Theme Bitcoin (BTC)

Amidst the upheavals of the crypto market, a wisdom awakens: the lows extend, and opportunities whisper to the bold.

The crypto sector has just crossed a significant milestone with the announcement from Riot Platforms, a major player in Bitcoin mining. Indeed, the company aims to raise 500 million dollars through a convertible bond issuance. This project comes at a time when the iconic cryptocurrency is approaching its historical highs, generating renewed interest from institutional investors. Thus, this strategy emphasizes Riot Platforms' desire to consolidate its dominant position in a market where competition is intensifying.

Eric Trump, son of American president Donald Trump, recently expressed his belief that traditional banking systems are outdated and that crypto and blockchain technologies will soon surpass them. In a recent interview, Eric Trump highlighted that blockchain technology can perform all the functions of modern banking systems, but in a more efficient, faster, and cost-effective manner.

The crypto market is hit by a new wave of turbulence. In just 24 hours, nearly 760 million dollars were liquidated, including 200 million in just one hour. This brutal movement, a symptom of a constantly bustling market, reflects the vulnerability of leveraged positions to sudden price fluctuations. At the same time, this situation highlights the significant challenges investors must face, balancing risk management and heightened volatility.

At the Bitcoin MENA conference in Abu Dhabi, Changpeng Zhao (CZ), former CEO of Binance, stated that it is "inevitable" for China to establish a strategic reserve of Bitcoin (BTC). CZ emphasized that while China's stance on cryptocurrencies is difficult to predict due to the government's lack of transparency, it is likely that the country is secretly accumulating bitcoins.

Is El Salvador going to abandon its law requiring all businesses to accept bitcoin? That is what the IMF is demanding in exchange for its loans.

This Monday, December 9, 2024, around 3 PM UTC, Bitcoin reached an all-time high of $103,900, fueling hopes for a sustained bull run. However, within a few hours, this momentum was shattered. The price of Bitcoin plummeted dramatically to $98,015, dragging down the entire market of major crypto assets with it. This reversal, far from being trivial, sparked numerous questions among investors. While some hoped for a simple temporary correction, others see it as a negative signal for the future. This situation is accompanied by a climate of increased volatility, exacerbated by massive sell-offs and record liquidations.

This week, Bitcoin (BTC) is at the center of attention in the financial markets as three major economic indicators in the United States could disrupt its trajectory. Since the beginning of the year, the correlation between Bitcoin and U.S. macroeconomic data has intensified, making the cryptocurrency sensitive to global economic fluctuations. As BTC hovers just below the $100,000 mark, these indicators could very well be the catalyst for change.

Amid revolutionary announcements, technological developments, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic conflicts. Here is a summary of the most significant news from the past week concerning Bitcoin, Ethereum, Binance, Solana, and Ripple.

The crypto market is about to experience a turbulent period with the three main cryptocurrencies pointing towards the red. Price forecasts for Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) indicate a possible correction ahead. According to technical indicators, these cryptocurrencies show signs of resistance at key levels, suggesting a potential decline in the days to come.

Corporate treasuries are at a pivotal turning point in the face of global economic instability. Indeed, the National Center for Public Policy Research (NCPPR), an influential think tank based in Washington D.C., has submitted an innovative proposal to Amazon. The organization calls on the online retail giant to invest a portion of its $88 billion in reserves into bitcoin, a cryptocurrency whose value has skyrocketed by 1,246% in five years. By highlighting bitcoin's spectacular performance and its potential as a hedge against monetary erosion, this initiative aims to protect Amazon's asset value amidst high inflation. As this proposal will be discussed at the April 2025 general assembly, it raises significant issues regarding the evolution of major corporations' financial strategies and the growing role of cryptocurrencies in the global economy.

The boldness of a country defying doubt: Bitcoin surpasses $100,000, and El Salvador raises $300 million, smiling in the face of skepticism.

Carried by the winds of liquidity, Bitcoin wavers. The shadow of a storm looms, and traders hold their breath.

The global finance has just reached a decisive milestone with Bitcoin, the most emblematic crypto, which has for the first time surpassed the symbolic threshold of 100,000 dollars. This historic record is set against a backdrop of economic tension marked by a general slowdown of traditional assets like gold, oil, and stock indices. Indeed, unlike these latter, which struggle to show significant gains, Bitcoin continues to assert its resilience and its ability to attract investors. As global liquidity contracts, this breakthrough reflects Bitcoin's growing maturity, as well as its position as a strategic asset in modern portfolios. Analysts, optimistic, anticipate a continuation of this momentum, estimating that the rally could extend until the end of 2025.

Amidst the echoes of media skepticism, bitcoin reaches new heights. Satoshi Nakamoto's dream defies dissenting voices, offering a digital song of hope.

Lawrence Summers, former Treasury Secretary under Clinton, sharply criticized Donald Trump's proposal to create a strategic reserve of bitcoin. This stance comes against the backdrop of an intensifying debate on cryptocurrency regulation within the American political class.

While gold still has fervent supporters, game theory no longer favors it in light of the emergence of Bitcoin as a store of value.

On December 5, the crypto market was struck by an event as sudden as it was spectacular: a staggering drop in bitcoin. In just a few minutes, its price collapsed, leading to colossal losses for investors. This brutal correction comes shortly after the flagship crypto asset first crossed the symbolic threshold of $100,000, even surpassing it with an all-time high of $104,000. Yet, this achievement quickly gave way to a climate of panic in the markets, further exacerbated by massive liquidations of long positions amounting to $303 million.

BlackRock and MARA Holdings purchase 9,173 BTC as Bitcoin drops to $98,000. Discover the reasons behind these purchases.

In a resounding statement, Cathie Wood, CEO of ARK Invest, emphasizes the untapped potential of bitcoin despite its recent historic surpassing of $100,000. The finance visionary compares the soaring trajectory of cryptocurrency to that of giants like Apple and Amazon, suggesting that the best is yet to come.

On December 5, 2024, Tesla could have gained an additional 3 billion dollars if it had held onto its bitcoins instead of selling them at 31,000 dollars. A mistake that Elon Musk's company will not soon forget!

Faced with the growing risks of censorship, WikiLeaks launches a major initiative to preserve Afghan war archives on the Bitcoin blockchain. The Spartacus project, unveiled on December 5, 2024, aims to permanently inscribe more than 70,000 confidential documents on the Bitcoin network.

After the governor of the Bank of France, it is now the turn of the Fed's governor to temper his stance regarding Bitcoin.

In a consolidation context below 98,000 dollars, bitcoin shows signs of short-term weakness. However, derivatives market data reveals persistent trader confidence, suggesting that this phase is only temporary.

On December 5, 2024, Bitcoin (BTC) crossed the symbolic milestone of $100,000 for the first time. However, analysts believe that this consolidation around this level will not last long. According to Nick Forster, bitcoin remains a "meme asset" with "psychological barriers" that attract attention and generate volatility. Should we expect an imminent drop?

On December 5, 2024, Bitcoin reached a historic milestone by hitting a record price of $104,000. This spectacular rise also led to an increase in Bitcoin's dominance in the crypto market, which bounced back to 57%!

Bitcoin has just crossed a historic threshold: 100,000 dollars. More than just a simple number, this is a proclamation, a moment when cryptocurrency moves from a niche dream to a global economic force. Yet, this peak is not just an achievement. It is the beginning of a new story where investor confidence is reshaping the lines of the financial market.

In 2024, the crypto market reaches a key milestone in its development with an unprecedented rise in invested institutional capital. This phenomenon reflects a profound transformation of financial dynamics, driven by a growing adoption of cryptocurrencies in traditional investment portfolios. At the center of this transformation, Binance stands out by consolidating its position as the global market leader among exchange platforms. The staggering growth of average bitcoin deposits on this platform surpasses that of its main competitors, confirming its crucial role.