X user published over 140 million tweets mentioning Bitcoin on Elon Musk’s social media network. Crypto conversation on X increased in 2024 compared to 2023 as Bitcoin ( BTC ) developments dominated digital asset mindshare on the platform formerly known as X. Posts containing “Bitcoin” grew 65% year-over-year according to data from social listening protocol Visibrain seen by crypto.news on Boxing Day. Posts mentioning BTC on X in 2024 | Source: Visibrain Bitcoin mentions peaked in early 2024, coinciding with approval for spot BTC exchange-traded funds issued by the U.S. Securities and Exchange Commission. The Wall Street spot BTC ETF complex managed over $110 billion in investor assets, more than holdings attributed to BTC’s creator, Satoshi Nakamoto. BTC chatter on X retreated from January highs as the year unfolded, spiking from social sentiment lows at the $60,000 mark and the halving, a blockchain tweak that happens every four years to improve BTC scarcity. You might also like: BTC crosses the hallmark of 19.8 mined units on Xmas eve. It’s time to talk about Bitcoin’s supply cap Monthly BTC mentions via X consolidated until rallying again in November, spurred by President-elect Donald Trump’s victory and promises of turning America into the world’s crypto capital . In early December, social media BTC discussions neared levels seen right after spot BTC ETF approval. Over 1 million X posts were published as the top cryptocurrency hit $100,000 for the first time, breaking the six-figure psychological barrier. BTC changed hands for $95,000 a day after Christmas as the Santa Rally cooled off heading into the New Year. 24-hour BTC price chart – Dec. 26 | Source: crypto.news Read more: Should web3 devs be building tribes, not just tools? | Opinion
X user published over 140 million tweets mentioning Bitcoin on Elon Musk’s social media network.
The post Just In: U.S. Congress to Prioritize Crypto Legislation in 2025, Focusing on Stablecoins and FIT21 Act appeared first on Coinpedia Fintech News With the incoming pro-crypto administration under Trump, the U.S. Congress is expected to prioritize crypto legislation in 2025, focusing on key issues like stablecoins and the FIT21 Act. Notably, in 2025, several cryptocurrency bills could potentially be passed in the United States – Financial Innovation and Technology for the 21st Century Act (FIT21): This bill aims to establish a clearer regulatory framework for digital assets, defining whether they are securities or commodities. The bill has already passed the House and would grant more power to the CFTC for overseeing crypto markets, particularly for digital commodities like Bitcoin. However, the passage of the proposal in the Senate is uncertain, although there is significant bipartisan interest, as highlighted in recent discussions. Stablecoin Legislation: Discussions around stablecoin regulation have been ongoing, with bills like the Clarity for Payment Stablecoins Act being considered. There’s a focus on providing regulatory clarity and consumer protections for stablecoins, which could potentially be included in broader financial legislation or passed as standalone bills. This would involve setting criteria for issuers and ensuring stablecoins are backed appropriately. Digital Asset Market Infrastructure Bill: This legislation would deal with aspects like custody and the integration of digital assets into traditional financial systems. There’s talk of this bill potentially passing in early 2025, suggesting a push towards infrastructure that supports crypto in financial services. General Regulatory Clarity: There’s an overarching push for regulatory clarity in the crypto space, with lawmakers like Rep. French Hill prioritizing digital asset legislation in the new Congress. This could lead to a variety of bills aimed at addressing different aspects of crypto, from taxation to AML/KYC requirements, shaping the regulatory environment for cryptocurrencies. The political climate, with a pro-crypto bipartisan approach and potential support from the incoming administration, indicates that 2025 might see significant legislative action on cryptocurrency, although the exact scope and nature of these bills will hinge on many factors like political negotiations, regulatory agency input, and public sentiment.
COINOTAG News reported on December 26 that the Bitcoin investment platform Relai has augmented its BTC holdings by an impressive 13 coins. This growth follows Relai’s recent $12 million Series
Bitcoin's recent decline raises questions about its future price levels. Analysts provide different predictions for Bitcoin's trajectory. Continue Reading: Market Observers Assess Bitcoin’s Potential Decline The post Market Observers Assess Bitcoin’s Potential Decline appeared first on COINTURK NEWS .
A pseudonymous on-chain investigator says he’s unraveling a malicious scheme that’s using hacked accounts on the social media platform X to promote a fake memecoin. ZachXBT says the cybercriminal stole the credentials of high-profile X accounts by sending phishing emails that impersonated the X team. The emails appear as a notice of policy and guideline violations from X to create a sense of urgency and get the recipients to click a malicious link. “A threat actor has stolen ~$500K over the past month by compromising 15+ X accounts (Kick, Cursor, Alex Blania, The Arena, Brett, etc). Each of the 15 ATOs were directly connected by mapping out the deployer address for each scam. The attacker bridged back and forth between Solana and Ethereum in an attempt to obfuscate the funding source.” Source: ZachXBT/X According to smart contract platform Neutron, the bad actor sent fake copyright infringement emails that told the targeted X users to reset their password and two-factor authentication (2FA) by visiting what turned out to be a phishing site. Once the X account is compromised, the attacker logs out all sessions, changes security settings and then controls posting access to share malicious links that promote a scam token. Says ZachXBT about security measures, “Make sure to limit email address reuse between services as well as using security keys for 2FA on important accounts whenever possible.” 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: Midjourney The post Hacker Hijacks 15 Accounts on X, Launches Memecoin Scams and Steals $500,000 in One Month: Blockchain Investigator appeared first on The Daily Hodl .
The recent dip in Bitcoin price has sparked concerns among investors while triggering massive selling pressure in the broader crypto market. In addition, the recent market developments also hint towards a further dip, with many predicting a potential slip to $80K or even below. Notably, this comes despite the strong institutional interest in the flagship crypto, as evidenced by the buying spree of MicroStrategy (MSTR) and others. Why Is Bitcoin Price Falling Today? Bitcoin price has recorded a sharp decline today, sparking concerns in the broader crypto market. A flurry of reasons could have weighed on the investors’ sentiment recently, which has also triggered massive selling pressure in the digital assets space. For context, BTC has recorded massive rallies since Donald Trump’s election win in November. Having said that, it also provided a profit-booking opportunity to many investors, with recent on-chain data indicating heavy selling pressure on the crypto. Top crypto market expert Ali Martinez highlighted the trend, saying that 33,000 BTC, worth over $3.23 billion, has moved to exchanges recently. Source: Ali Martinez, X This indicates the profit-booking strategy, which the traders often use when an asset’s price goes higher. On the other hand, Santiment recently highlighted the BTC drop after reaching $99.8K on Christmas, sparked by bullish trader sentiment. The report noted that speculation of the cryptocurrency hitting $110K has also increased due to the recent rally. Source: Santiment, X However, Santiment suggests that historically, Bitcoin only reaches such highs when crowd expectations are low. This indicates that the current downturn may be a market correction, as traders’ high expectations for $110K may be self-fulfilling prophecies that prevent the price from rising further. Bitcoin Options Expiry Sparks Concern The recent downturn in Bitcoin price comes ahead of the largest crypto options expiry on the Deribit exchange, with over $18 billion in options set to expire tomorrow. The expiry has sparked directional uncertainty, with elevated volatility and “sharp swings in DVOL”, Deribit noted. Besides, market experts also warned that the heavily leveraged market to the upside could trigger a rapid snowball effect with any significant downside move, leading to high volatility. Notably, the Bitcoin options expiry accounts for the majority of the total notional value, with $14.27 billion set to expire. The put/call ratio stands at 0.69, indicating a slightly bullish sentiment among traders. The max pain point for Bitcoin is $85,000, which could act as a resistance level in the event of a price swing. Source: Deribit Exchange On the other hand, Ethereum options expiring tomorrow account for $3.79 billion in notional value. The put/call ratio is 0.41, suggesting a more pronounced bullish bias among Ethereum traders. The max pain point for Ethereum is $3,000, which may influence the asset’s price movement. Source: Deribit Exchange BTC Dip To $80K Imminent? The latest BTC price chart showed that the crypto plunged about 3.5% to $95,175, with its trading volume falling 1.5% to $42.45 billion. Notably, the crypto has touched a 24-hour high of $99,884, while maintaining a monthly gain of 2%. Further, BTC Futures Open Interest also fell about 3.5%, CoinGlass showed , indicating a bearish momentum hovering in the market. Notably, the market picture indicates that despite soaring institutional interest, the recent developments have weighed on the market sentiment. For context, MicroStrategy (MSTR) stock recorded volatility recently amid its BTC buying strategy, which has fueled market speculations. Besides, many firms like KULR have also shifted their focus towards BTC accumulation. Meanwhile, in a recent analysis, popular market expert Justin Bennett said that BTC is likely to fall to the $81K-$85K range. This analysis of Bitcoin price has fueled market concerns, with many other experts echoing a similar sentiment. Source: Justin Bennett, X For context, Ali Martinez noted as Bitcoin dipped below the $97,300 mark, it indicates a bearish momentum for the crypto. However, he noted if BTC rebounds to this crucial support and rally to $100K, it could rally to $168,500 ahead. Source: Ali Martinez, X Simultaneously, Peter Brandt has also predicted a potential BTC dip to $80K ahead, citing technical trends. On the other hand, popular market expert Tone Vays also said that if BTC trades below the $95,000 mark, it increases the probability of a correction to $75K. Source: Peter Brandt, X The post Why Bitcoin Price Is Falling Today: Is $80K Next? appeared first on CoinGape .
KULR Technology has invested $21 million in Bitcoin as part of its strategy to allocate 90% of surplus cash to the cryptocurrency. KULR, a U.S.-based company which specializes in thermal management solutions mainly for electronic components and batteries, has acquired 217.18 Bitcoin ( BTC ) for nearly $21 million as part of the company’s Bitcoin Treasury strategy. In a Thursday press release on Dec. 26, the San Diego-headquartered company said Bitcoins were purchased at an average price of $96,556.53 per BTC. Amid the news, KULR’s shares rose 3.51% on pre-market, per data from Nasdaq. The purchase follows the company’s earlier announcement of its Bitcoin Treasury strategy, in which it announced allocating up to 90% of its surplus cash to Bitcoin. KULR says the $21 million purchase is the first of ongoing purchases it intends to make going forward. KULR picked Coinbase’s Prime platform to provide custody, USDC, and self-custodial wallet services for its BTC, according to the press release. You might also like: Bitcoin’s mining supply slipped below the 1.19m threshold on the brink of wider adoption KULR chief executive Michael Mo earlier emphasized that Bitcoin’s growing adoption globally was a key factor in the decision, noting that the asset could strengthen the company’s balance sheet while supporting its operational growth. KULR’s Bitcoin purchase comes amid a broader trend of companies embracing cryptocurrency as part of their financial strategies. Artificial intelligence firm Genius Group recently also announced $4 million in BTC purchases, raising its holdings to 153 BTC as part of its “Bitcoin-first” strategy to allocate 90% or more of its reserves to the cryptocurrency. Other companies, including MicroStrategy and Nasdaq-listed Acurx, have also expanded their Bitcoin holdings to capitalize on its role as a hedge against inflation and a store of value supporting technological innovation. Read more: Public fitness equipment maker Interactive Strength shares rise 11% on Bitcoin treasury strategy
KULR Technology has invested $21 million in Bitcoin as part of its strategy to allocate 90% of surplus cash to the cryptocurrency. KULR, a U.S.-based company which specializes in thermal management solutions mainly for electronic components and batteries, has acquired…
The cryptocurrency landscape is buzzing with renewed optimism as Bitcoin teeters on the edge of significant price movements post-Christmas. Recent trends indicate that Bitcoin’s supply on exchanges is dwindling, suggesting