Kazakhstan’s monetary authority is planning to convert some of the nation’s existing reserves into crypto assets, one of its top managers has indicated. Addressing lawmakers, the high-ranking executive added that state-owned enterprises could also contribute to the country’s new cryptocurrency reserve. Kazakhstan’s central bank intends to buy crypto Deputy Chairman of the National Bank of
Bitcoin (BTC) has continued its downward trajectory this week, with the crypto king losing more than 8% in value over the past 48 hours. The decline has confirmed a bearish pattern that could lead to further losses if selling pressure persists. The final outcome, however, hinges on how investors respond as Bitcoin hovers around key
Story Highlights Over $1.14B in Bitcoin was liquidated in one of crypto’s biggest sell-offs, but experts say it’s client-driven, not institutional dumping. Despite record liquidations, Bitcoin holds above the 50-week average, with analysts confident in strong fundamentals and long-term growth. The crypto market is currently experiencing significant consolidation following one of the largest liquidation events
In the face of the sharp and sudden declines in Bitcoin (BTC) and altcoins, the BTC price fell below the critical level of $ 100,000. While bearish rhetoric increased in the face of this decline in BTC, one analyst said that BTC was consolidating after mass liquidations and had not entered a bear market. Speaking
Swedish crypto asset management company Virtune announced the launch of the Stablecoin Index ETP on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra. Summary Swedish-regulated asset manager Virtune has launched Europe’s first stablecoin-focused exchange-traded product, the Virtune Stablecoin Index ETP. Backed by crypto assets held with Coinbase and listed across major European exchanges, the ETP
While bitcoin’s BTC$103,770.34 decline below $100,000 yesterday was of significant symbolic importance, it’s the $95,000 level which could prove key, according to James Check, or Checkmate, as he’s known in the online world. Nearly 57% of all dollars invested in bitcoin are now underwater at the $100,000 level, according to Check, helping to explain the
Strategy (formerly MicroStrategy), the world’s largest Digital Asset Treasury (DAT) company, plans to never sell any of its bitcoin (BTC). However, to accomplish that feat, there are substantial annual costs to service its holdings: currently $689 million and rapidly increasing. Broadly speaking, the company, which holds $66 billion worth of BTC, has cash obligations to
Bitcoin’s latest drop appears to be driven less by leverage and more by conviction fading among its oldest holders. Summary Bitcoin price has fallen nearly 20% from last month’s peak above $126,000, trading around $102,000 at press time. Long-term holders have sold roughly 400,000 BTC, worth about $45 billion, over the past month, signaling waning
The Office of the Comptroller of the Currency faces pressure from bank lobbyists as crypto exchange Coinbase demands a fair path into regulated finance. Two of Washington’s most influential banking lobbies, the Independent Community Bankers of America (ICBA) and the Bank Policy Institute (BPI), have urged the Office of the Comptroller of the Currency to
Contrarian bulls might be taking some heart as at least one well-followed analyst is throwing in towel on his hefty year-end price target for bitcoin BTC$102,019.12. “While bitcoin’s structural investment case remains strong, cyclical dynamics have evolved,” Alex Thorn, head of research at Mike Novogratz’s Galaxy Digital, wrote in a Wednesday morning note to clients.