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Bitcoin crashes over 6% to $58k before attempting recovery
Bitcoin (BTC) fell over 6% on Aug. 27 to a low of $57,880 before marking a slight recovery. The majority of the losses were recorded in less than an hour […]
Bitwise CIO says Powell’s remarks could spark a new Bitcoin bull run
Bitwise CIO Matt Hougan believes that US Federal Reserve Chair Jerome Powell’s recent dovish comments could ignite a new bull market for Bitcoin. Hougan, in an Aug. 27 note to […]
Celsius distributes $2.53 billion, some creditors leave funds unclaimed
Bankrupt crypto lender Celsius has repaid approximately $2.53 billion to 251,000 creditors, according to an Aug. 26 court filing. This repayment represents around two-thirds of eligible creditors by number and […]
Nasdaq-listed Semler Scientific boosts Bitcoin holdings above 1000 BTC to become top 20 holder
Nasdaq-listed medical technology firm Semler Scientific has expanded its Bitcoin holdings by purchasing an additional 83 BTC for $5.0 million, according to an Aug. 26 statement. This acquisition brings the […]
Bitcoin sees $543 million in inflows after Powell’s dovish remarks
According to CoinShares’ latest weekly fund flow report, crypto investment products saw their largest inflows in five weeks, with $533 million pouring into the sector. James Butterfill, head of research […]
Bitcoin surges past $63k as Robert F. Kennedy Jr. withdraws and endorses Trump
US presidential candidate Robert F. Kennedy Jr. announced his decision to withdraw from the 2024 presidential race and endorse former President Donald Trump during a press conference in Arizona on […]
Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day
Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders. The market has been flat for most of August after experiencing a significant drop at […]
Trump family unveils new DeFi platform that aims to disrupt ‘big banks’
Former President Donald Trump announced the upcoming launch of the Trump Organization’s new crypto platform — dubbed “The DeFiant Ones” — on Aug. 22. Trump made the announcement via a […]
One Bitcoin now buys over 10,000 Big Macs, up from just 51 in 2015
Bitcoin’s purchasing power, as measured by the Big Mac Index, has significantly increased over the past decade. In 2024, one Bitcoin can buy approximately 10,500 Big Macs, a substantial 20,488% […]
Bitfarms to acquire Stronghold Digital Mining in $175M merger
Bitcoin miner Bitfarms said it has entered into a merger agreement to acquire Stronghold Digital Mining for $125 million in equity value, alongside $50 million in assumed debt. In a […]