Bitcoin may see a “decisive price move” in the near term, and while short-term volatility may continue, the long-term view “remains positive,” say analysts. Bitcoin could be headed for a “decisive price move” in the coming weeks as the US decides on its next Bitcoin move, amid other macroeconomic developments. Some analysts anticipate that direction…
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Creating a national stockpile of Bitcoin or cryptocurrency would turn any crypto held by the government into a “political weapon,” Maelstrom’s Arthur Hayes said. A Bitcoin strategic reserve in the US could be a “net negative” for the industry, as it could be used as a “political weapon” and even reversed if Democrats win the…
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El Salvador’s total Bitcoin stockpile has grown again and now stands at 6,068 Bitcoin, currently worth over $554 million. El Salvador has again stocked up its growing Bitcoin reserve, buying 12 Bitcoin in the last day amid a dip in the crypto markets. The country bought 11 Bitcoin on Feb. 4 for just over $1.1 million,…
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Bitcoin has dropped below $100,000 for the first time since Jan. 27 following Donald Trump imposing import tariffs on goods from China, Canada, and Mexico — which triggered immediate responses from the three countries. Bitcoin has dropped below $100,000 for the first time in six days following US President Donald Trump signing an executive order to…
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Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024. Tesla reported a $600 million gain from its Bitcoin holdings in the fourth quarter of 2024 thanks to new accounting rules that allow companies to record the market value…
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Bitwise’s Matt Hougan said crypto wouldn’t “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before. US President Donald Trump’s recent crypto executive order could disrupt the crypto market’s four-year boom and bust cycle that it has seen over the last decade, says Bitwise investment chief Matt Hougan. Trump’s…
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From digital red packets to memecoins, Bitcoin continues its love affair with Lunar New Year in 2025. Lunar New Year has become a global celebration and a surprisingly positive period for Bitcoin and crypto — replete with modernizing the hongbao (financial gifts in red envelopes), memecoins bearing the year’s zodiac animal and increased trading activities in Asian hours.…
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Goldman Sachs CEO David Solomon called the original cryptocurrency an “interesting speculative asset.” Goldman Sachs CEO David Solomon doesn’t view Bitcoin as a danger to the US dollar and sees its fundamentals as valuable for banks. “I do not think Bitcoin is a threat to the US dollar,” Solomon said in a Jan. 22 interview with CNBC…
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El Salvador’s total stockpile now stands at 6,044 Bitcoin, worth over $617 million, after the country bought an additional 12 BTC in the last day. El Salvador has bought 12 Bitcoin for its reserve in the past day, despite an earlier deal with the International Monetary Fund to dial back some of the country’s crypto…
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More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000. Crypto market liquidations over the last 24 hours have reached over $1 billion as Bitcoin briefly fell back below $100,000 after reaching near its all-time high. CoinGlass shows that in the past day, $1.18 billion has been liquidated from nearly…
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