In DeFi, discovering tokens with the potential for significant returns is similar to finding a diamond in the rough. Within the labyrinth of the DeFi market, certain trailblazers are shifting paradigms, holding the promise of exponential financial gains and pioneering shifts in the Web3 ecosystem. Use cases range from platforms reshaping the traditional method of…
Bitcoin could rally towards $28k as Shiba Memu’s presale approaches $3.5m
Key takeaways Bitcoin is trading above the $27k level once again and could reach the $28k region soon. Shiba Memu’s presale is now closing in on the $3.5 million mark. The cryptocurrency market is having a positive end to the week, with prices of most coins and tokens in the green zone. Bitcoin could be…
Here’s what the U.S. government shutdown may mean for Bitcoin
James Butterfill expects Bitcoin to rally if the U.S. government shuts down. BTC has a history of performing quite well in times of uncertainty. The world’s largest cryptocurrency is already up close to 4.0% today. Bitcoin will likely rally if the U.S. government does indeed shut down on October 1st, says James Butterfill – the…
Bitcoin holds steady as DXY advance hurts stocks
Bitcoin rose to $26,820 on Wednesday, trading in the opposite direction to stocks as the Dollar Index hit a 10-month high. An easing for the DXY could see Bitcoin price strengthen above the $26k base. Bitcoin (BTC) defied a surge for the Dollar Index (DXY) on Wednesday, spiking to above $26,820 in early US trading…
U.S. lawmakers want SEC to ‘immediately’ approve applications for a Spot Bitcoin ETF
Four House Reps. wrote a letter to SEC Chair Gary Gensler on Wednesday. They dubbed Spot Bitcoin ETF “indistinguishable” from Crypto Futures ETF. Bitcoin is still trading around the $26,000 level at writing on Wednesday. All eyes are on Bitcoin today after the U.S. lawmakers urged the Securities & Exchange Commission to “immediately” approve applications…
MicroStrategy’s latest BTC purchase sets Bitcoin price in motion
Bitcoin is defending the $26k after the recent MicroStrategy’s latest BTC purchase. Concerns over the US dollar’s impact on BTC may be overstated by investors. Coinbase holds about 5% of the total bitcoin in circulation. MicroStrategy’s recent acquisition of Bitcoin worth nearly $150 million has made waves in the cryptocurrency market, causing a notable shift…
MicroStrategy purchases 5,445 bitcoins as Chancer’s presale hits $2.2m
Key takeaways Bitcoin continues to trade below $26,500 despite MicroStrategy’s latest BTC purchase. Chancer’s stage two presale has now surpassed the $2.2 million mark. The cryptocurrency market began the week in a bearish mode, with prices of most coins and tokens in the red zone over the last few days. However, that hasn’t halted Chancer’s…
Bitcoin Drops To $26k: Should Investors Buy More Shiba Memu Tokens
TL;DR Bitcoin has dropped to the sub-$26k level as bears remain in control. Shiba Memu’s presale has now surpassed the $3 million mark as more investors troop in. The cryptocurrency market has been bearish over the weekend. The prices of Bitcoin and other cryptocurrencies are in the red zone as sellers continue to be in…
Microstrategy acquires an additional 5,445 bitcoins
MicroStrategy says it acquired the additional 5,445 bitcoins for $147.3 million at the average price of $27,053 per coin. The company now holds 158,245 bitcoins acquired for a total of $4.68 billion. MicroStrategy Inc. (NASDAQ: MSTR), a leading finance software company, has added to its Bitcoin (BTC) haul again. In crypto news shared on Monday…
Coinbase is largest Bitcoin (BTC) holder in the world: Arkham
Arkham announced it identified nearly $25 billion in Bitcoin in crypto exchange Coinbase’s portfolio. The BTC holdings are approximately 948,000, closer to the 1 million BTC of Satoshi Nakamoto. Coinbase is thus the world’s largest known Bitcoin entity, Arkham analysts said on X. Blockchain intelligence firm Arkham has reported that Coinbase holds Bitcoin (BTC) worth about $25…