Bitcoin services company Fold announced Friday that it has added 475 BTC to its treasury, or about $41 million worth, bringing its total holdings to more than 1,485 BTC—nearly $130 million worth at today’s price. The firm followed the playbook popularized by Michael Saylor’s Strategy (formerly MicroStrategy), issuing convertible notes to raise funds for the…
David Sacks, the White House’s “Crypto Czar,” highlighted a significant financial oversight by the U.S. government that cost it billions in gains. What Happened: The Department of Justice (DOJ) could have secured over $17 billion had it retained its Bitcoin BTC/USD holdings instead of selling them prematurely, Sacks said. The DOJ had sold approximately 195,000 Bitcoin for $366 million,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The first-ever White House Crypto Summit just happened, and wow, did it shake things up. President Trump took the stage and made a historic announcement: the U.S. government is creating a Strategic Bitcoin Reserve. That’s right – Uncle Sam is now stacking…
At a first-of-its-kind crypto summit at the White House, President Donald Trump pledged to make U.S. the global leader in Bitcoin BTC/USD and digital assets, signaling his administration’s full embrace of the cryptocurrency industry. What Happened: On Friday, more than two dozen top crypto executives, including the Winklevoss twins, Coinbase COIN CEO Brian Armstrong, and…
Bitcoin (BTC) price dipped below $90,000 this week amid market turbulence following its inclusion in the U.S. crypto reserve plan. Meanwhile, Yeti Ouro (YETIO), a rising Play-to-Earn (P2E) token, sees strong presale results with two stages completed already. With over 3 Million raised already in presale, indicating strong investor demand. Bitcoin Price Volatility Intensifies Post-Reserve…
Bitcoin historical price pattern chart. Source: TradingViewThe analysis identifies three bear traps, each marking a false breakdown followed by a strong bullish reversal. The first trap occurred around the $40,000–$45,000 level in late 2024. A brief decline triggered bearish sentiment, only for the price to reverse sharply upward. A second trap followed at the $50,000–$55,000…
The much-anticipated White House Crypto Summit on Friday ended with a whimper rather than a bang for cryptocurrency traders, sending altcoins like XRP, Cardano’s ADA, and Solana’s SOL into steeper declines than market leader bitcoin (BTC). Investors had pinned high hopes on President Donald Trump’s pro-crypto stance, expecting bold announcements about a U.S. strategic crypto…
New York CNN — This week, the Trump White House announced a project that the crypto industry loves, skeptics hate, and that most people, reasonably, don’t really care about: a “bitcoin strategic reserve.” The words are opaque and boring, and you’d be forgiven for tuning them out. But if you want to understand the controversy,…
Bitcoin exchange-traded funds (ETFs) saw nearly $370 million worth of net outflows on March 7 as investors reacted to President Donald Trump’s plan for a US strategic Bitcoin reserve, according to data from Farside Investors. The outflows indicate institutional investors are wary of Bitcoin (BTC) exposure after Trump’s March 6 executive order — which created…
Bitcoin’s price continues to move between bullish and bearish territory, reflecting ongoing uncertainty in the market. After reaching $94,000 earlier this week, the cryptocurrency has since retreated below $90,000, marking an approximately 18% drop from its all-time high (ATH) of $109,000 recorded in January. This latest pullback highlights the shifting sentiment among investors and the…