GameStop reviews Bitcoin as a major investment opportunity after Strive Asset Management made its recommendation. The company faces an ongoing challenge to improve shareholder value because it possessed $4.6 billion in cash during Q3 2024. Strive CEO Matt Cole recommended that GameStop allocate its cash to Bitcoin, aligning with trends
Bitcoin is one of its kind global assets that gained traction steadily over the years. When it was first introduced in 2009 by an anonymous person named “Satoshi Nakamoto,” only tech geeks knew about it. What started as an experiment years back has now become a powerful force that could
The cryptocurrency is currently experiencing a sharp decline, with Bitcoin dropping below $88,000, causing over $1.5 billion in liquidations. Other major tokens have also been affected; Ethereum, the second largest crypto, remains stagnant below a $2,500 recovery. Overlooking this heavy downturn, Binance CEO Richard Teng dismissed concerns of a lasting
U.S. spot Bitcoin exchange-traded funds (ETFs) faced a significant setback on February 25, reporting their largest-ever daily net outflow of approximately $938 million. This downturn follows a broader crypto market rout that has seen Bitcoin’s price falter, trading below the crucial $90,000 mark. In total, the 11 Bitcoin funds experienced
Last year was a year of major changes in the crypto market. There were many events that took center stage, such as new laws and new trends. Everyone was watching, as Bitcoin’s price was moving up and down. So, what were the moments that left a mark? Read on to
Bitcoin (BTC) fell to $86,008.23 before recovering slightly. It is now trading at $88,763.49, down 0.15% in the last 24 hours. The market cap stands at $1.76 trillion, with a 24-hour trading volume of $81.23 billion, pushing the market cap ratio to 4.75%. BTC is facing immediate resistance at $90,000,
“Murder Over Crypto Deal” is not an ideal headline that the digital assets community usually wakes up to. However, news of a Chinese citizen killed at a luxury hotel in South Korea has sent alarms across the industry. He was believed to be trading crypto at the time of death.
Despite the recent market turmoil and an 11% decline from Monday’s peak, prominent analyst Titan of Crypto insists that Bitcoin’s underlying bullish structure remains intact. In an X post on Monday, February 24, Titan of Crypto highlighted that Bitcoin is still trading in line with a bullish inverse head and
The largest crypto asset, Bitcoin (BTC), has been navigating through a narrow bridge for the last few weeks. BTC has come up short in escaping the consolidation phase. BTC has been trading below $100K since February 4, facing rejections despite multiple recovery attempts. Bitcoin’s price has lost over 7.02%, crashed
If big hedge funds pull out of US Bitcoin exchange-traded funds, BitMEX co-founder Arthur Hayes predicts the price of bitcoin may drop below $70,000. According to what Hayes mentioned on X on February 24, there may be significant withdrawals from spot Bitcoin ETFs like the BlackRock iShares Bitcoin Trust (IBIT)
