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news-imageFebruary 24, 2025

Bitcoin Faces Prolonged Consolidation as Market Sentiment Weakens

Bitcoin, the leading cryptocurrency, is facing a period of market uncertainty, according to recent data from CryptoQuant. In a report released on February 23, 2025, analyst “Avacado onchain” highlighted that Bitcoin's price has been trapped in a range between $90,000 and $106,000 for several weeks.
Publisher: The Currency Analytics
Sentiment: Negative
BTC

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Negative
cover-imageCrypto Economy
February 24, 2025

Digital Asset Funds Experience $508M Outflow, With Bitcoin Hit the Hardest

TL;DR The outflow from digital asset investment products reached $508 million last week, totaling $924 million over the last two weeks. Bitcoin was the hardest hit asset, with $571 million in outflows, while some investors took short positions. While the U.S. market saw a significant outflow, Europe, especially Germany and Switzerland, experienced significant inflows.

Positive
cover-imageBenzinga
February 24, 2025

Strategy Acquires 20,356 Bitcoin For $1.99 Billion, Boosts 2025 BTC Yield To 6.9%

Strategy Incorporated (NASDAQ:MSTR) announced it acquired 20,356 Bitcoin for approximately $1.99 billion at an average price of $97,514 per Bitcoin (CRYPTO: BTC) between Feb. 18 and Feb. 23, achieving a year-to-date BTC Yield of 6.9%. What Happened: As of Feb. 23, the company holds 499,096 Bitcoin, purchased for an aggregate $33.1 billion at an average price of $66,357 per Bitcoin, according to a Securities and Exchange Commission filing.

Positive
cover-imageCryptoPotato
February 24, 2025

Bitcoin as a Reserve Asset? VanEck Sees $21T Potential!

Asset management company VanEck claiming that the creation of a Bitcoin reserve in the US could offset up to $21 trillion of US national debt by 2049. According to VanEck's analysis, Bitcoin's limited supply and growing institutional adoption position it to become a leading reserve asset that could provide an alternative to traditional assets like gold and fiat currencies.

Positive
cover-imageBitcoin
February 24, 2025

Strategy Nears Half-Million Bitcoin Custody Milestone With New $1.99 Billion Acquisition

On Monday, Michael Saylor, CEO of enterprise analytics firm Strategy (formerly Microstrategy), revealed the company procured 20,356 Bitcoin for $1.99 billion. Michael Saylor's Strategy Adds 20,356 Bitcoin to Portfolio Amid Market Fluctuations The transaction marks Strategy's latest expansion of its cryptocurrency portfolio since its prior $8 billion purchase on Feb. 10.

Positive
cover-imageBenzinga
February 24, 2025

Grok 3 Predicts Bitcoin Dominance In 2025, Projects $180,000 Price Target

Bitcoin (CRYPTO: BTC) is poised to reach $180,000 by the end of 2025, according to a prediction from Grok 3, an AI developed by xAI, driven by growing institutional adoption and potential U.S. strategic reserve status. What Happened: The analysis, prompted by Strategy (NASDAQ:MSTR) executive chairman Michael Saylor's query on X on Sunday about the best crypto asset, positions Bitcoin as the dominant cryptocurrency in a $3.23 trillion market.

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