Cryptocurrency

Bitcoin rose 1% to $95,374.2 by 00:19 ET (05:19 GMT). The token had reached a session low of $89,664.8 on Monday, but dip buyers emerged and pushed prices higher.Bitcoin traders are exercising caution ahead of the U.S. Consumer Price Index (CPI) release on Wednesday.The Federal Reserve’s hawkish stance in December, signaling fewer interest rate cuts in 2025, has increased market sensitivity to inflation data.Recent economic indicators, including a robust December jobs report, have led to a reassessment of the likelihood of near-term rate cuts by the Fed.A higher-than-expected inflation reading may reinforce the Fed’s hawkish stance, potentially exerting additional downward pressure on Bitcoin.Higher interest rates can exert downward pressure on Bitcoin and other cryptocurrencies, as they often lead to a stronger U.S. dollar and reduced liquidity in financial markets. Tether, the world’s largest stablecoin issuer, plans to relocate its headquarters to El Salvador, according to its CEO. The move aligns with El Salvador’s ambitions to position itself as a hub for cryptocurrency trading.Tether has solidified its leadership in the rapidly growing stablecoin market, offering a digital currency pegged to traditional currencies. This structure allows users to transfer funds between cryptocurrencies while avoiding price volatility.El Salvador has been actively promoting digital currency adoption. In 2021, President Nayib Bukele made history by declaring bitcoin legal tender alongside the U.S. dollar, bolstering the country’s reputation as a crypto-friendly destination.In the broader cryptocurrency market, most altcoins rose tacking Bitcoin, but the gains were minimal due to the cautious stance of traders. World no.2 crypto Ether fell 2% to $3,162.02.World no.3 crypto XRP rose 0.7% to $2.5271.Solana edged 0.8% higher, and Polygon rose 1%, while Cardano gained 0.4%. Among meme tokens, Dogecoin jumped 4%. More

AI agents have rapidly gained attention in the cryptocurrency space in recent months. Following the rise of TruthTerminal as the first widely recognized AI agent, the agent-tracking platform cookie.fun currently monitors 996 active AI agents. However, Ahad, Founder of Moemate, projects that the number of AI agents will grow into the billions, with platforms like Moemate playing a central role in their development.While several multi-billion-dollar ecosystems such as ai16z and Virtuals have emerged over the past three months, these frameworks primarily target developers. Moemate differentiates itself by providing a platform where both technical and non-technical users can create highly capable AI agents. One such agent, Nebula ($Moe), has gained significant recognition as an internet celebrity.Moemate enables anyone to create and operate sophisticated AI agents without technical expertise. Moemate agents feature advanced capabilities including the ability to see the screen or through the camera, cross-platform presence across X / Telegram / Discord, integration with AR/VR and video games, with ever-increasing on-chain and off-chain skills like trading and using other applications. The platform focuses on entertainment and media, allowing users to build engaging AI personalities and content, and for businesses to build on top of. The AI agents currently showcased in the market often face limitations, including a lack of contextual understanding and accessibility, as they generally require advanced technical expertise to develop.Since launching in October 2023, Moemate has achieved:About MoemateMoemate is a platform designed to empower both technical and non-technical users to create and manage advanced AI agents. The platform offers tools for building AI-driven personalities capable of functioning across social platforms, AR/VR environments, and gaming ecosystems. With a focus on entertainment, media, and productivity applications, Moemate provides a scalable infrastructure for creators and businesses to develop innovative AI-powered experiences.Appendix:linktr.ee/moematemoemate.io/home Learn more about $MATESThought piece on AI Agents from the Founder of MoemateContactDan SmithMoemateinfo@moemate.ioThis article was originally published on Chainwire More

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In particular, he commented on the world’s premium cryptocurrency losing more than $4,000 in less than one day. Markus is known for his jesting, playful and often sarcastic comments on cryptocurrencies, especially, when they plunge, as if supporting his attitude. He has never called Bitcoin a store of value, nor has he voiced any praise about his brainchild Dogecoin or any other crypto.The deepest where Bitcoin plummeted last week was $91.860 and now BTC has managed to go even below that level.Billy Markus sarcastically commented on that price plunge, sharing a chart with collapsing Bitcoin price and saying: “Happy Monday.”His tweet sparked a discussion where multiple commentators took part, discussing the current Bitcoin plunge.Now, the company’s crypto holdings have topped a whopping 450,000 BTC, which is the equivalent of $40,586,688,000. Thus, the company now holds 2.14% of the whole 21 million BTC supply. The most recent Bitcoin acquisition prior to today’s was made on January 5, when Saylor’s giant bought $101 million in Bitcoin.The purchase was announced shortly before Bitcoin plummeted below the $91,000 price level.Last year, Michael Saylor stated that MicroStrategy is going to hold Bitcoin “forever” and also voiced a prediction that in 10 years time BTC would take away part of gold’s market share. This would propel one Bitcoin to cost $13 million, he claimed.This article was originally published on U.Today More

Notably, since adopting its Bitcoin treasury strategy in May 2024, Semler Scientific has generated a Bitcoin yield of 99.3%. As of Jan. 10, 2025, the total holdings of Semler Scientific stand at 2,231 BTC. The total cost of its cumulative acquisition is approximately $191.9 million.Semler Scientific’s total bag was acquired at an average purchase price of $82,687 per Bitcoin. As of this writing, Bitcoin changed hands at $90,911.17, representing a 4.09% decline in the last 24 hours.However, this price decline has not affected investors’ interest and confidence in the asset. The trading volume has soared by 152.98% to $48.06 billion. The price of Bitcoin in the last 24 hours has fluctuated between a low of $90,183.63 and a high of $95,837, as bull-bear sentiment evens out.MicroStrategy has led the way in corporate acquisition and has inspired some others, like Semler Scientific and Metaplanet.Many corporate adopters of Bitcoin have seen the significant gains MicroStrategy achieved with its investment. Bitcoin has made MicroStrategy’s stock MSTR outpace every stock in the S&P 500 index. This development has fueled the adoption seen among corporate players.This article was originally published on U.Today More

Such a forecast was shared by the analyst in his latest CryptoQuant QuickTake publication. He stressed that a combination of factors demonstrated that powerful “selling pressure” from the last few days of 2024 expanded to the start of the new year. Also, he noticed that Bitcoin ETF flows declined, while Open Interest also registered a massive drop.At the same time, short-term Bitcoin holders might not be bothered by the current decline:While “odds favor the $90K floor,” the expert recommends all traders look at $88,000, as this level is of paramount importance for short-term holders.Meanwhile, Bitcoin (BTC) is in the middle of its worst sell-off in the last three weeks. The net volume of liquidations in crypto exceeds $700 million, CoinGlass data shows.Out of this sum, $300 million were wiped out in the last four hours. Bitcoin (BTC) dropped to $89,500 but then recovered to $92,500, bringing pain to both bulls and bears.This article was originally published on U.Today More

Fire Token has announced the launch of its presale for a tokenized Bitcoin mining operation, designed to leverage Canada’s low energy costs to optimize operational efficiency. With electricity rates as low as $0.065 per kilowatt-hour (KW/H), the project aims to create the most cost-effective Bitcoin mining operation yet.Tokenized Access to Bitcoin Mining RewardsFire Token introduces a model allowing participants to access Bitcoin mining rewards without requiring personal mining equipment or technical expertise. Contributors to the presale receive Fire Tokens, representing a share in the mining operation’s output. Key features include:Fire Token’s mining operations are based in Canada, chosen for its stable energy supply, cost efficiency, and regulatory clarity regarding cryptocurrency operations. The initiative emphasizes:Interested investors can join the presale by visiting presale.fire-token.ca. The presale phase is designed to be accessible, allowing contributions in BNB a popular cryptocurrency.About Fire TokenFire Token focuses on enhancing accessibility to Bitcoin mining rewards through tokenization, leveraging Canada’s low energy costs for sustainable and efficient mining operations. The project aims to provide a cost-effective approach to Bitcoin mining while promoting sustainability in the crypto ecosystem.For more information, investment inquiries, or to join the community please check the links below:Telegram: https://t.me/FiretokenecosystemX: https://x.com/Fire_Token_ArmyWebsite: fire-token.caContactCEOLevi RietveldFire Tokenlevicryptohga@gmail.comThis article was originally published on Chainwire More

The transaction has caught the crypto community’s attention, involving a mysterious crypto whale who took a round trip with 1,850 BTC, resulting in a staggering $13 million loss within just six days.According to Lookonchain, six days ago, the whale withdrew 1,850 BTC worth $188.7 million from Binance at $101,998. Some hours ago, the whale deposited the entire 1,850 BTC stash to Binance, which was worth $175.7 million at the time of the transfer, with Bitcoin’s price at $94,963, resulting in a $13 million loss over six days.Withdrawals from exchanges often signal to buy, while deposits indicate an intent to sell.The 1,850 BTC withdrawal may have been made with positive expectations of the Bitcoin price, but the whale reversed course and redeposited the exact 1,850 BTC back to Binance, albeit at a considerably lower price of $94,963 per BTC, for a total of $175.7 million. The move effectively locked in a $13 million loss, a baffling decision that has sparked speculation about the whale’s intentions, which remains unknown.A potential explanation is that given the current market uncertainty, the whale might have sold to avoid further losses. It is also possible that the whale miscalculated the entry and exit points, leading to an unintended loss.After a brief consolidation between $93,600 and $95,400 over the weekend, Bitcoin reached highs of $95,900 in Monday’s session, but bulls encountered resistance, and the price fell sharply.On the macroeconomic front, this week will provide investors with a clearer picture of the status of the economy following last week’s blowout jobs data, which pushed markets lower. The stronger-than-expected nonfarm payroll report fueled concerns that the Federal Reserve may act cautiously going forward, casting doubt on additional interest rate cuts.This article was originally published on U.Today More