Ark Invest, led by Cathie Wood, has increased its Bitcoin holdings, purchasing 997 BTC worth $80 million through Coinbase on March 13. According to Arkham Intelligence, the transaction was split into two — one for 498 BTC and another for 499 BTC. This move comes as institutional investors adjust their positions amid market fluctuations. While…
A Democrat lawmaker has called on the US Treasury to “cease all attempts” to create a strategic crypto reserve in the United States, citing conflicts of interest with US President Donald Trump and arguing that a stockpile would not benefit the American people. House Representative Gerald E. Connolly of Michigan criticized the “cryptocurrency reserve” in…
Russian oil firms are using Bitcoin, Ethereum, and stablecoins to convert Chinese yuan and Indian rupees into roubles for trade as Western sanctions persist. Faced with Western sanctions, Russian oil firms are actively turning to cryptocurrencies to move money between China and India, Reuters has learned citing sources close to the matter. One of the…
A closely followed crypto analyst and trader is warning that Bitcoin (BTC) is at high risk of a deeper correction. In a new post, crypto trader Justin Bennett tells his 115,900 followers on the social media platform X that Bitcoin’s market structure is weakening as it fails to regain $92,000 as support. “How do some…
Russian companies have been using cryptocurrencies like Bitcoin and USDt to facilitate trade with China and India amid international sanctions, according to a Reuters report. Russian oil companies have used crypto assets including Bitcoin (BTC) and Tether’s USDt (USDT) for international trade, Reuters reported on March 14, citing four sources with direct knowledge of the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows Bitcoin adoption has picked back up again recently, something that could be bullish for the cryptocurrency’s price. Bitcoin Total Amount Of Holders Is Closing In On All-Time High According to data from the on-chain analytics firm Santiment, the Total…
Bitcoin’s price has been experiencing a gradual recovery on a micro level, showing a 1% increase over the past 24 hours, bringing it back above $83,000. However, when viewed from a broader perspective, Bitcoin remains in a bearish trend, down 9.3% in the past week and 24.7% from its all-time high (ATH) in January. This…
Is Bitcoin’s unchangeable nature a security liability? Here’s what you need to know about the largest cryptocurrency’s development before jumping to conclusions about its long-term security. Some cryptocurrency investors worry about data security in the future. Bitcoin (BTC -1.23%) owners often tout the largest coin’s unchanging qualities as a major selling point. But if Bitcoin’s…
The outlook for Bitcoin (BTC) is showing signs of improvement as stablecoin liquidity increases and key market indicators signal a potential reversal of the recent deep correction. CryptoQuant highlighted a significant expansion in the market capitalization of Tether USD (USDT), which usually leads to rising Bitcoin prices. USDT’s market capitalization has grown by $5.75 billion…
Bitcoin’s price outlook is improving as stablecoin liquidity surges, with USDT market cap expanding by $5.75 billion in the past 60 days. According to CryptoQuant’s Mar. 13 post on X, this increase surpasses its 60-day simple moving average of $3.46 billion. The stablecoin market has also exploded, rising 11% from $203.9 billion to $226.1 billion…