BTC

The world’s largest independent business intelligence firm, Microstrategy, has completed the purchase of 295 bitcoins for approximately $10 million. This latest purchase continues the company’s accumulation of BTC that began in 2020.  Microstrategy BTC Portfolio Worth $2.4 billion Microstrategy CEO Michael Saylor revealed this latest purchase on Twitter. According to the tweet, Microstrategy purchased the 295 bitcoins using cash per its treasury reserve policy. The firm also spent $10 million to complete this latest round of transactions, including fees and…

Bitcoin addresses holding figures above 1,000 BTC hit a new all-time high this year, adding another 164 new whales, representing $6 billion worth of the flagship cryptocurrency. According to Glassnode, a blockchain data and intelligence provider,  there are almost 2,440 bitcoin whales with above 1,000 BTC in their wallets by press time. In November, the figure was slightly below 2,000. Because of the network’s pseudonymity, it’s simple for a whale to create multiple addresses to spread its holdings. It is…

Bitcoin (BTC) price has been fairly stable this week, hovering within the $34k to $38k region. This relative period of stability has resulted in different analysis on the next price levels for the leading coin. Despite this, institutions continue to accumulate BTC, with Grayscale adding $600 million worth of BTC to its portfolio. Bitcoin market cap down by 5% Bitcoin has experienced a slight dip in the past 24 hours, losing 5% of its market cap during this period.  BTC…

Bitcoin’s position as a global currency continues to increase with adoption in different industries across the world.  This week, a Spanish football club became the first to pay for a footballer’s transfer with Bitcoin. Football’s First transfer with Bitcoin This historic milestone occurred this week when footballer David Barral joined Spanish third division club DUX International de Madrid. The entire transfer was performed via Bitcoin, with the club not disclosing the total amount paid. The signing of this historic contract…

According to the 2020 CoinGecko yearly report, bitcoin's smaller brother ETH has been the standout performing crypto of the past year. The report delved deep into what has been an exciting journey for the crypto space over the past 12 months; the period was marked by major events such as a resurgent decentralized finance space and massive adoption of BTC by institutions part of their hedging strategies. BTC may have grabbed the headlines in 2020 with its explosive run and…

Bitcoin's bullish wave has been remarkable since late last year and has continued into the New Year. The massive surge in price has attracted international attention, and now Chinese media warn citizens about the bullish run. Bitcoin A High-Risk Investment China’s state media has been broadcasting messages asking citizens to be skeptical about the rise in Bitcoin price. National tabloids the Economic Daily and People’s Daily have published articles classifying the crypto asset as a high-risk investment.  Coincidentally both tabloids…

The volume of Bitcoin on exchanges has doubled as the largest cryptocurrency recently crossed above $40,000. This suggests that more traders are looking to sell their assets as the price continues to hit record levels. Bitcoin Trading Volume At Its Highest Point The euphoria that has surrounded the Bitcoin market since December has been remarkable. The leading coin has continued to surpass all expectations, and more mainstream traders have started buying the coin. Exchanges have been the biggest gainers as…

The crypto market has witnessed a massive bullish movement in the past 24 hours. At the time of writing, the total market cap has exceeded the $1 trillion mark for the first time. Bitcoin Hits New All-Time High Bitcoin (BTC) bullish run has continued in recent days as the leading coin continues its march towards uncharted territory. After experiencing a major dip a week ago, which saw the coin move below $30k, Bitcoin has recovered remarkably. The leading coin began…

The year 2021 is off to a good start for Bitcoin (BTC), which has just crossed $30,000. After setting a new all-time high above $20,000, Bitcoin's bullish push does not stop. Bitcoin (BTC) Exceeds $30,000 Bitcoin has begun the New Year from where it left off in 2020 with an extended bullish run. The leading cryptocurrency today surpassed the $30k mark in a major rally in the past few hours. This latest milestone comes just two weeks after it broke…