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Ricardo Salinas, founder and chairman of Mexican conglomerate Grupo Salinas, said 70% of his investment portfolio is now allocated to Bitcoin-related assets — up from 10% in 2020. Speaking with Bloomberg on March 4, Salinas said he’s “pretty much all in” on Bitcoin (BTC), while the remaining 30% of his investments are in gold and…
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Bitcoin price hovers around $87,600 on Wednesday after finding support around $85,000 on the previous day. Ethereum price found support around the $2,125 level, suggesting a recovery on the cards. XRP is approaching its daily resistance at $2.79; a firm close above this level hints at a further recovery. Bitcoin (BTC) hovers around $87,600 on…
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Bitcoin developer Blockstream has secured a multibillion-dollar investment to launch three new institutional funds, including two that will enable lending Bitcoin. “Blockstream’s institutional-grade Bitcoin investment solutions will go live on April 1, with external capital acceptance opening on July 1,” the firm stated on X on March 4, confirming an earlier Bloomberg report. It added…
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Bitcoin’s role in the U.S. economy is becoming a hot topic within the Trump administration, with key advisors reportedly discussing its potential impact on the dollar and its use as a national reserve asset. Zack Herbert, CEO of Foundation Devices, revealed that after Trump’s election, one of his advisors raised concerns about Bitcoin’s potential threat…
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Bitcoin may struggle to move above $94,000 after its failed attempt to reclaim the price level two days ago, Bitfinex analysts say. “Any recovery to take the price back above $94,000 might face significant resistance,” Bitfinex analysts said in a March 3 markets report. Bitcoin (BTC) fell below $94,000 on March 2 and has yet…
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El Salvador’s President Nayib Bukele has publicly refuted terms laid out by the IMF to secure a $1.4 billion December loan agreement, just days after the global financial watchdog announced new requirements that seek to apply pressure to the Central American nation. “‘This all stops in April.’ This all stops in June.’ This all stops in…
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The cryptocurrency rally has come to a sudden halt, with Bitcoin (BTC) retreating sharply from its earlier highs. Over the past couple of days, Bitcoin has lost more than 15%, triggered by a huge selloff of digital assets amid growing fears of a trade war, following President Donald Trump’s announcement of hefty tariffs. There are…
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Bitcoin’s (BTC) recent volatility highlights how markets tend to overreact, especially in situations that can escalate, such as trade wars. The 6.5% drop in the S&P 500 since its all-time high on Feb. 19 might seem minor in absolute terms, but the potential earnings impact is more significant. However, derivatives markets suggest Bitcoin’s dip below…
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The White House’s “Crypto Czar” David Sacks says he sold all of his crypto, including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), before the start of Donald Trump’s presidency. Sacks says he also owned a $74,000 position in a Bitwise exchange-traded fund, which he sold on January 22nd, two days after Trump’s inauguration. Sacks previously…
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Physical Bitcoin may seem like a curious concept to those new to the cryptocurrency world. After all, Bitcoin is a digital asset, right? However, in 2011, Mike Caldwell introduced the idea of physical bitcoins, essentially physical representations of the digital currency. Before this, Bitcoin was strictly a digital currency since its inception in 2009. Caldwell…