Day: March 31, 2026

Record-high Oil Prices May Precede Bitcoin Price Crashes

admin

Historical data shows Bitcoin bear markets deepening when oil prices rally to record highs. Will Monday’s $105 WTI price lead to a BTC crash? Key takeaways: $105 WTI crude often triggers Bitcoin price corrections, with history showing a 14% to 27% sell-off within weeks. The BTC to oil correlation remains uncertain as events like Mt. Gox and the Terra-Luna collapse likely deepened previous crypto bear markets. Oil prices surged to $105 on Monday, reaching their highest level in nearly four years. Historically, this specific threshold has aligned with major Bitcoin…

Senators File Bill to Manufacture More Bitcoin Miners in US

admin

Two US Republican senators have introduced the “Mined in America Act” in an attempt to bring more Bitcoin mining manufacturing back to the US and codify US President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve. Introduced by US Senators Bill Cassidy and Cynthia Lummis on Monday, the new bill seeks to create a voluntary “Mined in America” certification for crypto mining facilities and mining pools. Certified facilities would be required to phase out mining equipment manufactured by companies tied to “foreign adversaries,” and support the domestic manufacturing…