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news-imageMarch 3, 2024

Crypto Headlines Of The Week: Bitcoin, Shiba Inu, and Floki Propel Optimism

Another week ends with phenomenal developments witnessed across the cryptocurrency landscape. Amid this flurry of developments, Bitcoin, Shiba Inu, and Floki appear to have marked a storm of breakthroughs with their cryptographic venture, fueling immense optimism among crypto market enthusiasts across the globe.
Publisher: Coingape
Sentiment: Positive
BTC
FLOKI

More News Articles

Negative
cover-imageBenzinga
April 22, 2025

Bitcoin Is Dependent On The US, Not A 'Non-Dollar Asset,' Peter Schiff Says

Bitcoin's (CRYPTO: BTC) status as a non-risk asset is on shaky grounds, according to prominent critic Peter Schiff, who noted its high interdependence with the U.S. economy. What Happened: In a post on X on Monday, Schiff pushed back the idea of Bitcoin as a "non-dollar asset" or a hedge against the dollar, which assumes that BTC is outside U.S. influence.

Negative
cover-imageCointelegraph
April 22, 2025

Bitcoin-to-gold ratio risks 35% decline following Wall Street's $13T wipeout

Bitcoin's (BTC) value relative to gold (XAU) may be poised for a steep 35% drop as it mirrors historical bear market signals and reacts to massive turbulence that has wiped out $13 trillion from the US stock market.Bitcoin's breaks below key gold support As of April 22, the BTC/XAU ratio had closed below its 50-period exponential moving average (50-period EMA; the red wave) on the two-week chart for the first time since April 2022. BTC/XAU two-week performance chart.

Positive
cover-imageBenzinga
April 22, 2025

Bitcoin Reclaims $90,000: Is 'Digital Gold' Heading To $100,000 Next?

Bitcoin (CRYPTO: BTC) on Tuesday surged past the $90,000 mark for a 2.5% daily gain, as experts point to its growing perception as a safe-haven asset akin to “digital gold” amid a weakening U.S. dollar and market volatility. What Happened: The rally, which saw Bitcoin hit a high of $90,480, coincides with gold reaching new highs and U.S. equities sliding to tariff-era lows, prompting analysts to reevaluate the cryptocurrency's role in portfolio diversification.

Positive
cover-imageThe Cryptonomist
April 22, 2025

Bitdeer invests 60 million dollars to enhance ASIC production for Bitcoin mining in a context of record hashrate

The cryptocurrency mining company Bitdeer has recently secured a funding of 60 million dollars with the aim of expanding the production of ASIC for Bitcoin mining and strengthening its self-mining operations. This happens at a time when competition in the sector is becoming increasingly fierce. This investment comes in a context where the hashrate of the Bitcoin network has reached unprecedented levels, putting pressure on the profit margins of miners.

Positive
cover-imageCointelegraph
April 22, 2025

Bitdeer secures $60M to boost Bitcoin ASIC production amid record hashrate

Bitcoin mining firm Bitdeer has secured a $60 million loan to ramp up its Bitcoin ASIC manufacturing efforts as global mining competition intensifies amid record-breaking network hashrates. According to its annual report, Bitdeer entered a loan agreement in April with affiliate firm Matrixport, a crypto financial services company founded by Bitdeer chairman Jihan Wu.

Positive
cover-imageCoingape
April 22, 2025

US Bitcoin ETF Records Highest Inflow of $381M in 58 Days

US-based Bitcoin exchange-traded funds (ETFs) experienced their largest single-day net inflow in nearly two months. As per the data, this is the highest daily inflow since January 30, when the funds attracted $588.1 million shortly after Bitcoin reached its all-time high.

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