All articles tagged with #bitcoin price
Bitcoin surged more than 5% to around $75,000 after a wave of leveraged short liquidations, with the move aided by macro pressures from oil and Fed-rate-cut expectations, and bolstered by Strategy STRC's ATM program driving heavy BTC buying.
Bitcoin surged about 7.7% in the last 24 hours, helping lift the total crypto market cap around 7.5%, as investors tilt bullish after President Trump's State of the Union address and as Bitcoin developers discuss upgrades to improve programmability, security and scalability. On-chain activity, including active addresses and daily transactions, has picked up, supporting the rally beyond mere sentiment.
US stock futures are mixed amid a recent sell-off driven by high valuations, with AMD reporting strong earnings but facing profit concerns, and Novo Nordisk lowering its profit outlook. The US Supreme Court is set to hear arguments on Trump's tariffs, and Bitcoin briefly fell below $100,000 amid broader crypto declines.
Bitcoin price remains range bound below $43,000 despite the approval of BTC ETFs, with SEC Commissioner Hester Peirce noting that the regulator's different treatment of a BTC ETP likely generated fanfare surrounding the approval. The SEC vs Ripple lawsuit ruling states that XRP's classification as a security depends on the transaction, affecting Ripple's legal battle against the SEC and the implications for the broader crypto industry. The ruling offers a partial win for both Ripple and the SEC, but it remains unclear if it will set precedent for other open cases affecting digital assets, and the SEC's stance toward crypto assets is unlikely to change significantly after the ruling.
The Federal Reserve's recent policy decision has reignited discussions about its influence on the price of bitcoin, as market participants speculate on the potential impact of the central bank's actions on the cryptocurrency.