Rabu, 08 Januari 2025

🚀BTC's rally triggers a record; Beyond Trump: what drove crypto in 2024


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Your Daily Digest of the 🔥Hottest News in Crypto

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Today's top stories:

👉 BTC's brief rally is on pause

🏇 Beyond Trump: What drove crypto in 2024

🎧 Is the crypto bull market entering its final stage?

📰 Keep reading to find out more about all of today's top stories

Bitcoin's brief rally to $100K triggers record 5.4K BTC monthly outflow

Bitcoin price sold-off today, but heavy demand below $98,000 is prepping the market for the next leg higher.

Bitcoin closed a daily candle at $102,180 on Jan. 6 after another round of positive exchange-traded fund (ETF) inflows worth $978.6 million. However, prices dropped sharply on Jan. 7 as traders expected BTC to retest the $100,000 level.

Despite these short-term BTC drawdowns, significant investor activity was observed on major exchanges, indicating a bullish urgency.

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Meta to scrap fact-checkers in favor of 'free expression'

Social media giant Meta, formerly Facebook, plans to replace third-party fact-checkers with a community notes model akin to rival X's to promote "free expression," according to a Jan. 7 announcement.

Meta will also lift restrictions on "topics that are part of mainstream discourse" to focus enforcement on "illegal and high-severity violations" and enable users to "take a more personalized approach to political content," Meta said.

OPINION

Beyond Trump: What drove crypto in 2024

It's tempting to reduce the narrative of 2024 to Bitcoin's meteoric rise. Even more tempting is attributing this growth to the so-called "Trump bump".

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Anthropic expected to reach $60B valuation after funding deal: WSJ

AI firm Anthropic is reportedly in talks to raise $2 billion — a deal that would put the company's valuation at roughly $60 billion.

According to a Jan. 7 Wall Street Journal report, Lightspeed Venture Partners is leading a funding round for the OpenAI rival. Anthropic was valued at $18 billion in December 2023, suggesting that the AI firm's valuation could have risen by more than 233% in 12 months.