Bitcoin News

Bitcoin miners reduce their BTC selling amid the recent price crash.

The world's leading cryptocurrency, bitcoin, is down more than 20% in the last seven days after heavy selling pressure pushed the price of BTC below $44,000 on Sunday. As a result, Bitcoin miners have reduced their BTC selling as...

Bitcoin drops to near $46,000 as the overall market cap of cryptocurrencies loses $100 billion.

The world’s largest cryptocurrency, bitcoin, lost around 10% of its value on Friday after the panic among retail traders triggered a $100 billion sell-off in the crypto market. As of writing, BTC is changing hands at $46,000 with a...

JPMorgan strategists suggest 1% allocation to bitcoin as a hedge.

Strategists at the banking giant JPMorgan have suggested that a one percent portfolio allocation to the leading cryptocurrency Bitcoin would serve as a hedge against fluctuations in traditional asset classes such as stocks, bonds, and commodities. A small percentage...

Microstrategy buys more than $1 billion in BTC as the firm continues to add to its massive holdings.

MicroStrategy announced Wednesday that it bought just over $1 billion worth of additional bitcoin, just days after finalizing another sale of convertible debt. The purchase of 19,452 bitcoins puts the company’s total holdings of the leading cryptocurrency at 90,531....

Jack Dorsey-led payment firm Square has invested $170 million in bitcoin.

Twitter CEO Jack Dorsey-led credit and payments firm Square has invested $170 million in Bitcoin, more than tripling its last investment in the largest cryptocurrency. The company purchased about 3,318 bitcoins at an average price of $51,236, the company...

Elon Musk loses the world’s richest man position after Tesla and bitcoin slump.

Tesla CEO Elon Musk has lost his position as the world's richest man following a slump in Bitcoin and a slump in his company's stock that some analysts believe are correlated. Tesla stock (TSLA) has dropped 21% from its...

Bitcoin drops as it pulls back from record highs, trades below $50k.

Bitcoin started dropping on early Monday, but it briefly gained before dropping below $50,000 once again on Tuesday. The leading cryptocurrency's downward movement came after bitcoin reached new record highs above $58,300 over the weekend. The drop seemed to...

Tesla has made roughly $1 billion in profits from its bitcoin investment, analysts estimate.

According to Daniel Ives, an analyst at Wedbush Securities, Tesla has made roughly $1 billion in paper profits from its investment into bitcoin. As reported by CNBC, the electric car company is "on a trajectory to make more from...

Bitcoin hits $1 trillion market cap as the price surges above $55,500.

The world's leading cryptocurrency continued to extend its gain as its price jumped to an all-time high of $56,399.99, posting a weekly gain of 14%. The price of bitcoin has surged nearly 70% alone this month. At the time...

Elon Musk defends Tesla’s move into bitcoin, says bitcoin is slightly better than fiat.

On Thursday, Tesla Inc CEO Elon Musk defended Tesla's move into bitcoin, saying that owning bitcoin was only a little better than holding conventional cash but that the slight difference made it a better asset to hold. However, when...

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Huobi exchange’s sister firm to launch three funds that are 100% invested in crypto assets.

Huobi Technology Holdings, a Hong Kong-listed firm owned by Huobi exchange's CEO and chairman Li Lin, is set to...