Bitcoin remains impressively stable near $118,000 even after a massive over-the-counter sale of 80,000 BTC, worth over $9 billion, hit the market. The transaction, executed by Galaxy Digital and tied to dormant Satoshi-era wallets from 2011, caused a brief 4% price drop last week. However, BTC quickly recovered, underscoring the strength of institutional demand. According…
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the proposed Truth Social Bitcoin ETF, extending the review deadline to September 18, 2025. Initially set for August 4, the ETF, backed by Trump Media & Technology Group, parent company of Truth Social, has attracted attention for both its crypto potential and its…
Marti Technologies, an Istanbul-based ride-hailing firm, announced that 20% of its cash reserves are allocated to Bitcoin. As a part of its new crypto treasury strategy, the app plans to increase crypto holdings to 50%. Marti is also considering accumulating other digital assets, including Ethereum and Solana, the company said Tuesday. The company plans to…
In a recent expert commentary, executives from BlackRock, the world’s largest asset manager and a leading issuer of cryptocurrency exchange-traded funds (ETFs), identified a significant trend in the cryptocurrency market, particularly for Bitcoin (BTC). They foresee a major surge ahead, driven by recent US legislative developments such as the signing of the GENIUS Act. They…
Ray Dalio, founder of Bridgewater Associates and one of the most influential voices in global finance, has issued a quiet yet powerful recommendation on why investors should consider allocating up to 15% of their portfolios into Bitcoin or gold. Dalio’s advice conveys a deeper message that the old playbook may no longer be applicable, and…
Bitmain, the global leader in the production of Bitcoin mining hardware known as application-specific integrated circuits (ASICs), is reportedly preparing to open its first manufacturing facility in the United States. The strategic move, first reported by Bloomberg, signals a notable shift for the mining hardware giant, aiming to enhance service delivery and streamline logistical processes…
Strategy (MSTR) — recognized as the world’s largest Bitcoin (BTC) treasury company — has made headlines with the successful closing of its initial public offering (IPO) of 28,011,111 shares of variable rate series A perpetual stretch preferred stock. Priced at $90 per share, this offering stands out as the largest US IPO of 2025 and…
The US SEC has approved in-kind redemptions for both Bitcoin and Ethereum spot ETFs, a move expected to enhance liquidity and efficiency for institutional investors. Meanwhile, the crypto market is flashing mixed signals today, with the total crypto market cap down by 3.8%. Bitcoin continues to trade sideways, slipping 0.4% over the past 24 hours…
As Bitcoin (BTC) continues to trade within its local range, the cryptocurrency eyes a trend continuation, aiming to go on uncharted territory again. Despite the bullish setup, an analyst suggests that investors start to become more cautious as the weeks progress. Bitcoin Bull Flag To Determine Next Move Since the early July breakout, Bitcoin has…
Bitcoin price is still holding the $117,250 support zone. BTC is consolidating and might attempt to clear the $118,600 resistance zone to gain bullish momentum. Bitcoin started a downside correction from the $120,000 zone. The price is trading below $118,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with…