Tag: Bitcoin

Bitcoin Profit Takers Keep BTC Price Action Away From $70,000 Reclaim

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Bitcoin found familiar resistance as it crossed the $70,000 mark to hit new April highs, with analysis blaming “profit-taking pressure.” Bitcoin (BTC) coiled below $70,000 at Monday’s Wall Street open as analysis blamed profit taking for price inertia. Key points: Bitcoin and stocks wobble as the US trading session begins amid nerves over the US-Iran war outcome. Profit taking activity is keeping BTC price action away from a $70,000 reclaim, says research. A Trader says $71,000 will act as fuel for a surge $10,000 higher. BTC price meets “profit-taking pressure”…

Jack Dorsey’s Block launches Bitcoin Day event, offering $1M in BTC rewards

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Cash App, Square, and Bitkey, all part of Jack Dorsey’s Block, are kicking off Bitcoin Day, a $1 million Bitcoin giveaway encouraging users to buy, spend, and self-custody the digital asset through their platforms. The campaign, teased last Friday, runs from April 6 through April 10 but it will close early if $1 million in Bitcoin is fully claimed, as noted by the team. The event promises instant bonuses for users who perform at least one of three actions: buying Bitcoin on Cash App, spending Bitcoin at participating Square merchants,…

Strategy resumes Bitcoin purchase, adding $330M in BTC

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Strategy added 4,871 Bitcoin for about $330 million in the first week of April, restarting acquisitions after a brief pause and bringing its total stash to approximately $767,000 BTC. At a Bitcoin price of $69,430, the company’s holdings total approximately $53 billion, with unrealized losses near $5 billion. Strategy has acquired 4,871 BTC for ~$329.9 million at ~$67,718 per bitcoin. As of 4/5/2026, we hold 766,970 $BTC acquired for ~$58.02 billion at ~$75,644 per bitcoin. $MSTR $STRChttps://t.co/NcJj3FXYkg — Strategy (@Strategy) April 6, 2026 ATM activity across two reporting windows The…

Samson Mow Warns Rushed Quantum Fix Could Harm Bitcoin

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Rushed quantum fixes for Bitcoin could introduce new risks, Samson Mow warned in response to calls from Coinbase executives for faster action. Mow, a Bitcoin advocate and Jan3 founder, took to X on Saturday to address comments from Coinbase CEO Brian Armstrong and chief security officer Philip Martin, who urged the industry to begin preparing for quantum computing threats sooner rather than later. He said that while post-quantum (PQ) cryptography could secure Bitcoin (BTC) against future quantum computers, rushing implementation may create new vulnerabilities such as compatibility issues and reduced…

Bitcoin Metric Eyes Repeat of Bull Cross That Sparked $25,000 Gains in 2025

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Bitcoin (BTC) faces a fresh showdown this week as macro tensions contrast with a bullish BTC price trend reversal. A classic BTC price metric is above to flip bullish for the first time in nearly a year — last time, price gained $25,000 in two months. Short time frames see liquidations as “aggressive” traders pile in at $70,000. Iran war tensions are at breaking point as US President Donald Trump’s “Bridge Day” deadline nears. US inflation data will come thick and fast as the war begins to reflect in the…

Michael Saylor Hints at Return to Weekly Bitcoin Purchases

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Michael Saylor has hinted his Bitcoin treasury firm is back on track with its weekly Bitcoin purchases after taking a rare week off at the end of March. In an X post on Sunday, Saylor shared a screenshot from StrategyTracker with the caption  “Back to Work.” He often posts the chart ahead of purchase announcements. The firm took a week off from buying BTC at the end of March, breaking its weekly buying streak for the first time this year. The firm’s last purchase was reported on March 23, buying…

$65M in short positions liquidated as Bitcoin and Ethereum see price bump

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A $65 million liquidation in short positions coincided with a price bump for Bitcoin and Ethereum, indicating short-term bullish sentiment. Traders quickly reacted, seeing the liquidation as relief from bearish pressures. Bitcoin’s odds of surpassing $100,000 by June 30 remain uncertain. The liquidation suggests an upward trend, but market data shows no significant shift yet. This event adds to the narrative of market resilience amid geopolitical tensions. The US-Iran conflict has kept Bitcoin prices between $65K-$69K. The liquidation might signal cautious optimism about de-escalation. Trading volume is absent for the…

$65M in shorts liquidated as Bitcoin and Ethereum prices rise

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$65 million in short positions were liquidated as Bitcoin and Ethereum prices increased. Bitcoin’s odds to be above $100,000 by June 30 remain unchanged with no significant trades shifting the odds. The liquidation coincides with a slight easing of tensions in the US-Iran conflict, as President Trump extended the diplomacy deadline by ten days. This has reduced some risk premiums on digital assets, but oil prices remain around $107, indicating ongoing geopolitical tensions. Bitcoin’s June 30 market is still in play, but price targets remain uncommitted. The liquidation suggests a…

Bitcoin Price Builds for Surge, Bulls Eye Explosive Breakout

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Bitcoin price started a decent increase above the $68,000 zone. BTC is now showing positive signs and might gain further if it clears $69,250. Bitcoin gained pace for a move above the $67,500 and $68,000 levels. The price is trading above $68,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $67,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $69,250 and $69,500 levels. Bitcoin…

Bitwise CIO predicts Bitcoin could hit $1M by 2035 with 15% dominance: FT

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Bitwise CIO Matt Hougan predicts Bitcoin could reach $1 million by 2035 if it achieves 15% market dominance. Bitcoin above $100,000 by June 30 is currently not actively traded. Hougan’s long-term bullish outlook lacks immediate actionable information for the June 30 target. Bitcoin’s dominance, between 58-63%, is influenced by spot ETF approvals and macroeconomic factors. This supports a bullish narrative, but historical dominance fluctuations may temper immediate impacts. Hougan’s statement doesn’t offer short-term catalysts. The June 30 market remains inactive with no trades, showing traders see limited near-term signals for…