Crypto Market Tumbles as Bitcoin ETF Outflows Hit Record High
The cryptocurrency market extends its decline for the third day, with Bitcoin falling to $91,300 amid massive ETF outflows and macroeconomic concerns. Over 130,000 traders faced liquidations totaling $404 million as the total crypto market cap dropped 4.4% to $3.38 trillion.
Treasury Yields Pressure Bitcoin Below $97,000 as Economic Data Impacts Risk Assets
Bitcoin retreated from its $102,000 peak as strong U.S. services sector data pushed Treasury yields higher, dampening appetite for risk assets. The leading cryptocurrency's sensitivity to economic indicators and Fed policy continues to influence market dynamics, despite optimism around institutional adoption.
DOJ Set to Liquidate $6.5B in Seized Silk Road Bitcoin
The U.S. Department of Justice received approval to sell 69,370 bitcoins worth $6.5B seized from the Silk Road dark web marketplace. The planned sale, citing Bitcoin's volatility, represents a significant portion of the government's crypto holdings and comes amid speculation over its timing relative to the 2024 election.
Bhutan's Gelephu City Pioneers Government Crypto Reserves with Bitcoin and Ethereum
Gelephu Mindfulness City announces groundbreaking plans to include Bitcoin, Ethereum, and BNB in its strategic reserves, marking a significant step in government-level cryptocurrency adoption. The initiative builds on Bhutan's existing $1.12B Bitcoin holdings and aims to establish the region as South Asia's digital innovation hub.
Oklahoma Senator Introduces Groundbreaking Bitcoin Payment Legislation
Oklahoma State Senator proposes the Bitcoin Freedom Act, enabling voluntary Bitcoin adoption for wages and payments across the state. The legislation aims to provide financial sovereignty while opposing CBDCs, building on the state's existing support for cryptocurrency innovation.
Thailand Launches Bitcoin Payment Trial in Tourist Paradise Phuket
Thailand introduces groundbreaking cryptocurrency pilot program in Phuket, enabling international tourists to make Bitcoin payments at local businesses. The initiative includes automatic conversion to Thai baht through clearing houses, building on existing crypto adoption success in the country's 'Bitcoin town'.
Microsoft's Historic $20B Bitcoin Investment Signals New Era for Crypto Adoption
Microsoft Corporation has made waves with an unprecedented $20 billion Bitcoin investment, marking the largest cryptocurrency purchase by a major tech company to date. The strategic move, aimed at enhancing blockchain initiatives, sent Bitcoin prices soaring and could trigger wider institutional adoption.
Bernstein's Bold Vision: Bitcoin to Hit $200K as Crypto Goes Mainstream in 2025
Leading brokerage firm Bernstein forecasts Bitcoin reaching $200,000 and Ethereum's resurgence by 2025, driven by institutional adoption and regulatory clarity. The analysis predicts massive growth in corporate crypto investments, ETF assets, and stablecoin market capitalization as digital assets become embedded in mainstream finance.
Coinbase Premium Index Turns Positive, Signaling Renewed US Bitcoin Demand
The Coinbase Premium Index has flipped positive for the first time in 2025, indicating growing US institutional interest in Bitcoin as prices surge above $102,000. This key market indicator's reversal from recent lows coincides with substantial BTC outflows and technical breakout signals, suggesting sustained bullish momentum.
Canaan Unveils Dual-Purpose Bitcoin Mining Heaters at CES 2025
Canaan introduces innovative Bitcoin mining devices that double as home heating systems at CES 2025. The Avalon Mini 3 and Nano 3S combine crypto mining capabilities with practical utility, offering an energy-efficient solution for home-based mining while addressing accessibility concerns.