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The recent strength indicators for XRP have sparked debates about whether the asset will be able to return to the $3 mark anytime soon. The likelihood of such a move cannot be completely ruled out in light of the cryptocurrency’s recent price spike and improving sentiment. But in order for XRP to overcome this crucial…
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Bitcoin price hit a new 10-day peak of $85,900 on Thursday, March 20, ahead of US President Trump’s speech at Blockwork’s crypto digital asset summit. While BTC price tumbled to $83,400 after Trump’s speech, derivatives trading data suggest major reversals are unlikely. Technical indicators show that trading volumes must increase significantly for BTC to advance…
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Bitcoin market sentiment has deteriorated to levels not seen since January 2023, according to crypto analytics firm CryptoQuant. In a report released Thursday, CryptoQuant revealed its Bull Score Index has fallen to 20 — showing only two out of ten key metrics in bullish territory. This reading marks the lowest level in over two years…
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NASDAQ-listed biopharmaceutical firm Atai Life Sciences says cryptocurrencies like Bitcoin could be key to survival for biotech startups as they wade through years of regulatory approvals. Atai, which is developing mental health treatments using psychedelics like DMT and MDMA, has become the latest public company to announce plans to buy Bitcoin. It plans to buy…
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The Division of Corporation Finance of the U.S. Securities and Exchange Commission (SEC) has issued a statement on proof-of-work cryptocurrency mining, clarifying that neither solo mining nor pool mining implicates the securities laws. Bitcoin mining does not involve a reasonable expectation of profits. Miners contribute their own computational resources in order to earn rewards and secure…
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Bullish Bitcoin (BTC) positions using leverage on the Bitfinex exchange surged to their highest level in nearly six months, reaching 80,333 BTC on March 20—equivalent to $6.92 billion. The 27.5% increase in Bitcoin margin longs since Feb. 20 has fueled speculation that the 12.5% BTC price gain from the $76,700 low on March 11 is…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Lately, the Bitcoin market has been seeing some notable adjustments in its price and key metrics even as volatility continues to overshadow the broader crypto market. With positive developments emerging in the market, bullish momentum appears to be building as the price…
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Atai Life Sciences, a biopharmaceutical company that trades on the Nasdaq as ATAI, is the latest publicly traded company to announce plans to launch a Bitcoin treasury strategy. The firm, which focuses on the treatment of mental health disorders, announced plans Thursday to acquire $5 million worth of Bitcoin as a starting point. “All of…
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Grand Prairie, Texas — Joseph Buentello, 80, was cruising through retirement when he received a call erroneously claiming his son was in jail. “I was scared, I hit the panic button and I let my panic take control of my good judgment,” Buentello, of Grand Prairie, Texas, told CBS News. The caller told Buentello that…