Today’s Crypto Highlights: Hong Kong Bitcoin Proposal, Malware Scams, and MicroStrategy’s Moves
Hong Kong Lawmaker Advocates Adding Bitcoin to National Reserves A member of Hong Kong’s Legislative Council, Wu Jiexhuang, has proposed incorporating Bitcoin into the region’s national reserves for enhanced financial security. Leveraging the “one country, two systems” policy, Jiexhuang suggests Hong Kong can study the market impact of U.S.-based spot
As altcoin investors evaluate market trends, the price of bitcoin declines.
Bitcoin (BTC) price experienced a significant drop to $93,000 within the last 24 hours, alongside altcoins reaching new lows. Since the last Federal Reserve meeting, the situation has not been favorable for cryptocurrency investors. The excitement from the election victory has faded, and Powell’s statements have introduced a prevailing fear in the markets. What is
MicroStrategy Acquires 2,138 Bitcoin, Strengthens $41.5B Crypto Holdings
MicroStrategy, a leader in business intelligence and a major Bitcoin investor, has added 2,138 Bitcoin to its portfolio in a $209 million purchase. The company’s holdings now total 446,400 BTC, valued at approximately $41.5 billion based on current market prices. The announcement, made on 30 December, detailed that the coins
XRP Leads Crypto Losses Amid Strong Dollar Pressure
The cryptocurrency market experienced a sharp downturn as the US dollar strengthened, impacting both traditional and digital assets. XRP spearheaded the decline, sinking over 5% in 24 hours, with major tokens like Bitcoin (BTC), Ether (ETH), and Solana (SOL) also suffering losses. XRP and Marketwide Losses XRP saw the steepest
Crypto Market Cools Down: Trading Volume Plummets 64%
The 2024 crypto market appears to have run out of steam, with market activity dropping sharply. A confluence of seasonal trends, reduced retail interest, and volatile trading has brought trading volumes to their lowest in seven weeks. Trading Volumes Sink Amid Volatility Recent data from Santiment reveals a significant 64%
Bitcoin Eyes Yearly Close as Q4 Gains Surpass 50% Amid Liquidity ‘Games’
Bitcoin’s Price Climbs Towards $95K Bitcoin (BTC) is trading near the $95,000 mark as it approaches the end of December, with traders observing liquidity “games” influencing the market across exchange order books. Despite recent downside volatility during the final Wall Street trading session of the week, Bitcoin has managed to
Do Kwon Extradited to US Over $40 Billion Crypto Collapse
South Korean cryptocurrency entrepreneur Do Kwon, the co-founder of Terraform Labs, is set to be extradited to the United States from Montenegro. This follows a court ruling and months of legal battles after the collapse of his two digital tokens, TerraUSD and Luna, which wiped out approximately $40 billion (£31.7
Top Cryptocurrencies to Watch for the 2025 Golden Bull Run
As anticipation for the 2025 “Golden Bull Run” builds, crypto enthusiasts and analysts alike are eyeing a parabolic rise in prices. With Bitcoin (BTC) potentially hitting $200,000 and altcoins gaining prominence, the stage is set for a transformative period in the crypto market. Here are the top cryptocurrencies to consider
Bitcoin Surges Beyond $97K Despite $14B Options Expiry, Eyes $110K in January
Bitcoin remains resilient as the year ends, defying a major options expiry event that could have triggered a significant market correction. Bitcoin (BTC) showcased impressive resilience following the year’s final options expiry on 27 December, avoiding a feared price drop below $85,000. Over $14.2 billion worth of Bitcoin options expired
Trump’s Crypto Revival Challenges EU’s New Digital Asset Rules
The US is positioning itself as a global crypto hub under Donald Trump’s leadership, creating fresh challenges for Europe’s regulatory efforts. With the EU’s landmark Markets in Crypto-Assets Regulation (MiCA) set to take effect on December 30, industry executives warn of a migration of crypto activity from Europe to the
