Search
MicroStrategy now holds 152,333 BTC in its Treasury
29.6.2023
MicroStrategy has announced adding 12,333 Bitcoins (BTC) more to its existing holding. This has taken the count to a total of 152,333 BTC, valued at $4.5 billion. The first-ever purchase by MicroStrategy was made in 2020. It now owns the largest supply of digital tokens among other existing...
Blackrock’s Influence Fuels Soaring Bitcoin Interest, Google Trends Data Shows
28.6.2023
Over the past 30 days, the popularity of the term “bitcoin” has surged significantly, as indicated by Google Trends metrics. On June 21, 2023, the search term bitcoin achieved a perfect score of 100. Notably, the curiosity surrounding bitcoin-related news has also experienced...
Bitcoin Price Prediction as Daily Trading Volume Surpasses $10 Billion and Pushes BTC Into the Green – Is the Bear Market Over?
28.6.2023
As Bitcoin's (BTC) daily trading volume soars above the $10 billion mark, pushing the price of Bitcoin, the world's largest cryptocurrency, into positive territory, the persistent question arises: has the bear market ended?
Amidst this momentum, an intriguing development in the form of a surge...
MicroStrategy Acquires Additional $347 Million in Bitcoin, Total Investment Surpasses $4.5 Billion
28.6.2023
Michael Saylor's MicroStrategy has added an additional 12,333 Bitcoin to its portfolio, in the last two months.
According to a company report, MicroStrategy, together with its subsidiaries, bought the asset between April 29 and June 27, for approximately $347.0 million in cash, at an average price...
Grayscale Bitcoin Trust Shares Hit Yearly High, Discount Shrinks to 30% as Wall Street Giants Enter Crypto
28.6.2023
The share price of Grayscale Bitcoin Trust (GBTC) reached a one-year high on Tuesday, fueled by renewed optimism surrounding the potential conversion of the trust into an exchange-traded fund (ETF).
The surge came in response to reports that asset manager Fidelity Investments is preparing...
Bitcoin Price Prediction Amid Cathie Wood's ARK Seeking 'Premier Position' in Bitcoin ETF Race"
28.6.2023
The price of Bitcoin currently stands at $30,442, reflecting a less than 0.50% drop on Wednesday.
As Cathie Wood's ARK Investment Management positions itself for a leading role in the Bitcoin ETF race, all eyes turn to the potential impact on Bitcoin's price trajectory.
This update delves into...
Texas Bitcoin Miners Scale Back Operations Amidst Heat Wave
28.6.2023
Bitcoin (BTC) miners in Texas have halted operations after a heat wave and subsequent surge in elcetricity price put the state's power grid under pressure.
Crypto miners in the region as well as grid manager the Electric Reliability Council of Texas, or Ercot, have confirmed the pause in mining...
El Salvador Serves as a ‘Beachhead’ in Bitcoin Battleground, Says Samson Mow
28.6.2023
The JAN3 CEO Samson Mow has claimed that El Salvador can serve as a “beachhead” in the battle for global Bitcoin (BTC) adoption – and suggested other LATAM nations could “easily” follow the country’s lead.
El Salvador adopted BTC as legal tender in 2021, under the leadership of its Bitcoin-keen...
Bitcoin Price Prediction as BTC Bulls Defend the $30,000 Level – When is the Next Leg Up?
27.6.2023
The leading cryptocurrency, Bitcoin's price, is currently at a pivotal juncture as it defends the critical $30,000 level.
Recent developments in the crypto market have added to the anticipation surrounding Bitcoin's future trajectory.
In breaking news, financial giant Fidelity is reportedly...
Coinbase Offers $50 Million Loan to Crypto Miner Hut 8 in Preparations for 2024 'Halving'
27.6.2023
Coinbase has offered to lend $50 million to Hut 8, one of the world’s largest publicly traded Bitcoin (BTC) mining firms, the latter firm said in a press release....
Read More: Coinbase Offers $50 Million Loan to Crypto Miner Hut 8 in Preparations for 2024 'Halving'
Renewed Institutional Interest: Crypto Inflows Surge After BlackRock's Bitcoin ETF Filing
27.6.2023
Investment funds backed by digital assets saw their largest weekly inflows in a year last week, with $199 million being added to the sector.
The inflows were the largest since July 2022, and made up almost half of the prior nine consecutive weeks of outflows, the crypto investment and research...
Bitcoin Price Prediction: BTC Holds Steady Below $31,000 Amidst Binance.US Trading Discount and USD Withdrawal Concerns
27.6.2023
Bitcoin, the leading cryptocurrency, is currently experiencing a trading discount of approximately $1,000 on the Binance.US exchange, as reported by research firm Kaiko.
This price discrepancy has persisted since June 22, as evidenced by a chart shared by Kaiko.
Interestingly, this discount...
Bitcoin Price Prediction: BTC Faces Double Top Resistance at $31,000, Will Bearish Correction Follow?
26.6.2023
As Bitcoin garners global attention, investors and traders closely monitor its price movements.
Currently, Bitcoin (BTC) encounters a significant obstacle in the form of double top resistance at the $31,000 level.
This resistance has previously acted as a strong barrier, raising concerns about...
Volatility Shares Trust Seeks SEC Approval for Leveraged Bitcoin Futures ETF
26.6.2023
A new exchange-traded fund (ETF) backed by Bitcoin (BTC) futures and with 2x leverage is set to go live on Tuesday after the Securities and Exchange Commission (SEC) appears to have given the greenlight.
The ETF, sponsored by Volatility Shares Trust, will be listed on the CBOE BZX Exchange under...
Bitcoin Price Prediction as BTC Blasts Up 15% – Is a New Bull Market Starting
26.6.2023
The price of Bitcoin has experienced a remarkable surge, skyrocketing by 15% in recent days.
This significant uptick in value has sparked speculation and excitement among cryptocurrency enthusiasts and investors alike.
Many are now wondering if this surge indicates the start of a new bull...
South Korean Court Rules That Bitcoin ‘Is Not Money’ – And Crypto’s Not Subject to Interest Rate Rules
26.6.2023
A South Korean court has ruled that “Bitcoin (BTC) is not money,” and that “interest rate rules don’t apply” to business deals involving cryptoassets.
Per Hanguk Kyungjae, the ruling was made by the Seoul High Court’s Civil Division in a case involving two firms, both of which were unnamed...
Bitcoin Price Prediction as $10 Billion Trading Volume Floods In On the Weekend – Are Whales Buying?
25.6.2023
Bitcoin has experienced a significant surge, reaching the $31,250 level and marking a nearly 15% increase in its value.
This dramatic uptrend has caught the attention of investors and analysts alike, leading to speculation about continuing this bullish trend.
With a massive influx of trading...
Bitcoin Price Prediction as BTC Makes New Yearly High – Where is the Next BTC Target?
24.6.2023
Bitcoin has experienced a remarkable surge, surpassing the 31,000 mark, signaling a bullish momentum in the cryptocurrency market.
The recent price movement has defied expectations, as Bitcoin failed to complete a retracement to the 23.6% Fibonacci level.
This upward trend has been fueled...
Bitcoin Price Prediction as Traditional Finance Giants Citadel, Fidelity and Schwab Enter Crypto – Can BTC Hit $1 Million?
23.6.2023
Bitcoin, the leading cryptocurrency, faces an intriguing future as major players from the traditional finance sector, including Citadel, Fidelity, and Charles Schwab, officially enter the crypto space.
Despite regulatory challenges and previous setbacks in the industry, the participation...
Crypto Community Divided over BlackRock's Recent Bitcoin ETF Application
23.6.2023
Asset management giant BlackRock's recent application to launch a Bitcoin exchange-traded fund (ETF) has stirred a debate within the crypto community, with mixed reactions and concerns about the involvement of traditional financial giants in the industry.
The world's largest asset manager's move...