TL;DR $100M Losses: Bitcoin speculators lost over $100M in six weeks as panic selling took hold. Market Capitulation: Bitcoin's price drop caused the market cap to fall below the realized cap, leaving many investors underwater. Heightened Selling Pressure: Declining NUPL scores and steep drops indicate widespread capitulation following a 30% drop from recent highs.
British authorities have charged National Crime Agency (NCA) officer Paul Chowles with multiple offenses related to the alleged theft of 50 Bitcoin in 2017. At the time of the alleged theft in 2017, the Bitcoins were valued at approximately £60,000 (equivalent to $77,400).
TL;DR The company has launched BMAX, the first ETF offering access to convertible bonds issued by companies integrating Bitcoin into their treasury strategies. MicroStrategy leads the way with its strategy of issuing convertible bonds to acquire Bitcoin, which has inspired this ETF with 81.21% of its weighting in bonds from Michael Saylor's firm.
The company is, meanwhile, racing to gain approval for an ETF tracking U.S. President Donald Trump's meme coin.
United States Senator Cynthia Lummis has reintroduced The Bitcoin Act, which proposes the government include the asset in its national reserves. This comes after President Trump's executive order creating a Strategic Bitcoin Reserve last week.
Bitcoin's open interest on centralized exchanges and the CME has returned to pre-November 2024 election levels, signaling market stabilization as BTC rebounds to $83,400 following a recent low of $76,600.
Bitcoin and other cryptocurrencies have remained in a strong downtrend this year, shedding over $1 trillion in value.
You know that Peter Schiff loves to make a statement about Bitcoin that sparks a debate, and today was no exception. The financial expert took to X to lay out a case that he says has been unfolding right under everyone's nose: Bitcoin (BTC) has been in a bear market for years, but few have noticed because they have been measuring it the wrong way.
Bitcoin (BTC) circled $83,000 at the March 14 Wall Street open as traders set out requirements to flip bullish. BTC/USD 1-hour chart.
REX Shares, an exchange-traded fund (ETF) provider with over $6 billion in assets under management (AUM), launched its Bitcoin (BTC) Corporate Treasury Convertible Bond (BMAX) ETF that invests in the convertible bonds of companies with a BTC corporate reserve strategy.According to the March 14 announcement, the ETF will purchase the convertible notes of companies such as Strategy. Convertible notes are commercial paper that can be converted into equity at a predetermined rate if an investor chooses.
REX Shares launched the first ETF focused on convertible bonds tied to bitcoin-focused corporate treasury strategies. The convertible paper of Michael Saylor's Strategy makes up the majority of the fund holdings.
Prominent economist Peter Schiff is once again taking shots at Bitcoin (CRYPTO: BTC), highlighting its underperformance against gold. What Happened: In a series of posts on X, Schiff noted that Bitcoin's value in gold terms has fallen 24% since its 2021 peak, framing Bitcoin's weakness as a “stealth bear market” while gold, as "real money," continues to appreciate.
The Singapore-based miner has big plans to shake up ASICs with a new design and a greater commitment to transparency.
Right now, there's extreme fear in the cryptocurrency market. The CoinMarketCap crypto fear and greed index is at 19 (out of a possible 100), suggesting that many market participants are ready to throw in the towel on Bitcoin (BTC 1.81%).
In the latest episode of the Coinstories podcast hosted by Nathalie Brunell, James Seyffart, a research analyst at Bloomberg Intelligence, outlined why the next significant surge of Bitcoin Exchange-Traded Fund (ETF) adoption is likely to come from major wirehouses, such as UBS, Morgan Stanley, and Merrill Lynch.
REX Shares, a provider of investment products, has announced the launch of a first-of-its-kind exchange-traded fund (ETF) that offers exposure to convertible bonds issued by companies with a Bitcoin strategy.
According to the recent price movement of Bitcoin, getting to $100,000 might not be as difficult as some people think. Bitcoin is in a position where it can rise with little immediate resistance because bearish liquidity on the derivatives market has all but disappeared.
REX Shares has launched the REX Bitcoin Corporate Treasury Convertible Bond ETF. This will be a fund that invests in convertible bonds issued by companies that hold Bitcoin (BTC) in their corporate treasury, according to a company release.
The dominant cryptocurrency traded above $83,000, while gold soared past $3,000 for the first time, as tariff-wary investors chose it as a safe haven asset. Gold Soars Past $3K While Bitcoin Chugs Along Above $83K Bitcoin (BTC) saw modest gains over the past 24 hours, rising 0.76% to $83,486.74, though it remains down 6.
Russia has started employing cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) to manage a growing segment of its oil transactions with China and India, sidestepping Western sanctions, according to a Reuters report. These deals, handled through middlemen, convert local currencies like yuan and rupees into rubles, with stablecoins such as USDT also playing a role, though their centralized issuer, Tether (CRYPTO: USDT), can halt funds under regulatory scrutiny.
A Democratic lawmaker is urging the US Treasury to halt the creation of a Strategic Bitcoin Reserve, citing conflicts of interest with Donald Trump.
Bitcoin price is enroute to record its biggest weekly gain since mid-January, but needs to return to VWMA level to gain traction.
Paul Chowles, an operational officer with the UK's National Crime Agency, has been charged with multiple offenses linked to the alleged misappropriation of Bitcoin during an investigation into online organized crime in 2017.
Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, has published two tweets, elaborating why the world's flagship cryptocurrency Bitcoin may crash to the $10,000 level in the near future.
Bitcoin exchange-traded funds have maintained over 95% of their invested capital, despite a slowdown in inflows and a recent significant drop in price. This resilience, comparable to that of traditional stock ETFs, reflects a change in the behavior of crypto investors.
Bitcoin (BTC) has failed to reclaim $84,000 resistance again and has fallen 4% to retest another crucial support zone. Some analysts suggested that the cryptocurrency's rally will be determined by its weekly close, which could see BTC crash or climb to new levels.
The Bitcoin market rallied a bit in the early hours of Friday, as the market continues to look for a reason to get going higher. However, at this point in time, the market looks like it is simply trying to find a floor.
The proposed legislation could solidify Bitcoin's role in U.S. financial strategy, potentially influencing future economic policies. The post Rep.
The crypto market is currently struggling to regain momentum, with Bitcoin hovering around $83k. Amid this, investors are focusing on long-term opportunities.
The fund provides exposure to convertible bonds issued by companies holding bitcoin in their corporate treasury.
The latest Bitso Crypto Landscape in Latam report indicates that the region is still fertile ground for cryptocurrency markets. The stablecoin market grew, accounting for almost 40% of all purchases, while bitcoin purchases diminished to 22%.
Bitcoin Magazine This Rare Bitcoin Buy Signal Could Ignite Next BTC Rally Bitcoin buy signal emerges as DXY drops 3.4%, a rare event seen 3 times before, hinting at a big BTC rally. This post This Rare Bitcoin Buy Signal Could Ignite Next BTC Rally first appeared on Bitcoin Magazine and is written by Matt Crosby.
REX Shares has launched a new, first of its kind exchange-traded fund focused on convertible bonds from companies incorporating Bitcoin into their treasury.
Bitcoin (BTC) breached a rising support trendline against gold (XAU), which has been intact for over 12 years, on March 14. XAU/BTC ratio weekly performance chart.
Gemini has set a new Guinness world record for the largest aerial display of a currency symbol using 1,000 drones forming the Bitcoin symbol.
TL;DR Crypto-Backed Oil Trade: Russia is using Bitcoin and USDT to facilitate oil transactions with China and India, circumventing traditional financial systems amid global sanctions. Intermediary Process: Payments in local currencies are funneled through offshore accounts, where they are converted into cryptocurrencies and later exchanged for rubles.
BTC faces challenges from weak demand and stakeholder sell-offs.
Now is the perfect time to look for the best crypto to buy, as unleashing Bitcoin into the DeFi protocol could add billions to BTC's liquidity pool. A recent report from Moulik Nagesh of Binance Research has set the crypto world buzzing with a bold claim — Bitcoin's DeFi potential is vastly underutilized.
Valued at just £60,000 ($77,400) at the time of the alleged theft, the bitcoin is now worth around £3.2 million ($4.2 million).
21Shares just announced it will be liquidating two of its exchange-traded funds after a routine review. 21Shares has announced plans to liquidate two of its exchange-traded funds that invest Bitcoin (BTC) and Ethereum (ETH) futures.
Changpeng Zhao isn't exactly the stereotypical criminal. But the Binance founder did plea guilty, back in 2023, to violating anti-money-laundering (AML) laws.
Changpeng Zhao isn't exactly the stereotypical criminal. But the Binance founder did plea guilty, back in 2023, to violating anti-money-laundering (AML) laws.
A new bill set to be introduced in Congress aims to formalize President Donald Trump's executive order establishing a US Strategic Bitcoin Reserve, a move that could further integrate Bitcoin into the nation's financial strategy.Trump signed an executive order on March 7 to use Bitcoin (BTC) seized in government criminal cases to establish a national reserve. The legislation, introduced by US Representative Byron Donalds, seeks to ensure the Bitcoin reserve becomes a permanent fixture, preventing future administrations from dismantling it through executive action.
A White House leak has revealed one of Donald Trump's top bitcoin and crypto officials reportedly said the Trump administration wants to acquire as much bitcoin as possible
TL;DR Bitcoin Reserve Proposal: President Trump's executive order aims to establish a strategic Bitcoin reserve with 200,000 Bitcoin and oversee other forfeited cryptocurrencies through the U.S. Digital Asset Stockpile. Opposition Concerns: Congressman Gerald Connolly opposes the plan, citing conflicts of interest, fiscal irresponsibility, and potential personal financial gains for Trump.
Bitcoin's price appears to be still struggling below key levels. So far, the asset still trades below $82,000 marking a slight uptick of 0.3% in the past day and a roughly 24.3% decrease away from its all-time high (ATH) above $109,000 registered in January.
A top White House representative informed crypto leaders this week that the Trump administration is eager to increase its Bitcoin reserves as part of a broader financial strategy. Bo Hines, the Presidential Working Group on Digital Assets lead, shared with attendees of a confidential meeting hosted by the Bitcoin Policy Institute on Tuesday the government's intent to gather substantial Bitcoin (CRYPTO: BTC) stocks, according to those present.
The Bitcoin (BTC -0.06%) chart has been a roller coaster ride recently.