Bitcoin made new weekly highs above $93,000 despite a delay in the CLARITY Act legislation by US lawmakers. Can BTC hold its gains without a surge in ETF flows and retail investor demand? Bitcoin’s (BTC) price made a new weekly high of $93,500 on Jan. 13 as lawmakers pushed back deliberations on the long-awaited CLARITY Act, a bill designed to define crypto market structure in the United States. Key takeaways: Bitcoin continues to rally despite the CLARITY Act markup being pushed to late January. Read more
Why regulation favors stablecoins over Bitcoin for salaries and how compliance, volatility and payroll rules are shaping crypto wage adoption worldwide. Crypto payroll refers to paying employee salaries using blockchain-based digital currencies. Employers may use crypto payroll instead of traditional fiat currency or alongside it. You can set up crypto payroll in several ways: Read more
Bitcoin sought new weekly highs as US CPI numbers came in below expectations and President Donald Trump called for more interest-rate cuts. Bitcoin (BTC) eyed one-week highs at Tuesday’s Wall Street open as markets surged on low US inflation data. Key points: Bitcoin approaches $93,000 and a “huge” resistance wall on the back of positive US inflation trends. Read more
The 21Shares Bitcoin Gold ETP allocates two-thirds to gold and one-third to Bitcoin and trades in pounds sterling and dollars on the London Stock Exchange. 21Shares, a major global exchange-traded product (ETP) provider, has expanded access to its investment product that combines exposure to Bitcoin and gold. The 21Shares Bitcoin Gold ETP (BOLD), which tracks both Bitcoin (BTC) and gold, debuted trading on the London Stock Exchange (LSE) on Tuesday, according to an announcement. “Now that retail investors in the UK have access to crypto ETPs, 21Shares is dedicated to delivering a wider selection of innovative regulated products,” 21Shares CEO Russell Barlow said. Read more
Bitcoin rallied to $92,000 as Federal Reserve chair Jerome Powell spoke about a potential DOJ investigation into the Fed. Will BTC's strength hold? Key takeaways: Institutional investors selling Bitcoin is visible through the Bitcoin ETFs recording $1.38 billion in net outflows across four trading sessions. BTC futures data shows a neutral 5% basis rate, well below the 10% level that typically defines a true bullish breakout. Read more
Several blockchain analysts said they were unable to verify whether the Latin American nation held $60 billion in the cryptocurrency. Paul Atkins, chair of the US Securities and Exchange Commission (SEC), didn’t rule out the possibility of authorities seizing Venezuela’s reported Bitcoin holdings after US forces unseated and captured the country’s president. In a Monday interview with Fox Business’ Stuart Varney, Atkins responded to reports claiming that Venezuela holds up to $60 billion worth of Bitcoin (BTC), though several analysts said they were unable to verify these claims. The SEC chair said it “remains to be seen” what action, if any, the US would take if it had the opportunity to seize the reported 600,000 BTC. “I leave that to others in the administration to deal with — I’m not involved in that,” said Atkins in response to a question on whether the US would “take those Bitcoin off ‘em.” Read more
Bitcoin whales sold $286 million of BTC in January, but a slowdown in the distribution and accelerating bullish momentum could send BTC to $100,000 before the end of the month. Bitcoin (BTC) onchain data shows BTC whales are active as the price attempts to extend its breakout from the $90,000 level. Key takeaways Bitcoin whale spending surged to $286 million, the largest spike since early November. Read more
Bitcoin failed to become investors' choice as the debasement trade, as BTC price action slumps while gold and silver hit repeat all-time highs, said analysis. Bitcoin (BTC) is looking like the loser versus gold as precious metals top new all-time highs Monday. Key points: Bitcoin is not the debasement trade after years of losses against gold, analysis concludes. Read more
ETH price could rally 95% versus Bitcoin if a decisive breakout above the key 0.042 BTC neckline confirms a bullish reversal. Key takeaways: ETH/BTC eyes a 95% upside toward 0.066 BTC if it breaks above the key 0.042 BTC neckline. A bear pennant breakdown toward 0.024–0.025 BTC would negate the reversal setup. Read more
Strategy added 13,627 Bitcoin in a $1.25 billion purchase last week, extending its lead as the world’s largest corporate BTC holder despite recent paper losses. Corporate Bitcoin investor Strategy added another 13,627 Bitcoin to its balance sheet last week, spending $1.25 billion as it continues accumulating Bitcoin early in the year. The purchase marks the company’s biggest BTC buy since July. In a Form 9-K filing with the United States Securities and Exchange Commission, the company disclosed on Monday that its Bitcoin (BTC) stash has reached a total of 687,410 BTC, acquired at an aggregate cost of about $51.8 billion. The latest batch of BTC was bought at an average price of $91,519 per coin, well above Strategy’s total average cost basis of $75,353. Read more