Strategy’s (MSTR) bid to join the S&P 500 index was rejected, despite meeting technical eligibility criteria, in what JPMorgan (JPM) calls a sign of growing caution toward companies that function as de facto bitcoin BTC$114,120.44 funds. The index committee’s discretionary decision is a setback not only for Strategy but for the growing number of corporate
Bitcoin bounced back from Tuesday’s low of $110,714 and topped $114,000 Thursday morning, reaching its highest level since August 24, per CoinGecko data. Its price movement comes as U.S. spot Bitcoin ETFs notched inflows of $757.1 million Wednesday, per SoSoValue, an eight-week high. In total, U.S. ETFs have accumulated $1.39 billion worth of Bitcoin in
For most of the past 12 months, it’s been better to own bitcoin (BTC) than Strategy (formerly MicroStrategy) stock. Indeed, over the past 250 trading days through yesterday’s close, MSTR has underperformed BTC 90% of the time. Although founder Michael Saylor promotes his common stock as a leveraged play on BTC — and BTC has
Summary Between the $110K support and the $115K resistance, Bitcoin is trading at about $114K. If Bitcoin breaks above $115K, Bitcoin price prediction analysts think it may move toward $118K–$130K; if it doesn’t, it could fall below $100K–$108K. Bullish potential is supported by stablecoin liquidity and ETF inflows, while downside pressure is increased by whale
Nasdaq-listed Forward Industries (FORD) said Thursday it has closed the $1.65 billion private investment in public equity (PIPE) deal to build out corporate crypto treasury centered on Solana SOL$225.17. The cash and stablecoin commitments, led by Galaxy Digital, Jump Crypto and Multicoin Capital, will fund the company’s plan to anchor its balance sheet in Solana’s
Bluwhale AI, a renowned AI platform, has collaborated with MelosBoom, a prominent Web3 music entity driven by DePIN Institute and Melos Studio. The partnership seeks to accelerate decentralized creativity with the merger of decentralized infrastructure, blockchain-led music innovation, and AI. As the official X announcement shared by Bluwhale discloses, the development reinforces the combination of
Early Bitcoin adopter and millionaire Jeremie Davinci has addressed the crypto community with an important message regarding BTC. Referring to the major virtues of Bitcoin, Davinci explained why it is important to hodl it. Key reason to HODL Bitcoin from Davinci Jeremie Davinci reminded the community that Bitcoin is a scarce asset limited to 21