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Bitcoin Holds Steady Above $86K as On-Chain Data Points to ‘Bullish Shift’
Bitcoin has shown signs of stabilization above the $86,000 mark after reclaiming the level earlier this week. This recovery marks a shift in short-term sentiment after several weeks of price turbulence. While the asset remains down approximately 20.2% from its all-time high set in January, the current rebound suggests a pause in downward pressure and…
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GameStop Announces $1.3 Billion Fundraising Plan to Purchase Bitcoin
Bitcoin Magazine GameStop Announces $1.3 Billion Fundraising Plan to Purchase Bitcoin GameStop Corp. (NYSE: GME) announced today that it intends to raise $1.3 billion through a private offering of convertible senior notes and will use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin. The move comes a day…
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GameStop’s Bitcoin Move Looks Bold—But It Might Be Brilliant
Bitcoin Magazine GameStop’s Bitcoin Move Looks Bold—But It Might Be Brilliant This week, GameStop quietly updated its investment policy to include Bitcoin as a treasury reserve asset. With approximately $4.78 billion in cash—nearly 37% of its $12.9 billion market cap—this move marks more than just a diversification of reserves. JUST IN: @GameStop updates its investment…
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BlackRock Launches Bitcoin ETP In Europe
Bitcoin Magazine BlackRock Launches Bitcoin ETP In Europe Asset management giant BlackRock has launched its first bitcoin product in Europe: a physically backed bitcoin exchange-traded product (ETP). The iShares Bitcoin ETP started trading Tuesday on Germany’s Xetra exchange and Euronext exchanges in Paris and Amsterdam. The ETP will trade under the ticker IB1T on Xetra…
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4 Reasons Why Bitcoin’s Rally Was Halted at $89K and Might Not Resume Soon
The start of the business week was quite positive for bitcoin, as its price jumped by several grand from the weekend stagnation and hit a multi-week peak of just under $89,000. However, it faced immediate resistance at that point and was pushed south to under $87,000 as of now. Here are some of the possible…
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Strategy Buys Another $584 Million Worth Of Bitcoin
Bitcoin Magazine Strategy Buys Another $584 Million Worth Of Bitcoin Business intelligence company Strategy has purchased an additional $584 million worth of bitcoin, increasing its total holdings to over half a million BTC. Strategy acquired 6,911 bitcoin between March 17-23 at an average price of $84,529 per coin. This brings the company’s bitcoin reserves to…
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These 7 Big Financial Technology Companies Expect Bitcoin’s Price to Melt Up
Crypto exchange prices for BTC surmounted months of resistance at $30,000 in Oct. 2023 to support above $60,000 in 2024. Then it hitched its wagon to Trump’s coattails and skyrocketed in Oct. 2024. After that, the world’s premier cryptocurrency hit a historical record high price of $109,000 on Jan. 20, 2025, according to data from…
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Bitcoin Stable at $84K – But 2 Red Flags Point to an Imminent Correction
The past week or so has gone without any major fireworks in either direction, unlike the events from the previous one, and BTC remains stuck at around $84,000. However, the cryptocurrency doesn’t tend to stay steady for long, so this could be simply the calm before the storm. Whale Activity Warning As we have explained…
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Plunge to $44K or Surge to $112K: Bearish and Bullish Bitcoin Price Predictions
The past several months were highly volatile for bitcoin, with price movements that took it from under $60,000 to almost $110,000 and a subsequent crash to below $80,000. Although the last week or so has been a lot quieter, that could be the calm before the storm. Here are the bullish and bearish scenarios for…
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Bitcoin Futures Open Interest Takes a Hit – Down 35% in 2 Months (Glassnode)
Since bitcoin (BTC) hit its all-time high (ATH) of $109,000 in mid-January, the leading cryptocurrency has plummeted by roughly 30%. This decline has extended beyond the asset’s price to the network’s open interest. According to data analyzed by the market intelligence platform Glassnode, Bitcoin Futures open interest is seeing a significant decline in speculation and…
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Bitcoin’s Hot Supply Drops 50% in 3 Months – Bullish or Bearish Signal?
The cryptocurrency market is still bleeding, but there may be signs that bitcoin (BTC) could likely be recovering soon. One of them is the asset’s hot supply, which refers to the amount of BTC that is available for trading. According to a tweet from the on-chain intelligence platform Glassnode, Bitcoin’s Hot Supply, a metric that…
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Bitcoin To Align With Wall Street? BlackRock Predicts A Price Shift Ahead
A BlackRock executive anticipates that the price of Bitcoin will increase in accordance with its growing institutional adoption. Robbie Mitchnick, BlackRock chief of digital assets, stated that Bitcoin remains 15% above its early November levels, despite recent price declines. He raised this point during an interview with Yahoo Finance on Wednesday. He believes that the…
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Pakistan Plans To Legalise Bitcoin And Crypto
Bitcoin Magazine Pakistan Plans To Legalise Bitcoin And Crypto Bilal Bin Saqib, CEO of the Pakistan Crypto Council, told Bloomberg on Thursday that Pakistan has plans to legalise bitcoin and crypto and implement a regulatory framework to attract foreign investment and boost adoption. JUST IN: Pakistan is looking to legalize #Bitcoin and crypto – Pakistan Crypto…
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Bitcoin (BTC) Bull Cycle May Be Over: CryptoQuant CEO Warns
Bitcoin’s price has fallen more than 22% from its all-time high of over $109,000, recorded on January 20, the day of US President Donald Trump’s inauguration. The sharp decline has sparked concerns among investors, with several key technical indicators signaling bearish momentum. The downturn comes as new liquidity inflows slow, which has prompted speculation that…
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Bitcoin To $10,000? Top Analyst Issues A Stark Warning
An analyst revealed on Friday that Bitcoin might suffer a 91% decline from the coin’s all-time high of $109,000 per coin in January 2025, suggesting that the most popular cryptocurrency could potentially crash. Mike McGlone believes that the firstborn crypto might plummet to a low of $10,000 per coin, reigniting concerns that Bitcoin might experience…
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Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India
Bitcoin Magazine Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major buyers China and India. According to a Reuters report, Russian oil companies and traders…
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Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation
Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained, according to Tradingview. Moreover, BTC market share…
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Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation
Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained, according to Tradingview. Moreover, BTC market share…
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Bitcoin Reclaims $90K But This Indicator Signals Possible Consolidation Phase
Bitcoin has started to recover gradually after experiencing a notable drop in recent weeks. So far, BTC has reclaimed the $90,000 level amid renewed market activity. The cryptocurrency surged nearly 10% yesterday, briefly reaching a high of $92,756 in the early hours of today before experiencing a minor pullback. At the time of writing, Bitcoin…
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Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy
Bitcoin Magazine Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy Brazilian fintech company Méliuz announced Thursday it had allocated 10% of its cash reserves into bitcoin, becoming the first publicly traded firm in the country to adopt a bitcoin treasury strategy. Méliuz invested $4.1 million to acquire 45.72 bitcoins at an average price of $90,926…
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Belarus President Wants To Mine Bitcoin & Crypto Using Surplus Energy
Bitcoin Magazine Belarus President Wants To Mine Bitcoin & Crypto Using Surplus Energy This week, Belarus’ President Alexander Lukashenko told the country’s Energy Minister Alexei Kushnarenko that he wants to use their surplus of electricity to mine cryptocurrency like Bitcoin to accumulate a reserve. “Look at this mining. More and more people are turning to…
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Howard Lutnick Says President Trump to Unveil Bitcoin Reserve Strategy This Week
Bitcoin Magazine Howard Lutnick Says President Trump to Unveil Bitcoin Reserve Strategy This Week Commerce Secretary Howard Lutnick revealed in an interview on Tuesday that President Donald Trump plans to announce a bitcoin strategic reserve later this week. Speaking to independent news outlet The Pavlovic Today, Lutnick stated that the President “definitely thinks there’s a…
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3 Bullish Signs for Bitcoin’s Price in the Week Ahead
There’s no way to sugarcoat what transpired in the cryptocurrency market in the past week. Take bitcoin, for example. It challenged the $100,000 level on February 21 but slumped by over twenty grand in the following week to dump to a three-month low of $78,000 last Friday, February 28. Although it managed to recover some…
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Bitcoin Boom’s Expiry Date? CryptoQuant CEO Reveals Timeline
Many people wonder about the length of Bitcoin’s rollercoaster journey that its price increase has been on. The bull run may persist until at least April 2025, argues CryptoQuant CEO, Ki Young Ju. Should this be the case, it could signal the longest ever Bitcoin bull cycle. Variations In Bitcoin’s Growing Rate Ju created a…
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