The cryptocurrency rebounded above $97,000 as trading volume surged over 60% after a somewhat slower Superbowl weekend. Bitcoin Tops $97K After Superbowl Weekend Bitcoin (BTC) is trading at $97,594.51 at the time of reporting, reflecting a 1.49% increase over the past 24 hours and a 2.
BTC price momentum is still lacking as the active Bitcoin trading range gets ever narrower.
Japan is mulling over presenting cryptocurrencies as securities-like financial products to mandate companies to reveal more details and safeguard investors. Crypto Assets to be Classified as Financial Products to Protect Investors Japan's Financial Services Agency (FSA) is considering significant reforms to its crypto regulations, aiming to classify crypto assets as financial products akin to securities.
Cryptocurrency analyst Benjamin Cowen sees recent labor market data and inflation expectations potentially having significant implications for Bitcoin's (CRYPTO: BTC) price trajectory in the near term. What Happened: In a podcast on Feb. 9, Cowen highlighted the unexpected drop in the U.S. unemployment rate to 4% and a sharp increase in inflation expectations as key factors that could influence Bitcoin's performance.
Another week, another CoinShares report, and another billion-dollar influx into digital asset investment products. The numbers do not lie; there were $1.3 billion in inflows this time, making it five weeks straight of steady capital pouring in.
In a recent tweet, Bitcoin historian Pete Rizzo highlighted a historic prediction made by Hal Finney, one of the first Bitcoin users and a leading candidate for Satoshi Nakamoto's true identity. According to Rizzo, Finney predicted a $1,000,000 Bitcoin price exactly 14 years ago.
Strategy executed its first Bitcoin purchase since its rebrand and 2024 Q4 earnings report from last week.
Japan's FSA is considering classifying crypto as financial products like securities by 2026, potentially leading to Bitcoin spot ETF approval and a crypto tax cut from 55% to 20%. The post Japan's FSA Plans Crypto Tax Cuts, Bitcoin Spot ETF Approval by 2026 appeared first on Cryptonews.
Ripple, the company behind XRP, has announced a strategic partnership with Portuguese currency exchange provider Unicâmbio. The collaboration aims to facilitate instant cross-border payments between Portugal and Brazil through Ripple's payment solution.
XRP's transaction number metrics lost around 70% from its local top, suggesting a sharp decline in activity in the last few days. The decline in metrics like that suggests an outflow of traders and investors from the network, which is the last thing you want to see amid questionable market performance.
Maryland recently introduced a Bitcoin reserve bill, making it one of many U.S. states that wish to incorporate Bitcoin into its financial operations. State Representative Caylin Young presented MD HB1389, establishing an investment plan involving Bitcoin to protect against rising prices.
Metaplanet has just announced its full-year 2024 financial results, revealing impressive plans for the future. The company intends to acquire 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. To fund this, Metaplanet will issue 21 million shares in moving strike warrants.
The Hong Kong authorities recognize BTC and Ethereum as valid ways to confirm assets within investment immigration protocols. The HK$30 million ($3.8 million) residency program in Hong Kong accepts crypto assets as valid documentation of assets.
Bitcoin (BTC) remained sluggish over the weekend, hovering between $96,000 and $97,000. However, it dipped below $95,000 early on Monday, falling to a low of $94,855 before rebounding and moving to its current level of $97,450.
Bitcoin is currently testing the crucial 100-day moving average at $95K, a key support level where a bullish rebound is anticipated. However, the asset remains confined between this threshold and the ascending channel's midline, making a decisive breakout essential to confirm the next major trend.
James Howells is attempting to buy the landfill site he thinks still holds a hard drive containing a lost fortune of £620 million in bitcoin.
Ripple has been one of the large-cap coins experiencing a significant loss in value over the last couple of weeks. However, the market outlook still remains bullish for the mid-term.
Bitcoin's first bearish signal since October is here. With key U.S.
Metaplanet, dubbed as Japan's Microstrategy has made a major announcement today. The company's shift to a “Bitcoin-first strategy” has made it one of the top-performing stocks in Japan and worldwide. Notably, it has experienced a stunning 4,800% surge in its stock price over the past year.
Anthony Scaramucci, SkyBridge Capital founder and managing partner, joins 'Squawk Box' to discuss the state of crypto and bitcoin, industry outlook under President Trump, his thoughts on meme coins, and more.
Strategy's fresh 7,633 Bitcoin purchase came days after the firm rebranded from “MicroStrategy” last week.
Long a wild card in the crypto scene, Dogecoin (DOGE) has been riding the waves of excitement, community passion, and even Bitcoin's price swings. Related Reading: $350K Bitcoin?
Bitcoin (BTC) has seen a slight recovery in the past 24 hours, following a volatile week. After a dramatic flash crash to $91,000 on February 3, market analysts continue to debate whether the cryptocurrency has reached a local bottom or if further price declines are on the horizon.
Gold has surged to a new all-time high, outperforming bitcoin year-to-date, as central banks continued aggressive purchases.
SBI Holdings expands XRP rewards for shareholders as Ripple gains traction in Japan, with adoption potentially influencing XRP's price movements.
Bitcoin (CRYPTO: BTC) adoption is on track to reach several billion users by the end of the decade, according to Coinbase (NASDAQ:COIN) CEO Brian Armstrong. In a statement on X on Monday, Armstrong pointed to the rapid pace of Bitcoin growth, comparing it to the early adoption rates of mobile phones and the internet.
ETH, DOGE Price Analysis: How Trump Tariffs May Impact Cryptos Such as Ether, Dogecoin
Microstrategy, now Strategy, is doubling down on bitcoin, amassing 478,740 BTC after a bold 7,633 BTC purchase using $742.4 million from stock sales and a preferred stock offering. Microstrategy Now Owns Nearly 500K BTC—Here's How They're Paying for It Software intelligence firm Microstrategy Inc.
Strategy (NASDAQ: MSTR), the world's first and largest Bitcoin (BTC) treasury company, announced the acquisition of about 7,633 Bitcoins between February 3 and 9th. The large-cap company, valued at over $84 billion, used the proceeds from the 516,413 million stock sale under the sales agreement for an aggregate value of $179 million.
Japan's FSA plans to treat crypto financial products like securities, potentially lifting the ban on Bitcoin ETFs and reducing the tax rate on crypto assets from 55% to 20%.
The Shiba Inu (SHIB) burn rate shot up by 807% in the past 24 hours, with more than 20.5 million SHIB tokens permanently removed from circulation.
The company now holds almost 479,000 BTC.
Saylor's aggressive Bitcoin acquisition strategy could significantly influence market dynamics and corporate treasury management trends. The post Michael Saylor's Strategy acquires 7,633 Bitcoin after one-week break, holdings now worth $46B appeared first on Crypto Briefing.
Ripple is moving deeper into Europe. This time, it is through a partnership with Portuguese currency exchange provider Unicâmbio, bringing crypto-enabled cross-border payments into Portugal.
Strategy just dropped $742.4 million on 7,633 Bitcoins after pausing for only a week. The company, which rebranded from MicroStrategy, paid about $97,255 per Bitcoin.
Proton has officially launched its self-custodial Bitcoin wallet, offering enhanced privacy, open-source security, and email-based BTC transfers.
XRP trades at $2.42, boasting a $139 billion market valuation and $4.87 billion in global daily transactions, oscillating between $2.32 and $2.45. This narrow band reflects equilibrium amid evolving market forces, with prices stabilizing after recent volatility. XRP XRP's hourly chart reveals horizontal equilibrium, bracketed by resistance at $2.45–$2.50 and support at $2.30–$2.35.
Japan is gearing up for a big shift in its crypto regulations. This came after, Japan FSA requested, the removal of several crypto exchanges like Bybit, KuCoin, and Bitget from Apple stores, signaling tighter crypto regulations.
XRP traded relatively subdued on Sunday, following a week of sluggish price action.
Business intelligence firm Strategy (formerly known as MicroStrategy) purchased an additional 7,633 Bitcoins (BTC) last week for roughly $742 million, according to a Monday announcement.
Michael Saylor's MicroStrategy has announced another Bitcoin purchase, bringing its total BTC holdings to 478,740. This is the company's first Bitcoin purchase since it rebranded to Strategy, a move that reaffirmed its BTC strategy.
Executive Chairman Michael Saylor Announces a Bitcoin Purchase of $742.4 million
This collaboration will introduce Ripple's crypto-enabled payment solution to Portugal. It will enable instant cross-border payments between Portugal and Brazil.
Ripple payments use the XRP Ledger, where users can send and receive different currencies, including fiat money and crypto assets, through a network of financial institutions using the XRP token.
Bitcoin remained flat on Monday following a sharp weekend decline driven by renewed trade tensions and investor caution ahead of key U.S. inflation data. The worlds largest cryptocurrency edged up 0.1% to $97,114.6 by 01:54 ET (06:54 GMT) after losing over 4% last week.
Bitcoins (BTC) momentum indicator, the MACD histogram, has flipped negative, sparking concerns among traders. The MACD, a widely used technical analysis tool, measures trend strength by subtracting the 26-week moving average from the 12-week average.
Bitcoin (BTC) recently plunged to nearly $91,000 amid heightened trade war concerns, triggering significant market reactions. On the same day, centralized exchanges recorded a net inflow of $2.72 billion in tether (USDT), the largest stablecoin by market value, according to blockchain analytics firm IntoTheBlock.
Bitcoins correlation with the Nasdaq QQQ ETF suggests a deeper correction may be imminent. Analyst Benjamin Cowen highlights similarities between Bitcoins post-ETF launch movement and QQQs trajectory in 1999.