Bitcoin News in Philippines

PANews reported on December 10th that, according to OKX market data, BTC has just fallen below $92,000 and is currently trading at $91,926.70 per coin, down 0.84% ​​on the day.

PANews reported on December 10th that, according to Solid Intel monitoring, just minutes ago, BlackRock's Bitcoin spot ETF IBIT transferred a total of 2,100 BTC to Coinbase Prime, valued at approximately $193.9 million at the current price. The transfer was divided into seven transactions, each containing 300 BTC.

The post Wallets tied to Silk Road move $3.14M BTC to unknown address appeared on BitcoinEthereumNews.com. Over 300 Bitcoin wallets linked to the now-defunct darknet marketplace Silk Road went active on Tuesday, transferring millions of dollars worth of Bitcoin to an unidentified address.  According to data from blockchain analytics firm Arkham Intelligence, around 312 wallets associated with Silk Road collectively sent over $3.1 million worth of Bitcoins to the address “bc1q…ga54.”  The address has received a total of 33.73706370 BTC, which equates to roughly $3.14 million at current prices, although it has yet to send any Bitcoin onward, leaving the full sum untouched at present. The sudden activity from wallets dormant for more than ten years was identified by anonymous Plasma developer going by the username Googly on X, but as of now, the reason behind the transfers is unclear. Arkham Intelligence notes that Silk Road-linked wallets still hold an estimated $38.5 million in Bitcoin. Silk Road wallets move Bitcoin for the second time in 2025 Silk Road, shut down by the FBI in 2013, was infamous for facilitating the sale of illegal goods using Bitcoin through the dark web. Founder Ross Ulbricht was convicted in connection with the marketplace, though he was later pardoned by President Donald Trump in late January this year.  “I just called the mother of Ross William Ulbricht to let her know that in honor of her and the Libertarian Movement, which supported me so strongly, it was my pleasure to have just signed a full and unconditional pardon of her son, Ross,” Trump posted on his app Truth Social. Coinbase Director Conor Grogan had been tracking the existence of Silk Road wallets that were untouched by authorities at the time of Ulbricht’s pardon. Through a thread on social platform X, Grogan mentioned he identified roughly $47 million worth of Bitcoins linked to Ulbricht that had been securely stashed for over…

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Crypto Markets Today: Fed Rate-Cut

The post Bitcoin (BTC) Gains Amid Fed Rate-Cut Bets as Weak U.S. Jobs Data and Rising Credit Use Shape Risk Asset Outlook appeared on BitcoinEthereumNews.com. COINOTAG News reports that after softer U.S. labor data, markets price in a Fed rate cut today. The quit rate sits around 1.8%, the lowest since 2020, while the layoff rate nears a three-year high, signaling easing wage pressure. This dynamic is a key driver for Bitcoin and other risk assets, as investors await policy signals. Consumers are increasingly relying on credit amid a slowing macro backdrop, with CPI readings hovering near but above target, complicating the growth trajectory for markets. Meanwhile, U.S. credit card debt has surpassed $1.2 trillion, with average APRs above 20%. Household finances are tightening, elevating macro risk for crypto exposure. For traders, the setup calls for cautious positioning: a potential rate cut may provide price support, but fragile growth and stretched budgets could magnify shocks across risk assets. Source: https://en.coinotag.com/breakingnews/bitcoin-btc-gains-amid-fed-rate-cut-bets-as-weak-u-s-jobs-data-and-rising-credit-use-shape-risk-asset-outlook

Over 300 Bitcoin wallets linked to the now-defunct darknet marketplace Silk Road went active on Tuesday, transferring millions of dollars worth of Bitcoin to an unidentified address.  According to data from blockchain analytics firm Arkham Intelligence, around 312 wallets associated with Silk Road collectively sent over $3.1 million worth of Bitcoins to the address “bc1q…ga54.”  […]

Bitcoin ($BTC) stays above $92K with rising volume as traders are eyeing the upcoming FOMC decision that could fuel a potential push toward $100K.

The post Bitcoin Dominance Fades as Altcoins Lead Market Rotation Fueled by Fresh Liquidity and Stablecoin Inflows appeared on BitcoinEthereumNews.com. COINOTAG News reported on December 10 that Bitcoin dominance is easing as fresh liquidity re-enters the market, a development that often precedes a leadership shift toward altcoins. A fresh signal from 10x Research points to a potential transition after a BTC-led phase that has persisted for months. The ongoing stablecoins inflow is quietly rebuilding the risk appetite base, even as aggregate trading volume remains below cycle peaks. This backdrop supports a more measured rotation as investors reallocate into riskiest assets with improving conviction. Early signs show spot trading driving a rebound in select tokens, while perpetual contracts activity lags as overleveraged bets unwind. The current rotation appears steadier than prior false starts, implying a healthier market dynamic. If the pullback proves durable, the standout performers may be those with quiet accumulation and solid fundamentals rather than the loudest hype. Source: https://en.coinotag.com/breakingnews/bitcoin-dominance-fades-as-altcoins-lead-market-rotation-fueled-by-fresh-liquidity-and-stablecoin-inflows

The total crypto market capitalization soared to roughly $3.26 trillion.

The Bitcoin price jumped 2.7% in the past 24 hours to trade at $92,880 as of 2:32 a.m. EST on trading volume that rose 17% [...]