While Bitcoin short-term holders’ profit increased, panic selling was also evident around $100,000 despite clear technical support above $95,000. Source link
Day: January 21, 2025
Bitcoin miners see 3x profit margins despite higher network difficulty
Glassnode’s Difficulty Regression Model estimates the cost to mine a single BTC at approximately $33,900. Source link
Bank of America CEO sees US banks “come in hard” for crypto payments if regulations are in place
Key Takeaways Bank of America is prepared to enter the crypto market upon receiving regulatory clarity. The bank’s focus would be on regulated, non-anonymous transactions. Share this article US banks are eager to adopt crypto for transactions if regulatory guidelines are set forth, said Bank of America CEO Brian Moynihan in a Tuesday interview with CNBC’s Squawk Box. “If the rules come in and make it a real thing that you can actually do business with, you will find the banking system will come in hard on the transactional side…
Hester Peirce tapped to lead SEC’s new crypto task force
Key Takeaways The SEC has formed a Crypto Task Force under Commissioner Hester Peirce to establish proactive regulation and clear legal standards. The initiative aims to support innovation while addressing industry confusion over previously enforcement-focused approaches. Share this article The SEC has established a Crypto Task Force under the leadership of Commissioner Hester Peirce, with Acting Chairman Mark T. Uyeda announcing the initiative on Tuesday. Richard Gabbert and Taylor Asher will serve as Chief of Staff and Chief Policy Advisor, respectively, bringing together experts across the agency to work with…
Trump Did Not Free Ross On Day One Because Of Course He Didn’t
Follow Aaron on Nostr or X. I’m not here to say “I told you so.” In my Take from October 4, I did write that Donald Trump does not give a damn about Bitcoin, and in my Take from November 5 I wrote he just wants in on the crypto scam. But I didn’t mention Ross Ulbricht in either of these, largely because even I expected Trump to at least follow through on his promise to free Ross. It’s an easy promise to keep, without any real downside for Trump; after more…
Advanced Mathematical Projections for the Bitcoin Bull Cycle Peak
The current Bitcoin bull market presents a compelling opportunity for investors seeking precise, data-driven forecasts regarding the timing and magnitude of the next price peak. In a rigorous analysis presented by Bitcoin Magazine Pro, lead analyst Matt Crosby applies a sophisticated blend of historical data, moving average analysis, and statistical modeling to predict the forthcoming Bitcoin bull cycle peak. Crosby’s findings project October 19, 2025, as a pivotal date, with Bitcoin reaching a median price of $200,000 and the potential for peaks extending to $230,000 when accounting for statistical outliers.…
MicroStrategy shareholders approve stock increase to fund Bitcoin buying spree
Key Takeaways MicroStrategy shareholders approved the increase in authorized shares to fund Bitcoin acquisitions. The company now holds over $48 billion in Bitcoin, representing more than 2% of the total supply, as it ramps up purchases. Share this article MicroStrategy shareholders approved an increase in authorized Class A common shares from 330 million to 10.3 billion, supporting the company’s Bitcoin acquisition strategy. The measure passed with 56% approval on Tuesday, enabling the company to potentially exceed the shares outstanding of all but four of the largest Nasdaq 100 companies: Nvidia,…
BoA CEO says banks eager to enter crypto if regulators allow
Brian Moynihan believes financial institutions would gladly facilitate cryptocurrency payments if clearer regulations around their use were established. Source link
Bitcoin Missed A $54 Billion Opportunity By Neglecting Runes
Follow George on X. There is no shortage of opinions when it comes to the stunning launch of President Donald Trump’s Solana memecoin. The news and staggering performance of $TRUMP in the days leading up to his Inauguration have all but confirmed the dawn of a new era for our industry, emphatically declaring that the rules are now very different. In the midst of all the drama, confusion and hot takes, I’m left wondering: did Bitcoiners fumble the bag? Last year, at block height 840,000, a significant change went into…
Fake TRUMP and MELANIA tokens record $4.8M inflows in 24 hours
Copycat tokens claiming to be the official TRUMP and MELANIA coins recorded $4.8 million in purchases in 24 hours from 12,641 wallets. Source link