Tag: Bitcoin
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Dormant Bitcoin Wallets Stir: $130M in Old BTC Moves in February
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In February 2025, dormant Bitcoin wallets saw renewed activity, moving 1,549.25 BTC—valued at approximately $130.45 million at a per-unit price of $84,202. Blockchain tracker btcparser.com flagged these transfers as part of a measured yet reduced reallocation compared to January, signaling cautious maneuvers amid market volatility. Legacy Wallets Show Mixed Engagement The revived BTC originated from…
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Bitcoin Faces Downward Spiral Despite Texas Reserve Talks
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Bitcoin’s price continues to slide, despite discussions surrounding a potential Texas Bitcoin reserve. After peaking at $106,490 in December, the cryptocurrency has dropped by 16% in the past month and now stands at $87,234. This decline reflects growing investor caution and broader economic instability. Why Is Bitcoin Dropping? Two major factors are driving Bitcoin’s current…
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Michael Saylor Hints at a New Bitcoin Purchase from MicroStrategy
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MicroStrategy, a software intelligence company, is back in the spotlight for its bold Bitcoin (BTC) acquisition strategy. Its chairman Michael Saylor has teased another Bitcoin purchase is on the horizon. With Bitcoin’s value soaring, currently sitting at around $101,490, the company’s holdings are now worth an impressive $47.3 billion. Its calculated investment strategy is paying…
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Bitcoin Hits Three-Month Low Amid Market Manipulation Concerns
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BTC Price Drops to $85,000 Before Analysts Predict Rebound to $93,500 Bitcoin (BTC) has reached its lowest level in over three months, falling to $85,341 on February 26 as market pressures and suspected manipulation continue to weigh on its price. However, analysts remain optimistic, forecasting a potential recovery in the coming weeks. Market Manipulation and…
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Bitcoin Slumps Below $90K Amid Market Sell-Off
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Bitcoin has plunged below the $90,000 mark, hitting a three-month low as market-wide selling pressure takes hold. The flagship cryptocurrency dropped 7% to $86,915, briefly touching $86,128—its lowest level since November. The decline follows weakness in equity markets, where top-performing stocks have seen sharp pullbacks. Analysts cite increased macroeconomic uncertainty and profit-taking as key factors…
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Coinbase Derivatives Files for Solana and Hedera Futures Contracts
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Coinbase Derivatives has submitted an application to the Commodity Futures Trading Commission to list new futures contracts for Solana and Hedera. The U.S.-based exchange plans to introduce these cash-settled contracts in February or later, pending regulatory approval. Details of the Proposed Contracts The proposed Solana futures will have a contract size of 100 SOL, with an estimated notional value…
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Brad Garlinghouse advocates for a U.S. cryptocurrency reserve that encompasses more than just Bitcoin.
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Brad Garlinghouse, the CEO of Ripple, recently shared his thoughts on the U.S. government’s plan to create a national digital asset reserve. He believes the reserve should include Bitcoin and other cryptocurrencies like Ripple’s XRP. This idea goes against the opinion of Bitcoin supporters who think Bitcoin should be the only coin in the reserve. US…
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XRP Price Surges Following Approval of Spot ETF in Brazil
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XRP Outperforms Broader Crypto Market XRP has recorded a notable rally, gaining 5% in the past 24 hours to trade above $2.67, outperforming the broader cryptocurrency market. In comparison, the global crypto market capitalisation has seen a modest 1.6% increase, reaching $3.23 trillion. The surge in XRP’s price follows a landmark decision by Brazil’s securities…
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Crypto Firms Rally Behind Ted Cruz to Block DeFi Broker Rule
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Blockchain Industry Urges Congress to Repeal IRS Regulation The Blockchain Association, representing 76 cryptocurrency firms, has urged Congress to support Senator Ted Cruz in repealing the Internal Revenue Service’s (IRS) decentralized finance (DeFi) broker rule. The association argues that the rule threatens US crypto innovation and places an undue burden on blockchain companies. On 19…
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Bitcoin Bull Market Can Withstand $77K Price Drop in 2025, Says Analyst
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CryptoQuant CEO Dismisses Bear Market Concerns Bitcoin’s bull market remains intact even if the cryptocurrency experiences a sharp decline to $77,000 in 2025, according to CryptoQuant CEO Ki Young Ju. In a series of posts on X (formerly Twitter) on 19 February, Ki reassured investors that a 30% drop from Bitcoin’s all-time high (ATH) would…