Hut 8 acquired 990 BTC, bringing its reserves to 10,096 BTC and cementing its position as a leading Bitcoin holder.The company actively diversifies its operations, expanding into AI and cloud computing through GPU-as-a-Service offerings. Hut 8, a top Bitcoin mining company, has made a large investment by purchasing 990 BTC at an average price of...
A recent video by BlackRock, the world’s largest asset management firm, has sparked renewed discussions about Bitcoin’s fixed supply and its implications for the market. Traditionally, Bitcoin’s fixed supply has been heralded by investors as a crucial feature that distinguishes it from fiat currencies, which can be printed at will by central banks. The discourse...
Bitcoin’s surge past $100,000 has created over 14,000 millionaires and 4 billionaires.A decade-long investment in Bitcoin vastly outperformed major stocks like Apple and Nvidia. A new study based on data analyzed by NFT Evening shows that Bitcoin has been outstanding in terms of creating wealth. As the cryptocurrency surged past $100,000 for a token, it...
Michael Saylor has confirmed MicroStrategy needs more leverage to boost its Bitcoin strategy.MicroStrategy shares have benefitted immensely over the year, earning inclusion in the Nasdaq 100 index. Michael Saylor, a co-founder and Chairman of MicroStrategy, recently disclosed a new fundraising strategy for the software development firm. With MicroStrategy already focused on Bitcoin (BTC) acquisition, many...
XRP gains traction through whale support, outperforming BTC and ETH with resilience amid market turbulence.Ethereum’s strategic whale trading aids recovery, but XRP’s fundamentals and unique initiatives give it a competitive edge. The cryptocurrency market faced turbulence as the Federal Reserve implemented its third interest rate cut of 2024, fueling a sell-off that dragged Bitcoin below...
Bitcoin’s crash triggered cascading sell-offs, leading to sharp declines across Ethereum, XRP, Dogecoin, and Solana.$1.17B liquidations highlight market volatility, with Bitcoin’s dominance influencing broader crypto movements. The cryptocurrency market faced a sharp pullback as Bitcoin tumbled 7% to $97,020, just two days after reaching a record high above $108,000. Previously, after Bitcoin crashed below $53,500,...
The Bitcoin bullish wave continues with support levels identified at $80K, $90K, and $100K for daily and weekly trends.Accumulation remains the primary strategy for whales, signaling long-term optimism for Bitcoin and the broader crypto market. Bitcoin momentum in the crypto market continues to attract traders and investors, with analysts providing insights into the top digital...
ASIC sues Binance Australia for misclassifying over 500 retail clients, denying them proper consumer protections for derivatives.Binance compensates affected clients with $8.29 million, while ASIC seeks further penalties to enforce compliance and investor safeguards. The Australian Securities and Investments Commission (ASIC) has filed legal action against Binance Australia Derivatives, accusing the company of misclassifying over...
Bitfinex analysts project Bitcoin could reach $145,000 by mid-2025, with a best-case scenario pushing its price to $200,000 due to growing institutional adoption.Spot Bitcoin ETFs have attracted $36 billion in institutional investments, bolstering Bitcoin’s bullish outlook and 2025 all-time high predictions. After crossing $108,200 yesterday, Bitcoin is gaining significant traction, with analysts at Bitfinex forecasting...
XRP is reported to be poised for an explosive run due to six main factors, including the recent approval of the RLUSD and Donald Trump’s re-election. Another catalyst for a potential surge is the significant increase in daily transactions on the XRP Ledger. XRP has currently reclaimed its position as the third largest crypto by market...