Bitcoin News: Potential Rebound to $100K After Flash Crash

Bitcoin’s price has been volatile, causing uncertainty among investors. However, technical analysis suggests a potential breakout could push BTC toward the $100K mark.

Bitcoin Price Analysis: Can BTC Rebound to Challenge $100K After Flash Crash?

Bitcoin’s price has been experiencing choppy movements, which have been scaring off newcomers and adding to market uncertainty. However, the bull run might not be over, as another rally could be imminent. Technical analysis by Edris Derakhshi (TradingRage) on the daily chart shows Bitcoin consolidating below the critical $100K level, with a large falling wedge pattern forming. A breakout to the upside could lead to an aggressive rally, potentially pushing BTC to $120K. On the 4-hour chart, Bitcoin is showing early signs of a new bullish trend.

Bitcoin Price Surges Above $98.5K Following US December CPI Data Release

The United States Labor Government released the December CPI and CORE CPI data, which aligned with market expectations. The CPI increased by 2.9% year-over-year, matching forecasts, while the CORE CPI rose by 3.2%, slightly below the estimated 3.3%. This data alleviated fears of higher inflation, leading to a surge in the prices of riskier assets, including cryptocurrencies. Bitcoin, in particular, saw a significant price increase, surpassing $98.5K. The rise in December's CPI was the largest in eight months, slightly exceeding November's figures. This development has positively impacted the cryptocurrency market, with Bitcoin leading the charge.

US inflation rises to 2.9%, far above Fed’s target. Bitcoin is in major trouble.

The U.S. Department of Labor reported a 0.4% increase in the monthly CPI after seasonal adjustment, overshooting the forecast of 0.3% and the previous value of 0.3%. On an annual basis, inflation climbed to 2.9%, up from 2.7% in November, the highest rate since July 2024. The Federal Open Market Committee (FOMC) has consistently communicated its intolerance for inflation exceeding the 2% target. While markets had hoped for a pause or even a reversal in rate hikes, these hopes have been dashed. And the crypto market, by all indications, just might be ‘cooked.’

Crypto Goes Mainstream: Italy’s Biggest Bank Buys 11 Bitcoins For $1 Million

Intesa Sanpaolo, the largest bank in Italy, has made a significant move into the cryptocurrency market by purchasing 11 bitcoins worth over $1 million. This marks the first direct investment in digital assets by an Italian bank, highlighting a pivotal moment in the institution's history. The bank has been proactive in embracing digital finance, having launched its in-house digital asset trading desk in 2023 and started spot cryptocurrency trading in 2024. This investment in Bitcoin is seen as a strategic effort to stay ahead in the evolving financial landscape, demonstrating that traditional banking is adapting to the rise of blockchain-based assets.

Bitcoin Wallets Unlocked: Its Evolution and Emerging Features Redefining Security

As cryptocurrency continues to expand globally, the importance of secure and environmentally friendly Bitcoin wallets has become increasingly critical. Bitcoin wallets, which are essential for storing, managing, and facilitating transactions of Bitcoin and other cryptocurrencies, have evolved significantly. They now incorporate advanced features and enhanced security measures to protect users' assets. This article delves into the development of Bitcoin wallets and highlights the latest features that are setting new standards in security.