The price of Bitcoin hit an all-time high of $108,000 on December 17, 2024, but has declined by more than 10% since that time. Source: https://cointelegraph.com/news/btc-exchange-inflows-miner-outflow-drop-reclaim-100-k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: January 2025
Crypto ETFs Soar: Nearly $1 Billion Poured Into Bitcoin Funds in a Single Day
On Friday, spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) posted gains, reversing losses from the previous day. Approximately $908.10 million was poured into these ETFs, with dominant players like IBIT, ARKB, and FBTC securing the majority of the inflows. A Billion-Dollar Day: Bitcoin and Ether ETFs Deliver a Positive Ending to a Blockbuster […] Source: https://news.bitcoin.com/crypto-etfs-soar-nearly-1-billion-poured-into-bitcoin-funds-in-a-single-day/
Trump Insists Tariffs Are the Answer to $36 Trillion National Debt Crisis
President Trump has recently pushed the idea of tariffs as an enabler for the U.S. economy. On social media, he stated that tariffs were responsible for creating a “vast wealth” for the country and disclosed that they would be used to pay for the country’s debt. Trump: Tariffs Will Be Used to Pay the $36 […] Source: https://news.bitcoin.com/trump-insists-tariffs-are-the-answer-to-36-trillion-national-debt-crisis/
The ‘MicroStrategy of Dogecoin’ Launches DOGE Yield Strategy, Eyes Bitcoin and Solana Expansion
A firm that has adapted MicroStrategy’s Bitcoin reserve strategy with the meme coin Dogecoin has revealed plans to earn yield on its DOGE coins, with future ambitions to potentially offer products based on other major cryptocurrencies as investors look for new ways to get higher returns on their tokens. Canadian investment firm Spirit Blockchain Capital said Thursday in a statement…
$19 trillion in transactions settled on the Bitcoin network in 2024
Bitcoin has a current market capitalization of roughly $1.9 trillion and surpassed silver’s $1.6 trillion market cap in 2024. Source: https://cointelegraph.com/news/19-trillion-transactions-settled-bitcoin-network-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s Early Bargains: How Early Bitcoiners Traded Fortunes for Everyday Luxuries
In an era where bitcoin (BTC) has become synonymous with substantial wealth, tales of its early days evoke both fascination and disbelief. Most are familiar with the now-legendary story of two pizzas purchased for 10,000 BTC—valued today at nearly $1 billion. However, the chronicles of bitcoin’s history are dotted with equally intriguing accounts of individuals […] Source: https://news.bitcoin.com/bitcoins-early-bargains-how-early-bitcoiners-traded-fortunes-for-everyday-luxuries/
Meme Coins Add $4B to Market Cap as New Meme Index ICO Hits $1.5M
Meme coins have added over $4 billion to their total market cap in the past 24 hours. Most coins are flashing green – with SPX and GIG being two of the biggest gainers. However, one well-known crypto expert believes the new Meme Index (MEMEX) project could be next for a breakout rally. Meme Coin Market […] Source: https://news.bitcoin.com/meme-coins-add-4b-to-market-cap-as-new-meme-index-ico-hits-1-5m/
CULT Food Science Subsidiary Further Foods Announces Noochies! Now Accepts Popular Cryptocurrency Payment Options
Noochies! products can now be purchased with BTC, ETH, SOL and DOGE TORONTO, Jan. 3, 2025 /CNW/ – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, is excited to announce that Noochies! products can now…
XRP Market Update: Bullish Surge Hints at Explosive Breakout Potential
XRP was trading at $2.45 on Jan. 4, 2025, boasting a market capitalization of $140.85 billion. Its 24-hour trading volume reached $4.47 billion, and the day’s price movement ranged between $2.43 and $2.49. XRP XRP’s one-hour chart illustrates a phase of consolidation within the $2.45 to $2.50 range, suggesting a possible breakout scenario. Low trading […] Source: https://news.bitcoin.com/xrp-market-update-bullish-surge-hints-at-explosive-breakout-potential/
Trump Wants All Future Bitcoin Mined in US—Is That Even Possible?
Bitcoin mining is a big business in the U.S.—but how big? And will Donald Trump’s return to the White House make a difference? The President-elect last year said—along with plenty of other pro-crypto pledges—that he wanted all remaining coins to be mined on American soil. Spoiler alert: This will be very difficult, if not impossible. Data compiled by TheMinerMag shows…