The cryptocurrency rebounded above $97,000 as trading volume surged over 60% after a somewhat slower Superbowl weekend. Bitcoin Tops $97K After Superbowl Weekend Bitcoin (BTC) is trading at $97,594.51 at the time of reporting, reflecting a 1.49% increase over the past 24 hours and a 2.
BTC price momentum is still lacking as the active Bitcoin trading range gets ever narrower.
Ethereum's price witnessed a dramatic increase, surging from $2,300 to $2,900 in a span of 24 hours. The price expansion came after an uncertain period that demonstrated a major recovery for Ethereum as the second-largest cryptocurrency.
Japan is mulling over presenting cryptocurrencies as securities-like financial products to mandate companies to reveal more details and safeguard investors. Crypto Assets to be Classified as Financial Products to Protect Investors Japan's Financial Services Agency (FSA) is considering significant reforms to its crypto regulations, aiming to classify crypto assets as financial products akin to securities.
Cryptocurrency analyst Benjamin Cowen sees recent labor market data and inflation expectations potentially having significant implications for Bitcoin's (CRYPTO: BTC) price trajectory in the near term. What Happened: In a podcast on Feb. 9, Cowen highlighted the unexpected drop in the U.S. unemployment rate to 4% and a sharp increase in inflation expectations as key factors that could influence Bitcoin's performance.
Ethereum (ETH) appears to be on the verge of a significant breakout, with its current market structure closely mirroring the 2020-2021 cycle.
In a recent tweet, Bitcoin historian Pete Rizzo highlighted a historic prediction made by Hal Finney, one of the first Bitcoin users and a leading candidate for Satoshi Nakamoto's true identity. According to Rizzo, Finney predicted a $1,000,000 Bitcoin price exactly 14 years ago.
Strategy executed its first Bitcoin purchase since its rebrand and 2024 Q4 earnings report from last week.
Japan's FSA is considering classifying crypto as financial products like securities by 2026, potentially leading to Bitcoin spot ETF approval and a crypto tax cut from 55% to 20%. The post Japan's FSA Plans Crypto Tax Cuts, Bitcoin Spot ETF Approval by 2026 appeared first on Cryptonews.
Maryland recently introduced a Bitcoin reserve bill, making it one of many U.S. states that wish to incorporate Bitcoin into its financial operations. State Representative Caylin Young presented MD HB1389, establishing an investment plan involving Bitcoin to protect against rising prices.
Metaplanet has just announced its full-year 2024 financial results, revealing impressive plans for the future. The company intends to acquire 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. To fund this, Metaplanet will issue 21 million shares in moving strike warrants.
The Hong Kong authorities recognize BTC and Ethereum as valid ways to confirm assets within investment immigration protocols. The HK$30 million ($3.8 million) residency program in Hong Kong accepts crypto assets as valid documentation of assets.
Bitcoin (BTC) remained sluggish over the weekend, hovering between $96,000 and $97,000. However, it dipped below $95,000 early on Monday, falling to a low of $94,855 before rebounding and moving to its current level of $97,450.
Bitcoin is currently testing the crucial 100-day moving average at $95K, a key support level where a bullish rebound is anticipated. However, the asset remains confined between this threshold and the ascending channel's midline, making a decisive breakout essential to confirm the next major trend.
James Howells is attempting to buy the landfill site he thinks still holds a hard drive containing a lost fortune of £620 million in bitcoin.
Bitcoin's first bearish signal since October is here. With key U.S.
Metaplanet, dubbed as Japan's Microstrategy has made a major announcement today. The company's shift to a “Bitcoin-first strategy” has made it one of the top-performing stocks in Japan and worldwide. Notably, it has experienced a stunning 4,800% surge in its stock price over the past year.
Anthony Scaramucci, SkyBridge Capital founder and managing partner, joins 'Squawk Box' to discuss the state of crypto and bitcoin, industry outlook under President Trump, his thoughts on meme coins, and more.
Strategy's fresh 7,633 Bitcoin purchase came days after the firm rebranded from “MicroStrategy” last week.
Long a wild card in the crypto scene, Dogecoin (DOGE) has been riding the waves of excitement, community passion, and even Bitcoin's price swings. Related Reading: $350K Bitcoin?
Bitcoin (BTC) has seen a slight recovery in the past 24 hours, following a volatile week. After a dramatic flash crash to $91,000 on February 3, market analysts continue to debate whether the cryptocurrency has reached a local bottom or if further price declines are on the horizon.
Gold has surged to a new all-time high, outperforming bitcoin year-to-date, as central banks continued aggressive purchases.
Ethereum (ETH) is showing signs of accumulation into wallets and outflows from exchanges. Traders suspect market manipulation to suppress the price, while whales buy near the new lows.
Vitalik Buterin, a co-founder and frontman of the second biggest blockchain platform Ethereum, has taken to his account on the X social media platform to share his negative take on the current state of products powered by artificial intelligence and OpenAI's ChatGPT in particular.
Bitcoin (CRYPTO: BTC) adoption is on track to reach several billion users by the end of the decade, according to Coinbase (NASDAQ:COIN) CEO Brian Armstrong. In a statement on X on Monday, Armstrong pointed to the rapid pace of Bitcoin growth, comparing it to the early adoption rates of mobile phones and the internet.
ETH, DOGE Price Analysis: How Trump Tariffs May Impact Cryptos Such as Ether, Dogecoin
Microstrategy, now Strategy, is doubling down on bitcoin, amassing 478,740 BTC after a bold 7,633 BTC purchase using $742.4 million from stock sales and a preferred stock offering. Microstrategy Now Owns Nearly 500K BTC—Here's How They're Paying for It Software intelligence firm Microstrategy Inc.
Strategy (NASDAQ: MSTR), the world's first and largest Bitcoin (BTC) treasury company, announced the acquisition of about 7,633 Bitcoins between February 3 and 9th. The large-cap company, valued at over $84 billion, used the proceeds from the 516,413 million stock sale under the sales agreement for an aggregate value of $179 million.
Japan's FSA plans to treat crypto financial products like securities, potentially lifting the ban on Bitcoin ETFs and reducing the tax rate on crypto assets from 55% to 20%.
The company now holds almost 479,000 BTC.
Saylor's aggressive Bitcoin acquisition strategy could significantly influence market dynamics and corporate treasury management trends. The post Michael Saylor's Strategy acquires 7,633 Bitcoin after one-week break, holdings now worth $46B appeared first on Crypto Briefing.
Ethereum (ETH) has been under significant pressure in recent months, with its price continuing to decline. However, a recent surge in short positions against the asset from hedge funds has raised the possibility of a short squeeze.
Strategy just dropped $742.4 million on 7,633 Bitcoins after pausing for only a week. The company, which rebranded from MicroStrategy, paid about $97,255 per Bitcoin.
Proton has officially launched its self-custodial Bitcoin wallet, offering enhanced privacy, open-source security, and email-based BTC transfers.
Japan is gearing up for a big shift in its crypto regulations. This came after, Japan FSA requested, the removal of several crypto exchanges like Bybit, KuCoin, and Bitget from Apple stores, signaling tighter crypto regulations.
Business intelligence firm Strategy (formerly known as MicroStrategy) purchased an additional 7,633 Bitcoins (BTC) last week for roughly $742 million, according to a Monday announcement.
Michael Saylor's MicroStrategy has announced another Bitcoin purchase, bringing its total BTC holdings to 478,740. This is the company's first Bitcoin purchase since it rebranded to Strategy, a move that reaffirmed its BTC strategy.
Short interest in Ethereum has skyrocketed by 500% since Nov. 2024, raising questions about whether a looming short squeeze could close the widening performance gap with Bitcoin, despite regulatory support.
Executive Chairman Michael Saylor Announces a Bitcoin Purchase of $742.4 million
Bitcoin remained flat on Monday following a sharp weekend decline driven by renewed trade tensions and investor caution ahead of key U.S. inflation data. The worlds largest cryptocurrency edged up 0.1% to $97,114.6 by 01:54 ET (06:54 GMT) after losing over 4% last week.
Bitcoins (BTC) momentum indicator, the MACD histogram, has flipped negative, sparking concerns among traders. The MACD, a widely used technical analysis tool, measures trend strength by subtracting the 26-week moving average from the 12-week average.
Bitcoin (BTC) recently plunged to nearly $91,000 amid heightened trade war concerns, triggering significant market reactions. On the same day, centralized exchanges recorded a net inflow of $2.72 billion in tether (USDT), the largest stablecoin by market value, according to blockchain analytics firm IntoTheBlock.
Bitcoins correlation with the Nasdaq QQQ ETF suggests a deeper correction may be imminent. Analyst Benjamin Cowen highlights similarities between Bitcoins post-ETF launch movement and QQQs trajectory in 1999.
Bitcoin (BTC) is showing signs of recovery, trading around $96,934 after a brief pullback. Market sentiment remains cautiously optimistic as BTC consolidates near crucial support levels.
Bitcoin (BTC) has yet to break away from gold despite its increasing institutional adoption, according to veteran trader Peter Brandt. The leading cryptocurrency, often touted as digital gold, has not significantly outperformed the precious metal, a development Brandt called very surprising.
The bitcoin acquisitions follow Strategy's latest sale of shares during the same period, equivalent to the same value.
MicroStrategy rebrands to Strategy, embracing its Bitcoin-focused future and solidifying its position as a top Bitcoin holder.
Ether and other altcoins saw a massive week of ETP inflow, while Bitcoin inflows continued to decline, according to data from CoinShares.