Crypto News

The post BTC Price Skyrockets Above $94,000 appeared on BitcoinEthereumNews.com. In a stunning display of market strength, the BTC price has shattered a significant barrier, soaring above $94,000. According to live data from Bitcoin World, Bitcoin is currently trading at $94,077.71 on the Binance USDT market. This remarkable rally is capturing the attention of investors worldwide and signaling a potentially powerful new phase for the flagship cryptocurrency. What’s Driving the Remarkable BTC Price Rally? The surge past $94,000 isn’t happening in a vacuum. Several key factors are converging to fuel this upward momentum. First, increasing institutional adoption is providing a solid foundation of demand. Moreover, recent macroeconomic developments, such as shifting monetary policy expectations, are making hard assets like Bitcoin more attractive to a broader audience. Therefore, this price movement reflects a growing consensus about Bitcoin’s long-term value proposition. The market is responding to a combination of scarcity, utility, and its evolving role as a digital store of value. Key Levels and Market Sentiment for Bitcoin Breaking through the $94,000 level is a major psychological milestone. Traders often watch these round numbers closely. The current BTC price action suggests strong bullish sentiment, but what should investors watch next? Resistance and Support: The next key resistance level to watch is around $95,500. On the downside, $92,000 now acts as a crucial support zone. Trading Volume: Sustained high volume confirms the strength of this move and differentiates it from a short-lived spike. Market Dominance: Bitcoin’s rising dominance often leads the overall crypto market, setting the tone for altcoins. Actionable Insights for Crypto Investors When the BTC price makes such a decisive move, it’s crucial to have a plan. Here are some practical considerations. First, avoid making decisions based solely on emotion or fear of missing out. A disciplined strategy is your best ally in a volatile market. Consider these steps: Review Your…

The post Franklin Breaks Past BTC and ETH Walls With XRP and SOL Driving ETF Expansion appeared on BitcoinEthereumNews.com. Franklin Templeton expanded its crypto ETF beyond bitcoin and ether by adding XRP and solana alongside other major tokens, signaling a shift toward broader market exposure and rising demand for assets tied to real-world utility and diversified blockchain use cases. Franklin Crypto Index ETF Expands Asset Mix Franklin Templeton announced on Dec. 2 that its […] Source: https://news.bitcoin.com/franklin-breaks-past-btc-and-eth-walls-with-xrp-and-sol-driving-etf-expansion/

Bitcoin price started a fresh increase above $92,000. BTC is now testing the key barrier at $94,000 and might attempt an upside break. Bitcoin started a fresh increase above the $92,000 zone. The price is trading above $91,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $94,000 zone. Bitcoin Price Extends Gains Bitcoin price managed to stay above the $88,000 zone and started a fresh increase. BTC gained strength for a move above the $88,800 and $92,000 levels. There was a clear move above the $92,500 resistance. A high was formed at $94,050 and the price is now testing an important barrier. It is still above the 23.6% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high. Bitcoin is now trading above $92,500 and the 100 hourly Simple moving average. Besides, there is a bullish trend line forming with support at $92,000 on the hourly chart of the BTC/USD pair. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $94,000 level. The first key resistance is near the $94,200 level. The next resistance could be $95,000. A close above the $95,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,850 resistance. Any more gains might send the price toward the $96,500 level. The next barrier for the bulls could be $97,200 and $98,000. Downside Correction In BTC? If Bitcoin fails to rise above the $94,000 resistance zone, it could start another decline. Immediate support is near the $92,000 level and the trend line. The first major support is near the $91,200 level. The next support is now near the $88,850 zone or the 50% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high. Any more losses might send the price toward the $87,500 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $92,000, followed by $91,200. Major Resistance Levels – $94,000 and $95,000.

The post Russian Prosecutors May Seize Assets from Official Linked to Bitcoin Bribes appeared on BitcoinEthereumNews.com. The Georgy Satyukov crypto bribes case involves a former Russian Ministry of Internal Affairs official accused of accepting $184 million in Bitcoin and $30 million in Ethereum from the WEX exchange operators. Prosecutors seek to seize over 2.1 billion rubles in assets, including luxury properties and vehicles, for the state treasury. Georgy Satyukov allegedly received massive cryptocurrency bribes while heading a financial fraud investigation unit from 2019 to 2021. Assets targeted for seizure include 13 apartments, commercial properties, a UAE villa, luxury cars, and high-end watches worth millions. The scandal ties back to the collapsed WEX exchange, successor to BTC-e, which lost $450 million in user funds amid allegations of money laundering. Discover the Georgy Satyukov crypto bribes scandal: How a Russian official amassed luxury assets via Bitcoin and Ethereum payoffs from WEX. Uncover the facts and implications for crypto regulation. Read now for expert insights. What Are the Georgy Satyukov Crypto Bribes? Georgy Satyukov crypto bribes refer to allegations against a former Russian Ministry of Internal Affairs official who accepted substantial cryptocurrency payments in exchange for protecting illicit activities. Between 2019 and 2021, Satyukov, while leading a secretive department focused on financial fraud and cybercrime, reportedly received $184 million in Bitcoin and $30 million in Ethereum from operators of the now-defunct WEX exchange. These bribes allegedly enabled the exchange to operate without interference despite its involvement in money laundering and fraud. What Is the Connection to the WEX Exchange Scandal? The WEX exchange scandal forms the core of the Georgy Satyukov crypto bribes case, linking a collapsed cryptocurrency platform to high-level corruption in Russian law enforcement. WEX emerged in September 2017 as the successor to BTC-e, a major Bitcoin exchange that handled about 3% of global volume by 2015 but was shut down by the U.S. Justice Department in…

The post Bitcoin (BTC USD) Price: Bullish Expectations Vs. Downside Risk appeared on BitcoinEthereumNews.com. Key Insights Rising Coinbase premium index signals market shift for Bitcoin (BTC USD) price, alongside improving Binance liquidity. Whales hesitate to enter the market as Japanese government bonds dumping raises alarm on another Yen-induced liquidity drain. Bitcoin price registers a sharp bounce back after an initial dip earlier this week. Bitcoin (BTC USD) price has been increasingly leaning in favor of the bulls lately. A refreshing change from the bearish sentiment that prevailed over the last few weeks, but this has investors wondering whether a deeper recovery is in sight. Recent market data revealed some interesting changes that may offer insights into Bitcoin price potential in the coming weeks or months. For starters, the Bitcoin Coinbase Premium index recently adopted a steep vertical, and has even switched back to positive. Bitcoin (BTC USD) Coinbase premium index/ source: CryptoQuant The Coinbase premium index previously maintained an overall downtrend in November. Moreover, it dipped into negative territory on multiple occasions between August and September. The Bitcoin Coinbase premium index’s return to positive territory may signal the return of institutional investment. This data also aligned with other liquidity metrics such as spot and perpetual contract volumes on Binance. These data points highlighted improving liquidity conditions after the November crash. In other words, market conditions are aligning in favor of recovery. However, the situation in the bond market suggests that the coast may not be clear for the bulls. Bitcoin Whales Hesitate Despite Rising Sentiment Although the Coinbase premium index signals the return of institutional interest, the prevailing demand remained weak. This was evident in Bitcoin ETF inflows, which have continuously favored inflows since 25 November. However, daily inflows remained relatively low. The weak institutional flows may suggest that investors adopted a cautiously optimistic approach to the latest bearish retreat. Whale shared similar sentiments,…

The post Gary Gensler Labels All Crypto Except Bitcoin Highly Volatile appeared on BitcoinEthereumNews.com. Former US Securities and Exchange Commission Chair Gary Gensler renewed his warning to investors about the risks of cryptocurrencies, calling most of the market “highly speculative” in a new Bloomberg interview on Tuesday. He carved out Bitcoin (BTC) as comparatively closer to a commodity while stressing that most tokens don’t offer “a dividend” or “usual returns.” Gensler framed the current market backdrop as a reckoning consistent with warnings he made while in office that the global public’s fascination with cryptocurrencies doesn’t equate to fundamentals. “All the thousands of other tokens, not the stablecoins that are backed by US dollars, but all the thousands of other tokens, you have to ask yourself, what are the fundamentals? What’s underlying it… The investing public just needs to be aware of those risks,” he said. Gensler’s record and industry backlash Gensler led the SEC from April 17, 2021, to Jan. 20, 2025, overseeing an aggressive enforcement agenda that included lawsuits against major crypto intermediaries and the view that many tokens are unregistered securities. Related: House Republicans to probe Gary Gensler’s deleted texts The industry winced at high‑profile actions against exchanges and staking programs, as well as the posture that most token issuers fell afoul of registration rules. Gary Gensler labels crypto as “highly speculative.” Source: Bloomberg Under Gensler’s tenure, Coinbase was sued by the SEC for operating as an unregistered exchange, broker and clearing agency, and for offering an unregistered staking-as-a-service program. Kraken was also forced to shut its US staking program and pay a $30 million penalty. The politicization of crypto Pushed on the politicization of crypto, including references to the Trump family’s crypto involvement by the Bloomberg interviewer, the former chair rejected the framing. “No, I don’t think so,” he said, arguing it’s more about capital markets fairness and “commonsense rules of…

BitcoinWorld Stunning Surge: BTC Price Skyrockets Above $94,000 In a stunning display of market strength, the BTC price has shattered a significant barrier, soaring above $94,000. According to live data from Bitcoin World, Bitcoin is currently trading at $94,077.71 on the Binance USDT market. This remarkable rally is capturing the attention of investors worldwide and signaling a potentially powerful new phase for the […] This post Stunning Surge: BTC Price Skyrockets Above $94,000 first appeared on BitcoinWorld.

The post This $8 Billion Development Could Impact Bitcoin: Michael Saylor Is Trying to Persuade appeared on BitcoinEthereumNews.com. Michael Saylor, Chairman of the Board of Directors of Strategy (MSTR), known for its strategy of accumulating Bitcoin (BTC) reserves through the company’s balance sheet, confirmed that MSCI is holding talks with the organization regarding the possibility of removing the company from the indices. “We are in communication with MSCI throughout this process,” Saylor told Reuters, adding that contacts were ongoing ahead of the critical decision. MSCI is considering a policy to exclude companies whose business models rely heavily on cryptocurrency acquisitions from its indexes, arguing they resemble mutual funds. The decision is expected to be announced by January 15. According to JP Morgan, Strategy’s removal from the MSCI USA and MSCI World indexes could lead to outflows of up to $8.8 billion if other index providers follow suit. Saylor, however, argues that these expectations are exaggerated: “I don’t think it makes any difference,” said the famous CEO, adding that JP Morgan’s fund outflow projections may not be accurate. Bitcoin’s steepest monthly decline since mid-2021 in November directly impacted Strategy, whose balance sheet is heavily reliant on Bitcoin. Earlier this week, the company sharply revised down its year-end profit forecast, announcing a potential loss of up to $5.5 billion. A month earlier, the company had forecast a profit of $24 billion. Saylor noted that Strategy is inherently vulnerable to volatility: “The stock will naturally be volatile because the company is built on amplified Bitcoin. If Bitcoin falls by 30-40%, the stock will fall even more. That’s the nature of this structure.” Saylor also argued that the company operates with 1.11 leverage and is capable of withstanding even a 95% crash in Bitcoin’s price. Strategy’s inclusion in indices was a key driver of demand for its stock, particularly through MSCI-based ETFs and other passive investment vehicles. A potential delisting could raise…

The post Macro Forces Drive Bitcoin Price Recovery For $100,000 Breakout  appeared on BitcoinEthereumNews.com. The Bitcoin price is 2% short of challenging the key resistance trendline of the falling channel pattern. Macroeconomic indicators, including a halt in quantitative tightening and a drop in ADP employment numbers, are bolstering market expectations for a 25-basis-point rate cut in December. The daily Relative Strength Index (RSI) has returned to 48%, indicating a neutral sentiment in the market The pioneer cryptocurrency Bitcoin jumped 2.53% during Wednesday’s U.S. market session to trade at $93,626. The buying pressure is likely to accelerate, along with investors’ expectations for a potential rate cut during the December FOMC meeting, after a surprise decline in the ADP Employment Report. The rising Bitcoin price is poised for a potential breakout from the key resistance trendline, signalling an opportunity for continued recovery ahead. BTC Rebounds on Fed Liquidity Shift as Weak Jobs Data Fuels Rate-Cut Bet In the last two days, the Bitcoin price witnessed a sharp rebound from $86,190 to $93,486, registering an 8.45% jump. The upswing was initiated as the Federal Reserve halted quantitative tightening on December 1 and began expanding liquidity, reversing a 2025 policy that drained $3.2T from markets. Momentum continued into the current day after the release of the ADP Employment Report, which revealed an unexpected drop of 32,000 positions in the private workforce for November 2025. This number was well below predictions that called for an addition of 10,000 jobs. Data from ADP itself supported this downturn, and a chart from Bloomberg showed the precipitous decline in the context of slowing employment growth that has been ongoing since the middle of 2025. Such underwhelming employment figures have strengthened expectations around adjustments in Federal Reserve policy. Financial markets are currently pricing in an 89% chance of a quarter-point cut in interest rates at the Federal Open Market Committee meeting scheduled for…

The post Bitcoin Price Prediction: $120K In December If This Streak Continues appeared on BitcoinEthereumNews.com. Key Insights An analyst has fueled optimism with a latest Bitcoin price prediction of $120,000. BTC USD price jumped nearly 7% to $93,000 from a local low of $84,000. The US Spot Bitcoin ETF has continued its inflow streak for five straight days through December 2. In recent Bitcoin news, BTC USD price recorded a jump of nearly 7% and soared past the brief $93,000 mark amid a recovery in the broader crypto market. This has also triggered a bullish Bitcoin price prediction, with some even calling a potential surge to $120,000 or even higher in the near term. It’s worth noting that the experts have cited a flurry of factors behind the recent rally in the price of Bitcoin. For context, the sustained institutional interest, as evidenced by the ongoing inflow into the US Spot Bitcoin ETF, could have helped gains in the asset. In addition, Bank of America recently advised market participants to allocate 4% into the digital assets space. On the other hand, the leading investment adviser Vanguard has included the crypto ETFs for Bitcoin, XRP, Solana, Ethereum, and others, which further bolstered market confidence. Considering all these aspects, the future of BTC USD looks bullish for December. In addition, a likely Fed rate cut later this month could also help gain in the flagship crypto, while aiding the bullish Bitcoin price prediction to come true. BTC USD Soars to $93K As Bitcoin ETF Regains Momentum A latest Bitcoin price prediction, based on the technical trends, hints at a likely rally to $120,000 and beyond for the crypto. Notably, this comes as BTC USD price recorded a jump of around 7% and exchanged hands near the brief $93,000 mark. Bitcoin started the month on a low note, crashing to $84,000 before a rebound from yesterday. During writing,…