MicroStrategy slumped over the last trading day after disclosing its latest Bitcoin purchase, with some market observers raising concern over leverage. Shares in Michael Saylor’s MicroStrategy (MSTR) fell over 8% after its latest $209 million Bitcoin buy, with some observers starting to share concerns about its “leveraged” play. MSTR made the purchase just an hour…
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Stablecoin issuer Tether has moved over 8,400 Bitcoin to its reserve in its biggest move since March. Stablecoin issuer Tether moved nearly $780 million worth of Bitcoin into its corporate Bitcoin reserve in its largest move since March. Arkham Intelligence shows wallets tagged for Tether’s Bitcoin reserve as having received separate transfers of around 7628.9 BTC and 775.6…
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Some market analysts have warned of deep short-term price corrections before Bitcoin establishes a new all-time high. The price of Bitcoin dipped below the $94,000 price level on Dec. 29, down from an all-time high of about $108,000 recorded on Dec. 17, 2024. According to data from CoinMarketCap, Bitcoin was down roughly 1.29% in the last…
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According to data from MicroStrategy co-founder Michael Saylor, the company holds 444,262 Bitcoin, valued at roughly $41.4 billion. MicroStrategy co-founder Michael Saylor posted the Bitcoin chart from the SaylorTracker website on Dec. 29. The tech entrepreneur and BTC advocate typically posts the chart on Sundays before making a BTC purchase on Monday. “Disconcerting blue lines…
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Bitcoin’s potential price range in 2025 is quite significant, but it bears down to three major factors, according to the crypto mining firm Blockware. Bitcoin’s price in 2025 could rise up to four times or, at worst, increase by 58%, depending on Donald Trump’s Strategic Bitcoin Reserve plan and Federal Reserve policies, says crypto mining…
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Galaxy Research expects US government departments to make “some movement” in 2025 to explore an “expanded Bitcoin reserve policy,” but no Bitcoin will be purchased. Galaxy Digital’s research division predicts that the United States government will not buy any Bitcoin in 2025 but will safeguard its existing supply. “The US government will not purchase Bitcoin…
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The Japanese Prime Minister said it is “difficult for the government to express its views” on implementing a Bitcoin strategic reserve. The Prime Minister of Japan says his government currently lacks enough information about the United States and other countries’ plans for a Bitcoin strategic reserve to determine whether Japan should implement one. According to…
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Ethereum’s relative strength to Bitcoin may climb in January, which an analyst says might trigger an Ethereum “altcoin run.” Ether is showing signs of breaking out relative to Bitcoin in January 2025, according to a crypto analyst. TradingView shows Ether’s relative strength to Bitcoin — the ETH/BTC ratio — is currently at 0.0356. MN Capital founder Michael…
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BlackRock’s Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds. BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion. BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million…
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The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network’s security. Advancements in quantum computing have the potential to strengthen the Bitcoin network in the coming decades, even though there are widespread concerns about the technology’s ability to compromise cryptographic encryption. Industry insiders have previously voiced…
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