Bhutan’s Bitcoin Reserves Eq. to 26.7% of its GDP
Bitcoin mining has helped it accumulate $750 million in Bitcoin, 26.7% of its GDP acting as a template for several developing countries.
Tag bitcoin
Semler Sci. to Make 13th BTC Purchase with $500M Capital
Semler Scientific plans its largest Bitcoin purchase of $500 million, raising holdings to around 2,900 Bitcoins.
El Salvador Needs $1.4bn From Trump to Kick Out IMF
El Salvador needs a $1.4 billion credit line from the USA amid IMF bailout pressures, balancing its pro-crypto stance with IMF-imposed economic reforms.
The Strategy Effect: How Much Bitcoin Did Corporates Buy This Week?
This week five companies together bought 7697.3 Bitcoins worth $670 million.
Bitcoin’s 2024 Rally Isn’t Over, Expect Sluggish Price in Short Term
Recent data and analyses confirm Bitcoin's ongoing 2024 rally will persist, with predictions of recovery beyond $60k towards $90k. Factors including funding rates, macro-diagonal theory, and halving effects.
Bitcoin ETFs Break 7 Day Outflow Streak, Net Inflows on 3 May at $378 million
On May 3, 2024, all major spot Bitcoin ETFs recorded their first significant inflows in eight days, totaling $378 million, reversing a previous outflow streak caused by short-term investor volatility.
Bitcoin’s Selling Pressure Ends as Short Term Investors Exit Markets
Severe selling ends in Bitcoin markets that was driven by short-term investors capitalizing on pre-halving bull runs and bullish analyst predictions.
Bitcoin Below $60k, Might Fall to $50k Soon
In the past 24 hours, Bitcoin's price dropped from $63,200 to $57,165 due to ETF outflows, a disappointing Hong Kong ETF debut, miner sales, and overall market bearishness. Analysis of on-chain data, fundamental metrics, and technical charts suggests a bearish trend might continue, exacerbated by negative sentiment and external market pressures.
Altcoins Expecting a Super Rally Led by Bitcoin in 2024
A post-halving rally in Bitcoin is expected to spur similar growth in major altcoins between August and October 2024. Factors like miners' BTC holdings and US monetary policies may initially delay this rally.
Bitcoin Runes Might Outperform Bitcoin Ordinals in 2024
We expect Bitcoin Runes to have a similar or even much stronger performance as compared to Ordinals because of demand in the Memecoin markets.
What are Bitcoin Runes? How Do They Work?
Bitcoin Runes, launched with Bitcoin's 840,000th block, are a new token standard improving upon BRC-20. The token standard was developed by Casey Rodarmor.
The 4th Bitcoin Halving Completes, What Now?
On April 20, 2024, the fourth Bitcoin Halving cut block rewards to 3.125 BTC, amidst challenging macroeconomic conditions and future event uncertainties.