Bitcoin trades at $101,102 after an 8.54% weekly decline pushed Trump Media’s $2 billion Bitcoin acquisition underwater, regardless of some bullish bitcoin price predictions earlier this 12 months that pushed BTC above $120k ATH. The firm bought between July 1 and 21, when Bitcoin traded round $118,000, and now holds over $1.3 billion in BTC…
Bitcoin’s mining trade is feeling the pressure as profitability plunges to its lowest level in months, forcing many operators to weigh shutdowns or strategic pivots. Key Takeaways: Bitcoin’s hash value has dropped to round $42 per PH/s, nearing break-even ranges that threaten smaller mining operations. High vitality prices and decreased block rewards are squeezing margins,…
American Bitcoin (ABTC), the Nasdaq-listed Bitcoin treasury and mining agency backed by Eric Trump and Donald Trump Jr., has grown its Bitcoin holdings to 4,004 BTC (valued at roughly $415 million), in accordance to a company announcement released Friday. Key Takeaways: American Bitcoin (ABTC), backed by Eric and Donald Trump Jr., has expanded its holdings…
The prolonged crypto downturn has left a deep mark on digital asset treasury firms, exposing the fragility of a enterprise mannequin constructed round holding risky crypto belongings on company steadiness sheets. Key Takeaways: Digital asset treasury firms are beneath heavy stress as the month-long crypto downturn erases billions in steadiness sheet worth. XRP-focused Evernorth has…
My First Bitcoin (MFB) has introduced it’s rebranding to start out a brand new chapter in its impartial BTC schooling initiative. The group shared vital modifications to its mission’s strategy as a part of its technique for world transition. From El Salvador To The World Non-profit group My First Bitcoin has announced its official transition…
Glassnode has defined how the Bitcoin choices Open Interest has been climbing just lately and appears set to discover new all-time highs (ATHs). Bitcoin Options Open Interest Has Already Bounced Back From Oct Expiry In a brand new thread on X, analytics agency Glassnode has mentioned in regards to the Bitcoin options market. This section…
Japan’s three largest banking teams have acquired the greenlight from the FSA for a stablecoin issuance and cross-border funds undertaking. Mitsubishi UFJ, Mizuho, & Sumitomo Mitsui To Jointly Issue Stablecoins As introduced in a press release by MUFG financial institution, its banking group, together with two different main monetary establishments, has simply acquired approval from…
A public analysis heart in Tenerife is getting ready to promote a stash of Bitcoin it purchased greater than a decade in the past — a holding that has grown from a modest experiment right into a multi-million greenback pot. Reports say the Institute of Technology and Renewable Energies (ITER), tied to the Tenerife Island…
Bitcoin has retraced its current restoration above $104,000 as information exhibits the Coinbase Premium Gap has continued to be unfavorable. Bitcoin’s Coinbase Premium Gap Has Been Red Recently As identified by CryptoQuant neighborhood analyst Maartunn in a brand new post on X, buyers on Coinbase preserve promoting Bitcoin. The indicator of relevance right here is…
Bitcoin is struggling to carry the $100K degree, with bulls unable to reclaim momentum as worry and uncertainty dominate the market. The value continues to commerce close to essential help, and regardless of robust on-chain fundamentals, sentiment stays fragile. According to high analyst Darkfost, the market is present process a profound transformation — one which’s…