Bitcoin price has retreated in the past few days, and the futures market points to more downside, potentially to $100,000. Bitcoin (BTC) dropped to $104,650 on Wednesday, June 18, marking a 6.52% decline from its highest level this year. Option traders are increasingly betting on further declines. Data from Deribit shows that the put-to-call volume…
Norwegian digital asset firm K33 wants to issue a round of shares to raise enough capital to buy as much as 1,000 BTC. The offering has already received full subscriptions. In an official press release, the Norwegian firm declared that it would issue new company shares in order to raise at least 85 million Swedish…
The first European Bitcoin Treasury company, The Blockchain Group, just purchased 17 million euros worth of BTC. This brings the company’s total holdings to a total of 1,653 BTC. In an official press release, The Blockchain Group declared that it has acquired a combined total of 182 BTC (BTC) in the time period from May…
Three Chinese firms that control more than 90% of Bitcoin mining hardware market are reportedly setting up manufacturing hubs in the U.S. as direct result of President Trump’s tariff war. According to a recent report by Reuters, the world’s top three Bitcoin (BTC) mining hardware manufacturers, all originating from China, are gearing up to penetrate…
Bitcoin and most cryptocurrencies retreated on Tuesday as geopolitical risks intensified ahead of the upcoming Federal Reserve interest rate decision. Bitcoin (BTC) dropped from this week’s high of $108,915 to an intraday low of $105,500. Ethereum (ETH) retreated by over 2.2%, while the total market capitalization of all cryptocurrencies declined to $3.28 trillion. Additional data…
El Salvador has continued its daily Bitcoin purchases, adding 240 BTC since December despite a $1.4 billion IMF agreement that discourages public-sector accumulation. El Salvador has purchased 240 Bitcoin (BTC) since Dec. 19 last year, despite a $1.4 billion loan agreement with the International Monetary Fund that discouraged further accumulation. El Salvador’s treasury wallet now…
The Blockchain Group has raised an additional €7.2 million, about $7.7 million, to support its plan of becoming Europe’s leading Bitcoin Treasury company. The announcement was made in a June 17 press release by the Paris-listed firm (Euronext: ALTBG.PA), which is pursuing a long-term strategy of increasing the amount of Bitcoin (BTC) per share it…
Bitcoin’s trading after the conflict between Israel and Iran resembles a capitulation, and recovery may be coming soon, says Bitfinex’s report. Bitcoin (BTC) experienced a sharp downturn following the recent conflict between Israel and Iran, triggering a wave of risk-off sentiment among investors. However, according to a Bitfinex Alpha report published on June 16, the…
Canadian digital assets firm Universal Digital is divesting from its altcoin holdings and working with companies across Asia to adopt Bitcoin reserves. Bitcoin treasuries are becoming increasingly attractive for both crypto and tradFi firms. On June 16, Canadian digital assets firm Universal Digital announced plans to swap its altcoin holdings and exchange them for Bitcoin….
Bitcoin and most altcoins rose on Monday, June 16, as fears surrounding the ongoing Israel–Iran conflict subsided and accumulation continued. Bitcoin (BTC) jumped to $107,000, its highest point since June 12, while the market capitalization of all cryptocurrencies rose to $3.34 trillion. Some of the top gainers were tokens like Jito (JTO), SPX6900 (SPX), Hyperliquid…
