Articles for author: Market News

December 25, 2024

Russia Embraces Bitcoin and Crypto Assets for Cross-Border Transactions, Finance Minister Confirms New Financial Strategy

Russia is increasingly using Bitcoin and other cryptocurrencies to circumvent Western sanctions imposed after the invasion of Ukraine. Finance Minister Anton Siluanov announced that businesses are beginning to adopt digital currencies for international transactions, aided by recent government legislation that recognizes cryptocurrencies as property for foreign trade. However, starting in 2025, Russia plans to restrict ...

December 25, 2024

Market News

Crypto

Russia Embraces Bitcoin and Crypto Assets for Cross-Border Transactions, Finance Minister Confirms New Financial Strategy

Russian companies are increasingly turning to Bitcoin and other cryptocurrencies as a way to navigate Western sanctions and facilitate international payments. This shift comes after the imposition of sanctions following Russia’s invasion of Ukraine, which hindered access to traditional banking methods. Finance Minister Anton Siluanov announced that Russia has modified its regulations to recognize digital ...

December 25, 2024

Market News

Crypto

Bitcoin ETFs Experience $338 Million in Outflows on Christmas Eve: Impact on Market Trends and Investor Sentiment

Recent data shows a significant downturn in Bitcoin exchange-traded funds (ETFs), with over $1.5 billion withdrawn in just four days leading up to Christmas. BlackRock’s iShares Bitcoin ETF saw the largest single-day outflow of $188.7 million, while Ethereum ETFs experienced the opposite trend, attracting $53.5 million in net inflows. BlackRock’s Ethereum fund drove the interest, ...

December 25, 2024

Market News

Crypto

Bitcoin ETFs Experience $338 Million Outflows on Christmas Eve: Market Impact and Insights

Bitcoin exchange-traded funds (ETFs) are experiencing a significant downturn, with over $1.5 billion withdrawn in recent days, including $338.4 million on Christmas Eve alone. BlackRock’s iShares Bitcoin ETF faced the biggest loss, with $188.7 million pulled out. In contrast, Ethereum ETFs are gaining momentum, attracting $53.5 million in net inflows recently, led by BlackRock’s Ethereum ...

December 25, 2024

Market News

Crypto

Bitcoin Rebounds to $99,000 on Christmas Day: What It Means for Investors

On Christmas Day, Bitcoin surged past $99,000, fueled by renewed Market optimism, marking a recovery from a low of $92,973. In just 24 hours, it gained over 5%, with other altcoins like Ethereum and XRP also seeing significant increases. This positive momentum raised the global crypto Market cap by 3.5%, reaching $3.44 trillion, though it ...

December 25, 2024

Market News

Crypto

Bitcoin Surges to $99,000 on Christmas Day: A Brief Rebound in the Crypto Market

On Christmas Day, Bitcoin surged past $99,000, driven by renewed Market optimism and a recovery from a recent low of $92,973. This increase, exceeding 5% in just 24 hours, coincided with gains in altcoins like Ethereum, XRP, and Solana, contributing to a global crypto Market cap rise of 3.5%, now at $3.44 trillion. However, the ...

December 25, 2024

Market News

Crypto

Bitcoin Hits $100,000: Are Other Cryptocurrencies Emerging as Strong Competitors? Explore the Rising Landscape of Altcoins.

On December 4, Bitcoin first surpassed the $100,000 mark, highlighting a significant rally of over 40% since the election. In 2024, Bitcoin’s gains exceed 110%. Many other cryptocurrencies are also thriving, with XRP reaching nearly 250% growth due to speculation about potential spot ETFs in 2025. Solana is another standout, up 70% this year, while ...

December 25, 2024

Market News

Crypto

Exploring Solana: Is It Time to Move Beyond Bitcoin for Better Investment Opportunities?

Bitcoin recently reached a record price of $103,332, driven by factors like the launch of spot price ETFs, its halving event, interest rate cuts, and pro-crypto policies from President-elect Trump. While its current price is around $97,000, Bitcoin remains the leading cryptocurrency with substantial growth over the past year. In contrast, Solana, trading at approximately ...

December 25, 2024

Market News

Crypto

Pantera Capital’s CEO Highlights Timeline for Crypto Bull Market Peak in 2025: Key Insights and Predictions

Dan Morehead, CEO of Pantera Capital, anticipates that the cryptocurrency Market will experience a significant bull cycle peak in August 2025, driven by Bitcoin’s established four-year halving cycle. Each halving event, which reduces miners’ rewards and tightens supply, has historically led to price surges before and after. Morehead predicts Bitcoin will hit a price target ...

December 25, 2024

Market News

Crypto

Pantera Capital CEO Predicts Crypto Bull Market Peak in 2025: Key Timeline Insights and Market Analysis

Dan Morehead, CEO of Pantera Capital, believes that the crypto Market, particularly Bitcoin, will experience its next peak in 2025. In a recent interview, he explained that Bitcoin’s price trends often follow a four-year halving cycle, which reduces the rewards for miners, tightening supply. Based on historical data, Morehead predicts Bitcoin will reach a price ...