The whole crypto market fell by around 4.13% in the last 24 hours, bringing its total value to $2.55 trillion. Investor sentiment has rapidly shifted bearish, with the Crypto fear & Greed Index reaching 15, indicating extreme anxiety. The decline is being intensified by a surge in forced liquidations, which
MicroStrategy, now operating under the name Strategy, hinted that it purchased more Bitcoin after a sharp weekend market crash. The signal came through executive commentary and social media cues that closely followed Bitcoin’s rapid price drop. This is in line with the company’s strategy of purchasing during volatile periods instead
Bitcoin-associated derivatives entered into this new trading week having a sharp price gap after CME futures opened again at around $6,800 lower, indicating increased pressure after January’s weak close. CME Bitcoin futures in January closed at around $84,560 and opened in the new trading week of the new month at
Tennessee, A state in the United States, is taking major steps towards adding Bitcoin to its public financial reserves. State Lawmakers have advanced a new bill that allows the state to officially hold Bitcoin using state funds. How the Bill works once passed Jody Barrett, a Tennessee state representative, introduced
Talks were going around for a possible merger involving SpaceX and Tesla, which drew major attention to a share of Bitcoin assets. Together, SpaceX and Tesla hold nearly 20,000 Bitcoin worth around $1.7 billion. If the Merger happens, then this Bitcoin holding would come under one structure, which will be
Bitcoin price fell sharply, and at the same time, Microsoft’s stock dropped about 11% after the company reported slower growth and higher costs. This made the investors worry about the global economy and led them to sell risky assets like tech stocks and cryptocurrencies. The Bitcoin price has dropped 6%,
As the broader crypto market tumbles today, down around 5.31% with the total market capitalization falling to $2.83 trillion, major cryptocurrencies are seeing sharper losses. The selling pressure has been further intensified by the expiry of billions of dollars’ worth of Bitcoin and Ethereum options contracts, which have added to
Bit Digital, a Nasdaq-listed crypto company, has officially announced that it will exit Bitcoin mining and will mainly focus on Ethereum staking and AI infrastructure. Sam Tambar, CEO of Bit Digital, said that Bitcoin mining has not produced sufficient income for the company. Rising costs, hardware limits, and lower efficiency
The largest crypto exchange, Binance, unveils that its Secure Asset Fund for Users will be changed into Bitcoin, indicating a shift in how the exchange protects its emergency protection fund at the time of continued market volatility. The plan got revealed in an open letter shared on the social media
Metaplanet, a Japan-based company focused on holding bitcoin as a core treasury asset, has announced a plan to raise around $137 million through a new stock offering. They say that the fund will be mainly used to purchase additional bitcoin for a long-term strategy. The decision was approved by Metaplanet’s
