US Government Moving Millions of Dollars Worth of Bitcoin
According to data provided by Arkham Intelligence, the U.S. government has moved $8 million worth of Bitcoin.
Keep up with what's happening in the crypto world in real-time.
According to data provided by Arkham Intelligence, the U.S. government has moved $8 million worth of Bitcoin.
The establishment of a Strategic Bitcoin Reserve may signal a shift in US financial strategy, potentially impacting global crypto markets. The post US government relocates $8M in Bitcoin after Trump establishes strategic reserve appeared first on Crypto Briefing.
A prominent crypto pundit has outlined a compelling case for the Bitcoin price outlook, predicting a surge to a target as high as $260,000 this bull cycle. However, a critical invalidation level stands in the way of this bullish scenario, threatening Bitcoin's projected rally if breached.
The development came after GameStop's board unanimously approved an update to add BTC to its investment policy.
A widely followed crypto analyst says that Bitcoin (BTC) appears primed to skyrocket to a six-figure price tag but warns investors that it may go through a correction first.
GME is issuing $1.3 billion in convertible notes to fund a corporate Bitcoin treasury, drawing comparisons to MSTR's high-profile pivot.
PlanB, the founder of the Bitcoin stock-to-flow model, an analytical tool designed to spotlight Bitcoin's value based on scarcity levels, shared a chart displaying the asset's market value in comparison to other traditional asset rivals.
Cryptocurrencies traded in a tight sideways range on Thursday, awaiting the release of inflation data on Friday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $87,379.89 +1.5% Ethereum (CRYPTO: ETH) $2,011.66 +1% Solana (CRYPTO: SOL) $139.47 +1.7% XRP (CRYPTO: XRP) $2.35 -0.8% Dogecoin (CRYPTO: DOGE) $0.1919 -0.4% Shiba Inu (CRYPTO: SHIB) $0.00001414 -0.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.2% and daily active addresses growing by 5.2%.
GameStop's stock experienced a stock decline of over 25% intraday on Thursday. This slump followed the announcement of a strategic pivot involving the issuance of $1.3 billion in convertible bonds to finance the acquisition of Bitcoin (BTC).
On March 26, 2025, U.S. spot bitcoin ETFs recorded $89.57 million in inflows. The positive trend in the sector has continued for nine consecutive trading days.
Bitcoin (BTC) investors are preparing for the record-breaking $16.5 billion monthly options expiry on March 28. However, the actual market impact is expected to be more limited, as BTC's drop below $90,000 caught investors off guard and invalidated many bullish positions.
Bitcoin price stays above $85,000 as 6,000 BTC exits exchanges, reinforcing bullish sentiment amid U.S. tariff-driven market volatility. Bitcoin (BTC) Targets $90K Breakout as Bulls Hold $85K Support for Three Consecutive Days Bitcoin (BTC) demonstrated resilience on Thursday, maintaining its position above $85,000 despite renewed volatility stemming from President Donald Trump's latest tariff announcement.
On Thursday, March 27, the U.S. government initiated a transfer of bitcoin ( BTC) from its digital reserves, specifically from the confiscated Sae-Heng funds. Arkham Tracks U.S. Government's $8.46M Bitcoin Move The governmental body responsible for overseeing these cryptocurrency holdings shifted 97.34 BTC on Thursday afternoon, corresponding to block height 889,703.
GameStop shed nearly $3 billion in market capitalization on March 27 as investors second-guessed the videogame retailer's plans to stockpile Bitcoin (BTC), according to data from Google Finance. On March 26, GameStop tipped plans to use proceeds from a $1.3 billion convertible debt offering to buy Bitcoin — an increasingly popular strategy for public companies looking to boost share performance.
BlackRock's Global Allocation Fund increased its exposure to Bitcoin (BTC) through its spot exchange-traded fund, iShares Bitcoin Trust (IBIT), by roughly 1,810% since the ETF was launched in January 2024. According to a filing submitted to the US Securities and Exchange Commission (SEC) on March 2, the fund held 821,664 shares of IBIT as of Jan.
The sell-off might have to do with the convertible note pricing, while some speculated that it's a sign of investor disapproval of the bitcoin acquisition plans.
GameStop (GME) shares are returning to normal levels today following an initial rally on the announcement of fundraising plans to buy Bitcoin (BTC). Yesterday, GameStop announced a proposed private offering of $1.3 billion in convertible senior notes with plans to use the funds to purchase the crypto king.
The shares of GameStop (GME) have already collapsed by more than 25% this Thursday.
Since reaching a weekly high of $88,752 on March 24, Bitcoin (BTC) price has formed a series of lower highs and lower lows in the 1-hour time frame chart. As the end of the week approaches, Bitcoin price has failed to break above the $88,000 resistance, reducing the chance for a $90,000 retest before the end of Q1.
Bitcoin's historic "moon landing" level highs have come down to Earth. They rose thanks to the Trump administration's pro-cryptocurrency rhetoric.
A widely followed crypto analyst says the decentralized oracle network Chainlink (LINK) may be at the start of a new uptrend. Michaël van de Poppe tells his 781,500 followers on the social media platform X that LINK is starting to break out against Bitcoin (LINK/BTC) on the weekly chart.
Technical expert Tony Severino has revealed why he is no longer bullish on BTC and other crypto assets amid the recent Bitcoin price drawdown. The analyst had also earlier raised the possibility of the flagship crypto dropping to as low as $22,000.
The digital asset stayed relatively flat as markets braced for the confirmation of President Donald Trump's pick for Chairman of the U.S. Securities and Exchanges Commission (SEC), Paul Atkins, on Thursday.
President Donald Trump's newly announced 25% tariff on foreign auto imports has added a layer of uncertainty to global markets—and cryptocurrency is not immune. While some experts see short-term volatility, others argue that the move only strengthens Bitcoin's (CRYPTO: BTC) long-term case as a decentralized asset.
