The double top pattern typically requires confirmation through a decisive drop below the "neckline," the support level between the two peaks, which lies around $80,000 to $84,000 based on recent price action.
Bitcoin has climbed back to $88,500 after settling at $87,256, a fresh breather to cheer the investor's mood. However, blockchain analytics firm Santiment warns that excessive bullish sentiment on social media often signals a market correction.
Bitcoin has started the week maintaining relative stability, with its price currently hovering around $87,000 despite a minor 0.4% dip over the past 24 hours. The crypto asset showed upward momentum earlier in the week, briefly rallying beyond $88,000.
GameStop has officially entered the crypto space by approving a new investment policy that allows it to hold Bitcoin and stablecoins.
Marion Laboure, managing director and macro strategist at Deutsche Bank, stated that she viewed Trump's bitcoin reserve move as nothing new, just a continuation of the crypto evolution that started last year. She also noted that many cryptocurrencies were destined to crash.
Global asset manager Calamos Investments, overseeing $41.3 billion in assets, made its crypto debut this year with the launch of three bitcoin-focused funds. Designed to shield investors from Bitcoin (BTC) volatility, these structured ETFs have already attracted over $100 million, largely from financial advisors.
Strategy (NASDAQ: MSTR), formerly MicroStrategy, continues to lead as the top equity pick for investors seeking Bitcoin exposure, according to Compass Point Research. The firm praised Strategys strategic capital raises and disciplined approach to accumulating Bitcoin, despite ongoing market volatility.
Bitcoin traded around $88,000 on Tuesday, holding recent gains fueled by optimism over U.S. trade policy and large Bitcoin transfers by defunct exchange Mt. Gox. The worlds top cryptocurrency edged 0.1% lower to $88,167.5 by 5:00 p.m.
Bitcoin is facing technical headwinds despite recent recovery efforts. Currently trading at $87,124, down 0.44% on the day, BTC has formed a mini-death crossan intersection between the 50-day and 100-day exponential moving averages (EMAs).
At the Exchange conference in Las Vegas, Dominic Rizzo, global technology portfolio manager at T. Rowe Pricea firm managing over $1 trillion in assetsshared a bullish view on bitcoin.
GameStop (GME) has officially joined the growing list of publicly traded companies adding Bitcoin to their balance sheets. In its fourth-quarter earnings report, the company revealed that its board of directors unanimously approved adopting Bitcoin as a treasury reserve asset.
Bitcoin and Ethereum are poised to suffer their worst first quarter in years unless they can pull off a huge rally in the next few days.Ether (ETH) has dropped 37.98% so far over the first quarter of 2025, its worst Q1 decline since 2018, when it plunged 46.61%, according to CoinGlass data. Meanwhile, Bitcoin (BTC) is down 6.49% so far over the quarter, which is slated to end on March 31 — marking its worst Q1 performance since 2020, when it saw a 10.83% decline.
Crusoe Energy, a company that captures waste gas from oil to power high-performance compute, is selling its Bitcoin mining business to New York Digital Investment Group (NYDIG) to focus on artificial intelligence. In a March 25 announcement, Crusoe said it plans to sell its Bitcoin (BTC) mining operation, including its digital flare mitigation business, to NYDIG, subject to regulatory approvals and other consents.
Bitcoin has maintained its upward momentum since the week started, signaling renewed interest and optimism in the market. The asset reclaimed the $88,000 price level on Monday and continues to trade above this zone, marking a nearly 10% rise in value over the past seven days.
Bitcoin is beginning to show signs of recovery after weeks of heavy selling pressure and investor anxiety. Key technical levels have been reclaimed, and the overall market sentiment appears to be shifting from extreme fear to cautious hope.
Retail optimism may lead to overvaluation risks, as historical trends suggest market sentiment often precedes opposite price movements. The post Bitcoin rebound to $88.5K stirs retail optimism, but there's a catch: Santiment appeared first on Crypto Briefing.
GameStop on Tuesday approved adding Bitcoin to its treasury reserves, marking its return to crypto as it joins other firms embracing digital assets. The post GameStop Board Votes to Adopt Bitcoin as Part of Company Reserves appeared first on Cryptonews.
The cryptocurrency market managed to extend its gains on Wednesday, with Bitcoin (BTC) holding above $87,000. Solana (SOL) and XRP also showed some recovery. Reports that the White House is considering a more moderate stance on tariffs have eased concerns over potential economic disruptions, providing support to the market's upward momentum.
Could this cause a dip in price?
Bitcoin price started a steady increase above the $86,500 zone. BTC is now correcting gains and might find bids near the $87,000.
Bitcoin's hashrate has been climbing steadily, with the network adding 40 exahash per second (EH/s) over the past five days, reaching 836 EH/s—edging close to the protocol's historical peak.
Mt Gox, the failed Tokyo-based crypto exchange, is back in the news after on-chain data confirmed that it has moved 11,501.4 Bitcoins worth over $1 billion to its two crypto wallets. Arkham Intelligence shared this latest information, which revealed that the once-popular crypto exchange moved over 11,000 Bitcoins on March 25th.
GameStop (GME), known for its position in the gaming industry, has recently made headlines by adopting a bitcoin treasury strategy. This move aligns the company with a growing number of publicly traded firms choosing to hold bitcoin as part of their financial strategy.
BlackRock's latest Bitcoin fund will tap Coinbase for custody with each ETP security corresponding to a specific amount of the digital asset.
Mt. Gox, the Japanese crypto exchange that went bankrupt in 2014 after a massive hack, has made its third major Bitcoin transaction this month, shifting over $1 billion in Bitcoin.
Auradine has launched the Teraflux AH3880, a hydro-cooled Bitcoin miner designed and manufactured in the United States.
Bitcoin investors are closely watching the upcoming U.S. Personal Consumption Expenditures (PCE) inflation report set for release on March 28.
Despite its recent push for recovery Bitcoin is currently dealing with a potentially negative development. Bitcoin is currently trading at $87,124 down 0.44% on the day.
An analyst who accurately called Bitcoin's correction in early 2024 believes BTC remains in a bull market after bouncing from a 2025 low of $76,000. Pseudonymous analyst Rekt Capital tells his 542,00 followers on the social media platform X that Bitcoin's current bull market cycle has yet to reach a peak.
GameStop said in a Tuesday (March 25) press release that its board voted unanimously to add bitcoin as a treasury reserve asset.
Global investment firm T. Rowe Price's global technology portfolio manager, Dominic Rizzo, spoke at the Exchange conference in Las Vegas on Tuesday.
After hitting a low of nearly $76,000 on March 10, Bitcoin (BTC) has finally broken its daily Relative Strength Index (RSI) downtrend, now trading in the high $80,000s at the time of writing. However, crypto analyst Ali Martinez warns that strong resistance may lie ahead.
Data from coinatmradar.com reveals a net decline of 971 bitcoin automated teller machines (ATMs) globally in March, punctuated by a fleeting resurgence of 188 installations in the month's final week.
GameStop announced today that it will invest in Bitcoin as a treasury reserve asset. This statement came shortly after GameStop's Q4 2024 earnings report, which showed declining sales volume.
Gamestop has unveiled a bitcoin reserve strategy, aligning with soaring institutional BTC adoption while sitting on a $4.8 billion cash stockpile, fueling its most disruptive pivot yet. $4.8B on Deck: Gamestop to Load Treasury With Bitcoin—Is the Game Just Beginning? Gamestop Corp.
BlackRock, the world's largest asset manager, launched its first European Bitcoin (BTC) exchange-traded product (ETP) on Tuesday. According to a Bloomberg report, the iShares Bitcoin ETP (iB1T) began trading on Euronext Paris, Euronext Amsterdam, and Germany's Xetra exchange, offering institutional and retail investors regulated exposure to Bitcoin's price performance.
GameStop is preparing to add Bitcoin to its balance sheet as a treasury reserve asset. The video game retailer, which became a viral sensation among retail traders in 2021, just announced that its board has unanimously approved the move.
Ripple drops cross-appeal, ending its battle with the SEC. Legal clarity may boost XRP price, ETF approval odds, and Ripple's U.S. expansion.
Bitcoin network economist Timothy Peterson maintains his optimistic outlook for BTC (BTC), suggesting that there is a 75% chance that the asset will hit new highs in the next nine months. In a March 25 X post, Peterson highlighted BTC's current position near the lower bound of its historical range.
GameStop (GME) reported fourth quarter sales of $1.28 billion, down about 28% from the year prior. The stock rose in after-hours trading, however, after the company announced it will add bitcoin as a "treasury reserve asset.
GameStop has updated its corporate investment policy to include Bitcoin (BTC) as a treasury reserve asset, the company announced on March 25. The decision was unanimously approved by the firm's board of directors.
Is Strategy quietly reshaping how public companies interact with capital markets — and could its $21 billion plan set a precedent for Bitcoin-aligned balance sheet plays? Small fish, big splash Strategy's (previously MicroStrategy) role in U.S.
GameStop Corporation (GME), the video game retailer turned memecoin stock, is reportedly moving to invest in Bitcoin after its board unanimously approved a plan to acquire digital assets. According to a March 25 CNBC report, the company announced that it would use a portion of its corporate cash or future debt issuances to invest in Bitcoin (BTC) and US-dollar-pegged stablecoins.
GameStop just pulled a MicroStrategy, as the company whose meme stock is every retail investor's favorite, said Tuesday it will start buying Bitcoin with corporate cash. GameStop's board signed off on the plan unanimously, according to CNBC.
Bitcoin has a short-term bullish outlook, but the resistance around $90k could be too great to be broken in the coming days.
GameStop has officially adopted Bitcoin as a treasury reserve asset following strong Q4 earnings and board approval. The post GameStop adds Bitcoin to treasury following earnings beat appeared first on Crypto Briefing.
Bitcoin Magazine GameStop Approves Adding Bitcoin to Treasury Reserves GameStop has updated its investment policy to include Bitcoin as a treasury reserve asset, but has yet to disclose the amount of Bitcoin it plans to acquire. This post GameStop Approves Adding Bitcoin to Treasury Reserves first appeared on Bitcoin Magazine and is written by Nik.
GameStop has officially revealed it will accept Bitcoin as one of the assets of its treasury reserves. This came after the company's board of directors gave it the green light as disclosed along GameStop's fourth-quarter earnings.