Bitcoin ($BTC) has been in a sharp downtrend over the past two weeks, facing steady declines as selling pressure, market volatility, and negative sentiment weigh on its price. During one of its recent market crashes, a crypto analyst noted that $BTC had officially broken below a critical four-month support level, leaving the cryptocurrency in a
Strategy’s First Bitcoin Sale When the largest corporate holder of Bitcoin sells, the market takes notice. According to the latest WuBlockchain Weekly, Strategy (formerly MicroStrategy) executed its first-ever Bitcoin sale this week, signaling a potential shift in how the firm manages its massive crypto treasury. The sale breaks a years-long pattern of accumulation that made
Bitcoin Treasury Capital (BTCB) has announced the upcoming launch of ‘$BTC PREF,’ a preferred stock that the company describes as Sweden’s first Bitcoin-backed preferred equity instrument. The stock will carry a 10% annual dividend and is scheduled to begin trading on the Spotlight Stock Market on July 20. What Is ‘$BTC PREF’ and How Does
While the cryptocurrency market has been shaken by a sharp correction in recent days, the fact that US stock markets are hitting record highs is confusing investors. Renowned macro analyst and FFTT founder Luke Gromen unveiled the reasons behind this contradiction in a recent broadcast. According to Gromen, Bitcoin is the “last working smoke detector”
In brief Strategy’s stock tumbled to a four-month low on Friday, and its flagship preferred stock slipped again. Benchmark-StoneX analyst Mark Palmer said STRC’s swoon “isn’t a real concern,” noting that the firm can hike its dividend to stoke demand. After Strategy disclosed that it sold 32 Bitcoin for $2.5 million this week, the company’s
Bitcoin price has fallen below $60,000 today, extending its 10-day decline to about $19,000 as selling pressure accelerated across the crypto market. More than $155 million in crypto long positions were liquidated within 60 minutes and $1.5 billion in the last 24 hours, adding to volatility as $BTC moved below the key $60,000 support area.
Bitcoin price has fallen below $60,000 after a stronger-than-expected U.S. jobs report prompted traders to scale back expectations for Federal Reserve rate cuts and price in a higher probability of policy tightening later this year. According to data from crypto.news, Bitcoin ($BTC) price fell to an intraday low of around $59,100 on June 5 before