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news-imageFebruary 6, 2025

El Salvador ends Bitcoin as legal tender—Here's why it didn't work

El Salvador, the first country to adopt Bitcoin as legal tender in 2021, recently reversed its decision after pressure from the IMF.
Publisher: Crypto news
Sentiment: Negative
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cover-imageBitcoin
February 6, 2025

Satoshi May Have Used a Canadian Bitcoin Exchange

Conor Grogram, head of product business operations at Coinbase has unearthed evidence that suggests Satoshi may have used Cavirtex, an early Canadian bitcoin exchange that was initially purchased by New York-based Coinsetter in 2015 before being subsequently acquired by Kraken in 2016.

Positive
cover-imageCrypto Reporter
February 6, 2025

Trump administration floats bitcoin as part of U.S. sovereign wealth fund

The United States may soon place bitcoin at the center of its financial strategy, with President Donald Trump's administration considering its inclusion in a potential sovereign wealth fund. Brian Sacks, Trump's crypto advisor, recently unveiled this proposal, highlighting bitcoin's potential as a strategic reserve asset to strengthen America's financial leadership.

Positive
cover-imageThe Currency Analytics
February 6, 2025

El Salvador Expands Bitcoin Holdings Despite Market Dip

El Salvador remains firm in its commitment to Bitcoin, continuing to buy the cryptocurrency even as its price hovers below $100,000. The nation recently added another 12 BTC to its reserve, bringing its total holdings to 6,068 BTC, worth over $554 million.

Neutral
cover-imageThe Daily Hodl
February 6, 2025

Satoshi Nakamoto Still Holding $107,071,037,496 Worth of Bitcoin in Thousands of Wallets: Arkham

Satoshi Nakamato, Bitcoin's mysterious and pseudonymous creator, still holds more than $107 billion worth of BTC, according to the crypto data platform Arkham. Arkham recently added 22,000 Satoshi addresses to its database, listing total holdings of 1.096 million BTC. Arkham relies on Sergio Lerner's Patoshi Pattern theory, which exploits three privacy-related flaws of v.

Positive
cover-imageBenzinga
February 6, 2025

Michael Saylor Eyes 45% Volatility Gap Between Bitcoin And Traditional Markets, Reveals New Strategy To Attract 'Large Pool Of Investors'

Strategy, formerly MicroStrategy (NASDAQ:MSTR), is aiming to fill a significant void in the investment landscape between traditional market indices and Bitcoin (CRYPTO: BTC), CEO Michael Saylor revealed during the company's fourth-quarter earnings call on Wednesday. What Happened: The Bitcoin treasury firm, holding 471,107 Bitcoin valued at $46.1 billion, has pinpointed what Saylor describes as a “large pool of investors” positioned between traditional assets like the SPDR S&P 500 ETF (NYSE:SPY) and Invesco QQQ Trust (NASDAQ:QQQ), which have volatility levels of 15-20, and Bitcoin's 50-60 volatility—creating a roughly 45% gap.

Neutral
cover-imageInvezz
February 6, 2025

Crypto prices on Feb 6: BTC at $97K, TRUMP top gainer with 5% surge

The crypto market was jittery on Thursday. Bitcoin (BTC) and leading altcoins like XRP and Solana (SOL) have remained volatile on February 6. The global cryptocurrency market capitalization is $3.21 trillion, reflecting a 0.26% decrease in the past 24 hours. Total market volume for the last 24 hours was $120.36 billion, a 37.59% decrease.

Positive
cover-imageCrypto Briefing
February 6, 2025

Eric Trump bull-posts Bitcoin amid tariff jitters

Eric Trump's Bitcoin endorsement amid economic uncertainty highlights crypto's potential as a hedge, influencing investor sentiment globally. The post Eric Trump bull-posts Bitcoin amid tariff jitters appeared first on Crypto Briefing.

Positive
cover-imageThe Currency Analytics
February 6, 2025

Trump's Crypto Czar David Sacks Advocates for Bitcoin's Role in U.S. Economy

David Sacks, the appointed crypto czar by former U.S. President Donald Trump, has recently articulated why Bitcoin and other digital assets are essential for the future of the U.S. economy. In a CNBC interview on February 4, 2025, Sacks emphasized the immense potential of cryptocurrencies like Bitcoin and their underlying technologies.

Positive
cover-imageBitcoin
February 6, 2025

Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Bitcoin could soar to $500,000 by 2028 as institutional inflows rise, volatility declines, and regulatory shifts under Trump expand investor access, according to Standard Chartered's outlook. Trump, ETFs, and Institutional Inflows—Will Bitcoin Hit $500K by 2028? Standard Chartered's head of digital assets research, Geoffrey Kendrick, predicts bitcoin could reach $500,000 by the end of 2028.

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