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MicroStrategy founder Michael Saylor has expressed strong support for President-elect Donald Trump's proposal to establish a strategic Bitcoin reserve. The post Michael Saylor Supports Trump's Strategic Bitcoin Reserve in New Policy Proposal appeared first on Cryptonews.

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There are rumors that Ripple and the SEC will have a closed meeting, which could lead to a significant development in the XRP case. Speculation suggests that the meeting may result in the case being closed or dropped entirely, with answers expected soon.

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Bitcoin (BTC) recorded a mild recovery after falling straight from the $102,000 to $92,000 zone. The biggest crypto has been unable to reclaim the $100K mark even after many recent attempts, which has begun to spread doubt and FOMO among investors.

 

As Bitcoin currently faces a downturn and now seeing a recovery suggesting a preparation for its next bull run, market participants appears to be analyzing trends in exchange leverage and liquidity. Particularly, CryptoQuant has pointed out that leverage ratios on centralized exchanges have become a focal point, offering insights into the potential risks and opportunities shaping the crypto market.

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Michael Saylor, co-founder and chairman of business intelligence firm MicroStrategy, has unveiled a comprehensive crypto framework aimed at further integrating Bitcoin and other digital assets into the US economy.

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XRP, the native cryptocurrency of the Ripple network, has recently broken out of a prolonged 5.5-year consolidation phase, generating optimism in the market about its potential for substantial upward movement. After a strong rally in November, where XRP surged by 283%, the digital asset has faced some challenges, retreating from its high of $2.9 reached on December 3, 2024.

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Michael Saylor, the Executive Chairman of MicroStrategy, has outlined a Bitcoin strategy to position the United States as a global leader in the digital economy.

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Bitcoin rebounds toward $100K, boosting top altcoins BNB, ADA, and AVAX. Key levels to watch as technical setups hint at sharp moves ahead.

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President-elect Donald Trump has said he will sign an executive order to create a Bitcoin reserve on his first day in office. This has left many wondering how it could impact crypto's current four-year boom-bust cycle and lead to a crypto supercycle.

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As the year comes to an end, the XRP price has shown signs of recovery after a week of bearish market. Reports suggest Donald Trump's fund is purchasing XRP, sparking speculation about its impact on the token's value.

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The crypto market is recovering, with assets like Dogecoin (DOGE) bouncing back from multi-month lows. The Dogecoin price has jumped by 12.67% in 24 hours, pushing the meme coin to the $0.3379 price mark.

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Bitcoin (BTC) is pushing to regain its six-figure valuation following a period where it risked falling below $90,000 support zone. However, on-chain data suggests a new record high could be on the horizon amid the recent volatility.

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Bitcoin surges 4.30%, trading at $98,466. Key resistance at $99,460 could dictate its next move as altcoin season wanes. Read the full analysis. The post Will Bitcoin Stabilize Above $100K: Altcoin Season Over? appeared first on Cryptonews.

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Amid a wider readjusting of market expectations for interest rate cuts by the Federal Reserve (Fed) for 2025, investors withdrew a record $680 million from Bitcoin ETFs on Thursday, the highest outflow in a single day since January's approval of these investment funds. Grayscale And Bitwise Bitcoin ETFs Experience 8% Decline As Bitcoin ETFs faced this outflow, the price declined, dropping another 5% to trade around $97,400 to close the week.

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There's no denying that cryptocurrency is a polarizing asset class. While it's beginning to receive some level of interest at an institutional level, I'd wager that the majority of crypto enthusiasm still resides among retail investors.

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The larger cryptocurrency market fell sharply on Friday, owing to a mix of macroeconomic factors and investor sentiment. The sell-off resulted in $1.42 billion in liquidations across various assets.

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Bitcoin investors have hit a new milestone: the average profit per Bitcoin holder is now a staggering $67,088, according to data from Whale Alert. This marks a significant achievement in the world of cryptocurrency, and it's worth noting that this figure surpasses the average annual salary in the United States, which stands at $62,027 in 2024.

 

Popular blockchain tracking platform Whale Alert, which monitors large cryptocurrency transfers, has spotted several impressive crypto transactions that carried close to 190 million XRP. Two-thirds of this amount of coins were shoveled between anonymous wallets.

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Ethereum (ETH) has been struggling with the $4,000 price level for months now. Since March 2024, it's been rejected at this point three times. Right now, it's sitting at $3,475, and while that's a slight improvement, ETH has still dropped 24% over the past few days—from $4,087 to $3,097.

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The US Spot Bitcoin ETF has ended its 16-day inflow streak this week, as the crypto market recorded a massive pullback. Amid this, BlackRock Bitcoin ETF (IBIT) recorded its highest outflow since launch, sparking concerns among investors.

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The total crypto market cap is above $3.550 trillion once again.

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Ripple whales have aggressively bought 80 million XRP during the latest market downturn, pushing prices higher and fueling predictions of a move toward $3. Optimism builds with Ripples new stablecoin and pro-crypto developments.

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Key Points:

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Ethereum whales withdrew 17,698 ETH valued at $61.66 million, accelerating price recovery. With prices nearing $4000 and renewed institutional activity, market sentiment remains bullish as analysts predict further gains.

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Due to yesterday's crypto market rout, Ethereum (ETH) has now faced rejection at the key $4,000 resistance level for three times since March 2024. The second-largest cryptocurrency by reported market cap is now trading at the $3,400 level, down 6.7% in the past 24 hours.