The telecom and retail tycoon now holds most of his liquid assets in cryptocurrency, a substantial increase from previous allocations.
The White House's “Crypto Czar” David Sacks says he sold all of his crypto, including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), before the start of Donald Trump's presidency. Sacks says he also owned a $74,000 position in a Bitwise exchange-traded fund, which he sold on January 22nd, two days after Trump's inauguration.
The market reacted with a classic "buy the rumor, sell the news" move after Trump's crypto reserve announcement.
Coldware (COLD) has proven itself as a leader in integrating real-world applications with blockchain technology. Its Web3 mobile platform not only offers decentralized finance solutions but is also a frontrunner in driving climate control initiatives.
The CEO of the recently hacked crypto exchange Bybit says that North Korean hackers have converted 417,348 stolen Ethereum (ETH) into Bitcoin (BTC). According to Bybit CEO Ben Zhou, North Korean state-sponsored hackers stole approximately $1.4 billion in ETH from Bybit, bridging a significant portion of the assets to Bitcoin.
In a recent interview with CNBC, Michael Saylor, co-founder of Strategy, reiterated his bullish outlook on Bitcoin (BTC), predicting the cryptocurrency could reach a staggering $200 trillion market cap. Saylor Forecasts $10 Million Per Bitcoin Currently valued at about $2 trillion, Saylor believes Bitcoin's trajectory will see it grow to $20 trillion and eventually hit the $200 trillion mark, translating to an approximate price of $10 million per BTC based on its capped supply of 21 million coins.
Crypto's accumulation score can be indicative of where it might be heading next.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin Magazine Bitcoin And Africa: Why Not Strategic Beef Reserve? African nations very frequently hold strategic stores of commodities, a reserve of Bitcoin could be a more functional strategy. This post Bitcoin And Africa: Why Not Strategic Beef Reserve? first appeared on Bitcoin Magazine and is written by Heritage Falodun.
The crypto market is witnessing a fresh cascade of liquidations as President Trump's tariff threats become reality. Trump has officially implemented 25% tariffs against both Canada and Mexico, triggering a 500 point drop in the Dow, alongside small drops in the Nasdaq and S&P 500.
Blockstream, a provider of Bitcoin-powered financial infrastructure, has secured billions of dollars in investment as it prepares to launch its crypto lending funds.
The largest asset manager in the world says there is not enough Bitcoin (BTC) to meet the demand from American billionaires. In a new report titled “Why bitcoin? A perspective from model portfolio builders,” BlackRock analysts Michael Gates and Brett Wager details how Bitcoin is inelastic to demand, unlike gold.
While Bitcoin‘s recent upward movements were quite remarkable after struggling with bearish pressure for weeks, the flagship asset's uptrend was short-lived, leading to a pullback to the $85,200 threshold. During the fluctuating performance, investors seem to have lost interest in BTC as there was no sign of accumulation.
Even miners selling high-performance computing to AI models are under strain, according to JPMorgan analysts.
The cryptocurrency sector, often unified in its push against traditional financial systems, is facing a deepening rift over President Donald Trump's proposal to create a U.S. strategic reserve of digital assets. What Happened: Unveiled in early March, the plan as ignited fierce debate over its implications for fiscal responsibility, economic equity, and the very ethos of the crypto movement.
Bitcoin (BTC) has recently experienced a volatile market phase, marked by a brief rally followed by a sharp decline. As the market fluctuates, analysts are predicting that Bitcoin may remain stuck within the $80,000 to $100,000 range for a few months before any significant breakout to the upside.
Bitcoin (BTC) is on track to blow past $150,000 target this year, says veteran crypto market commentator Tom Lee.
The International Monetary Fund (IMF) is halting El Salvador's public sector's Bitcoin purchases as part of the recently approved $1.4 billion loan deal. The fund highlighted its demands in an extended agreement under the Extended Fund Facility for El Salvador, which included a statement from the IMF Executive Director for El Salvador and a staff report.
President Donald Trump in what some have dubbed “The Trump Effect,” caused a 7.28% slump in crypto markets on Tuesday after confirming that the U.S. will slap a 25% tariff on nearly all Canadian and Mexican imports.
The XRP price has retraced and lost the gains it recorded from its Sunday rally following Trump's announcement that the crypto would be included in the crypto strategic reserve. Following this price correction, crypto analyst Trade City has key support levels that could determine XRP's future trajectory.
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XRP's price climbed 30% on Sunday after President Donald Trump announced its inclusion as part of the coins that make up his proposed cryptocurrency reserve. According to on-chain data, this announcement drove the altcoin into overvalued territory.
President Donald Trump sparked a crypto firestorm on Sunday after his posts on the Truth Social platform referenced a U.S. crypto reserve for the world's biggest economy.
El Salvador bought a further 5 BTC for its national reserve, worth roughly $415,000, as the top crypto nosedived to sub-$83,000 on Monday, reversing Sunday's price rally to $95,000.
March appears promising for Bitcoin and the broader cryptocurrency market, as a handful of bullish events and historic market patterns are expected to occur in the coming weeks.
Standard Chartered warns that bitcoin's price could drop to as low as $69,000, bringing it closer to MSTRs average purchase price of $65,000.
As crypto bears turn sour, can XRP's price find its foot despite the market falling into a psychological pitfall?
XRP is at a pivotal moment, with two potential outcomes.
Both cryptocurrency markets and investors show increasing interest in DeFi projects because of their ongoing substantial changes. DeFi token DTX Exchange has received growing interest because its funding round managed to exceed $15.5 million. The token shows more promising prospects than traditional coins like XRP from Ripple according to market analysis.
The XRP network is showing alarming signs of a potential sell-off, with on-chain activity plummeting to dangerously low levels. As traders grow concerned about XRP's weakening fundamentals, many are choosing to offload their holdings and search for better investment opportunities.
Jurrien Timmer, the director of global macro at Fidelity Investments, has opined that Bitcoin no longer appears to be overpriced following the recent correction.
Multiple crypto lawyers have theories regarding the U.S. Securities and Exchange Commission's (SEC) ongoing case against the payments firm Ripple. The SEC has dropped several big-name crypto enforcement actions this year, including lawsuits against Coinbase, Kraken, MetaMask and investigations into Robinhood and OpenSea.
After successfully closing February above the $80,000 price in March, the new month looks promising for the apex cryptocurrency Bitcoin. Observing a handful of positive trends, key figures have outlined their bullish expectations for Bitcoin in March.
Bitcoin price volatility continues, but BTC derivatives remain strong, signaling that whales expect a limited price decline.
As Bitcoin (BTC) teeters just below the $90,000 mark, investors are scouring the altcoin market for the next big opportunity, and XRP and Mutuum Finance (MUTM) are stealing the spotlight. XRP, currently trading at $2.
The price of Bitcoin slipped below $82,000 Tuesday, reversing recent gains as President Trump's 25% tariffs on Mexico and Canada took effect.
Real Vision Founder and CEO Raoul Pal on Tuesday forecasted that the current cryptocurrency bull market cycle, initially expected to peak in 2025, may extend into 2026 due to a prolonged business cycle. What Happened: Pal addressed the chaotic market conditions, providing reassurance to crypto investors navigating sharp volatility and outlining why he believes the cycle's expansion aligns with broader economic indicators.
FTX and Alameda unstaked 3.03M SOL worth $431M, distributing them to 37 wallets. This is their largest unstaking since November 2023, part of an 11.2M SOL unlock plan.
Salinas revealed details of how much bitcoin exposure he has in his personal portfolio in an interview with Bloomberg and described the cryptocurrency as “the hardest asset in the world.
Cardano (ADA) is down 6.5% today and 19.7% in the past 24 hours but has managed to keep some of the gains it experienced after Trump included the token in his proposed list for a U.S. digital asset stockpile.
Bitcoin is once again trading below the $85,000 mark after a series of wild price swings that have left investors uncertain about its next move. Market volatility surged following President Trump's announcement that he plans to establish a U.S. strategic crypto reserve, sparking a brief rally that pushed BTC to $95,000 in just hours.
Bitcoin's recent price movements have reflected a mix of optimism and uncertainty for investors. Earlier this week, Bitcoin surged to $94,000 following news of the U.S. crypto strategic reserve, which is set to include BTC, ETH, SOL, ADA, and other major digital assets.
The cryptocurrency market is facing turbulence as Bitcoin (BTC) takes a significant downturn, dropping nearly 10% in recent days. After an initial surge following President Donald Trump's declaration of the US Crypto Strategic Reserves, Bitcoin's price plummeted to $83K, erasing earlier gains and raising concerns about further declines.
SafeMoon spiked nearly 57% today as the project's token migration to Solana is nearing completion. The developers have been burning huge quantities of SFM tokens and announced a gradual airdrop.
Hamster Network is processing 34,028 transactions per second, positioning itself among the fastest blockchain platforms.
Bitcoin Magazine Mexican Billionaire Salinas Says He Has 70% Bitcoin-Related Exposure Mexican billionaire Ricardo Salinas reveals 70% of his investment portfolio is now allocated to bitcoin, up from just 10% in 2020. This post Mexican Billionaire Salinas Says He Has 70% Bitcoin-Related Exposure first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.
Cardano price is facing bearish pressure, a day after it soared by over 50% following its inclusion in US Strategic Reserves. It has crashed below $1 and erased over $11 billion in value in the last two days.
The new rules require the publication of all government Bitcoin wallet addresses and audited financial statements for crypto-related entities.