Category: Bitcoin News

Key points: Bitcoin’s relief rally is facing selling near $72,000, but a positive sign is that the bulls have not ceded much ground to the bears. Several major altcoins are facing selling at higher levels, indicating that the sentiment remains negative. Bitcoin (BTC) has slipped closer to $69,500, indicating that the bears are selling on rallies. Several analysts believe that BTC’s bottom is still not in. Trader BitBull said in a post on X that BTC’s “real bottom will form below $50,000, where most of the ETF buyers will be…

Interoperability is crucial for a seamless experience with blockchains and cryptocurrencies. However, it is largely missing in integrations between many existing wallet SDKs and RGB, a protocol for issuing assets and running smart contracts on Bitcoin. Utexo, a CTDG Dev Hub participant, has introduced RGB support for Tether’s Wallet Development Kit (WDK) via the Utexo SDK. The support essentially reconciles two fundamentally different views of asset state. Why wallet SDKs and RGB are a mismatch Most wallet SDKs are designed around a narrow and well-defined set of responsibilities: managing keys,…

Bitcoin (BTC) enjoyed stability after Monday’s Wall Street open as gold eyed new February highs. Key points: Bitcoin price forecasts expect BTC to bounce between Fibonacci levels after major volatility. The Coinbase Premium briefly enters positive territory for the first time in four weeks. Crypto markets remain “defensive” across the board, says analysis. Trader sees BTC price “range game” Data from TradingView captured a curious absence of BTC price volatility, while traders were firmly in “wait and see” mode.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView X analyst StefanB was among them,…

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, added another tranche of BTC last week, expanding its holdings without pushing its overall cost basis lower. Strategy acquired 1,142 Bitcoin (BTC) for $90 million last week, according to a US Securities and Exchange Commission filing on Monday. The acquisitions were made at an average price of $78,815 per BTC despite Bitcoin trading below that level for most of the week and briefly touching $60,000 on Coinbase last Thursday. Source: SEC The latest buy brought Strategy’s total Bitcoin holdings to…

Solana’s SOL (SOL) has dropped 38% over the last 30 days, falling to a two-year low of $67 on Friday. Multiple analysts believe that the downside is not over for the seventh-placed cryptocurrency, with downward targets extending as low as $30. Key takeaways: Solana’s head-and-shoulders pattern targets a SOL price of $50 or lower. MVRV bands point to a potential bottom, but support at $75 must hold. SOL/USD weekly chart. Source: Coitelegraph/TradingView Solana targets $42 after bearish confirmation SOL price has already lost over 72% of its value since a…

Bitcoin miner Cango has sold 4,451 Bitcoin on the open market, generating net proceeds of about $305 million it says were used to partially repay a Bitcoin‑collateralized loan and to strengthen its balance sheet.  The company said Monday that the transaction, approved by its board after a review of “current market conditions,” is intended to reduce financial leverage and provide additional capacity to fund its planned expansion into artificial intelligence (AI) and high‑performance computing (HPC) infrastructure. Cango said that the “strategic pivot” meant utilizing its “globally accessed, grid-connected infrastructure” to…

Binance added another $300 million worth of Bitcoin to its emergency reserves on Monday, continuing its experiment with a Bitcoin-backed protection fund as markets remain under pressure. Binance bought another 4,225 Bitcoin (BTC) worth $300 million for its Secure Asset Fund for Users (SAFU) wallet, which holds its emergency reserves, according to blockchain data platform Arkham. The acquisition lifts the fund’s Bitcoin holdings to more than $720 million at current prices. “We’re continuing to acquire #Bitcoin for the SAFU fund, aiming to complete conversion of the fund within 30 days…

Ethereum co-founder Vitalik Buterin drew a clear boundary around what he considers “real” decentralized finance (DeFi), pushing back against yield-driven stablecoin strategies that he says fail to meaningfully transform risk.  In a discussion on X, Buterin said that DeFi derives its value from changing how risk is allocated and managed, not simply from generating yield on centralized assets.  Buterin’s comments come amid renewed scrutiny over DeFi’s dominant use cases, particularly in lending markets built around fiat-backed stablecoins like USDC (USDC).  While he did not name specific protocols, Buterin took aim…

Crypto investment products logged a third straight week of outflows, though the pace of selling eased markedly as digital asset prices steadied after a sharp downturn. Crypto exchange-traded products (ETPs) recorded $187 million in outflows during the week, a sharp drop from the $3.43 billion seen over the previous two weeks, CoinShares reported on Monday. The slowdown came as Bitcoin (BTC) fell to its lowest level since November 2024, with the price touching $60,000 on Coinbase last Thursday. “While flows typically move in line with crypto prices, changes in the…