Bitcoin price has stalled at $105,000 amid increasing spot ETF outflows and as sentiment among investors turned to neutral. Bitcoin (BTC) was trading at $105,550 on Sunday, June 8, up by 5% from its lowest point last week. It remains 5.75% below its highest point this year. Bitcoin has wavered recently because of investor profit-taking….
U.S. jobs growth in May was in line with expectations, suggesting that the Fed may keep rate cuts on schedule. Despite earlier expectations, U.S. jobs data was not the major crypto market mover this week. On Friday, June 6, U.S. hiring slowed, with employers adding 139,000 new jobs. While this figure was lower than the…
Bitcoin made a new all-time high of $111,970.17, exactly 13 days ago, and since then it has formed a clear ranging price action. Bulls are aiming for another all-time high, while bears are hoping that price can retrace below the $100k level and beyond. Let’s find out which scenario is more probable in this BTC…
While Michael Saylor’s Bitcoin playbook is the talk of Wall Street, another U.S.-listed company, Know Labs, is set to join the growing list of publicly traded Bitcoin treasury companies. Former Ripple chief risk officer Greg Kidd is set to acquire Know Labs Inc., a medical device company that offers non-invasive health monitoring solutions, and adopt…
Strategy is doubling down on Bitcoin through a new $1 billion preferred stock IPO. Executive Chairman Michael Saylor explained on CNBC’s Squawk Box how Strategy is leveraging high-yield instruments to convert dollar capital into Bitcoin (BTC) exposure. “We are offering fixed U.S. dollar yield and we’re swapping it into BTC yield, which is what our…
Japanese Bitcoin Treasury firm Metaplanet aims to own at least 210,000 BTC in the next two years, a meteoric leap from its current 8,888 BTC holdings. In a recent post published on June 6, the Japanese investment firm unveiled its latest plan to acquire more BTC (BTC) for its Saylor-inspired Bitcoin strategy. Now, the Tokyo-based…
Every time the Bitcoin Super Signal flashed before, markets surged. Now that it’s back, is it signaling latent momentum. Bitcoin’s quiet volume may be its loudest signal yet Bitcoin’s (BTC) price has eased slightly since reaching a peak of $111,970 on May 22, pulling back to around $103,300 as of June 6, a decline of…
Trump Media & Technology Group, the parent company of Truth Social, has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission following a $2.3 billion raise to build one of the largest Bitcoin treasuries. The registration, announced in a June 5 press release, is tied to recent debt and equity agreements…
Bitcoin’s short-term price performance will largely be influenced by Friday’s U.S. jobs report and a continued increase in ETF inflows, according to Bitfinex analysts. Bitcoin (BTC) could climb to $125,000 by the end of June if macroeconomic conditions remain favorable, analysts told crypto.news on June 5. The primary catalyst in the near term is Friday’s…
Bitcoin and other altcoins continued their downward trend on Thursday as the recent bullish momentum faded. Bitcoin (BTC) dropped briefly below $104,000 as the market capitalization of all coins fell by 1% to $3.27 trillion. Some of the top laggards were altcoins like Fartcoin (FARTCOIN), Dogwifhat (WIF), Jupiter (JUP), and Ethena (ENA). Analysts suggest the…
