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El Salvador buys 12 Bitcoin in a day, bringing reserve to 6,068 BTC

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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El Salvador purchases 2 additional BTC in a single day

The adoption of Bitcoin as a strategic asset by smaller nation-states may be the catalyst that drives bigger countries to follow suit. El Salvador purchased two additional Bitcoin on Feb. 1. The country typically acquires one Bitcoin per day as part of its Bitcoin strategic reserve initiative but has been purchasing BTC at an accelerated pace.…
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Bitcoin analysts explain why BTC could avoid a drop under $90K

Bitcoin whales, an increase in speculative appetite and other macroeconomic factors are playing a role in keeping BTC price above $90,000. Bitcoin’sprice dropped to a new range low at $91,055 on Jan. 9, its lowest value since Dec. 1. The next psychological support range remains under $90,000, and some market analysts continue to forecast a…
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Bitcoin whales have scooped up 34K BTC since December dump: Analyst

Institutions dumped huge amounts of Bitcoin in late December after its peak high, but they’re now back to buying with it below $100,000, says Blocktrends’ Cauê Oliveira. Large Bitcoin holders are back to buying huge amounts of the cryptocurrency after its price dove toward the end of 2024 following a record six-figure high, says a…
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BTC price ‘breakdown confirmed?’ 5 Things to know in Bitcoin this week

Bitcoin is struggling to preserve monthly support, but below the surface, BTC price metrics are giving bulls cause for confidence. Bitcoin counts down to the end of 2024 trading in a crucial area for its latest bull run. Bitcoin price volatility is “brewing” in short timeframes, according to analysis, as monthly support comes into view. Jobless…
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Will ETH outperform BTC in Jan? IRS DeFi broker rules, and more

An analyst says Ether’s potential to outperform Bitcoin at the beginning of 2025 may lead to a wider “altcoin run in the Ethereum ecosystem,” US-listed Bitcoin, Ether ETFs tally a combined $38.3 billion in net inflows for 2024, and more. IRS issues rules on digital asset reporting, says front-ends are brokers The United States Internal…
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Binance Bitcoin reserves hits January levels — months before BTC jumped 90%

Bitcoin reserves on Binance have fallen under 570,000 BTC, the lowest level since January. Will history repeat itself? Bitcoin reserves on Binance, the world’s largest crypto exchange by trading volume, have dropped to levels not seen since January 2024, just two months before Bitcoin’s price skyrocketed 90% in March. If Bitcoin follows the same pattern…
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Trump may use Bitcoin as US reserve asset on ‘day one’ — How high will BTC price go?

A potential Trump executive order making Bitcoin a US reserve asset might drive a $20 billion BTC purchase in 2025. President-elect Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin as a United States reserve asset, according to Jack Mallers, founder and CEO of Strike. A 200K…
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BTC price back to $94K? 5 Things to know in Bitcoin this week

Bitcoin faces a giant inefficiency on short timeframes as a week full of potential volatility starts with a wobble. Bitcoin BTC$96,053 saw its first weekly close above $100,000, which was a volatile start to a new trading week. Weekly close records do not last long as analysis warns that the market should fill a $10,000 downside wick…
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‘Potential top’ for Bitcoin as long-term holders sell 828K BTC in 30 days

A crypto analyst says Bitcoin is in a state of “musical chairs” right now and warns that traders should be “prepared when the music stops.” Bitcoin’s climb toward $100,000 has seen a significant amount of offloads from long-term holders, which some analysts say signals a potential top that could turn markets bearish and catch traders…
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