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According to Galaxy Digital founder and CEO Mike Novogratz, the recent rebound in Bitcoin reflects far more than speculative trading, rather it is a direct response to growing macroeconomic instability and a shift in global financial architecture.
Oklahoma has exited the Bitcoin Reserve Race after the Senate Revenue and Taxation Committee narrowly rejected HB1203, ending the state's bid to invest treasury funds in Bitcoin and other major digital assets. The post Oklahoma Drops Out of Bitcoin Reserve Race as Tax Committee Rejects HB1203 appeared first on Cryptonews.
TL;DR Covert $16B Liquidation: Private firms are facilitating a covert sell-off of $16 billion in seized Bitcoin, even as China maintains its strict crypto ban. Secret Sales Mechanism: Local authorities use private intermediaries, crypto mixers, and discreet exchanges to convert Bitcoin into cash without public scrutiny.
Auradine's Series C funding round includes $138 million in equity and $15 million in venture debt, CEO Rajiv Khemani told The Block.
Cryptocurrency prices have dropped sharply in the past 24 hours. Investors pulled out of risky assets due to the rising tensions between the US-China trade war.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
The crypto market tanked over the past 24 hours, with the market cap declining almost 3% to $2.63 trillion as bearish sentiment returned. Bitcoin (BTC) peaked at a local high of $86,397 before investors began booking profits.
China could inadvertently spark a Bitcoin (BTC) price crash as reports emerge that local governments are offloading their stash of seized assets despite a nationwide cryptocurrency trading ban.
Bitcoin ETFs added $76.42 million in net inflows on Tuesday, April 15, extending their rebound for a second day with support from five major funds. Meanwhile, ether ETFs remained under pressure, posting $14.18 million in outflows led by Grayscale's ETHE.
Bitcoin remains elevated, but futures market sentiment weakens, thereby indicating increased fear and caution.
The market sentiments have been varying ever since Bitcoin price volatility seems to have choked up. After the recovery, no specific price movement has been observed, which could have raised concerns among the market participants and also among the bulls.
The proposal? Let the U.S. government issue bonds backed by Bitcoin to help refinance its massive $14 trillion debt.
Just as Bitcoin (BTC) goes through a stressful trading day, Michael Saylor has stepped into the spotlight — without saying much, yet enough. In a new post today, the Strategy CEO shared an AI-generated photo of himself at a chessboard, captioned simply: "Bitcoin is Chess.
Matthew Sigel, head of research at VanEck, has introduced a new idea that mixes Bitcoin BTC with US government bonds.
A digital asset analyst has pointed to bullish Bitcoin (BTC) on-chain metrics amid recent market uncertainty. Huge institutional inflows coupled with a drop in exchange reserves show that Bitcoin's price holds greater value when compared to previous cycles.
In the latest installment of the “Bitcoin Policy Hour,” a weekly podcast produced by the nonprofit Bitcoin Policy Institute (BPI), leading members of the organization discussed how a single policy decision by the United States government might catapult the price of Bitcoin to extraordinary new highs. According to Executive Director Matthew Pines, the world's monetary framework has remained largely the same since 1973, when the global financial system pivoted away from a full gold standard.
A crypto whale has transferred 3,704 Bitcoin (BTC) from Kraken worth approximately $315 million. This follows a string of whale purchases in the last 48 hours as crypto prices gain traction.
On-chain data shows exchanges have seen a massive amount of Bitcoin outflows during the past day, a sign that could be bullish for BTC's price.
Pi Network (PI) could be on the recovery path alongside Bitcoin (BTC), with past $1 highs now back in focus as early as this week. The post Can Pi Network Hit $1 This Week? Bitcoin's Strength Might Be the Key appeared first on Cryptonews.
Bitcoin's price seems to be steadily rising during today's session, but there is some pressure building just above the current levels.
As China tightens its grip on crypto-related activity, local authorities are reportedly struggling to handle one particular issue: what to do with the growing stockpile of digital assets seized from criminal cases.
As global financial markets absorb the impact of renewed trade tensions and rising interest rates, QCP Capital notes a critical shift in the Federal Reserve's focus away from inflation and toward recession risk. What Happened: In its commentary published on Wednesday, the Singapore-based trading firm said signs of a Fed pivot are emerging, yet Bitcoin (CRYPTO: BTC) has failed to behave like a safe-haven asset in this evolving macro landscape.
A recent Reuters report reveals that China holds 15,000 bitcoin ( BTC) confiscated through criminal investigations. However, officials are currently entangled in deliberations over how to handle these digital assets, as cryptocurrency trading remains prohibited in the country.
TL;DR Bitcoin Pulls Back: Bitcoin dips below $84K from a recent peak near $84,200, with the broader crypto market contracting by about 2.2% in the last 24 hours.
