In Brief Bitcoin options worth $2.56 billion and Ethereum options at $557 million are expiring today, impacting market trends. Expiring BTC options have a 0.57 put-to-call ratio, suggesting bullish sentiment, with a max pain point of $99,500. Weak market sentiment, partly due to Trump tariffs and macroeconomic data, contributes to low max pain points for…
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In Brief Arthur Hayes predicts Bitcoin’s value will drop to $70,000–$75,000 before rebounding to $250,000 by year-end. The decline is linked to macroeconomic trends, not today’s DeepSeek-related market turmoil, which Hayes sees as a catalyst. Hayes highlights US monetary policy and global factors as key drivers for Bitcoin’s eventual pull-back and later growth. Arthur Hayes…
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In Brief A Meta shareholder has proposed allocating a portion of the company’s $72 billion cash reserves to Bitcoin. The proposal cites BTC’s potential as a hedge against inflation and its superior performance compared to traditional assets. Meanwhile, the proposal aligns with the growing advocacy for corporate Bitcoin adoption around the globe. A shareholder in…
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In Brief Donald Trump’s NFT collection, “Trump Bitcoin Digital Trading Cards,” debuts with 160 pieces on the Bitcoin network. The collection includes 200 cards in total, with incentives for buyers and availability via Magic Eden’s NFT marketplace. The broader NFT market faces oversaturation, though Bitcoin and Ethereum lead 2024 sales with over $3.1 billion. Donald…
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In Brief Frax Finance votes on using BlackRock’s BUIDL token to back its revamped frxUSD stablecoin, with unanimous support so far. Sui is set to unlock 64 million SUI tokens on January 1, primarily benefiting early investors and contributors. Six Israeli firms are launching Bitcoin mutual funds, but regulatory delays and cratering investment may limit…
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In Brief Michael Saylor, co-founder of MicroStrategy, has hinted at a potential new Bitcoin acquisition for the eight straight week. Some market oberservers have suggested that MicroStrategy’s aggressive purchase pattern can induce market volatility. Meanwhile, the buys have contributed to Bitcoin price rising from around $67,000 to a new all-time high over $100,000. Michael Saylor,…
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In Brief Galaxy Research expects Bitcoin to surpass $185,000 due to increased adoption by nations and major corporations. The stablecoin market is anticipated to grow beyond $400 billion, driven by new entrants and evolving regulatory clarity. The US government is unlikely to buy Bitcoin directly but discussions around a Bitcoin reserve policy would develop. Galaxy…
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In Brief Bitcoin analysts predict a potential price drop to $60,000 before a bullish rebound in 2025, citing weak current momentum. Key support levels between $97,000 and $93,800 have been breached, raising concerns of further declines to $70,000 or lower. Investor sentiment shows nervousness, with $3 billion in BTC moved to exchanges and ETF outflows…
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In Brief Bitcoin ETFs see $1.2 billion outflows over three days, including a $680 million single-day record, net assets dropped from $121 billion to $105 billion. While Bitcoin struggled, Ethereum ETFs saw $130 million inflows, led by BlackRock’s holdings surpassing 1 million ETH. Investors cite profit-taking in Bitcoin, while Ethereum’s inflows hint at potential altcoin…
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In Brief Bitcoin spot ETFs in the US have surpassed gold ETFs in AUM, despite gold’s 20-year market lead. Major players like BlackRock and Fidelity drive demand, enhancing Bitcoin’s credibility and accessibility. Younger investors view Bitcoin as “digital gold,” reflecting a shift toward modern, decentralized store-of-value assets. Bitcoin has overtaken gold as the leading financial…
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