
The 4 Crypto Market Movers Everyone’s Watching This Week
This is likely to be an impactful week for the crypto market, as investors focus on key macroeconomic events.
This is likely to be an impactful week for the crypto market, as investors focus on key macroeconomic events.
Macro hedge fund Brevan Howard disclosed a $2.3 billion position in BlackRock’s Bitcoin ETF, representing over 20% of its total portfolio holdings.
WiseLink led a $10 million funding round for Top Win, which plans to expand into Bitcoin and rebrand as AsiaStrategy after merging with Sora Ventures.
Peter Thiel-backed Bullish has increased its IPO size to raise up to $990 million at a $4.82 billion valuation. The crypto exchange benefits from improved regulatory clarity under the Trump administration’s crypto-friendly policies.
With 364,126 new addresses created daily and a market cap of $2.42 trillion, Bitcoin momentum remains high, but analysts warn about structural risks.
Bitcoin Cash price action lagged behind the market on Sunday as whale retreat, and rapid profit-taking cast shadows on BCH short-term prospects.
The DeFi TVL patterns are similar to the 2021 altseason, which sent Ethereum to its record high.
Harvard University now holds more BlackRock’s iShares Bitcoin ETF shares than it does Alphabet shares.
El Salvador’s National Bitcoin Office signals potential launch of first Bitcoin banks while the nation’s BTC reserves hit 6,263 coins valued at $730 million.
Three prominent crypto venture capitalists shared insights on decentralized AI’s future at Berkeley’s summit, with Electric Capital’s Avichal Garg comparing the current state to 2006, just before Bitcoin’s emergence following the 2008 financial crisis.
Union Jack Oil announced plans to power Bitcoin mining with natural gas from its West Newton field, creating early cash flow before full development.
BTC struggles to regain momentum after slipping below $116K, now lingering in a low-liquidity zone.
Bitcoin rebounded from $112,000 following macroeconomic uncertainty, with technical analyst CrypNuevo identifying key liquidation clusters that could trigger a short squeeze toward $119,000.
SBI Holdings announced plans to launch Japan’s first crypto-asset ETFs and investment trusts, including innovative dual products mixing Bitcoin-XRP and gold-crypto allocations.
Robert Kiyosaki seems to have become a strong supporter of the digital currency.
Bitcoin News Today
Bitcoin (BTC) news covers all information on Bitcoin and other related cryptocurrencies. Bitcoin is a digital currency that was created in 2009 by anonymous founder Satoshi Nakamoto and has since gone on to lead the rise of other digital currencies like it, such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), EOS, Binance Coin (BNB), Monero (XMR), Bitcoin Cash (BCH) and Tether (USDT) among others. The cryptocurrency is decentralized and thus can be sent and transacted over its own peer to peer Blockchain network without a middleman verifying a transaction.
Bitcoin Adoption
Bitcoin (BTC) has grown in leaps over the decade and has had it’s worth multiply in hundreds and thousands since January 2009 when the first BTC block was mined. Bitcoin transactions are irreversible and pseudonymous amongst other properties. Confirmed transactions on the Bitcoin Blockchain network cannot be undone, which in its way also contributes to the strong security associated with BTC.
Over time the awareness that bitcoins like most crypto currencies operate outside the control or regulation of any third parties such as banks, financial institutions, or the government triggered a wakeup call directed to the risks investors may be exposed to when involved in this venture.
Venturing in Bitcoin
Apart from being trustless, the crypto coin is also permissionless, which sets it apart from traditional fiat currencies and government issued money. The cryptocurrency exchange is also important in bitcoin transactions and the overall ecosystem. You’ll need a cryptocurrency exchange to exchange fiat currencies or regular-coins for some BTC.
Bitcoin Mining
Bitcoin mining operations are done to issue new BTCs into the market, with the overall BTCs eligible for circulation set at 21 million. At present, Bitcoin now has more than 18 million coins in circulation and its next halving event, which would reduce its mining rewards by half for the third time, has been slated for May 2020. At present, Bitcoin has a total market capitalization higher than $110 billion and has hit records higher than 300 billion in the past. The next few years might see Bitcoin eclipse its previous records.