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GameStop adds Bitcoin as treasury reserve asset, sending stock up 6% after hours while reporting $131 million in profits for 2024.

Shift in capital flows reflects strong bullish sentiment, highlighting Bitcoin's resilience.

Bitcoin is hovering close to $88,000, nearly 10% above its bull market low of $76,600. Crypto traders are less fearful now, sentiment has improved, relative to the past few weeks, according to the Fear & Greed Index.

GameStop, the video game retailer that gained meme-stock status, is reportedly preparing to invest in Bitcoin.

Bitcoin traded slightly higher on Wednesday, hovering around $87,284.50 as of 01:15 ET (05:15 GMT), with market participants awaiting clarity on impending U.S. trade tariffs. Investors remain cautious amid fears that the recent rally could be a bull trap, where a short-lived price increase misleads traders before a sharp drop.

Bitcoin (BTC) may be losing momentum after forming a bearish double top pattern on short-term charts. The leading cryptocurrency peaked near $87,400 last week, then dropped to around $84,000 before briefly recovering above $87,000only to stall again.

Prominent American entrepreneur Jason Calacanis is throwing shade at GameStops surprising move to adopt Bitcoin as a reserve asset. The 54-year-old angel investor quipped, If youre a public company that cant figure out a business model, buy Bitcoin!a jab that quickly made waves on social media.

In a significant move for the video game retail giant, GameStop announced on Tuesday that its board has unanimously approved a plan to use corporate cash reserves to invest in the crypto market's largest cryptocurrency, Bitcoin (BTC). This decision mirrors a strategy made by the now Bitcoin proxy company Strategy (previously Microstrategy) by MicroStrategy, which has made headlines for its substantial Bitcoin acquisitions led by its co-founder Michael Saylor.

United States-based Bitcoin miner Crusoe Energy is wrapping up its Bitcoin mining business as it plans to shift focus towards the artificial intelligence sector.

Bitcoin trades above $87,600 as Fidelity files for a Solana ETF and GameStop updates policy to hold BTC—boosting institutional crypto momentum. The post Bitcoin Nears $88,000 as Fidelity Files Solana ETF and GameStop Opens to BTC appeared first on Cryptonews.

GameStop, the video game company, announced that its board of directors unanimously voted to add Bitcoin to its treasury reserves. GameStop has become a meme stock through its online popularity and association with non-traditional forms of finance.

Crypto markets have added $400B since early March, but a bearish rising wedge pattern, high correlation with U.S. stocks, and macroeconomic risks suggest the rebound may be a bull trap.

GameStop is shaking things up. Indeed, the board of directors of the video game giant has just approved the addition of bitcoin to its treasury.

The wider altcoin market, led by Ethereum (ETH), has signaled a possible momentum shift following the recent Bitcoin (BTC) price pump towards $87.5k.

GameStop has announced that its board of directors has unanimously approved a plan to invest the company's capital in Bitcoin. The move follows the path set by Strategy (formerly Microstrategy), a company that in recent years has accumulated billions of dollars in cryptocurrency. After the announcement, GameStop's stock rose by over 6% in after-hours trading.

North Carolina legislators have introduced a pair of bills that could pave the way for the state's retirement funds to include cryptocurrency, including Bitcoin, as part of their investment portfolios. The post North Carolina Lawmakers Propose Investing State Pension Funds in Bitcoin appeared first on Cryptonews.

“Call skew hasn't meaningfully shifted toward calls, with call skew only emerging from June onwards, suggesting traders are waiting to see how the tariff situation develops,” one trading desk said.

GameStop Corporation is making its move into crypto with plans to invest part of its multibillion-dollar cash reserve into Bitcoin and stablecoins.

Prominent American entrepreneur Jason Calacanis is not impressed by GameStop's Bitcoin pivot.

Bitcoin miners can finally breathe: their revenues stabilize at 3.6 billion dollars, despite the Bitcoin halving in April 2024. But behind this apparent calm, a storm is brewing.

BitMEX co-founder Arthur Hayes believes that it is now in the cards for Bitcoin (BTC) and Ethereum (ETH) to witness sustained rallies en route to new all-time highs.

Bitcoin (BTC) climbed nearly 5% in the past week, reclaiming key support levels over the past three days. The recent bullish momentum has sent BTC toward the $88,000 mark, with some analysts suggesting a reclaim of its previous price range could be near.

The double top pattern typically requires confirmation through a decisive drop below the "neckline," the support level between the two peaks, which lies around $80,000 to $84,000 based on recent price action.

Bitcoin has climbed back to $88,500 after settling at $87,256, a fresh breather to cheer the investor's mood. However, blockchain analytics firm Santiment warns that excessive bullish sentiment on social media often signals a market correction.