Historic Crypto Crash: Bitcoin Plummets Below $95K, Wiping Out $1.7B in Leveraged Trades
A massive cryptocurrency market correction has triggered $1.7 billion in liquidations, sending Bitcoin tumbling from $100K to $94K. The selloff was sparked by Bhutan's Bitcoin transfers and concerns over Google's new quantum chip, though experts maintain crypto security remains robust.
Amazon Shareholders Push for 5% Bitcoin Investment to Combat Inflation
Amazon shareholders are urging the e-commerce giant to allocate 5% of its $585 billion assets to Bitcoin as an inflation hedge. The proposal follows Bitcoin's $100,000 milestone and cites MicroStrategy's 537% stock outperformance after adding Bitcoin to its treasury.
MicroStrategy's Bold Move: Acquires $2.1B in Bitcoin, Now Holds Over 2% of Total Supply
Business intelligence giant MicroStrategy expands its Bitcoin dominance with a massive 21,550 BTC purchase, bringing its total holdings to 423,650 BTC. CEO Michael Saylor remains bullish despite Bitcoin's surge past $100,000, vowing to continue 'buying the top forever.'
Google's Quantum Breakthrough: No Immediate Threat to Bitcoin's Security
Google unveils Willow, a revolutionary quantum computing chip capable of solving complex calculations in minutes that would take conventional supercomputers quadrillions of years. Despite the breakthrough, experts assert Bitcoin's encryption remains secure as quantum computers would need millions more qubits to pose a threat.
Swiss Crypto Firm 21Shares Predicts Bitcoin Reserve Adoption and Ethereum Growth by 2025
21Shares forecasts crypto ETPs reaching $150B in assets by 2025, with another nation likely adopting Bitcoin as reserve currency. The Swiss firm also projects Ethereum's strong comeback through layer 2 integrations, while highlighting increasing stablecoin adoption across traditional finance.
Bitcoin's $100K Milestone Sparks XRP Rally and Whale Activity Concerns
As Bitcoin surpasses $100,000, XRP experiences a 51% weekly gain amid increased whale accumulation on Coinbase. Market analysts maintain cautious optimism while monitoring potential profit-taking scenarios from large XRP holders.
Gold Advocate Peter Schiff Denounces Bitcoin as National Security Threat
Euro Pacific Funds chief Peter Schiff escalates his criticism of Bitcoin, labeling it a national security threat amid discussions of government-held reserves. His concerns focus on potential misuse of public funds for Bitcoin purchases, despite the cryptocurrency's recent surge past $100,000.
Bitcoin Price Could Surge to $112,000 Before Christmas, Claims Analyst Who Predicted 2021 Crash
Renowned crypto analyst Dave the Wave forecasts Bitcoin could reach $112,000 by December 25th, following patterns similar to the 2021 bull market. The analyst, who correctly predicted the previous market collapse, also suggests altcoins may strengthen as Bitcoin dominance weakens.
Crypto Payment Adoption Surges: 25% of Business Owners Consider Cryptocurrency Loans
A new survey reveals growing acceptance of cryptocurrency in business, with 25% of entrepreneurs favoring crypto loans and 30% of employees open to crypto salaries. Generation Z leads adoption trends, while Bitcoin emerges as the preferred digital currency for payments.
Trump's Bitcoin Tax Reform: A Game-Changing Proposal for Cryptocurrency Adoption
The cryptocurrency community urges Donald Trump to pledge eliminating capital gains taxes on Bitcoin if elected in 2024. This bold policy shift could revolutionize digital asset adoption in the US while attracting investment and innovation, though critics warn of potential revenue losses.