Bitcoin ($BTC) experienced a strong recovery despite the ongoing US-Iran war, rising above $76,000. However, while talk of a rally for $BTC intensified after it retreated to the $74,000 level, Wintermute said it was too early to say. Cryptocurrency market maker Wintermute said Bitcoin has weathered the initial sell-off but the trend hasn’t reversed yet.
Bitcoin price briefly surged to a six-week high of $75,937 on Tuesday, as over $330 million in short positions were liquidated in the past 24 hours. Summary Bitcoin price briefly surged to a six-week high as over $330 million in short positions were liquidated across the crypto derivatives market. Technical indicators point to strengthening momentum,
UK-based software enterprise Smarter Web Company has made a strategic move to bolster its Bitcoin investment strategy by repurchasing and canceling three million pre-IPO share options. This decision is expected to enhance their financial metrics and improve shareholder value, marking a pivotal moment for the company’s operational and fiscal landscape. Contents Why Did They Opt
Strategy founder Michael Saylor made a noteworthy assessment of Bitcoin amid discussions about the impact of AI technologies on the global economy. Saylor described Bitcoin as “digital capital resilient to AI-driven transformations.” Saylor’s remarks came in response to comments from technology investor and former Meta Platforms executive Chamath Palihapitiya, who suggested that artificial intelligence could
On-chain analyst Willy Woo warned that Bitcoin ($BTC) could rally toward the mid-$80,000 range but cautioned the move will likely prove to be a bull trap. The warning comes as exchange data shows buyer activity gradually recovering after weeks of heavy selling in February. Willy Woo Flags Bitcoin Bull Trap as Buyers Quietly Return to
While state-linked wallet activity continues to be closely monitored in the cryptocurrency market, recent Bitcoin transfers from an address linked to the Bhutanese government have attracted attention. According to information shared by the onchain data platform Onchain Lens, the address transferred a total of 21.52 $BTC to various platforms. According to the shared data, the
Bitcoin has recorded an unbroken streak of daily gains. According to market data, the cryptocurrency has recorded its eighth consecutive green daily candle. An eight-day streak The streak began with a powerful engulfing candle (Day 1) that pushed the price out of the mid-$60,000 range. Days 3 through 6 were characterized by steady green bodies.
President Donald Trump teased the idea of Venezuela becoming the 51st US state, sparking massive speculations. This comes amid Venezuela’s win over Italy in the World Baseball Classic (WBC) semifinal, advancing to face the United States in the final. However, the remark has triggered a pullback in Bitcoin price.