Hodl.

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Confirmed Bitcoin payments hit yearly low due to holiday illiquidity

December 27, 2024 Coin Telegraph

Bitcoin

Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.

Daily Bitcoin payments have sunk to a yearly low, illustrating the period of illiquidity characteristic of the holiday season.

Confirmed Bitcoin (BTC) payments sank to 623,434 on Dec. 26, marking the lowest point of the year, according to data from blockchain.com

Confirmed Bitcoin payments per day. 1–year chart. Source: Blockchain.com

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Post-Christmas miracle as Bitcoin ETFs clinch inflow after 4-day bleed

December 27, 2024 Coin Telegraph

bitcoin etf

US spot Bitcoin ETFs notched a positive net inflow after four trading days that bled over $1.5 billion.

United States Bitcoin exchange-traded funds (ETFs) saw net inflows the day after Christmas, stemming a four-trading day run of outflows totaling more than $1.5 billion.

The 11 ETFs together saw net inflows of $475.2 million on Dec. 26, led by $254.4 million worth of flows into the Fidelity Wise Origin Bitcoin Fund, per CoinGlass.

The ARK 21Shares Bitcoin ETF followed with $186.9 million in inflows, while BlackRock’s iShares Bitcoin Trust ETF (IBIT) took in $56.5 million.

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

‘One of the Most Powerful Patterns in All of Crypto’: Raoul Pal Says Ethereum Signaling Very Big Move Ahead

December 27, 2024 The Daily Hodl

Bitcoin

Macro guru and Real Vision CEO Raoul Pal believes Ethereum (ETH) is gearing up for an explosive move. In a new YouTube strategy session, Pal says that the leading smart contract platform by volume is forming a bullish wedge pattern on its weekly chart, setting the top altcoin up for a breakout. “The weekly chart […]

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Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Bitwise files for ETF tracking firms with big Bitcoin treasuries

December 27, 2024 Coin Telegraph

bitcoin treasury

Bitwise has filed for an ETF that would invest in large market cap public companies with at least 1,000 Bitcoin on their balance sheets.

Exchange-traded fund (ETF) issuer Bitwise has filed to launch a new fund that would hold stocks of publicly traded companies that have significant Bitcoin holdings on their books.

The Bitwise Bitcoin Standard Corporations ETF would invest in companies “that have adopted the ‘Bitcoin standard’” and hold at least 1,000 Bitcoin (BTC) in their corporate treasuries, according to a Dec. 26 regulatory filing.

The Bitcoin-holding firms would also have to have a market capitalization of at least $100 million, a minimum average daily liquidity of at least $1 million, and a public free float of under 10% to be included in the ETF.

BTC

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