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Showing posts with the label bitcoin news

US-China Trade Deal May Reveal Bitcoin’s Role as Safe-Haven Asset

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US-China Trade Deal May Reveal Bitcoin’s Role as Safe-Haven Asset As trade negotiations between the United States and China approach a critical juncture, analysts are closely watching Bitcoin’s market behavior for clues about its evolving status as a macroeconomic safe-haven asset. Crypto trader Daan Crypto highlighted that Bitcoin significantly outperformed traditional markets during April’s stock market sell-off, triggered by former President Donald Trump's announcement of new tariffs on “Liberation ... cryptonews

Strategy Adds 15,355 Bitcoin for $1.42B Amid Price Surge

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Strategy Adds 15,355 Bitcoin for $1.42B Amid Price Surge Strategy, the digital asset firm co-founded by Michael Saylor, significantly expanded its Bitcoin holdings last week, capitalizing on a bullish surge that pushed Bitcoin prices beyond $90,000. The acquisition of 15,355 Bitcoin (BTC) between April 21 and April 27 was revealed by Strategy in a regulatory filing with the U.S. Securities and Exchange Commission on April 28. The acquisition, which cost $1.42 billion at an average price of $92... cryptocurrency news

Public Firms May Hold Up to 3M Bitcoin by 2026:

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Public Firms May Hold Up to 3M Bitcoin by 2026: With forecasts suggesting even wider business adoption, public firms are amassing Bitcoin at a record-breaking rate. By the end of 2026, publicly traded companies may have between 2 and 3 million Bitcoin, according to David Bailey, CEO of Bitcoin Magazine. Bailey emphasized the increasing momentum in an April 25 article on X, pointing out that Bitcoin treasury strategy announcements are happening nearly every week, and he anticipates tha... Coinatory cryptocurrencies news

Peter Brandt Takes Long Position as Bitcoin Breaks $90,000

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Peter Brandt Takes Long Position as Bitcoin Breaks $90,000 Bitcoin (BTC) has decisively cleared the $90,000 resistance mark, prompting renowned trading veteran Peter Brandt to announce a long position in the leading cryptocurrency. Brandt, who boasts more than 50 years of trading experience and is celebrated for his mastery of classical chart patterns, confirmed his bullish stance via a public statement on April 22, 2025. After several weeks of consolidation below key resistance levels, Bitcoin ... cryptocurrency news today

Bitcoin ETFs See Biggest Inflows Since January

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Bitcoin ETFs See Biggest Inflows Since January U.S.-listed Bitcoin exchange-traded funds (ETFs) recorded their highest daily net inflows since late January, signaling renewed investor confidence as the broader crypto market surged over the Easter weekend. According to CoinGlass data, the 11 Bitcoin-tracking ETFs collectively posted $381.3 million in net inflows on April 21. The ARK 21Shares Bitcoin ETF (ARKB) led the group, attracting $116.1 million alone. This marks the large... cryptonews

UK’s Abraxas Capital Acquires $250M Bitcoin Ahead of Calm Easter Weekend

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UK’s Abraxas Capital Acquires $250M Bitcoin Ahead of Calm Easter Weekend Whales and institutional investors continue to bolster their Bitcoin holdings as the cryptocurrency market heads into the Easter weekend. Market analysts forecast subdued volatility following two weeks marked by significant turbulence driven by escalating global trade tensions. London-based investment firm Abraxas Capital notably acquired 2,949 Bitcoin, valued at over $250 million, between April 15 and April 19, according to data from crypto ... Coinatory

Arizona Crypto Reserve Bill Advances Toward Final Vote

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Arizona Crypto Reserve Bill Advances Toward Final Vote Arizona’s Strategic Digital Assets Reserve Bill (SB 1373) is poised for a crucial final vote after gaining approval from the House Committee of the Whole on April 17. The bill, which allows the establishment of a Digital Assets Strategic Reserve Fund, would empower the state’s treasurer to manage digital assets seized through criminal proceedings. Under SB 1373, Arizona’s treasurer would be authorized to invest up to 10% of the fund’s total v... cryptocurrency news

Michael Saylor’s Strategy Buys $285M in Bitcoin Amid Turmoil

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Michael Saylor’s Strategy Buys $285M in Bitcoin Amid Turmoil Michael Saylor’s digital asset firm, Strategy, has reinforced its bullish stance on Bitcoin with a $285.5 million acquisition, despite mounting geopolitical and macroeconomic uncertainty. The company purchased 3,459 BTC at an average price of $82,618 per coin, increasing its total holdings to 531,644 BTC—valued at approximately $44.9 billion based on recent prices. This latest investment raises Strategy’s cumulative Bitcoin acquisitions to $3... Michael Saylor’s Strategy Buys $285M in Bitcoin Amid Turmoil Coinatory

Florida Moves Closer to Bitcoin Reserves with Key Legislative Approval

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Florida Moves Closer to Bitcoin Reserves with Key Legislative Approval Florida has advanced House Bill 487 (HB 487), signaling its intent to position Bitcoin as a strategic component of state-held assets. With unanimous approval from the House Insurance and Banking Subcommittee on April 10, Florida becomes the latest state to enter the competitive legislative arena aimed at integrating Bitcoin into sovereign financial frameworks. The bill, formally titled “Investments of Public Funds in Bitcoin,” proposes author... Coinatory news

Arthur Hayes Says Trump Tariffs Could Fuel Bitcoin Surge

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Arthur Hayes Says Trump Tariffs Could Fuel Bitcoin Surge The new tariff measures proposed by U.S. President Donald Trump have garnered strong support from BitMEX co-founder Arthur Hayes, who sees them as a driving force behind the rise of Bitcoin. In an April 3 post on X (formerly Twitter), Hayes stated, "Global imbalances will be corrected, and the pain papered over with printed money, which is good for BTC." ​ Under President Trump's tariff plan, all imports will be subject to a 10% general ... cryptonews

GameStop Completes $1.5B Convertible Debt Offering to Acquire Bitcoin

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GameStop Completes $1.5B Convertible Debt Offering to Acquire Bitcoin ​GameStop Corporation (NYSE: GME), the renowned video game retailer, has successfully concluded a convertible debt offering, securing $1.5 billion in capital. The proceeds are earmarked for general corporate purposes, notably including the acquisition of Bitcoin, as per the company's recent filing with the Securities and Exchange Commission (SEC). ​ Details of the Convertible Notes Offering Initially targeting $1.3 billion, the of... crypto news

Senator Tuberville Reintroduces Crypto Retirement Bill with Trump's Support

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Senator Tuberville Reintroduces Crypto Retirement Bill with Trump's Support In a recent interview with Fox Business's Larry Kudlow, Senator Tommy Tuberville (R-Ala.) expressed robust support for President Donald Trump's economic initiatives, particularly those promoting deregulation and expanded access to cryptocurrencies. Senator Tuberville highlighted his intention to reintroduce the Financial Freedom Act, legislation aimed at permitting Americans to allocate retirement funds into Bitcoin and other cryptocurrencies... Senator Tuberville Reintroduces Crypto Retirement Bill with Trump's Support

Bitcoin's Performance Under Biden and Trump: A Comparative Analysis

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Bitcoin's Performance Under Biden and Trump: A Comparative Analysis ​During President Donald Trump's current term, Bitcoin (BTC) has experienced a decline of over 13%, dropping from approximately $101,000 to around $87,000. This contrasts with the performance during former President Joseph Biden's tenure, where BTC saw an increase of approximately 45%, rising from about $36,000 to $52,000 over a comparable period. ​ The cryptocurrency industry initially expressed optimism toward President Trump's adminis... Coinatory cryptonews

Bitcoin Classified Outside Traditional Securities Framework at SEC’s Inaugural Crypto Roundtable

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Bitcoin Classified Outside Traditional Securities Framework at SEC’s Inaugural Crypto Roundtable At the United States Securities and Exchange Commission’s first-ever Crypto Task Force roundtable, Duke Financial Economics Center visiting fellow Lee Reiners stated that Bitcoin should not be considered a security or an investment contract, citing its inherent decentralization. “Bitcoin is not a security, it's not an investment contract, because it is sufficiently decentralized,” Reiners remarked during the session, emphasizing the cryp... cryptocurrency news Coinatory

Bitcoin’s 22% Correction Seen as ‘Shakeout,’ Not End of Bull Cycle

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Bitcoin’s 22% Correction Seen as ‘Shakeout,’ Not End of Bull Cycle Analysts are characterizing the recent 22%+ drop in the price of bitcoin as a brief market "shakeout" rather than the conclusion of its traditional four-year cycle. Analysts contend that Bitcoin's long-term positive trajectory is unaffected by the broad fears of investors. According to data from Cointelegraph Markets Pro, the cryptocurrency is now trading at $82,680, down from its peak of almost $109,000 on January 20. Although the attitud... Coinatory cryptocurrency news

U.S. Government Controls $16B in Bitcoin, Eyes 1M BTC Under New Bill

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U.S. Government Controls $16B in Bitcoin, Eyes 1M BTC Under New Bill According to a new estimate by Nansen, as of March 12, the U.S. government owned 195,234 Bitcoin (BTC), worth more than $16 billion. Along with Bitcoin, the government's cryptocurrency portfolio also consists of Ethereum (ETH), which is valued at $4.6 million, yield-bearing assets like DAI and AUSDC_V2, and stablecoins like USD Coin (USDC). Laws to Increase Bitcoin Holdings Rep. Nick Begich recently sponsored a bill that would greatly incr... Coinatory

REX Unveils ETF for Bitcoin-Backed Corporate Bonds

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REX Unveils ETF for Bitcoin-Backed Corporate Bonds REX Shares has introduced the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), a new exchange-traded fund designed to invest in convertible bonds issued by companies that hold Bitcoin in their corporate treasuries. Convertible bonds, a form of corporate debt, grant investors the option to convert their holdings into equity under specific conditions. Several firms leverage this mechanism to raise capital for Bitcoin acquisitions. Th... cryptonews

US Accelerates Bitcoin Reserve Implementation: Bitcoin Magazine CEO

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US Accelerates Bitcoin Reserve Implementation: Bitcoin Magazine CEO The U.S. government is moving forward with its Bitcoin reserve initiative at an unexpectedly rapid pace, according to Bitcoin Magazine CEO David Bailey. President Donald Trump’s executive order, signed on March 6, outlines the establishment of a national Bitcoin reserve, a move that industry experts initially expected to roll out gradually. However, Bailey suggests that officials are executing the plan with urgency, completing the proces... cryptocurrency news today

El Salvador Increases Bitcoin Holdings by 13 BTC Amid IMF Pressure

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El Salvador Increases Bitcoin Holdings by 13 BTC Amid IMF Pressure Despite constant pressure from the International Monetary Fund (IMF) to stop public sector investments in Bitcoin, El Salvador has continued to increase its holdings, amassing 13 BTC since March 1. The country's Bitcoin treasury currently has about 6,105 BTC, which is worth over $527 million at current market values, according to the El Salvador Bitcoin Office. The nation usually buys one Bitcoin per day at a constant pace. El Salvador, howev... Coinatory

Mexican Billionaire Ricardo Salinas Allocates 70% of Portfolio to Bitcoin

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Mexican Billionaire Ricardo Salinas Allocates 70% of Portfolio to Bitcoin Ricardo Salinas, the founder and chairman of Grupo Salinas, has significantly increased his exposure to Bitcoin, now allocating 70% of his investment portfolio to the cryptocurrency and related assets—up from just 10% in 2020. In an interview with Bloomberg on March 4, Salinas stated he is "pretty much all in" on Bitcoin, with the remaining 30% of his holdings dedicated to gold and gold mining stocks. "That’s it. I don’t have a single bo... Coinatory cryptocurrencies news