Establishing a national Bitcoin (BTC) strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique told Cointelegraph that any government holding significant portions of the BTC supply could manipulate prices by dumping its holdings onto
With three days left in September, bitcoin hovers around the $109,000 range and the market’s already chanting “Uptober,” the crypto calendar’s most meme-able month for momentum. October Playbook: Why BTC Die-Hards Treat ‘Uptober’ Like a Holiday September hasn’t been a disaster, but it hasn’t been a joyride either. Over the past two weeks, bitcoin has
US President Donald Trump shared a humorous image targeting Federal Reserve Chair Jerome Powell on social media on Saturday. The image shows Trump telling Powell, “You’re Fired!” Trump has frequently voiced criticism of Powell, who has long been reluctant to cut interest rates. Jerome Powell image shared by Trump. The Fed cut interest rates for
In a recent trend within Brazil’s cryptocurrency landscape, small and medium-sized enterprises (SMEs) are becoming pivotal players. Daniel Cunha, leading Corporate Development at Mercado Bitcoin, the premier cryptocurrency exchange in Brazil, shared that these businesses constitute approximately 10% to 15% of the platform’s assets. Their primary aim is not speculative trading but rather securing their
Analyst Benjamin Cowen says he’s bullish on Bitcoin (BTC) despite the crypto king falling by around 12% from its all-time high price. In a new strategy session, Cowen tells his 933,000 YouTube subscribers that the downturn in Bitcoin is nothing out of the ordinary in the month of September during the post-halving years. “So, as
The third quarter is turning out to be a tough period for companies that followed in the footsteps of Michael Saylor’s Strategy (previously known as MicroStrategy). The stock prices of these companies are slipping as their total share value dip below the worth of their crypto holdings. Several digital asset treasuries, or DATs, began buying
Derivatives products, like options contracts — financial instruments that give investors the right but not the obligation to buy or sell an asset at a pre-determined price — will drive the Bitcoin (BTC) market capitalization to at least $10 trillion, according to market analyst James Van Straten. Van Straten said that options and other derivatives
According to a report published by cryptocurrency options analysis platform GreeksLive on September 27, sentiments are complexly divided among market participants. According to the data, some investors sold Bitcoin (BTC) calls at $110,000, while others bought puts at $109,000. These opposing positions reflect skepticism about the market’s fourth-quarter outlook. Some investors are calling the optimistic
Strive Asset Management (ASST) has acquired Semler Scientific (SMLR) in an all-stock deal. While historic, the move also drew attention to what may be a problem for investors valuing bitcoin treasury firms. The acquisition was the first-ever merger between two Digital Asset Treasuries (DATs) holding bitcoin, giving the combined company control of more than 10,900
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