Tag: Bitcoin

Bitcoin, DeFi Rally, Zcash Top Weekly Crypto Performance: Finance Redefined

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The digital asset market staged a significant recovery over the past week following the end-of-September slump. Investor interest began to return, driven by a newfound appetite for safe-haven assets due to the uncertainty caused by the US government’s first shutdown in six years. The growing demand for safe-haven assets may see Bitcoin (BTC) follow gold’s rally, potentially leading to a new all-time high of $150,000 before the end of the year, according to Capriole Investments founder Charles Edwards. Bitcoin recovered above the $120,000 mark on Thursday for the first time…

Bitcoin Chases New All-time Highs, Altcoins Gear Up to Follow

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Key points: Solid inflows into spot Bitcoin ETFs show that bulls are back in the driver’s seat and a rally to a new all-time high is likely. BNB is leading the altcoin recovery, with several altcoins poised to break above their overhead resistance levels. Bitcoin (BTC) rose close to $123,900 on Friday, continuing its march toward the all-time high of $124,474. BTC’s recovery is backed by solid demand from the bulls, and the US spot BTC exchange-traded funds recorded $2.25 billion in inflows since Monday, according to Farside Investors data.…

MARA now holds 52,850 Bitcoin worth over $6 billion

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Key Takeaways MARA Holdings now holds 52,850 Bitcoin, strengthening its position as the second-largest publicly traded Bitcoin holder after Strategy. This achievement underscores MARA’s active role in adopting Bitcoin as a treasury asset among public corporations. Share this article MARA Holdings, a US-based Bitcoin mining firm and the second-largest public Bitcoin holder, now holds 52,850 Bitcoin worth over $6 billion, trailing only Strategy in corporate Bitcoin treasury holdings. The milestone positions MARA as a key player in the growing trend of public companies adopting Bitcoin as a treasury reserve asset.…

Bitcoin Defies US Shutdown, Brazil Welcomes Miners: Global Express

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Bitcoin (BTC) surged into October, defying a US government shutdown that has left altcoin exchange-traded fund (ETF) applications in limbo. But while markets welcomed the arrival of “Uptober,” the headlines elsewhere were dominated by regulatory battles and policy experiments. Two defendants pleaded guilty in what UK police called the world’s largest crypto seizure, a case that has left courts wrestling with whether victims should be repaid at today’s Bitcoin value or at what they lost years ago. Brazilian energy companies are courting miners to soak up excess power as lawmakers…

OnePay to add Bitcoin and Ether trading with Zerohash’s help

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Key Takeaways OnePay, a Walmart-backed fintech app, will support Bitcoin and Ether trading. The service launch will be enabled by a partnership with Zerohash, a crypto infrastructure provider. Share this article OnePay, a fintech app backed by Walmart, will add Bitcoin and Ether trading capabilities through a partnership with Zerohash, a crypto infrastructure provider. The integration may enable crypto-to-cash conversions as part of OnePay’s expansion into an everything app model. Zerohash specializes in providing on-chain custody and gasless trading features for consumer applications. The partnership aligns with OnePay’s broader push…

Bitcoin Futures Trades Flip Bullish Into $121K BTC highs

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Key points: Bitcoin futures buy volume indicates that traders are becoming increasingly long-term bullish on BTC this month. The $110,000 “gap” in CME Group’s Bitcoin futures remains unfilled. Bitcoin ETF options experience a spike in popularity as IBIT open interest nears $40 billion. Bitcoin (BTC) derivatives traders are flipping “aggressively long” as price squeezes closer to all-time highs. In a new analysis released on X Friday, J. A. Maartunn, a contributor to the onchain analytics platform CryptoQuant, revealed a significant shift in Bitcoin futures in October. Bitcoin futures buy volume…

New York bill proposes tax on Bitcoin mining for energy aid

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Key Takeaways New York introduced bill S.8518 to tax proof-of-work cryptocurrency mining operations such as Bitcoin. The tax revenue is intended to fund energy relief programs for state residents. Share this article New York lawmakers introduced bill S.8518 today to impose taxes on proof-of-work cryptocurrency mining operations, with revenues directed toward energy relief programs for residents. The legislation targets Bitcoin and other energy-intensive crypto mining activities amid growing concerns over electricity consumption and utility costs across the state. Senator Liz Krueger is among the lawmakers pushing S.8518, which specifically addresses…

Bitcoin Rally To $125K Possible: Here’s Why

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Key takeaways: Over $313 million in Bitcoin bearish positions were liquidated, signaling conditions for a short squeeze. Gold’s momentum highlights investors’ search for alternatives as interest rate cut expectations gain traction. Bitcoin (BTC) flirted with the $121,000 level on Thursday, marking its highest point in seven weeks. Bulls remain confident, noting that current conditions are far stronger than they were in mid-August when BTC briefly touched $124,000. Beyond easing recession fears and gold’s supportive momentum, Bitcoin derivatives suggest traders were caught off guard, a setup that often creates the conditions…

Canaan stock surges over 25% on record US Bitcoin mining rig order

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Canaan Inc. shares jumped more than 26% in early trading Thursday after the crypto mining firm landed a 50,000-rig order. Canaan said that a US-based company purchased the latest-generation “Avalon A15 Pro” mining machines, an institutional-grade Bitcoin mining rig. The buyer was not disclosed, but the sale was reported as Canaan’s largest in over three years. The company’s CEO, Nangeng Zhang, said the sale highlighted both companies’ “confidence in the long-term growth” of Bitcoin mining and the “demand for highly efficient, next-generation infrastructure.” According to the Hashrate Index, the United States…

Bitcoin tops $120K, triggering $400M in liquidations

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Key Takeaways Bitcoin surged past $120K, its highest since August, driving $400M in liquidations led by BTC and ETH. Seasonal trends show October averaging 21% gains, boosting bullish positioning. Share this article Bitcoin climbed above $120,000 today, its highest level since early August, sparking nearly $400 million in liquidations over the past 24 hours. Data shows about $282 million came from short positions and $120 million from longs, with Bitcoin and Ethereum leading the wipeouts. The largest crypto asset by market cap has gained more than 7% since the start…