The price of Bitcoin hasn’t been successful in being stable over the $70,000 mark. It started declining and traded below the $69,200 support zone. Also, at the time of writing, it is exchanging hands at $68,296.87. The price went below the 38.2% Fib retracement level of the upward shift from
Michael Saylor, Founder of Strategy, has hinted that Strategy could buy bitcoin again. The latest BTC purchase could come at a time when Bitcoin price has dropped below $69k. A statement by U.S. Treasury Secretary Scott Bessent could also be a potential factor, given that it signals a positive outlook
The parent company of Truth Social filed a document with the Securities and Exchange Commission for listing two cryptocurrency exchange-traded funds. The documents indicate that the two funds will track the price movements of Bitcoin and Ether tokens. FMWA Funds is the sponsor of the two ETFs and will be
Standard Chartered has lowered its price forecast for Bitcoin (BTC) and warned that the cryptocurrency could decline toward $50,000 before any sustained recovery later in the year. The reduction comes amid ongoing macro headwinds, outflows from exchange-traded products, and continued weakness that led BTC to trade below the $70K zone.
Brazil’s Congress has recently proposed a bill to purchase a strategic reserve of 1 million Bitcoins. The Lawmakers proposed implementing the bill over five years through gradual Bitcoin purchases. The official draft of this bill is known as the Bitcoin Strategic Reserve Act. It extends previous ideas of utilizing foreign
JPMorgan has cited its optimism for cryptocurrencies after the BTC production cost declined. The bank is bullish for the segment in 2026 despite tokens recording lows since the recent days. It has also addressed a connection between BTC and Gold to reiterate its stance towards the flagship crypto. JPMorgan on
The world’s largest crypto exchange, Binance’s Secure Asset Fund for Users (SAFU), has completed its planned conversion of $1 billion in stablecoin reserves into Bitcoin, with Arkham Intelligence tracking a recent transfer of 4,545 BTC, valued at about $304.6 million, into the SAFU wallet. The move follows earlier deposits and
Bitcoin (BTC/USDT) slipped sharply today, with the top crypto trading near ~$66,500, down roughly 3.3% on the day in a fresh bout of selling pressure. The 1-day candlestick chart now shows a persistent downtrend, with lower highs and lower lows continuing into mid-February. The session recorded a high of $69,954
Grayscale Investments released a research report highlighting Bitcoin’s recent correlation with technology stocks rather than precious metals. The firm said Bitcoin’s short-term price behavior resembles that of high-growth tech equities. Bitcoin’s decline below $60,000 on February 5 aligned with broader tech sector sell-offs. The research noted that Bitcoin’s peak above
An activity has been witnessed in a Bitcoin wallet associated with an alleged ransom demand in the high-profile vanishing of 84-year-old Nancy Guthrie, the mother of NBC Today co-anchor Savannah Guthrie. TMZ affirmed on February 10 that for the first time since the ransom note was received, there has been
