The Royal Government of Bhutan transferred 100 Bitcoin worth $6.77 million to QCP Capital’s WBTC merchant deposit address (bc1qt) on Thursday. Although the motive of the transaction remains unknown, it suggests that the government is taking actionable steps to sell some of its Bitcoin holdings. On Thursday, the Royal Government of Bhutan transferred 100 Bitcoins,
Bitcoin can bottom soon because a 2026 recession, or a stock market crash, keeps looking like the outlier scenario My core idea around the Bitcoin market has remained the same since last September, before we hit the all-time high in October. I laid it out clearly in my medium-term $49,000 Bitcoin bear thesis published on
Experts reporting from Bitcoin Investor Week in New York argue that despite price fluctuations in the market, institutional interest is higher than ever and the appetite for “buying the dip” is surging. Prominent figures in the cryptocurrency world, Scott Melker (The Wolf Of All Streets), Andrew Parish, Tillman Holloway, and Bill Barhydt, unveiled the behind-the-scenes
U.S. equities traded mixed midday Thursday, with the Dow Jones Industrial Average edging higher while the S&P 500 and Nasdaq Composite remained under pressure as investors recalibrated rate expectations and rotated out of high-growth technology shares. Wall Street Splits as Dow Grinds Higher While Tech Drags Nasdaq Lower As of late morning Feb. 12, the
Taurus, a leading provider of digital asset infrastructure backed by Deutsche Bank, Credit Suisse, and State Street, has joined forces with Blockdaemon, which powers institutional staking across over 60 protocols, to bring institutional-grade staking services to global banks and financial institutions. With this collaboration, Taurus clients can now stake assets across major proof-of-stake (PoS) networks
The sharp drop in Bitcoin has deeply affected El Salvador, which gained global attention by declaring BTC as its official currency. President Nayib Bukele’s high-risk crypto strategy has caused volatility in the country’s debt markets and heightened investor concerns. Bukele made history as the first leader to make Bitcoin a legal tender alongside the US
New York — Bitcoin BTC$65,503.53 isn’t just a hedge against inflation, according to $ARK Invest CEO Cathie Wood, but against something more disruptive: deflation driven by technological acceleration. In a conversation with Anthony Pompliano at Bitcoin Investor Week in New York, Wood argued that traditional financial systems are unprepared for a coming “productivity shock” powered
Bitcoin BTC$66,988.52 has fallen back to the low end of its recent trading range during late-morning U.S. trading hours on Thursday as the tech-heavy Nasdaq tumbles 1.6%. Trading at $65,700, bitcoin is now lower by 1.5% over the past 24 hours, while ether ETH$1,961.10, just above $1,900, is down more than 2%. The bitcoin price
In today’s newsletter, Joshua De Vos, head of research at CoinDesk, summarizes their latest crypto ETF report covering U.S. adoption, the speed at which it’s happening and asset concentration. In Keep Reading, we link to the U.S. and Global ETF reports for those who want to do a deeper dive. – Sarah Morton Digital assets