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news-imageNovember 26, 2024

Bitcoin's Post-breakout Retest: $83K Drop Looks Likely for BTC Price

Bitcoin has been experiencing a sharp drop, breaking through several key support levels and is currently down by more than four percent. The cryptocurrency recently hit a major rejection point at $99,000 and continued to slide, reaching the next target at $92,000.
Publisher: CoinPedia
Sentiment: Negative
BTC

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Negative
cover-imageCointelegraph
March 11, 2025

Mt. Gox makes second $900M+ move in a week as Bitcoin taps $76K

Defunct crypto exchange Mt. Gox moved almost a billion worth of Bitcoin, the second large BTC transfer in a week, as Bitcoin's price fell to a four-month low on March 11.Of the 11,833 Bitcoin (BTC) moved, 11,501 ($905.1 million) were sent into a new wallet, while the remaining 332 Bitcoin ($26.1 million) were transferred to a warm wallet, according to blockchain analytics firm Lookonchain, citing Arkham Intelligence data.

Positive
cover-imageNewsBTC
March 11, 2025

Michael Saylor's Strategy Unveils $21 Billion Stock Issuance For Bitcoin Investment

Michael Saylor, co-founder and chairman of Strategy (formerly Microstrategy), is intensifying efforts to acquire Bitcoin (BTC) by tapping into capital markets, announcing plans to issue up to $21 billion in preferred stock. Strategy Plans Major Sale Of Preferred Shares According to Bloomberg, the new offering will consist of 8% series A perpetual-strike preferred shares, which are convertible into class A common stock.

Positive
cover-imageTokenpost
March 11, 2025

Utah Senate Passes Bitcoin Bill, Strengthening Crypto Rights

The Utah Senate has passed a Bitcoin bill, advancing the states stance on cryptocurrency rights while omitting provisions for a state-run Bitcoin reserve. Initially expected to authorize the state treasurer to invest in Bitcoin (BTC), the bill instead focuses on protecting residents digital asset rights.

Negative
cover-imageTokenpost
March 11, 2025

Crypto Sell-Off Triggers Market Decline as Bitcoin Drops Below $80K

The ongoing cryptocurrency sell-off has spilled into equity markets, dragging down crypto-related stocks in pre-market trading Monday. MicroStrategy (MSTR) and Coinbase (COIN) both plunged over 5%, while bitcoin miners Marathon Digital (MARA), Riot Platforms (RIOT), Core Scientific (CORZ), and CleanSpark (CLSK) saw declines of at least 2.5%.

Positive
cover-imageTokenpost
March 11, 2025

Scaramucci: Strategic Bitcoin Reserve Will Strengthen the U.S. Economy

American investor Anthony Scaramucci has doubled down on his belief in a U.S. Strategic Bitcoin Reserve, emphasizing that its not about boosting Bitcoin but rather benefiting the nation. Taking to X (formerly Twitter), he argued that Bitcoin should be seen as a long-term strategic asset, likening the reserve to a modern-day Fort Knox.

Negative
cover-imageBenzinga
March 11, 2025

Peter Schiff Says Hard To See Rationale Of Trump's Crypto Reserve Move If Bitcoin Has Plunged 30% Since January, Critics Clap Back With 'Store Of Value' Narrative

On Monday, economist Peter Schiff questioned the U.S. government's decision to hold Bitcoin (CRYPTO: BTC) as a reserve asset amid the apex cryptocurrency's ongoing slump. What Happened: Schiff took to X to point out that Bitcoin's market value has plunged 30% from its January record high, dropping below $77,000.

Negative
cover-imageCryptonews
March 11, 2025

Canada's Newly Elected PM Mark Carney's Past Bitcoin Criticisms Unearthed

In a 2018 speech, former Bank of England chief Mark Carney cast doubt on Bitcoin's utility by critiquing its fixed design and potential economic effects. His observations, resurfacing amid shifting Canadian political landscapes, provided a retrospective look at cryptocurrency's role in fiscal policy. The post Canada's Newly Elected PM Mark Carney's Past Bitcoin Criticisms Unearthed appeared first on Cryptonews.

Negative
cover-imageCryptoSlate
March 10, 2025

Futures hold steady while spot Bitcoin trading volume tumbles

Bitcoin saw a drop in trading volume across both the spot and futures markets over the past five days. The decline, which followed a sharp drop in Bitcoin's price after a week of extreme volatility, was likely driven by a combination of disappointing political developments, macroeconomic tensions, and weekend trading patterns.

Positive
cover-imageCryptonews
March 10, 2025

Michael Saylor's Strategy to Sell $21 Billion In Preferred Stock

Michael Saylor's Strategy is issuing $21 billion in preferred stock to expand its Bitcoin reserves. This strategic move aligns with broader corporate shifts in digital asset financing amid regulatory uncertainties. The post Michael Saylor's Strategy to Sell $21 Billion In Preferred Stock appeared first on Cryptonews.

Negative
cover-imageCointelegraph
March 10, 2025

Crypto needs policy change more than Bitcoin reserve — Execs

The cryptocurrency industry will benefit more from US regulatory clarity than from President Donald Trump's plan to create a national Bitcoin (BTC) reserve, several cryptocurrency executives told Cointelegraph. Trump's March 6 executive order creating a US strategic Bitcoin reserve and a separate digital asset stockpile for altcoins left crypto industry executives underwhelmed.

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