Bitcoin is once again dropping lower after failing to breach the $108K resistance level. Investors are worried that this could be the start of a much deeper correction as the asset is currently beneath the coveted $100,000 mark. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily...
Gold Hit ATH, Bitcoin Plunges—What’s Driving the Divergence?
The precious metal exceeded the $2,800/oz mark for the first time ever on Friday. It has been less than two weeks since Donald J. Trump stepped back into the White House, and he has already rattled the cages with numerous controversial decisions. The latest came on Saturday evening as he...
Grayscale Announces Bitcoin Mining Industry ETF (MNRS)
Crypto asset manager Grayscale has launched its latest exchange-traded fund with a focus on Bitcoin mining companies. On Jan. 30, the firm announced the Grayscale Bitcoin Miners ETF with the ticker MNRS. The product is a passively managed ETF tracking the mining industry and the Indxx Bitcoin Miners Index. “MNRS...
Czech Point: Prague Central Bank Wants Bitcoin, Lummis Freaks Out
Czech National Bank (CNB) governor Aleš Michl told FT, "For the diversification of our assets, bitcoin seems good." The Czech Republic’s central bank head recently echoed statements he made earlier in January boasting plans for the Central European nation to begin stockpiling Bitcoin, in remarks published by the Financial Times...
How Supply Distribution Trends Can Affect Bitcoin’s Price, According to Santiment
42.26 million wallets held less than 0.01 BTC as of today. As bitcoin’s price consolidates and traders speculate about the asset’s next trajectory, the market intelligence platform Santiment has highlighted how supply distribution trends can offer insights into the cryptocurrency’s price movement. Supply distribution data shows how different groups of...
Russian Power Giant Rosseti Embraces Bitcoin Mining to Monetize Excess Capacity
Rosseti Group is exploring mining opportunities to optimize idle power in Russia. Rosseti Group – Russia’s leading electric grid operator – has announced its interest in becoming an operator for hosting mining infrastructure. The company told TASS that this initiative focuses on utilizing underloaded power supply centers, improving capacity utilization,...
Binance Open Interest Soars After CPI Data Release as Bitcoin Hits $100K Briefly
Bitcoin touched $100,000 for the first time in 2025, driven by favorable macroeconomic conditions. The release of the December CPI report triggered notable reactions across financial markets, especially in the cryptocurrency sector. While headline inflation aligned with expectations, core inflation fell below forecasts on both monthly and annual bases, fueling...
December US Jobs Data Sparks Immediate $2K Bitcoin Price Drop
BTC tumbled from $95,000 to $93,000 within minutes. Bitcoin doesn’t seem to react well to news coming from the United States political and economic scene, as the asset dropped by two grand in the past half an hour or so. This came after the latest US jobs report for December,...
Bitcoin (BTC) Decoupling From Wall Street: A Signal for New Records in 2025?
A weakening Bitcoin-equity correlation offers hope for crypto investors as new data hints at a new peak this year. 2025 has kicked off on a positive note, with Bitcoin back to six figures, trading above $100,000. Despite climbing by almost 8% over the past week, BTC is yet to reclaim...
Arthur Hayes Expects the Crypto Market to Peak in March: Here’s Why
The BitMEX co-founder urged risk-takers at Maelstrom to go “degen” mode as the bull cycle continues. Over the past 24 hours, the crypto market has taken an unexpected yet appealing turn. The valuation of leading crypto assets like bitcoin (BTC) has soared to heights not seen since the start of...