Category Archives: Bitcoin (BTC)

Business intelligence firm MicroStrategy has announced its biggest Bitcoin purchase to date.  The Virginia-based company added 55,500 BTC over the past week, shelling out $97,862 per coin.  Related Following the recent gargantuan purchase, MicroStrategy holds a total of 386,700 BTC. On Nov. 8, it stunned the market with a $4.6 billion purchase. However, it took only […]

Brian Q, an expert at on-chain analytics firm Santiment, shared his insights into controversies in retail sentiment in the past seven days. It looks like Bitcoin (BTC) might be disappointing for the crowd, while some old-school altcoins are in the spotlight again. Bitcoin’s (BTC) failure to hit $100K scares retail traders Bitcoin (BTC) social dominance, […]

The odds of Bitcoin, the largest cryptocurrency, reaching $100,000 this November have plunged to 42% on popular crypto-powered betting platform Polymarket.  For comparison, there was a 90% chance of Bitcoin hitting the much-coveted level just three days ago.  According to CoinGecko data, the bellwether cryptocurrency reached its current record high of $99,645. After falling short of […]

Jason Calacanis, one of the best-known angel investors, recently questioned Saylor’s strategy.  Calacanis, who is known for placing early bets on such companies as Uber and Robinhood, said that the company was “tipping into memestock madness…Why would anyone pay $1 for 80 or 90 cents worth of Bitcoin?” he asked.  In response, Saylor argued that […]

Charles Hoskinson, the prominent crypto entrepreneur behind Cardano, has said he wants to add decentralized finance (DeFi) features to Bitcoin. Looking back on his long history with Bitcoin and its foundational code, Hoskinson described his renewed focus on the cryptocurrency, viewing it as a chance to revisit its design and expand its potential. Related The idea […]

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Jurrien Timmer, director of global macro at Boston-based mutual fund behemoth Fidelity, believes that Bitcoin exchange-traded funds (ETFs) appear to be one of the main catalysts behind the recent rally that nearly brought the largest cryptocurrency to the much-coveted $100,000 price mark.  The Fidelity executive has also taken note of levered speculators pushing Bitcoin’s open […]

Jan Happel and Yann Allemann, who go by the X handle Negentropic, recently opined that long-term holders taking profits was one of the key reasons behind Bitcoin’s recent price correction.  Earlier this week, the leading cryptocurrency by market capitalization dipped all the way to the $90,000 level before paring some of its recent losses.  After […]

In a recent interview with Indian media outlet Money Control, billionaire Tim Draper said that Bitcoin, the leading cryptocurrency, is still “cheap” despite recently approaching the $100,000 level.  Draper, who is known for betting early on such groundbreaking companies as Skype, has predicted that Bitcoin could potentially become the world’s dominant currency. This will significantly reduce the […]

The parliament of the Swiss canton of Bern has passed legislation to study Bitcoin mining, according to Samuel Kullmann, a Bitcoin-friendly member of the right-wing populist Federal Democratic Union of Switzerland (EDU) party.  The vote was 85 to 48 in favor of the aforementioned legislation.  The proposal was co-sponsored by Kullmann, Simon Ryser, a member […]