Tag: Bitcoin

  • China’s Bitcoin Reserves: Will Beijing Follow the US Playbook?

    China’s Bitcoin Reserves: Will Beijing Follow the US Playbook?

    —

    by

    Issac Lane

    US Moves Towards Strategic Bitcoin Reserve On 7 March, US President Donald Trump signed an executive order to establish a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” This move signifies a major policy shift, with the US government now treating Bitcoin as a long-term store of value rather than simply seizing and liquidating digital…

  • Animoca Brands Reports Growth as AI Cuts Costs by 12%

    Animoca Brands Reports Growth as AI Cuts Costs by 12%

    —

    by

    Issac Lane

    Revenue Rises Amid AI and Optimisation Initiatives Animoca Brands has reported a 12% year-on-year increase in bookings for 2024, reaching $314 million. This growth has been attributed to the company’s ongoing innovation efforts and the strategic use of artificial intelligence (AI) to optimise costs. Bookings, a term commonly used in the gaming sector, represents the…

  • Crypto Market Plunges as US Tariff Wars Escalate

    Crypto Market Plunges as US Tariff Wars Escalate

    —

    by

    Issac Lane

    Nearly $980 Million Wiped Off the Market in 24 Hours The cryptocurrency market witnessed a sharp decline on March 4, with nearly $980 million wiped off in just 24 hours. The downturn erased all gains from former US President Donald Trump’s US Crypto Strategic Reserve announcement, leading to a 14.7% plunge in market value. The…

  • Trump’s U.S. Crypto Reserve Snubs Bitcoin and Ethereum

    Trump’s U.S. Crypto Reserve Snubs Bitcoin and Ethereum

    —

    by

    Oscar

    Former U.S. President Donald Trump has announced the inclusion of XRP, Solana (SOL), and Cardano (ADA) in a proposed U.S. strategic crypto reserve. The move, revealed on his social media platform Truth Social, aims to establish the United States as a global crypto leader. Bitcoin and Ethereum Left Out In a surprising twist, Bitcoin (BTC)…

  • Bitcoin Slips into Bear Market with Biggest Monthly Loss Since 2022

    Bitcoin Slips into Bear Market with Biggest Monthly Loss Since 2022

    —

    by

    Oscar

    Bitcoin recorded its sharpest monthly drop in nearly two years, falling by 17.5% in February and slipping into a technical bear market. This marks its 11th worst monthly performance in the past decade, as negative sentiment hit global financial markets. The cryptocurrency ended February at $84,252 (£67,010), after touching a three-month low of $78,273 on…

  • As the Bulls Eye Breakout, Bitcoin Holds $98K—Will It Rise to $108K?

    As the Bulls Eye Breakout, Bitcoin Holds $98K—Will It Rise to $108K?

    —

    by

    V Sinclair

    Bitcoin managed to hold steady above $98,000 on February 21, marking its strongest daily close in nearly three weeks. The flagship cryptocurrency ended the day at $98,330 on Bitstamp, bringing a much-needed wave of relief to traders who had endured weeks of low volatility. Bitcoin Sees Its Best Daily Close in Weeks Despite trading within…

  • Forecasts for the Crypto Market Inspire Investor Interest and Wariness

    Forecasts for the Crypto Market Inspire Investor Interest and Wariness

    —

    by

    V Sinclair

    A cryptocurrency analyst named Inmortal has made notable predictions regarding the market’s future. Through social media, he expressed a strong bullish outlook for Chainlink (LINK) and Ethereum (ETH) . While his assessments have captured investor attention, there is a critical reminder about the inherent volatility of the market. Target Set at $53 for Chainlink Inmortal suggested that…

  • Bitcoin Activity Surge Signals Possible Market Bottom and Reversal

    Bitcoin Activity Surge Signals Possible Market Bottom and Reversal

    —

    by

    Issac Lane

    Active Addresses Hit Three-Month High Amid Market Correction Bitcoin’s on-chain activity is witnessing a significant uptick, suggesting that the cryptocurrency market may be approaching a turning point following its recent correction. The number of active Bitcoin addresses surged to over 912,300 on 28 February, marking the highest level since 16 December 2024, according to data…

  • Crypto ETF Exodus: Bitcoin and Ether Funds See Billions in Outflows

    Crypto ETF Exodus: Bitcoin and Ether Funds See Billions in Outflows

    —

    by

    Oscar

    The crypto ETF market faced another turbulent week from February 24 to 28, with significant capital outflows from both Bitcoin and Ether funds. Bitcoin ETFs saw a net outflow of $2.61 billion, marking the third straight week of losses, while Ether ETFs lost $335.35 million. Bitcoin ETFs See Record Withdrawals Investor sentiment took a sharp…

  • Bitcoin Faces Correction to $72,000 as Investor Sentiment Weakens

    Bitcoin Faces Correction to $72,000 as Investor Sentiment Weakens

    —

    by

    Issac Lane

    Bitcoin is at risk of a temporary correction towards the $72,000 support level as investor sentiment reaches lows not seen since 2022. Analysts suggest that while a sharp drop below $75,000 is unlikely, market repositioning could push the cryptocurrency further down before a recovery takes shape. Bitcoin Falls to Three-Month Low The price of Bitcoin…