Cryptocurrency

The price of bitcoin {{{BTC}}} fell to as low as $67,000 during Friday’s Asian trading hours, down 7%, before recovering to around $68,500. The CoinDesk 20 index, a measure of the largest and most liquid digital assets, fell 6%. Data from CoinGlass shows that over $100 million in long positions have been wiped out over […]

In a post on X (formerly Twitter), Bukele referred to the new setup as “our first #Bitcoin piggy bank.” El Salvador stored the cold wallet “in a physical vault within our national territory,” he said, including a photo of a wallet that held 5,689.68 BTC, worth $411 million at Thursday’s prices. A bitcoin treasury of that size […]

Whenever Michael Saylor utters the word “bitcoin,” MicroStrategy shares pop. He has been doing a lot of uttering lately. On Monday, the MicroStrategy founder posted on social media platform X that his company had just purchased another 12,000 bitcoins for close to $822 million “using proceeds from convertible notes & excess cash.” That brings MicroStrategy’s total holdings to […]

Led by the BlackRock Inc.’s iShares Bitcoin Trust (IBIT), inflows to the 10 spot bitcoin ETFs hit a one-day high on Tuesday of over $1 billion, according to the research arm of cryptocurrency exchange BitMex. IBIT generated nearly $850 million in inflows alone for the day. Since it started trading on Jan. 11, IBIT has received more […]

Bitcoin’s price continues to set a series of new all-time highs this week, surpassing $73,000 on March 13. Its strong performance is producing approximately 1,500 “millionaires” daily, according to data from Kaiko Research. Bitcoin price hits a new all-time high above $73,000 Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price rose from an opening at $71,473 […]

The only publicly traded cryptocurrency exchange in the U.S., Coinbase (COIN), announced a plan to cash in on the recent rally in digital assets by raising $1 billion through selling convertible bonds, avoiding an equity sale that could hurt its stock price and also following the path Michael Saylor’s MicroStrategy has taken to fund its […]

The crypto wallets of Elon Musk’s companies have been located, according to blockchain analytics company Arkham Intelligence. Arkham cross-referenced financial reports with on-chain activity to locate the massive wallets. Tesla Inc. and SpaceX have a combined total of around 19,800 Bitcoins, according to Arkham. The stash is divided across many wallets: Tesla holds around 11,500 […]

It’s still early in the Bitcoin bull market because the BTC price of $71,000 is equivalent to the $20,000 mark of the previous bull cycle, according to Willy Woo, a Bitcoin analyst and managing partner at CMCC Crest. Woo’s Bitcoin price model upper bound is $337,000 Bitcoin breached the record $71,000 mark on March 11, […]

The crypto market displays strength as Bitcoin price sets a new all-time high at $72,800 on March 11. Data from Cointelegraph Markets Pro and TradingView shows that BTC rose from an opening at $69,032, soaring 5.7% to set a new year-to-date high of $72,850 on Monday, March 11. BTC/USD daily chart. Source: TradingView This remarkable performance from Bitcoin has led to concerns regarding […]

Bitcoin (BTC-USD) on Monday surged above $72,000, a new all-time high, but that’s far from the peak expected by some who track the world’s largest cryptocurrency. Lender Standard Chartered anticipates bitcoin will reach $100,000 by the end of the year. Research firm Fundstrat has a target range of $116,000 to $137,000. Hedge fund SkyBridge predicts […]