Category Archives: Bitcoin (BTC)

MicroStrategy is in the news again, with the company’s latest Bitcoin (BTC) purchase worth over half a billion dollars. With this latest purchase, the company now holds a whopping 444,262 BTC, which they have accumulated at a total cost of approximately $28 billion, with an average purchase price of $62,257 per BTC. This is the seventh […]

The price of Bitcoin, the leading cryptocurrency by market capitalization, has slipped to an intraday low of $93,054.  According to Andrew Thrasher, portfolio manager for The Financial Enhancement Group, the leading cryptocurrency is currently testing the 50-day moving average (MA) on the daily chart.  Cryptocurrency analyst David Vallieres believes that the price of Bitcoin coud potentially […]

Kalshi users currently see a 70% chance of a Magnificent 7 company buying Bitcoin before the end of 2025. As reported by U.Today, business intelligence firm MicroStrategy announced another significant Bitcoin purchase earlier today. Its total Bitcoin holdings currently stand at roughly $41 billion, which represents 2.1% of the cryptocurrency’s entire supply. The company’s shares […]

MicroStrategy cofounder Michael Saylor has defended the company’s recent Bitcoin purchases, arguing that those who are not buying the largest cryptocurrency at the top are leaving money on the table.  As reported by U.Today, the Virginia-based business intelligence firm announced its seventh consecutive weekly Bitcoin purchase in a row on Monday. It added more than half […]

Bob McElrath, former blockchain architect at Fidelity Investments, has poured cold water on the idea of creating a strategic Bitcoin reserve in the U.S., describing it as a “hopium hallucination.” “It’s a dumb idea. Don’t expect the US to pump your bags. Bitcoin is small fry compared to the US economy,” he said.  The possibility […]

The price of Bitcoin (BTC) continues to fall, losing nearly 15% in just six days, which is quite painful for a $2 trillion asset. Of course, such a performance changes the sentiment of crypto market participants from bullish euphoria to fear, uncertainty and doubt.  At the same time, Robert Kiyosaki, renowned author of best-selling book “Rich Dad Poor […]

The price of Bitcoin, the leading cryptocurrency by market capitalization, is approaching the $100,000 level once again on Christmas Eve.  The pioneer cryptocurrency is currently changing hands at $98,703, according to data provided by CoinGecko.  The cryptocurrency has surged by nearly 6% in mere hours, with some pundits jokingly describing this overperformance as a “Christmas […]

Jason Calacanis, who is considered to be the greatest angel investor of all time, has suggested that business intelligence firm MicroStrategy might end up breaking “the game of Bitcoin” due to its massive purchases.  Earlier today, Barron’s reported that MicroStrategy shareholders were on track to vote on increasing the company’s authorized common stock to more […]

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According to a Wednesday report by Israeli media outlet Calcalist, six Bitcoin-based mutual funds are on track to start trading in Israel after securing key regulatory approval. This comes after the Israel Securities Authority, Israel’s national securities regulator, greenlit the aforementioned products earlier this month.  IBI and More are among the funds whose products have been […]