Today, finally, there is positive news regarding the price of Bitcoin. A couple of weeks ago, in fact, the price of BTC was above $115,000, but then a correction began that might have ended yesterday. Although it seems that some news released yesterday triggered today’s bounce in Bitcoin’s price, in reality, there had already been
Strategy issued $50 million in preferred stock to fund its latest Bitcoin purchase, leaving common shareholders undiluted as its market cap approached a key threshold, the Bitcoin-buying firm signaled in a blog post on Monday. The Tysons Corner, Virginia-based company was recently valued at $71 billion, reflecting a 1.06x premium against its $67.8 billion Bitcoin
Crypto majors surged following news of the U.S. government’s reopening, with Bitcoin (BTC) up 4% to $106,000, Ethereum (ETH) gaining 4% to $3,590, Binance Coin (BNB) rising 1% to $996, and Solana (SOL) advancing 5% to $168. Among the top movers, Starknet (STRK) soared 40%, Wolfi (WLFI) jumped 27%, Pump (PUMP) climbed 17%, and Near
Continuing its weekly Bitcoin purchases, Strategy (MicroStrategy) made its weekly Bitcoin (BTC) purchase and announced that it purchased 487 BTC last week. Accordingly, Strategy purchased 487 BTC worth $49.9 million at an average price of $102,557. Strategy founder Michael Saylor announced the news via a post on his X account. “Strategy purchased 487 BTC for
Bitcoin and Ethereun funds shed more than $1.17 billion in the past week, according to a new report from digital asset manager CoinShares. BlackRock’s iShares Bitcoin and Ethereum funds accounted for $876 million worth of withdrawals last week, more than any other issuer. The Fidelity Wise Original Bitcoin Fund accounted for another $438 million worth
Shares of IREN, the bitcoin mining firm turned AI infrastructure player, are higher by more than 500% year-to-date, but that might just be a start, according to one Wall Street bull. Following the company’s third-quarter earnings report last week and its $9.7 billion, five-year deal with Microsoft to deliver 200 megawatts of AI compute at
Ripple CTO David Schwartz recently joined a conversation on X that highlighted Bitcoin’s value proposition. Bitcoin enthusiast Rajat Soni had initiated a discussion on Bitcoin and at one point chipped in a statement about Bitcoin’s value: “1 BTC = 1 BTC,” a commonly used phrase in the cryptocurrency space, adding that, “If you look at
The cryptocurrency market is mainly green today, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has risen by 3.7% over the past day. On the hourly chart, the price of BTC has made a false breakout of the local resistance of $106,482. If the daily bar closes far from it, traders may witness a
U.S. spot Bitcoin exchange-traded funds recorded their third-largest weekly outflows since launch, with $1.22 billion in net redemptions. Summary US Bitcoin ETFs logged $1.22 billion in combined net outflows over the past week. On Friday, these funds recorded the largest single-day outflows since August, with over $555 million in outflows. Bitcoin’s price has started to
The nearly 40-day government shutdown in the US may be coming to an end. While no agreement on a temporary budget has been reached, the US Senate has finally passed a temporary funding bill that will fund the government until January. The bill was passed with 60 votes in favor and 40 against, but it