Mike McGlone, chief commodities strategist at Bloomberg Intelligence, has published several tweets, stating that it is vitally important for the world's leading cryptocurrency Bitcoin to stay above the $100,000 level.
Most of the major cryptocurrencies are in the green Friday morning, including Bitcoin and Dogecoin, but Trump's Solana token sits in the red.
Thursday was another day of net inflows into U.S. spot bitcoin ETFs, continuing a six-day flow of green trading activity. Bitcoin ETFs Record Sixth Consecutive Day of Inflows On Thursday, Jan. 23, bitcoin exchange-traded funds (ETFs) saw a net inflow of $188.65 million, marking the sixth consecutive day of inflows.
MicroStrategy has built a bitcoin stash worth around $47 billion, including $18 billion in unrealized gains, through years of stock and debt offerings. However, in an unexpected turn, the company might face federal income taxes on those paper gains, even without selling any bitcoin, according to the Inflation Reduction Act of 2022.
Some $6 billion of the notional value in bitcoin is currently set to expire out of the money.
In a notable display of resilience, the Bitcoin exchange-traded fund (ETF) ecosystem has registered three consecutive days of inflow. The Bitcoin ETF market has investment firm BlackRock leading the pack with over $150 million.
Kansas Republican State Senator Craig Bowser has introduced a bill aimed at allocating up to 10% of public employee retirement funds to Bitcoin (BTC) exchange-traded fund (ETF) products.
More efficient token standards on Bitcoin are a good thing
Michael Saylor's MicroStrategy, a business-intelligence software company turned Bitcoin behemoth, has placed an enormous bet on cryptocurrency. The company owns approximately $48 billion worth of Bitcoin, funded in part by issuing $6.2 billion of convertible bonds in 2024—marking the largest single-company convertible debt issuance in history.
The convertible senior notes, set to mature in 2030, provide Semler with capital flexibility while giving investors the option to convert debt into shares.
Semler's q4 earnings report put BTC unrealised gains at $28.9 million.
The US Securities and Exchange Commission (SEC) has rescinded a rule that prevented banks from custodying cryptocurrencies. The rule, known as Staff Accounting Bulletin (SAB 121) was introduced by former SEC chair Gary Gensler.
Kansas Senator Elaine Bowers has introduced Senate Bill No. 34, a major step toward modernizing the state's public employees' retirement fund strategies.
Conor Grogan, Director of Product Strategy at Coinbase, has recently linked 430 bitcoin to the now-free former founder and operator of Silk Road, Ross Ulbricht.
Semler Scientific seeks $75 million through a private offering of convertible senior notes, intending to use a portion for Bitcoin investments.
CryptoQuant CEO Ki Young Ju believes China's authorities have already sold $20 billion worth of Bitcoin seized from the PlusToken scheme in 2019.
In August 2024, the launch of Babylon Protocol introduced the possibility to stake Bitcoin (BTC) and earn passive income from it while maintaining the self-custody security standard. Now, protocols like the Pell Network create another liquidity layer, introducing Bitcoin restaking in an omnichain approach.
President Donald Trump has signed an executive order aimed at strengthening U.S. leadership in the cryptocurrency and blockchain sector.
The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation.
MicroStrategy's Bitcoin portfolio has an unrealized gain of over $19.3 billion at press time.
Government decisions regarding cryptocurrencies often have a major impact on the markets, but the scale of China's recent action represents a significant turning point. Beijing has sold 194,000 bitcoins that were confiscated in 2019 during the dismantling of the PlusToken network, one of the largest Ponzi schemes in crypto history.
Bitcoin's price action over the next few weeks will be based on a few key factors.
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Selling pressure for Bitcoin has been reduced greatly after realizing daily profits as high as $10 billion as the asset approached $100,000 in December.
Coinbase CEO Brian Armstrong has recently sparked the Bitcoin Vs Gold debate highlighting the different advantages of BTC over the precious yellow metal. His comments have come after the governor of South Africa scoffed at the idea of a Strategic Bitcoin Reserve at the World Economic Forum.
While advancing US digital asset policies, Trump's order leaves Bitcoin-focused promises in limbo.
Ki Joung Yu, founder and CEO of Cryptoquant, stated that while most lists include China as one of the countries with the most bitcoin, the Chinese government may have already sold its BTC reserves back in 2019.
The Bitcoin community is unhappy with Ripple pushing the creation of a diversified crypto reserve, slamming the firm for “prioritizing their own interests.”
THORChain temporarily suspended lending and savers programs to prevent insolvency and safeguard liquidity providers.
With the rescinding of SAB121 by the SEC, which all but stopped banks collaborating with crypto companies, this, together with other regulatory changes, sets the scene for the Bitcoin industry to innovate and grow like never before. The $BTC price is back above $105,000.
Did you know that if you invested just $100,000 in Bitcoin (BTC 3.39%) 10 years ago, you'd be up more than $43 million today? Bitcoin has been soaring in popularity in recent years, proving to be one of the best investments you could have owned over the past decade.
Emboldened by the impressive success that Semler Scientific achieved in the fourth quarter of 2024 through its Bitcoin holdings in the form of an unrealised profit of $ 28.9 million, the public company has decided to raise at least $75 million to purchase more BTC tokens.
Norwegian luxury cruise operator SeaDream Yacht Club has started accepting over 200 cryptocurrencies, including Bitcoin, for voyages and full-yacht charters.
The crypto markets witnessed the most insane 24 hours in history, which has strengthened the Bitcoin price. President Donald Trump signed some executive orders, which are believed to be more bullish than anyone expected. Trump signed orders to ban the creation of CBDC and vows to make America the ‘Crypto Capital' of the world.
Bitcoin and crypto benefits on the back of US President Donald Trump's executive order are "100% not priced in."
On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has plummeted recently. Here's what this could mean for BTC's price.
BlackRock's iShares Bitcoin Trust (IBIT) has seen significant inflows, acquiring over 11,000 BTC in the past week.
The Bank of Japan (BoJ) has raised its interest rate to 0.5%—the highest level in 17 years—signaling its effort to curb rising inflation, with the Consumer Price Index reaching 3.6%.
Former Silk Road founder Ross Ulbricht receives presidential pardon while cryptocurrency researchers identify $47 million in dormant Bitcoin wallets potentially linked to him, sparking donations from supporters and raising questions about possible government seizure of Silk Road-related assets.
Ali, a crypto analyst, points to Bitcoin's potential support level at $97,530 as key in sustaining the current bullish momentum. The main support level to be monitored for Bitcoin is $97,530.
A widely followed cryptocurrency analyst and trader is leaning bullish on Ethereum (ETH) against its Bitcoin (BTC) pair. The analyst pseudonymously known as Credible Crypto tells his 459,100 followers on the social media platform X that after being bearish on the ETH/BTC pair for the last two years, “it's time to start shifting bullish.
Prominent cryptocurrency tracker Whale Alert, which traces down large crypto transactions and shares the details on its website and the account on the X social media giant, has revealed half a dozen large transactions, which carried a cumulative $800 million worth of Bitcoin.
Bitcoin, the tightrope walker of the crypto market, is tightening its margins. A surge of 40% like in 2023 looms in the shadows.
The US Securities and Exchange Commission (SEC) has made a significant policy shift by introducing the Staff Accounting Bulletin (SAB) 122 to replace the highly criticized SAB 121. According to a Jan. 23 update, this development will resolve regulatory challenges that previously hindered the crypto custody sector.
Bitcoin's future hangs in the balance. Why?
Community members argued that encouraging banks to hold other people's Bitcoin strays from the original vision of its creator, Satoshi Nakamoto.
The company will issue bonds to increase its holdings in BTC.
This update simplifies how financial institutions handle customer-held digital assets like Bitcoin.