Donald Trump’s administration is expected to pursue executive orders on day one to push cryptocurrency forward, with potential plans for a national bitcoin reserve and expanded crypto banking access. Crypto Industry Prepares for Possible Day-One Executive Orders From Trump’s White House U.S. President-elect Donald Trump is expected to move swiftly on cryptocurrency initiatives, with industry
Bitcoin has continued to see declining performance in recent days with on-chain metrics offering valuable insights into market behavior. Among these metrics, the Spent Output Profit Ratio (SOPR) for long-term holders has particularly emerged as a critical tool for assessing investor sentiment and market resilience. Long-term holders, defined as investors holding Bitcoin for over 155 days, are often viewed as a stabilizing force in the market. Their selling patterns can significantly influence price trends, making SOPR an indicator worth watching. Related Reading: Bitcoin Market Leverage and Coinbase Premium: What Recent Data Reveals Long-Term Holder Trends And Market Sentiment Recent analysis from a CryptoQuant analyst known as Cryptoavails highlights that Bitcoin’s long-term holder SOPR metric continues to exhibit notable patterns as Bitcoin’s price trends upward. Historically, SOPR values above 1 indicate that long-term holders are selling at a profit, while values below 1 suggest they are offloading their holdings at a loss. This behavior reflects broader market confidence or capitulation during periods of price decline. Currently, the SOPR metric remains consistently above 1, signaling that long-term holders are selling profitably without adding significant downward pressure on Bitcoin’s price. The analysis from Cryptoavails tracks key phases in the Bitcoin market over the past two years, highlighting significant shifts in SOPR values. For instance, in early 2022, the SOPR metric showed high volatility with frequent spikes, suggesting intense profit-taking activity by long-term holders. Amid these sales, Bitcoin’s price experienced a downward trend, reflecting persistent selling pressure during that period. This trend gradually shifted in late 2022 and early 2023 when the SOPR metric mostly remained below 1, indicating that long-term holders were selling at a loss as the market sought to find stability. By mid-2023, the SOPR began trending upwards, signaling renewed confidence among long-term investors. The metric consistently moved closer to or above the critical level of 1, suggesting that long-term holders were once again selling at a profit while market confidence began to recover. This upward trend has remained intact into 2024, supported by Bitcoin’s rising price levels. Importantly, there have been no significant sell-offs by long-term holders, reinforcing the broader market’s stability, according to the crypto analyst. SOPR As A Forward Indicator For Market Growth Overall, Cryptoavails mentioned that the current state of Bitcoin’s SOPR suggests a healthy market dynamic, with long-term holders contributing to a stable price structure. Despite periodic corrections, the sustained presence of SOPR above 1 indicates that selling pressure remains controlled. Related Reading: What’s The Worst Case Scenario For Bitcoin Right Now? Analyst Explains The analyst also pointed out that this behavior reflects market maturity, where long-term investors are not rushing to offload their holdings despite Bitcoin’s price appreciation. Regardless, Bitcoin has continued to consistently decrease in price since its sharp drop below $100,000 last week. At the time of writing, Bitcoin trades at a price of $93,991 down by 1.6% in the past 24 hours. Featured image created with DALL-E, Chart from TradingView
Matador Technologies plans a $4.5 million Bitcoin acquisition. The company aims to reduce risks linked to the Canadian dollar. Continue Reading: Matador Technologies Plans to Acquire $4.5 Million in Bitcoin The post Matador Technologies Plans to Acquire $4.5 Million in Bitcoin appeared first on COINTURK NEWS .
Matador Technologies is making waves in the crypto sector by adopting Bitcoin as a treasury reserve asset, mirroring strategies implemented by industry behemoths like MicroStrategy. With a planned initial purchase
Matador Technologies is following in MicroStrategy’s footsteps, sharing a board member with Japanese firm Metaplanet—another Bitcoin buyer.
After months of turmoil and a settlement with Riot Platforms, Bitfarms’ stock performance remains disappointing. Is a rebound for $BITF overdue, or is the company slowly losing its position in the market? Let’s dive in! Bitfarms Faces a Crossroads The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks,
Prediction markets have gone ballistic. Kalshi, one of the sharpest platforms out there, says there’s now a 77% chance that one of the Magnificent 7 companies (Apple, Amazon, Meta, Microsoft, Tesla, Nvidia, or Alphabet) will take the plunge and buy Bitcoin in 2025. A few months ago, those odds were sitting at 49%. What happened? Michael Saylor, a man who treats Bitcoin like religion, has been out here pushing companies like Microsoft to stop playing it safe and start stacking sats. Let’s call it what it is: the market smells blood, and by blood, we mean Bitcoin. 2025 could be even better than 2024 has already been. These guys have been circling the crypto waters for years, and the odds are now higher than ever that one of them is finally going to bite. Let’s take a look at what they think about Bitcoin *now.* Alphabet keeps Bitcoin at arm’s length Company number one is Alphabet, Google’s parent company, which has been doing that thing where it dips a toe into the crypto pool but doesn’t want to admit it’s swimming. Back in 2018, it banned crypto ads altogether because, apparently, scams are bad for business. Fast-forward to this year, and they seem like they’ve realized blockchain technology might actually be worth something. Google Cloud is exploring blockchain for enterprise clients, focusing on things like security and transparency. Meanwhile, Alphabet’s financials are looking good. Google Cloud revenue hit $11.4 billion in Q3, up 35%. The company’s stock is up more than 30% since September, making it a top performer in that market. Amazon’s boardroom brawl Amazon’s shareholders aren’t exactly the same though. In December, they told the board to put their money where the future is. Specifically, they want Amazon to invest 5% of its $88 billion in cash reserves into Bitcoin. That’s $4.4 billion, for those keeping score at home. But wait, there’s more. Insiders reportedly say Amazon is already thinking about dropping $250 million on Bitcoin. Why? Because new accounting rules from the Financial Accounting Standards Board (FASB) make it easier to hold crypto on the books. Meanwhile, rumors are going around that Amazon could start accepting Bitcoin, Ethereum, and Cardano as payment soon. Amazon’s stock is trading at $225, up 20% for the year. With a market cap of $2.36 trillion, they’re incredibly powerful. If they jump into Bitcoin, it’ll be like Tyson stepping into a middleweight ring. Apple sticks to its lane As for Apple, it isn’t exactly rushing to buy Bitcoin. Instead, they’re making it easier for their customers to buy it. Earlier this month, the company partnered with Coinbase to let users buy cryptos directly through Apple Pay. That’s all we got on them for now. Apple’s stock is trading at $180, with a market cap north of $2.8 trillion. They’re playing it safe, but their users? Not so much. Might be time to give the people what they want. Meta pivots to NFTs while Microsoft backs the blockchain Meta, the company formerly known as Facebook, has been pushing NFTs hard, integrating them into Instagram and Facebook. Reports say NFT transactions on Meta’s platforms are up 40% since launch. But let’s not forget Meta’s bigger play: the metaverse. They’re betting on blockchain to power virtual transactions, and that means they’re not done with crypto yet. Meanwhile, Microsoft is keeping things corporate. Azure, its cloud platform, has rolled out Blockchain-as-a-Service (BaaS). Over 500 companies are already using it to build decentralized apps. Microsoft is also throwing cash at startups in DeFi and NFTs. The stock is $380 a share and the company has a $2.8 trillion market cap. But when Michael Saylor suggested that they add Bitcoin to their balance sheet just some weeks back, they told him NO. Tesla and Nvidia: Bitcoin holdings and mining wars Tesla’s Bitcoin story is well-known. They’ve got $1.5 billion in Bitcoin on their books and are thinking about bringing back Bitcoin payments for their cars. Elon Musk might be polarizing, but Tesla’s crypto strategy isn’t. They’re holding steady while pushing for greener mining practices. Their stock? Trading at $280, with a market cap of $900 billion. Then there’s Nvidia. Their GPUs are the backbone of crypto mining, especially for Bitcoin miners. But Nvidia’s relationship with crypto isn’t all roses. They’re facing a Supreme Court case over allegations they misled investors about crypto revenue back in 2018. Still, their stock is trading at $140, with a market cap of $3.42 trillion. Legal drama aside, the company has staged nothing short of a remarkable performance this year. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The South Korean Financial Services Commission (FSC) has denied reports claiming it is about to let companies buy crypto using their balance sheets . Per Hanguk Kyungjae , the FSC told media representatives the reports were “not true.” Will Regulator Let South Korean Companies Buy Crypto? Reports circulated at the start of the month claiming that the FSC was prepared to allow universities and schools to trade donations made in crypto for fiat. This, the reports claimed, would represent the first step on a roadmap. This same roadmap would eventually allow South Korean firms to buy coins like Bitcoin (BTC) and Ethereum (ETH) , they added. [Press Release] The Financial Services Commission held a meeting to review business financing conditions and response strategies with officials from policy financial institutions and related businesses on December 19. https://t.co/QtSVRIB88h — Financial Services Commission – FSC Korea (@FSC_Korea) December 19, 2024 The reports also claimed that the FSC would let “ordinary” firms buy crypto before the banking sector. “We are still discussing whether we will allow corporations [to buy and sell crypto]. The reports are not true. The Financial Services Commission’s Virtual Assets Division has not confirmed anything about this matter.” South Korean Financial Services Commission spokesperson South Korean law does not explicitly prevent firms from holding crypto. However, to trade BTC, ETH, and altcoins, private individuals need to open crypto exchange -linked bank accounts. The regulator’s guidelines instruct financial institutions to reject all such applications from corporate clients. South Korea aims to issue its first won-denominated foreign-exchange stabilization debt in more than two decades next month, according to a finance ministry official with direct knowledge of the plan https://t.co/Wu0tz7iRD3 — Bloomberg Markets (@markets) December 23, 2024 Bitcoin ETF Approval Facing Further Delay? The earlier reports claimed that government ministries, local government organs, universities, and charities would be allowed to sell off any crypto they hold “in the first half of 2025.” Some South Korean companies are furious. They claim they have been left behind by their international rivals in the US and Japan. American firms like MicroStrategy and Japanese companies like Remixpoint have built up considerable Bitcoin reserves in recent years. However, the FSC has refused to allow South Korean companies to do likewise. It has claimed that further discussion is required beforehand. The same FSC spokesperson also denied reports that the regulator had scheduled a timeframe for approving crypto spot exchange-traded funds (ETFs). The official also said these reports were “completely groundless,” adding: “We have not discussed the timing of the launch of virtual asset ETFs.” Crypto hackers from North Korea stole $1.3 billion in funds in 2024, new data released this week from Chainalysis shows. #NorthKorea #CryptoHackers https://t.co/TQYgKiaQ22 — Cryptonews.com (@cryptonews) December 20, 2024 ‘Huge Demand’ Other media outlets, citing anonymous sources, have claimed the FSC is still consulting with “ministries, organizations, and private experts” before deciding on new crypto regulations. They believe the FSC is hesitant about allowing companies to buy and hold crypto. They think regulators are concerned that approval would drive up the already high demand for crypto exchange and crypto custody services. Earlier this month, Kim Seo-jun, the CEO of the blockchain accelerator Hashed, spoke of “a huge institutional demand for Bitcoin ETFs” in South Korea and beyond. The post S Korean Regulator Denies Reports Claiming It Is About to Let Companies Buy Crypto appeared first on Cryptonews .
Digital assets manager CoinShares says institutional investors poured hundreds of millions into crypto investment vehicles last week in spite of market-wide sell pressure. In its latest Digital Asset Fund Flows report , CoinShares says that last week, institutional crypto investment products saw net inflows of $308 million. “Digital asset investment products saw a continuation of inflows last week totaling US$308m, although this masks the largest single day of outflows on the 19th December totaling US$576m, with total outflows in the final 2 days of last week at US$1bn.” Source: CoinShares According to CoinShares, last week’s hawkish Federal Open Market Committee (FOMC) release resulted in a $17.7 billion loss in assets under management (AuM) by crypto exchange-traded products (ETPs). “While these outflows may sound alarming, they comprise just 0.37% of total AuM, ranking as the 13th largest single-day outflow on record. The largest single-day outflow took place in mid-2022, when the FOMC interest rate hike prompted US$540m outflows (2.3% of AuM.)” Bitcoin ( BTC ), per usual, led the way with $375 million in inflows. While Ethereum ( ETH ) and XRP products enjoyed $51.3 million and $8.8 million in inflows each, multi-asset investment products, those investing in a basket of cryptos instead of just one, saw a significant uptick in outflows. “The most dramatic flows were from multi-asset investment products, which saw US$121m of outflows last week.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Institutional Crypto Products Continue Inflow Hot Streak Despite Market Sell-Off: CoinShares appeared first on The Daily Hodl .
The Santa Claus Rally faces uncertainty as Bitcoin dips to $94,955. Strong trading volumes and mixed on-chain signals suggest a pivotal week ahead.