Bitcoin

The post Bitcoin Rallies as Marathon Digital Announces $250M Purchase Plan appeared first on Coinpedia Fintech News After notable selling pressure during Asian Trading hours, the cryptocurrency market is recovering. This recovery comes following the announcement by Marathon Digital, the world’s largest Bitcoin miner, of a $250 million Bitcoin purchase. Marathon Digital’s recent Bitcoin purchase announcement On August 12, 2024, Marathon Digital announced that they are planning to raise $250 million of funds by issuing special debt called convertible senior…

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On August 12, Marathon Digital Holdings announced a $250 million fundraising effort by issuing convertible senior notes. The company plans to use the proceeds to expand its Bitcoin holdings, signaling its continued commitment to cryptocurrency investment. Stock Market Response Lukewarm as Marathon Digital Unveils Bold Bitcoin Strategy In its official statement, the Nevada-based Bitcoin mining firm revealed it will issue notes as unsecured senior obligations. These notes will bear interest and be payable semi-annually starting on March 1, 2025, and…

The post Massive Bitcoin Whales Accumulate BTC Like Never Before, Why This Will Push Solana and DTX Exchange Higher appeared first on Coinpedia Fintech News While it is currently showing a slight bearish trend, the price of Bitcoin rose to $57k in the last 48 hours, fueled by the whales’ accumulation of 30k BTC. This considerable increase in the Bitcoin price has impacted other cryptocurrencies and has taken other altcoins such as Solana and DTX Exchange.  DTX Exchange, particularly, is…

Crypto analyst CryptoCon has highlighted a technical indicator that has always accurately predicted each local high for Bitcoin in this bull run. Once again, this indicator has revealed the next local high for Bitcoin and when it will happen.  When Bitcoin Will Reach A Local High Of $109,000 CryptoCon predicted in an X (formerly Twitter) post that the Bitcoin Fibonacci extension is set to push the flagship crypto over $100,000 as it rises to $109,236, a move which the analyst…

Bitcoin (BTC) closed the week above $58,000. Late summer months are usually not easy for the bulls, therefore look for $BTC to continue to chop sideways, at least for this coming week.  More sideways price action After a great recovery last week, following the yen carry trade sell-off, the end of the week saw the $BTC price head lower again, and the weekend also contributed to further sell-offs in price, which has brought $BTC back down to the $58,000 level.…

The post Bitcoin Whale Places $1 Million Bet That This Ethereum Token Trading At $0.01831 Will Rise To $1 In 2 Months appeared first on Coinpedia Fintech News In the intriguing world of cryptocurrency, a Bitcoin (BTC) whale has placed a substantial $1 million bet, that an Ethereum token identified as ETFSwap (ETFS), currently trading at a modest $0.01831, will surge to $1 in just two months.  This bold prediction comes from an investor deeply versed in the intricacies of…

The post Cryptocurrency Market Stumbles Again As Bitcoin (BTC) Price Plunge Below The $59K Mark! appeared first on Coinpedia Fintech News Over the past 24 hours, the crypto market has recorded a drop of 3.99% in valuation, from $2.14 Trillion to $2.05 Trillion, a loss of $90 Billion. Following this, the market leader, BTC price recorded a correction of 3.93% with a trading volume of $25.061 Billion. Further, it has recorded a 24-hour low of $58,207.36 and is presently trading…

The post Michael Saylor’s Bitcoin Strategy Amid Economic Collapse appeared first on Coinpedia Fintech News In a podcast with Altcoin Daily, Michael Saylor, CEO of microstrategy microstrategy Business Intelligence warns that the recent economic collapse is more significant than most realize, especially concerning digital power and Bitcoin. michael saylor michael saylor Micheal J Saylor is the greatest visionary in the Information Systems industry. An enthusiastic blockchain influencer and a splendid leader. He believes that prudent institutional investors should only consider…