Bitcoin News

The cryptocurrency market experienced a surprising shift today, with prices reversing gains from yesterday’s rally.

The adoption of Bitcoin by corporations is gaining significant traction, with holdings in company treasuries more than doubling over the past year.

U.S. investor activity in Bitcoin seems to be picking up, with the Coinbase Premium Index recently turning positive for the first time since mid-December 2024.

Bitcoin’s meteoric rise in 2024 has sparked comparisons to transformative technologies of the past, with venture capitalist Tim Draper likening it to Netflix’s disruption of the entertainment industry.

Donald Trump’s Bitcoin reserve initiative, set to gain momentum as he assumes office on January 20, is beginning to resonate globally.

Bitcoin’s price has tumbled below the critical $98,000 mark, currently trading at $97,800, a 4.15% drop in the past 24 hours.

BitMEX co-founder Arthur Hayes predicts that Bitcoin and the crypto market will experience a strong rally leading into Q1 2025, fueled by shifts in U.S. liquidity under the incoming Trump administration.