Category: Bitcoin News

Bitcoin Could Hit $1M if it Tracks Gold

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Bitcoin needs to make up just one-sixth of the global “store of value” market, currently dominated by gold, to reach $1 million per coin, argues Bitwise chief investment officer Matt Hougan. In a blog post on Tuesday, Hougan said that most dismiss the lofty forecast for Bitcoin, as it would require Bitcoin to muscle into 50% of gold’s current market value. However, Hougan said the “mistake” most people are making is ignoring the growth of gold and the broader “store of value” market. Gold’s market cap has grown at around…

Crypto is Just Finance on Different Infrastructure: ASIC

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Blockchain and crypto are technologies performing the same functions as existing financial infrastructure, so they shouldn’t be treated as separate asset classes when crafting legislation, according to the fintech chief of Australia’s securities regulator. In a paper presented at the Melbourne Money & Finance Conference on Wednesday, Australian Securities and Investments Commission’s (ASIC’s) head of fintech, Rhys Bollen, said crypto should be regulated on “economic substance rather than technological form.” Tokenized securities should fall within securities laws, and stablecoins should trigger payment services legislation, Bollen said, while noting that other…

Bitcoin Sentiment Flipped to FOMO After Rebounding Above $70K

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Social media sentiment over Bitcoin has shifted back to optimism as Bitcoin recovered to over $70,000 on Tuesday, driven by US President Donald Trump’s recent comments that the war with Iran could be nearing an end. In an X post on Tuesday, market intelligence platform Santiment shared data that shows the number of positive social media discussions has been steadily increasing after tanking on Monday. “Across X, Reddit, Telegram, and other crypto-related discussions, the crowd is encouraged by Trump’s comments that the war may soon end, and oil prices reversing…

Ripple Seeks Australian Financial License via Acquisition

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Crypto company Ripple said it is set to secure a key financial services license in Australia through the acquisition of an Australian payments firm, adding to an international license grab over the last year. In a statement on Tuesday, Ripple said it will buy BC Payments Australia, a corporate entity tied to the European Banking Circle Group, allowing it access to the company’s Australian Financial Services License (AFSL), which is set to become a requirement for certain crypto companies to provide financial services in the country. The acquisition of BC…

Circle Stock Surges As Bernstein Sees Upside From Stablecoins

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Circle Internet Financial is among Wall Street’s best-performing stocks so far in 2026, and analysts at Bernstein believe the rally could continue as stablecoin adoption accelerates. In a recent note to clients, Bernstein reiterated its “Outperform” rating on CRCL stock and set a $190 price target, which typically reflects analysts’ expectations for a stock over the next 12 months. Despite a volatile end to 2025, Circle shares appear to have decoupled from the broader cryptocurrency market, which has been under pressure since October following a major leveraged liquidation event. Since…

SEC Chair Calls for ‘Coordinated Oversight‘ Between US Financial Agencies

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Paul Atkins, chair of the US Securities and Exchange Commission (SEC), said that an agreement with the Commodity Futures Trading Commission (CFTC) would lead to a new level of “coordination and collaboration,” including on enforcement. In a Tuesday speech for the FIA Global Cleared Markets Conference in Florida, Atkins said that the SEC and CFTC were considering an updated memorandum of understanding on coordination between the two federal regulators. The SEC chair did not explicitly mention oversight of digital assets, but said “the regrettable era of duplicative enforcement actions and…

BTC Leads Recovery While Altcoin Indicators Hit Cycle Lows

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Bitcoin’s (BTC) recent recovery above $71,000 suggests that the price bottom is officially in, and bullish momentum can be seen across the crypto market. TOTAL2, which tracks the market cap of all crypto assets excluding Bitcoin, has held support at its 200-week moving average, but is an altcoin season in the making? The divergence between Bitcoin’s rally and the muted altcoin price action is beginning to draw attention to altseason indicators, raising the question of whether the broader market may soon follow BTC’s lead. TOTAL2 tests long-term support just below…

Societe Generale-FORGE Deploys MiCA-Compliant EURCV Stablecoin on Stellar

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Societe Generale-FORGE, the crypto arm of French banking company Societe Generale, has deployed its euro-denominated stablecoin on the Stellar blockchain, completing a multichain expansion first announced in 2025. The stablecoin, known as EUR CoinVertible (EURCV), is designed to comply with the European Union’s Markets in Crypto-Assets (MiCA) framework and represents a tokenized euro issued by the company for use in digital asset markets. According to the company, the Stellar deployment is intended to broaden the stablecoin’s use across blockchain-based financial applications and tokenized asset services. SG-FORGE said Stellar offers high…

Canaan Boosts Bitcoin, Ether Treasury as Miners Sell BTC

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Bitcoin mining company Canaan increased its digital asset holdings to record levels in February, signaling a long-term accumulation strategy despite challenging market conditions for miners. In its February unaudited mining update issued Tuesday, Canaan said it produced 86 Bitcoin (BTC) during the month, bringing its total holdings to 1,793 BTC, a new record for the company. Canaan’s Ether (ETH) holdings also reached a record high of 3,952 ETH, with the combined value of its digital asset treasury totaling roughly $128 million at current prices. The company’s Nasdaq-traded shares (CAN) were…

Bitcoin Probes $71,500 as Resistance Concerns Plague Bulls

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Bitcoin (BTC) found fresh strength at Tuesday’s Wall Street open as bulls eyed a revisit of local highs. Key points: Bitcoin attempts to push toward the top of its local range, hitting new week-to-date highs. Liquidity conditions spark warnings of a fresh trip lower. The 50-day moving average above $73,500 is a point of concern for BTC/USD going forward. Bitcoin follows stocks in new relief bounce Data from TradingView showed 4.5% daily BTC price gains, with BTC/USD passing $71,500 for the first time since the weekly open. BTC/USD 1-hour chart.…