Bitcoin advocate Anthony Scaramucci has suggested that the US Senate may agree to a significant government purchase of Bitcoin, potentially up to 500,000 BTC. Such a move, reportedly backed by President Trump, could introduce a strategic Bitcoin reserve and serve as a counterbalance to the nation’s existing $600 billion gold reserves, even if it risks … Read more
Bitcoin’s price has dropped to $94,000, ending a bullish trend that saw it surpassing the $100,000 mark earlier this month. Despite the drop, the Crypto Fear and Greed Index indicates that the market sentiment remains optimistic. Analysts attribute the price decline to profit-taking by some long-term holders and a slow down in market activity. With … Read more
In a surprising turn of events, it has been revealed that top 60 public companies have been quietly stockpiling bitcoin, with a total of 591,368 BTC in their possession. The list, shared by Microstrategy’s executive chairman Michael Saylor, showcases the dominance of the company with a staggering 444,262 bitcoins. This revelation sheds light on the … Read more
Digital asset management firm Bitwise has filed a registration with the SEC for a Bitcoin-centric ETF. The “Bitwise Bitcoin Standard ETF” aims to invest in companies with significant Bitcoin (BTC) assets or BTC-related revenues, aiming to mitigate custody, regulatory, and liquidity concerns. Companies must hold at least 1,000 BTC and maintain a $100 million market … Read more
Bitcoin price continued to decline below the $95,000 mark, indicating bearish signs with a potential drop below $92,000. Despite a brief rise above $94,000, the price is now consolidating losses below $95,000 and the 100 hourly SMA. A key bearish trend line is forming with resistance at $95,000, suggesting further downside movement. Immediate support lies … Read more
Crypto analyst Tony Severino predicts Bitcoin’s price could reach $133,000 during the strongest stage of this bull run. Meanwhile, Ali Martinez forecasts a more bullish peak of between $174,000 and $462,000 based on previous bull cycle patterns. Both analysts cite Relative Strength Index and the Market Value to Realized Value ratio as indicators for the … Read more
