Treasury Secretary Scott Bessent has formally verified the US government’s status as among the world’s largest Bitcoin holders. This marks a significant step forward in the country’s expanding cryptocurrency ecosystem where not only general public, but the government itself, that once was against the notion of cryptocurrency itself, seems to be inclined towards considering Bitcoin
Shares of Strategy (MSTR) are down about 3.6% today, weighed by a slide in Bitcoin. The broader crypto market is under pressure. Bitcoin slipped roughly 2% over the past 24 hours, retreating from recent highs. That drop is rippling into crypto-linked equities — Strategy is one of the most exposed. Strategy (MSTR) is currently trading
Despite several major catalysts, Bitcoin’s price fell from its all-time high, reaching critical support. Summary Bitcoin’s price is falling despite record ETF inflows and adoption Stocks and gold have fared much better compared to BTC this week Still, declining confidence in the dollar may boost Bitcoin and gold Bitcoin’s price is slowing, despite record ETF
Fed Chair Jerome Powell avoided discussing monetary policy during his Oct. 9 Community Bank Conference remarks, supporting Bitcoin’s continued advance toward $150,000. Matt Mena, Crypto Research Strategist at 21Shares, stated in a note that this was a “strategic omission” by Powell. He characterized the narrow focus as “effectively a green light for risk assets” because
Bitcoin (BTC) state, following its new all-time high of $126,000, is facing tests from profit-taking and elevated leverage. As Glassnode reported on Oct. 8, mid-tier holders that have accumulated between 10 and 1,000 BTC have driven demand over recent weeks, while whale distribution has eased since earlier this year. The Trend Accumulation Score shows that
Key Takeaways Bitcoin’s brief dip to $120K triggered over $120 million in liquidations, led by Bitcoin, Ethereum, and Solana positions. Analysts describe the pullback as a healthy correction before potential continuation of the uptrend. Bitcoin pulled back to the $120,000 level today, triggering over $120 million in liquidations across major crypto assets within the past
A bill intended to establish a Bitcoin strategic reserve for the US state of Massachusetts received a tepid response after its first legislative action in eight months. In a Tuesday hearing of the Massachusetts legislature’s Joint Committee on Revenue, state Senator Peter Durant testified regarding the bill he sponsored, “an Act relative to a Bitcoin
Retail Bitcoin traders made themselves heard today, causing $700 million in crypto liquidations. The price of BTC fell by around $4,000 as on-chain activity spiked, even though institutions kept buying. Whether or not BTC keeps dropping or recovers soon, we need to pay attention to these dynamics. Corporate liquidity is very influential in the market,
Bitcoin could be exposed to quantum computing threats as experts warn the network must prepare for a post-quantum future. Summary Charles Edwards warns Bitcoin’s core cryptography may not survive the rise of quantum computing and urges the community to build defenses before 2026. Deloitte reports that 4.5 million Bitcoin worth around $550 billion remain stored
Precious metals are soaring in response to the US dollar debasement, with gold hitting $4,000 per ounce and silver reaching a 45-year high of over $50 per ounce. Still, the precious metal rally may be running out of steam, paving the way for investor rotation into alternative store-of-value assets like Bitcoin (BTC) and tokenized real-world