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Bitcoin (BTC) News


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Galaxy Digital Bitcoin mining

Galaxy Digital Launches BTC-Focused Sustainability Program

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Technology-driven investment management firm Galaxy Digital started an ESG (environmental, social, and governance) program focused on ensuring environmentally-friendly Bitcoin mining. Founder and CEO of Galaxy Digital, Mike Novogratz wrote that the company built a structured approach to implement...

Volatility

Bitcoin volatility index falls to 15-month low

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Bitcoin (BTC) has been trading in a tight range over the past few weeks. On Thursday, February 3, the cryptocurrency rose in price to $37,043. The capitalization of bitcoin is approaching $700 billion. A report from Arcane Research says that the BTC volatility index is at its lowest level since...

Bitcoin

Bitcoin tries to break resistance around $39000

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Last night, Bitcoin (BTC) broke above $39,000 for the first time in two weeks. However, while the coin does not have enough support to maintain the upward momentum of the movement, on the night of Wednesday, February 2, it retreated to $38,840. The capitalization of the leading digital currency now...

Nayib Bukele

Salvadoran leader spoke about the future of bitcoin

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El Salvador's President Nayib Bukele represents the bitcoin bull camp. He is confident that in the long term, the value of the cryptocurrency will increase, as this asset has a limited supply. It was his team that was able to achieve the legalization of cryptocurrency in the Latin American state....

Microstrategy buys more Bitcoin

MicroStrategy Adds 660 Bitcoins Worth $25 M

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The CEO of the biggest publicly-traded business intelligence company MicroStrategy Michael Saylor announced buying another 660 bitcoins for $25 M. MicroStrategy paid about $37.865 per coin. Currently, the company holds about 125.051 BTC purchased for $3.78 bln at an average price of $30.200 per...

JPMorgan note BTC price

JPMorgan Slashed Down Its Long-term BTC Price Prediction to $38 K

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New York-based international bank JPMorgan issued a note on January 26. In the paper, analysts of the bank wrote what is their expected long-term BTC price. According to the bank, volatility along with constant ups and corrections will prevent future adoption by institutions. The estimations by...

Arizona

Arizona authorities may legalize bitcoin

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The legalization of bitcoin in El Salvador has become a landmark event for both the crypto industry and the global economy. In some countries, local politicians have said that they should follow the same path and recognize BTC as a means of payment. They were joined by Senator Wendy Rogers of...

El Salvador

IMF urged the authorities of El Salvador to repeal the BTC law

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Many international organizations and agencies are calling on the leadership of El Salvador to repeal the law recognizing bitcoin as legal tender. Recall that this document began to operate in the Latin American state since September last year. Since that time, El Salvador has been periodically...

Bear market

The market came to a bearish period

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Last Monday, the largest digital currency collapsed to its lowest level since last July. The coin on some trading floors tested values ​​below $33,000, but on Tuesday it was able to rebound. Compared to the peak values ​​recorded in November, the value of BTC has fallen by almost 5%. In the...

Bitcoin

NYU professor announces Bitcoin's imminent collapse

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There are still a lot of opponents of bitcoin and the crypto market among experts. Now the imminent collapse of bitcoin has been announced by New York University economist Angel Benches. He posted a post on Twitter with a forecast that shortly the cost of BTC and altcoins will collapse to zero....

Bitcoin price crypto

BTC Price Fell Below $34.000 for the First Time Since July

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Bitcoin price went down below $34.000 for the first time since July. In the last 7 days, BTC fell by over 21% and hit its lowest level of $33.100 today. At the moment, the coin trades for about $33.500. Bitcoin is about 51% down from its all-time high of $68.789 reached on Nov. 10, 2021. Most of...

El Salvador Bitcoin purchase January

El Salvador Adds 410 Bitcoins to Its Holdings

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The president of El Salvador, Nayib Bukele revealed that the country obtained 410 bitcoins for $15 M. The BTC price was around $36.580 at the time of the purchase. It's the lowest price since July 26, 2021. Earlier, Bukele tweeted that he would probably miss the dip this time. However, he changed...

Crypto liquidations

Amount of Crypto Liquidations Surpassed $720 M

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Crypto prices continued to decline. Bitcoin price dropped to $38.560. Currently, Bitcoin trades at around $39.000. Ether declined to $2800. In the last 24 hours, the global market cap decreased by 7.8% and now stands at around $1.8 trillion....

El Salvador Bitcoin loans

El Salvador to Provide Crypto-Based Loans

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El Salvador continues to increase Bitcoin’s role in the country’s economics. Currently, the government considers offering small and medium businesses $10 M in crypto-backed loans. The program will start in the first quarter of this year. Director at Technological Economic International Affairs...

Crypto whales

Activation of whales provoked a short-term breakthrough of BTC above $42K

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In the middle of this week, Bitcoin (BTC) broke above $42,000. On some trading floors, the BTC rate reached $42,500 on the morning of January 19. However, a correction soon followed, and the night before, the cryptocurrency fell to $41,292. Today, its capitalization over the past seven days has...

Mike Mcglone

Mike McGlone thinks Bitcoin may run into trouble in 2022

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Bloomberg strategist Mike McGlone is known by many as an ardent supporter of bitcoin. Over the past few years, he has repeatedly expressed aggressive forecasts regarding the prospects of cryptocurrency. Now the same analyst has suddenly become less optimistic. If earlier he predicted that BTC could...

Bitcoin

Genesis Trading points to a rise in the number of BTC hodlers

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Digital asset manager Genesis Trading has recorded an increase in the number of investors holding Bitcoin for more than five months. As a result of the December sell-off in the spot market, hodlers were able to significantly increase their reserves in cryptocurrency. The number of such BTC wallets...

El Salvador

Moody's criticizes El Salvador for bitcoin legalization

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The rating agency Moody's considers that the authorities of El Salvador made a big mistake by legalizing BTC. Analyst Jaime Reush expects the investment attractiveness of this Latin American state to decline. Crypto is a volatile instrument. El Salvador recognized BTC and began to invest its...