Bitcoin

Virginia-based software company MicroStrategy has announced a $700 million convertible bond offering to boost its Bitcoin reserves and pay down debt. The offering, targeting qualified institutional buyers, will mature in 2028. The firm expects it will raise significant capital to redeem $500 million in existing debt while acquiring more Bitcoin. From Boardrooms to Kingdoms: Bitcoin Adoption Grows Worldwide The notes will bear interest payable semi-annually and will be convertible into cash, MicroStrategy shares, or both. Additionally, MicroStrategy intends to use…

Investors are once again accumulating Bitcoin (BTC) despite previous price declines. Reports indicate that approximately $1.3 billion worth of Bitcoin has been withdrawn from various crypto exchanges, signaling a renewed interest and confidence in the leading cryptocurrency.  Bitcoin Accumulation Frenzy Resumes Data from IntoTheBlock has revealed a new accumulation trend amongst Bitcoin investors. According to the financial service platform, roughly $1.29 billion worth of BTC has exited various Centralized Exchanges (CEXs) in the last week.  This development signals a shift…

Glassnode co-founders Jan Happel and Yann Allemann recently indicated that a Bitcoin crash to $37,000 would be a good thing. They also explained why they wouldn’t be sad about such a massive price decline for the flagship crypto.  Bitcoin Dropping To $37,000 Would Be A Steal Happel and Allemann mentioned in an X (formerly Twitter) post on their shared account that a Bitcoin price drop to $37,000 would be a steal. They added that they won’t be “mad” about the…

Bitcoin (BTC) appears to be bouncing off its summer slumber, say analysts who believe the asset could rebound in the coming months. Recent technical indications and charts suggest that BTC could be on the cusp of a significant price move. The cryptocurrency is geared for a bounce that could take the asset far beyond $92,000, despite recent losses. Short-Term Projection Bitcoin’s immediate technical projection points to a possibly positive trend. Right now, Bitcoin is selling 39.27% below its projected price…

Bitcoin (BTC) is holding above the $58,000 support. This week will confirm the first rate cut by the Federal Reserve, signalling a pivot into a looser monetary cycle. The U.S. dollar is continuing to weaken, and gold has taken advantage. Will Bitcoin now follow gold’s lead? First rate cut to be made on Wednesday A very uncertain economic environment still pervades across the globe, and political incertitude continues amid the latest unsuccessful assassination of presidential hopeful Donald Trump. However, high…

The crypto market has been under pressure lately, with Bitcoin (BTC) facing resistance and signs of seller exhaustion emerging. Amid this uncertainty, analysts believe Dogecoin (DOGE) and an Ethereum-based token are positioned for a significant run. But what is the investor attraction to these digital assets? Let’s discuss Bitcoin’s potential seller exhaustion and why experts are bullish on Dogecoin and this Ethereum token as the market prepares for a breakout! Bitcoin Shows Signs of Seller Exhaustion: Is a Rebound Coming?…

Bitcoin price failed to clear the $60,650 resistance. BTC is now correcting gains and might decline toward the $57,500 support zone. Bitcoin is correcting gains and trading well below the $60,000 level. The price is trading below $58,800 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above…

In the lead-up to what many predict will be the next major cryptocurrency bull run, whales—the largest holders of digital assets—are making strategic moves to position themselves for maximum gains. Recently, a significant Bitcoin (BTC) whale made headlines by liquidating a portion of their BTC holdings to secure more Ethereum (ETH) and the AI-powered token GoodEgg (GEGG). This bold move signals a shift in strategy as investors look to diversify their portfolios with tokens that have the potential for explosive…

Coinbase has addressed recent rumors that it was issuing Bitcoin IOUs to BlackRock for its spot exchange-traded fund (ETF) product. These rumors emerged as TRON blockchain founder Justin Sun criticized the firm’s wrapped Bitcoin product, cbBTC. Coinbase Clarifies ETF Operations Amid Bitcoin IOU Rumors On September 14, crypto analyst Tyler Durden suggested that Coinbase was issuing BTC IOUs to BlackRock. This would mean BlackRock could borrow Bitcoin to short it without proving they held a 1:1 ratio. Durden referenced Cryptoquant…