Layer-1 crypto project The Open Network (TON) is announcing plans to launch a layer-2 payment chain as a top priority for this year. According to a new blog post on its roadmap, TON Core says a payments-focused L2 is crucial to the ecosystem’s success. “The top priority of layer-1 of the TON blockchain is the ability […]
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Bitcoin’s bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
Bitcoin (BTC) made a solid recovery on Jan. 10, and the bulls are trying to maintain the price above $94,000. This suggests that the bulls continue to view the dips near $90,000 as a buying opportunity. Blocktrends head of research Cauê Oliveira wrote in a Jan. 8 CryptoQuant post that large players were buying Bitcoin just below $95,000.
A Bitwise survey of 430 financial advisers conducted between Nov. 14 and Dec. 20 shows that 56% of the respondents are more likely to invest in cryptocurrencies in 2025 following Donald Trump’s United States presidential election victory. Additionally, among the advisers who are already investing, 99% plan to “either maintain or increase” their crypto exposure this year.
Crypto market data daily view. Source: Coin360
Bitcoin price looks on track to reclaim the $100,000 level. Are altcoins set to follow?
Bitcoin (BTC) bulls are maintaining the pressure and are likely to test the stiff overhead resistance at $100,000 soon. Although the recovery has been strong, the relief rally on Jan. 2 was greeted by profit booking by the United States spot Bitcoin exchange-traded fund investors. The ETFs witnessed $242.3 million in outflows, per Farside Investors data.
Bitcoin’s hesitation to cross above $100,000 has not altered its long-term view. Steno Research said in a research note that 2025 is likely to be the best year for cryptocurrency markets ever. They expect Bitcoin to hit more than $150,000 and Ether (ETH) to cross $8,000.
Crypto market data daily view. Source: Coin360
Bitcoin’s recovery shows solid buying at lower levels, increasing the possibility of a break above $100,000 in the short term.
Bitcoin (BTC) bulls are trying to start a Santa Claus rally by pushing the price back above the psychological level of $100,000, but higher levels may attract sellers. Bitcoin has gained nearly 2% in December, but it will have to do more work to catch up with the previous year’s 12.18% rise in December, per CoinGlass data.
CryptoQuant contributor Joo Hyun Ryu said in a Quicktake blog post that Bitcoin demand has increased from speculative short-term holders (STH) and Korean investors. The share of STH increased by 3% within a week, and the “Kimchi Premium,” the aggregate difference in price between South Korean exchanges and others, reached a local high of 5.12.
Crypto market data daily view. Source: Coin360
The CEO of digital assets-focused investment firm Pantera Capital says his firm owns a handful of other crypto in addition to Bitcoin (BTC). In a new CNBC interview, Dan Morehead says that he thinks Bitcoin and crypto still have more room to the upside this cycle. Morehead notes that his firm has accumulated positions in […]
The post Dan Morehead Unveils Pantera Capital’s Crypto Holdings, Says Firm Owns Bitcoin and Other ‘Interesting’ Altcoins appeared first on The Daily Hodl.
Bitcoin’s rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.
Bitcoin (BTC) found support near $94,000 on Dec. 10, and the bulls made a solid recovery on Dec. 11. The price soared back above the psychologically crucial level of $100,000 after November’s inflation report met economists’ projections. According to the FedWatch Tool, the probability of a 25-basis point rate cut in the next meeting has risen to more than 96%. That could prove to be bullish for risky assets.
Bitwise investment chief Matt Hougan and research head Ryan Rasmussen said in a report that Bitcoin could cross $200,000 by the end of 2025. Along with Bitcoin, the duo is also bullish on Ether (ETH) and Solana (SOL), expecting them to rise to $7,000 and $750, respectively.
Crypto market data daily view. Source: Coin360
Bitcoin price trades above $100,000 again, proving that every minor dip is being purchased.
Bitcoin (BTC) created a historic milestone on Dec. 5, as it reached the psychologically critical level of $100,000. The bears pulled the price back toward $90,000, but the bulls purchased the dip and have succeeded in driving the price above $100,000 on Dec. 6.
Has Bitcoin topped out in the short term, or is every dip still a buying opportunity? This is one of the burning questions in traders’ minds.
ARK Invest founder and CEO Cathie Wood said in a post on X that Bitcoin “is still in early innings” even after breaking out of $100,000. She added that her firm believes “Bitcoin is a much bigger idea than gold.”
Bitcoin’s strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.
Bitcoin’s (BTC) pullback found support at $90,791 on Nov. 26, and the bulls pushed the price back above $96,000 on Nov. 27. BTC Markets head of finance and crypto analyst Charlie Sherry told Cointelegraph that the dip to $92,600 “could be the ‘last flush’ before Bitcoin finally crosses $100K.”
However, some analysts are not confident that Bitcoin will break above $100,000 in a hurry. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin could “correct as much as 30% before it reaches its cyclical top.”
Crypto market data daily view. Source: Coin360
Bitcoin continues its march toward $100,000, and several altcoins could be poised to hit new all-time highs.
Bitcoin (BTC) bulls have kept up the pressure, and the price is trying to climb above $95,000. Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), launched on Nov. 19, were an instant hit.
Bloomberg ETF analyst James Seyffart said in a post on X that IBIT options recorded roughly $1.9 billion in notional exposure, and that could be the reason for Bitcoin’s new all-time high on Nov. 19.
Bitcoin’s price is nearing $100,000, but MicroStrategy, the largest corporate holder of Bitcoin, is not showing any signs of slowing down its purchases. The business intelligence firm revealed plans to raise $2.6 billion from senior convertible notes to buy more Bitcoin and for general corporate purposes.
Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher.
Bitcoin (BTC) has been on a roll and shows no signs of slowing down. The latest leg of the rally above $84,500 pushed Bitcoin’s total market capitalization above $1.67 trillion for the first time.
Analysts remain optimistic that Bitcoin will extend its month-to-date gains of 17% as November’s average return is 44%, according to CoinGlass data. Veteran trader Peter Brandt said in a post on X that “when BTC runs - it runs.” He projects Bitcoin to reach $125,000 by the end of the year.
Daily cryptocurrency market performance. Source: Coin360
