Macroeconomic uncertainty is causing institutions to rethink their positions, which is leading many to Bitcoin, says Tracy Jin. The increasingly turbulent macroeconomic environment is making companies rethink their investment strategies. However, this may be good for Bitcoin (BTC), as institutions flee from traditional types of assets. Tracy Jin, COO of the MEXC exchange, told crypto.news…
Bitcoin price has experienced a strong rally over the past 16 years, outperforming the stock market and becoming the fifth-largest asset globally, behind gold, Microsoft, NVIDIA, and Apple, with a valuation of $2.1 trillion. Bitcoin (BTC) has surged over 1,000% in the last five years, while the Dow Jones has climbed 70% and the tech-heavy…
Solv Protocol announces a collaboration with Chainlink Proof of Reserve, facilitating products geared towards institutional investors interested in BTC and RWA-centered yields. According to the official press release sent to crypto.news, the Proof of Reserve integration will be deployed into three areas of the ecosystem, Solv Protocol, SolvBTC and xSolvBTC. The collaboration allows for real-time…
Remixpoint, a Japanese energy consulting firm, has approved a new 1 billion Japanese yen Bitcoin purchase, bringing its total crypto investment to roughly $84 million. Japanese consulting firm Remixpoint has approved a new ¥1 billion (around $7 million) Bitcoin (BTC) purchase, bringing its total investment in crypto assets to ¥12 billion (approximately $84 million), the…
Bitcoin rose 1.4% in the past day to trade at $109,637 on May 26 early Asian hours, as easing trade tensions between the U.S. and European Union lifted market sentiment. The modest recovery comes after a volatile week in which Bitcoin (BTC) briefly reached an all-time high of $111,814 on May 22 before falling to…
Personal finance author Robert Kiyosaki is warning that many people remain poor because they fail to follow what he calls the “two most important laws of money.” In a recent statement, the author of “Rich Dad Poor Dad” argued that traditional savings in fiat currency like the U.S. dollar are becoming obsolete, urging individuals to…
Prominent cryptocurrency trader James Wynn has liquidated his long positions with Ethereum and Sui at a loss of approximately $5.3 million as market conditions reversed. The high-profile investor subsequently increased his Bitcoin (BTC) exposure, which currently stands at 11,070 BTC, worth roughly $1.19 billion. According to blockchain analytics platform Lookonchain, Wynn’s aggressive position sizing has…
Trump hosts memecoin dinner — ethics be damned; Polygon boss resigns; WLFI and Binance | Weekly Recap
Crypto prices rose this week as US stock indices like the Dow Jones, S&P 500, and the Russell 2000 dropped sharply. The US dollar index also had the worst performance since April, when Donald Trump announced his “reciprocal” tariffs. Bitcoin (BTC) jumped to a record high of $111,900, while the market capitalization of all altcoins…
Bitcoin’s latest pullback from its ATH at $111K has led to a wave of liquidations, wiping out $560M in long and short positions. Bitcoin’s (BTC) latest pullback has contributed to a wave of liquidations of futures positions. On Friday, May 23, liquidations on crypto exchanges affected 160,905 traders, with a total value of erased positions…
