SpaceX, led by Elon Musk, transfers Bitcoin assets for the first time in three years.
Simply put SpaceX is consolidating its Bitcoin holdings, valued at $153 million, into a single wallet, according to Arkham Intelligence data. Private companies generally hold 8,285 Bitcoin, which is about $990 million in total. This movement comes amid some public disputes with former President Donald Trump, leading to increased concern among investors regarding SpaceX. According […]
Is Bitcoin Able to Stay Above $120K? Opinions are Divided
Simply put Bitcoin reached a new all-time high of over $122,000 last week. However, it has since struggled to maintain these gains and is now trading below $120,000. The question remains whether bullish traders can regain lost ground, but short-term outlooks have weakened slightly. Bitcoin has made history with its remarkable rise, hitting over $122,000 […]
Analyst Predicts SEC Approval for In-Kind Redemptions for Bitcoin and Ethereum ETF Issuers
Simply put Bloomberg analyst James Seyffart has noted a growing likelihood that the SEC will approve physical redemptions for Bitcoin and Ethereum ETFs. Five publishers, including those for Bitcoin and Ethereum ETFs at CBOE, have made amendments to their prospectus, indicating a promising direction from regulators for approving these kinds of repayments. However, the SEC […]
Bitcoin sellers may be running out as traders consider a $115K price drop.
Key Points: The momentum in the Bitcoin market has slowed following its peak, but investors are still eager to take action. GlassNode reports that while profitability has cooled, there are still opportunities for new gains. Traders are eyeing a liquidity level of $115,000, anticipating a potential dip in BTC prices. Bitcoin (BTC) is currently navigating […]
Spot Bitcoin ETFs end 12-day inflow streak due to profit taking
Recent Trends in Bitcoin and Ether ETFs On Monday, Spot Bitcoin Exchange-Traded Funds (ETFs) experienced a significant outflow, totaling $131.35 million. This marked the conclusion of a noteworthy 12-day period that had drawn in $6.6 billion in inflows. The largest withdrawal was seen in ARKB from ARK Invest, which reported a decrease of $77.46 million […]
It’s not only bitcoin. Companies are now including ethereum in their assets.
Bitcoin (BTC-USD) isn’t the only cryptocurrency capturing corporate interest. A handful of companies are now investing in Ethereum and its token, Ether (ETH-USD), eager to tap into the underlying technology of decentralized finance and digital assets. So far, most firms taking this route are smaller entities in the crypto sector, like Bitmine Immersion Technologies (BMNR), […]
Trump Media Purchases $2 Billion in Bitcoin and BTC Securities for its Funds
Simply put Trump Media announced on Monday that it has acquired $2 billion in Bitcoin. The company had already revealed its strategy for Bitcoin acquisition back in May. Since the announcement, Trump Media’s stock has risen by approximately 6%. Trump Media and Technology Group has officially bought $2 billion in Bitcoin and related securities for […]
Strategy Increases Bitcoin Holdings with Recent $739.8 Million BTC Acquisition
Simply put Bitcoin Treasury Company Strategy has spent almost $740 million on Bitcoin acquisitions. This firm, located in Tyson Corner, Virginia, reportedly holds 607,770 digital coins. Bitcoin recently dipped to just below $119,000. On Monday, the Strategy for becoming the world’s largest corporate Bitcoin holder revealed it had acquired 6,220 Bitcoin for approximately $739.8 million. […]
Trump Media Announces Bitcoin Treasury Holdings Have Hit $2 Billion
On Monday, Trump Media and Technology Group announced it has amassed $2 billion in Bitcoin and related securities. Additionally, it has set aside $300 million to enhance its strategy for acquiring Bitcoin-related securities. This accumulation is part of a previously outlined financial approach towards Bitcoin. Trump Media mentioned that it will continue to acquire Bitcoin […]
‘Rich Dad, Poor Dad’ author cautions that the Bitcoin ‘bubble’ might soon collapse.
Kiyosaki Warns of Possible Bitcoin, Gold, and Silver Bubble Burst Robert Kiyosaki expressed disagreement with most crypto analysts on Monday, suggesting that the Bitcoin “bubble” might burst soon, taking gold and silver down with it. He stated, “Bubble is about to start arrest.” When these bubbles burst, that’s when he plans to start buying. He […]