El Salvador has shifted a significant portion of its Bitcoin (BTC) assets into a secure cold wallet, as announced by President Nayib Bukele. The Central American nation, under newly re-elected President Nayib Bukele’s guidance, revealed its considerable Bitcoin holdings, totaling 5,689.68 BTC, currently valued at over $386 million. This relocation into an offline vault within the nation’s borders...
Marathon Digital Holdings CEO Fred Thiel predicts that the break-even point for Bitcoin mining will climb to about $43,000 following the upcoming halving event. This significant increase from the current industry average of $23,000 underscores the potential impact on miners’ profitability. Thiel shared these insights during a Bloomberg Television interview, highlighting the challenges and adjustments miners will face. Marathon...
In a recent analysis by JPMorgan, Bitcoin has surpassed gold in terms of investor portfolio allocation when adjusted for volatility. Nikolaos Panigirtzoglou, a managing director at JPMorgan, stated that Bitcoin’s (BTC) allocation is 3.7 times greater than that of gold, attributing this shift to the significant inflows into spot Bitcoin ETFs. Since the approval of these ETFs in...
The U.S. government’s holdings of 210,392 BTC worth $14.4 billion make the country one of the largest holders of the coin. The head of CryptoQuant, Ki Young Ju, noted that the U.S. Department of Justice, the Internal Revenue Service, and other departments have not sold a single Bitcoin (BTC) since July 2023. The government’s unrealized profits...
According to one options agency, declines in Bitcoin, Ethereum, and the total crypto market cap sparked short-term skepticism among traders. QCP Capital released a March 15 update pointing to volatility concerns in cryptocurrency markets as Bitcoin (BTC), the leading token, dropped below $66,000 for the first time in nearly two weeks. BTC was down over 5% in...
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce is stressing the need for regulatory clarity and innovation, making it clear that such elements cultivate a conducive environment for the development of crypto. Peirce’s roadmap In a recent discussion with CNBC, Pierce criticized the U.S.’s inadequate regulation of Bitcoin (BTC) and other cryptocurrencies, pointing out that this failure has...
A meme coin trio — Shiba Inu (SHIB), Floki (FLOKI), and Dogwifhat (WIF) — is making waves across the crypto market. Each digital asset is experiencing notable price surges and significant developments. Shiba Inu, riding on the coattails of Bitcoin’s (BTC) recent surge past the $64,000 mark, saw its price skyrocket to a multi-month high in early trading...
Jian Wen faces charges of laundering Bitcoin in a London court as part of an alleged $6 billion investment scam, as her defense claims the scheme’s true mastermind manipulated her. The prosecution alleges Wen, working for her employer, Yadi Zhang, converted Bitcoin to cash via middlemen and purchased a Dubai flat with the funds. At the...
What’s causing the extreme greed in Bitcoin investors in 2024? Discover the driving forces behind the market sentiments and predictions. Since the onset of 2024, Bitcoin (BTC) has demonstrated a remarkable surge, attaining levels of market dominance and investor interest not seen in years. On Feb. 29, BTC reached a new high of $63,544, marking its highest...
The volume of Bitcoin put options traded in block trades has surged to over $500 million. Block trades are large transactions typically made outside the open market to avoid impacting the market price directly. A put option gives the holder the right, but not the obligation, to sell an asset at a specified price (strike price)...
