Bitcoin recently experienced a pullback into a key support zone near $106,133, but price action remains bullish. Market structure suggests a continuation toward $125,400 if support holds firm. Despite a short-term dip in Bitcoin’s (BTC) price, the larger technical picture continues to favor bullish continuation. The current pullback appears to be a healthy retracement into…
Bitcoin and most altcoins pulled back on Friday, erasing some of the gains they made earlier this week. Bitcoin (BTC) dropped to $107,300, down by 4.12% from its highest point this week. Similarly, Ethereum (ETH) fell by over 8% from its weekly high, while the market cap of all cryptocurrencies, excluding Bitcoin, fell from this…
The Smarter Web Company PLC has expanded its Bitcoin treasury with a £1.85 million acquisition of 23.09 BTC, marking a strategic push into digital assets as part of its long-term “10 Year Plan.” The Smarter Web Company PLC, a UK-listed technology and digital services provider, has expanded its Bitcoin (BTC) treasury holdings with a fresh…
Swedish tech firm H100 Group rallied almost 40% on news of its $490,000 Bitcoin purchase aimed at diversifying company reserves. As more tech firms turn to Bitcoin as a treasury asset, Sweden’s health tech company H100 Group AB has followed suit, with a $490,000 buy that sent its shares soaring almost 40%. In a press…
As the BTC price stays well above the $110,000 threshold, Matrixport reveals what makes this BTC bull rally different than the others that came before it. In a recent post, Matrixport analysts have noted the evident absence of retail investors in the latest Bitcoin (BTC) rally. Unlike previous bull markets, in which the rally was…
U.S. stocks ended mixed Thursday as markets digested the House’s narrow approval of President Trump’s massive tax-and-spending package. The S&P 500 dipped 0.04%, the Dow Jones Industrial Average was flat, and the Nasdaq Composite rose 0.28%. The legislation—projected by the Congressional Budget Office to add nearly $4 trillion to the federal deficit—includes sweeping tax cuts…
Bitcoin’s open interest rose to $80.91 billion, an all-time high for the metric, suggesting that leverage is driving the latest rally. Bitcoin’s (BTC) rally to its all-time high of $111,970 was likely fueled by leverage. On Thursday, May 22, open interest on Bitcoin futures across crypto exchanges reached $80.91 billion, the highest level ever recorded….
Bitcoin price surged to a record high this week, supported by rising institutional demand and falling supply on exchanges and over-the-counter markets. Bitcoin (BTC) was trading at around $111,500 Thursday afternoon, up 4.2% over the past 24 hours. Despite Bitcoin’s strength, the rally is not lifting Strategy stock. MSTR was trading flat for the day…
Electric vehicle retailer Jiuzi Holdings announced plans to acquire 1,000 Bitcoins over the next year, marking a significant pivot into digital assets. The company said it would fund the purchase through a mix of additional stock issuance and cash purchases, signaling growing corporate confidence in Bitcoin (BTC) as a long-term strategic asset, according to the…
Bitcoin price remained near its all-time high after a stellar surge on May 21, with bulls largely in control as the market eyed price discovery. After hitting highs of $111,861, Bitcoin (BTC) traded to around $110,300 before rebounding higher. Despite the spike to a fresh peak, with Bitcoin outpacing the Dow Jones Industrial Average as…
