While Bitcoin undergoes a correction, industry observers are again calling for a historic comeback that could push its price toward $600,000. Over the past few days, Bitcoin entered a cooling phase after hitting a new peak of $124,450 last week. The leading crypto retraced to $114,723 earlier today before recovering slightly to $115,300 at press
Strategy’s (formerly MicroStrategy’s) aggressive Bitcoin playbook rolled on this week with another nine-figure purchase just announced by none other than Michael Saylor. However, it was the remark that came with it that caught the eye. Chaitanya Jain, Bitcoin strategy manager at the company, reinvented the old crypto joke on social media and stated that the
Over the past few days, investors have been re-engaging with the most simple criticism of Michael Saylor’s massive bitcoin treasury company, MicroStrategy (MSTR). On Reddit, YouTube, Nostr, and X, fans and skeptics are fighting over whether MicroStrategy is a Ponzi scheme. Andy Constan triggered the latest round of this multi-year debate when he earned hundreds
The most important event this week for Bitcoin (BTC), cryptocurrencies and global markets will be the Jackson Hole meeting. The meeting, held every year in Jackson Hole, Wyoming, USA, is closely followed by the banking industry. The meeting, attended by representatives of central banks from developed and developing countries around the world, will be held
The digital ruble is expected to bring Russia’s economy some $3 billion or more annually in the first five years of its introduction, according to a new estimate presented in Moscow. While banks are set to initially lose billions of rubles due to the digital cash, businesses will benefit right off the bat, claim Russian
The market reacted as long-term Bitcoin holders awakened to move billions of dollars’ worth of BTC over the weekend. A prominent market analyst highlighted this in a recent commentary on the back of an unexpected bearish turn of events for Bitcoin. The crypto leader’s short-lived push to $118,000 on Sunday sparked optimism, but BTC quickly
Famed short-seller James Chanos, who’s best known for shorting Enron before its implosion in 2007, is calling out Strategy for its modest $51 million Bitcoin purchase and loosening a key safeguard against shareholder dilution. Chanos said the company’s latest Bitcoin purchase points to weak demand for its preferred stock offerings, and accused chairman Michael Saylor
Protection against price drops in BlackRock’s spot bitcoin BTC$115,288.35 exchange-traded fund (ETF), is now at its priciest since the early April market slide. On Monday, the spread between implied volatilities (IV) for 25-delta puts and 25-delta calls for the iShares Bitcoin Trust ETF (IBIT) rose to 4.4, the widest since April 10, according to data
Core Scientific (CORZ) reported weaker-than-expected revenue but topped adjusted EBITDA estimates in its second-quarter 2025 results. Yet the main focus remains its proposed merger with AI cloud provider CoreWeave (CRWV), which is set for a shareholder vote in the fourth quarter, investment bank Jefferies said in a research report Monday. At CoreWeave’s current price of
Bitcoin (BTC) price opened Monday in correction mode after the weekly candle closed as a bearish “inverted hammer.” The price of BTC dropped 3% in the past 24 hours, hitting a low of about $114,740 before rebounding above $115 during the mid-London session. The wider altcoin market followed in the mild correction, thus resulting in