Bitcoin (BTC) continues to trade within the recent consolidation phase, hovering around $90,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets. BTC price action approaches a key descending trendline that could determine its next directional move. Meanwhile, institutional flows
Key Takeaways Tether has made an all-cash bid to acquire a full stake in Juventus Football Club, but the Agnelli family has stated they do not intend to sell. Tether is offering significant investment and has become a major shareholder, leveraging its position as the issuer of the USDT stablecoin. Tether’s bid for full control
Key Takeaways Brazil’s largest private bank advises allocating 1% to 3% of investment portfolios to Bitcoin for diversification. Bitcoin offers protection against currency devaluation and low correlation with traditional assets. Itaú Unibanco, Brazil’s largest private bank, has recommended that investors allocate 1%-3% of their investment portfolio to Bitcoin to enhance diversification and protect themselves against
Bitcoin has broken from its long-standing correlation with equities, marking its first full-year divergence from stocks in over a decade. The shift highlights a growing disconnect between crypto and traditional markets, raising questions about Bitcoin’s role in the current cycle. A Historic Market Decoupling Bitcoin and stocks have historically moved in tandem. However, that relationship
The tokenization of stocks won’t immediately be of immense benefit to the crypto market, but the benefits could increase if such assets are allowed to better integrate on blockchains, says NYDIG. “The benefits to networks these assets reside on, such as Ethereum, are light at first, but increase as their access and interoperability and composability
Fears of a bubble that may soon burst seem to have transcended ecosystems, pouring cold water on what might have otherwise been a year-end rally. The AI Bubble’s Wider Fallout: Stocks Join Bitcoin in Decline Nowadays, when the stock market sneezes, bitcoin catches a cold. That idiom partly explains the puzzling price action BTC has
The Bitcoin Magazine Pro Price Forecast Tools chart provides a comprehensive framework for identifying potential price floors during bear cycles and forecasting upside targets based on on-chain fundamentals and network-derived data points. By aggregating multiple metrics, this methodology has historically called Bitcoin market cycle peaks and bottoms with remarkable accuracy. Can these tools continue to
BNB Chain, known for being the largest layer-1 blockchain by user count, has introduced new success standards for the market. The goal is to guide the industry in understanding that true success is measured by long-term impact and resilience, rather than by short-term hackathon achievements. BNB Chain does not believe in short-term results over resilience;
The bitcoin price was trading in the $92,000 range earlier today but has now dropped back toward $90,000, reflecting continued volatility despite the U.S. Federal Reserve’s 25-basis-point rate cut. After briefly spiking above $93,000 yesterday, the crypto fell below $90,000 and stabilized around $90,600 at the time of writing. The pullback comes amid mixed signals