Crypto markets have tanked around 4% over the past few hours, with total capitalization falling to a three-week low of $2.74 trillion. Around $150 billion left spot markets while almost 170,000 traders were liquidated, with total liquidations exceeding $500 million, according to CoinGlass. Bitcoin prices tanked more than 6% from an intraday high of $87,790 […]
In a filing with the SEC on April 1, the video game retailer reported that it had completed a private offering of $1.5 billion in Convertible Senior Notes due 2030, including the full exercise of the initial purchaser’s option for an additional $200 million. The filing specifically mentioned Bitcoin in the “Proceeds” section. It stated that […]
TL;DR Historical trends, post-halving momentum, and potential US interest rate cuts are aligning in favor of a BTC rebound in Q2. The rising number of whales could further boost market sentiment and drive renewed demand for the primary cryptocurrency. What Could Play a Positive Role? Bitcoin (BTC) started the year on the right foot and […]
Hut 8 Corp. has launched American Bitcoin Corp, a majority-owned subsidiary designed to focus on industrial-scale Bitcoin mining and reserve development. This move follows the crypto mining company’s strategic decision to contribute nearly all of its ASIC miners to American Data Centers, Inc. in return for a majority stake in the company. The company, initially […]
Bitcoin’s price was rejected this week, showcasing the insufficient bullish momentum in the market. Nevertheless, the asset faces a substantial support range at the $80K mark, which is expected to hold the price in the short term. Technical Analysis By Shayan The Daily Chart Bitcoin has recently experienced a notable rejection after briefly breaking above […]
In March, corporate treasuries from Virginia to Texas, California, and Japan added Bitcoin to their books as a financial strategy. This is beginning to become a trend with factorable implications for Bitcoin’s price. Bitcoin ETFs on Wall Street flipped back to a streak of decisively positive inflows in March. These are custodial services of on-chain […]
The past week or so has gone without any major fireworks in either direction, unlike the events from the previous one, and BTC remains stuck at around $84,000. However, the cryptocurrency doesn’t tend to stay steady for long, so this could be simply the calm before the storm. Whale Activity Warning As we have explained […]
Recently, both North Carolina and Minnesota have introduced legislation aimed at expanding Bitcoin adoption amidst a growing trend among US states to explore cryptocurrency reserves. In North Carolina, the State Senate has passed SB327, a bill that authorizes the State Treasurer to allocate up to 10% of its public funds into Bitcoin. North Carolina, Minnesota […]
Prominent business intelligence firm and the world’s largest corporate holder of the Bitcoin Strategy has announced plans to bid 5 million shares of its Series A Perpetual Strife Preferred Stock (PSPS) through a public offering. The company plans to use the proceeds for general corporate purposes, including working capital and the acquisition of Bitcoin. However, […]
After weeks and weeks of consecutive days deep in the red, the spot Bitcoin ETFs registered their best day since February 4 in terms of net inflows on Monday. However, the same cannot be said about the spot Ethereum ETFs, as their negative streak has extended to nine days. BTC ETFs’ Return? The spot BTC […]