Bitcoin exchange-traded funds have taken in over $1 billion in fresh cash over the past three days, helping propel the leading cryptocurrency to nearly $73,000. Just on Wednesday, investors bought over $500 million worth of shares in the funds managed by BlackRock, Fidelity, and Grayscale, according to data from Farside Investors. Bitcoin’s price has surged
Strive, the asset management firm founded by Vivek Ramaswamy, has resumed purchasing Bitcoin through its preferred stock SATA after a two-month hiatus. According to BitcoinTreasuries’ official X account, the company has already acquired 31 $BTC, signaling a renewed commitment to its bitcoin treasury strategy. Background and Context Strive first introduced SATA, a preferred stock offering
Arch Lending co-founder Himanshu Sahay has identified qualified custody, zero rehypothecation, and clear collateral rules as three safeguards needed to reduce risks in Bitcoin-backed lending. Himanshu Sahay, co-founder and chief technology officer of Bitcoin-backed lending platform Arch Lending, told crypto.news that wealthy Bitcoin holders are increasingly using loans to meet cash needs while keeping their
In brief Bitcoin traded at $71,556 on Thursday, up 3.26% on the day and inside a $68,858–$72,408 band, The move extends a Wednesday’s 8.7% rip. On Myriad, the “pump to $84K or dump to $55K” market sits at a near 50-50 chances after leaning roughly 70% toward the dump days earlier. Bitcoin traded at $71,556
U.S. Treasury Secretary Scott Bessent said the Treasury will increase its purchases of long-term government bonds, with the scale potentially exceeding the previously announced $4 billion. The statement, delivered during a press briefing on Wednesday, marks a notable shift in the department’s debt management strategy and has drawn attention from financial markets, particularly cryptocurrency traders.
As US federal debt tops $40 trillion for the first time, there is renewed debate over whether mounting government borrowing could strengthen Bitcoin’s case as a scarce, non-sovereign asset. Interest costs have also climbed, surpassing Medicare to become the federal government’s second-largest budget expense behind Social Security in the first 10 months of fiscal 2026,
In brief Bitcoin hit an intraday high of $72,408 Thursday before easing to $71,423, up 3.07% on the day This is the highest level since a flash crash sent the coin below $68,000 on June 2. Bitcoin’s short sellers are having their worst two days on record: more than $3 billion in short positions were
The $BTC price has run hard enough to wake up an altcoin market that had little to celebrate. From $62,821 on August 17 to $72,071 by August 20, Bitcoin gained roughly 14%, pushing against its 200-day EMA while the top 100 altcoins largely moved into the green. $BTC Price Rally Gives Altcoins Room to Breathe
Coinbase CEO Brian Armstrong stated that Bitcoin ($BTC) could experience a strong upward trend in the coming years, adding that reaching the $300,000 to $400,000 range by 2030 is “very likely.” Appearing on the Varney & Co. program on Fox Business Network, Armstrong shared his long-term expectations regarding the price of Bitcoin, while also drawing