Fri, September 25

Bitcoin Risks Weekly Close Below $82K following US Bitcoin Reserve News

The price trajectory of Bitcoin is in danger as it hovers around the critical $82,000 support level. Analysts warn that a weekly close below this level can trigger over $1.13 billion worth of leveraged long liquidations on exchanges. Which is leading to heightened volatility for the crypto market. Trump’s Bitcoin

March 9, 2025 3 mins read

4 Bullish Reasons Why Trump’s Bitcoin Reserve Is a Game Changer

The world of cryptocurrency has just taken a drastic turn with former U.S. President Donald Trump’s executive order to create a Strategic Bitcoin Reserve (SBR). The development has triggered a combination of optimism and skepticism in the crypto community. Although Bitcoin initially experienced a 6% price decline, most experts feel

March 7, 2025 3 mins read

White House Establishes Strategic Bitcoin Reserve Ahead of Crypto Summit

The White House has confirmed the creation of a Strategic Bitcoin Reserve, a move outlined in an executive order signed by President Donald Trump. This initiative comes just one day before the administration’s first-ever crypto summit. The order directs the Treasury Department to establish an office managing the reserve, which

March 7, 2025 2 mins read

Is Bitcoin price going to crash with the Crypto Summit coming up?

Bitcoin’s recent breakout of the $90,000 support level has increased fears of a potential liquidity grab under this crucial price zone. On March 6, Bitcoin (BTC) hit a high of $92,700, which represented a 19% rise from the February 28 low of $78,200. The price rise fuelled optimism in the

March 6, 2025 3 mins read

Michael Saylor Advocates for a U.S. Bitcoin Reserve at White House Crypto Summit

Michael Saylor, MicroStrategy executive chairman, once again underlined the role of Bitcoin as the basis of a U.S. strategic crypto reserve. Ahead of the soon to be held White House Crypto Summit. Saylor reiterated that Bitcoin is the sole digital asset upon which all can agree, without an issuer. And

March 6, 2025 2 mins read

El Salvador Refuses to Halt Bitcoin Accumulation Under IMF Deal

El Salvador’s President Nayib Bukele has reaffirmed that the country will continue accumulating Bitcoin (BTC), despite the recent International Monetary Fund’s (IMF) agreement suggesting otherwise. Bukele dismissed claims that El Salvador’s Bitcoin strategy would stop, countering the IMF’s requirements tied to a $1.4 billion loan deal. The IMF recently released

March 5, 2025 2 mins read

Bitcoin (BTC) Drops Below $83K as Crypto Market Sees Sharp Decline

The global crypto market is facing a sharp downturn, with the total market cap falling to $2.77 trillion, an 8.76% drop in the last 24 hours. Market trading volume has also decreased by 15.59% to $176.55 billion, indicating reduced investor activity. The entire crypto market is bearish, pulling Bitcoin (BTC)

March 4, 2025 2 mins read

Riot Platforms Reports $376.7M Revenue in 2024 Despite Mining Challenges

Riot Platforms, a prominent Bitcoin mining firm, reported record-breaking financial results for 2024 due to a boost in mining income and smart acquisitions. The Nasdaq-listed business saw a 34% increase in overall revenue to $376.7 million in 2024 from $280 million the previous year, despite difficulties in the cryptocurrency mining

March 4, 2025 2 mins read

Bitcoin Reaches $95K as Trump Announces Crypto Reserve Plan

Bitcoin surged to $95,043 on March 3 after U.S. President Donald Trump revealed plans for a strategic crypto reserve. The announcement fueled strong buying, pushing BTC up 8% during an unusual weekend rally. Currently, Bitcoin is trading at $91,821.69, reflecting a 6.97% gain in the past 24 hours. The total

March 3, 2025 2 mins read

Swiss Central Bank Head Rejects Bitcoin as a Reserve Currency

The head of Switzerland’s central bank, Martin Schlegel, has shut down Bitcoin as a reserve currency. Since it is illiquid and extremely volatile. During an interview Saturday in Tamedia media group newspapers, Schlegel quoted that cryptocurrencies do not meet the most pressing requirements a healthy currency must fulfill. Swiss National

March 1, 2025 2 mins read