Bitcoin News

Bitcoin-based decentralized finance (BTCFi) had a transformative year in 2024, fueled by the April halving, surging Bitcoin prices, and major infrastructure developments.

Bitcoin has surged to its highest weekly gain since the U.S. election week in November, as speculation grows about the return of Donald Trump, a pro-crypto advocate, for a second presidential term.

Veteran trader Peter Brandt has shared a mixed outlook on Bitcoin, suggesting it could soar to $150,000 this year while warning of a possible sharp decline.

U.S. Senator Cynthia Lummis has reportedly launched an inquiry into the sale of Bitcoin by the U.S. Marshals Service, which oversees the Department of Justice’s Bitcoin holdings.

Investors are closely watching two major events in January that could significantly impact Bitcoin (BTC) and cryptocurrency prices: President Trump’s upcoming inauguration on January 20 and a potential rate hike by the Bank of Japan (BoJ) on January 24.

On January 15, Bitcoin and Ethereum spot exchange-traded funds (ETFs) recorded substantial inflows, signaling growing investor interest in cryptocurrency-backed financial products.

Matt Hougan, Chief Investment Officer at Bitwise, believes the wave of corporate Bitcoin acquisitions is only in its infancy.