Bitcoin BTC$87,575.04 could be heading into a prolonged downturn, according to Cantor Fitzgerald, but that is likely to be a prelude to the crypto industry entering a more stable, institutionally driven phase. Markets are probably in the early phase of a crypto winter, echoing bitcoin’s historical four-year cycle, according to a year-end report by analyst…
Cardano (ADA) was also a top performer, gaining 4.2% from Friday. Source link
Strategy (MSTR), the largest publicly traded holder of bitcoin BTC$87,367.86, resumed purchases after boosting its US dollar reserves to $2.2 billion the prior week. The company acquired 1,229 bitcoin last week for $108.8 million, at an average price of $88,568 per coin, according to a filing released Monday morning. Total holdings increased to 672,497 BTC,…
Sberbank, Russia’s second-largest bank, issued the country’s first bitcoin-backed loan to one of its largest bitcoin miners, calling the transaction a pilot and suggesting it was keen to issue more in the future “We believe this product will be relevant not only for cryptocurrency miners, but also for companies that own cryptocurrencies,” the bank said…
Bitcoin BTC$87,846.01 reversed gains made earlier in Asia, puncturing nascent recovery rallies in major alternative cryptocurrencies. The leading cryptocurrency by market value dropped below $88,000, having peeped above $90,000, CoinDesk data show. Major altcoins including XRP$1.8798, ether ETH$2,968.39, solana SOL$125.79 and DOGE$0.1255 also retraced their adances. The CoinDesk 20 Index (CD20) pulled back to 2,726,…
Interest in silver is spilling into tokenized markets, with onchain trading volumes rising in parallel with activity in futures and exchange-traded funds (ETFs) as the metal experiences volatility after hitting successive record highs all month. Data from RWA.xyz shows the monthly transfer volume for its tokenized version of the iShares Silver Trust (SLV) has jumped…
Ripple-linked payments token XRP and smart-contract platform ADA$0.3767 must demonstrate genuine utility beyond loyal communities as the cryptocurrency market matures from hype-driven narratives to fundamentals-focused assets, Galaxy Digital Founder and CEO Mike Novogratz said in a recent interview. “Can Ripple hold it together? Can Cardano hold it together?” Novogratz said during a conversation with Galaxy’s…
The People’s Bank of China (PBOC) will launch a new digital yuan framework on Jan. 1, letting commercial banks pay interest on holdings in a move to incentivize broader adoption of the central bank digital currency. The so-called “action plan” will shift the digital yuan (e-CNY) from its current role as digital cash to digital…
Bitcoin BTC$87,642.00 rose on Monday as dampened hopes of a Russia-Ukraine peace deal pushed oil prices higher. BTC, the leading cryptocurrency by market value, jumped over 2% to trade above $90,000, bringing cheer to the broader market. Major alternative cryptocurrencies such as ether ETH$2,936.15, XRP$1.8778 and solana SOL$124.01 gained 3% or more, according to data…
Coinbase CEO Brian Armstrong has claimed Bitcoin provides healthy competition for the US dollar, which in turn pressures policymakers to maintain fiscal discipline and helps preserve the US dollar’s dominance. “[Bitcoin] provides a check and balance on the dollar in the sense of if there’s too much deficit spending or inflation in the US, people…
