Day: February 26, 2025

Fold buys 10 more Bitcoin, now holds over 1,000 in treasury

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Fold Holdings, Inc., a bitcoin financial services company, has acquired an additional 10 bitcoin for its corporate treasury. The purchase, made at an average price of approximately $87,500 per bitcoin, brings Fold’s total holdings to over 1,000 bitcoin. Founded with the mission to make Bitcoin (BTC) more accessible, Fold offers services designed to integrate the cryptocurrency into everyday financial activities.  This move reinforces the company’s commitment to incorporating bitcoin into its financial strategy and highlights its confidence in the cryptocurrency’s long-term value. The company’s flagship product, the Fold app, allows…

Panic Sell? Bitcoin’s $88K Fall Wipes Out $1 Billion in Trades

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Este artículo también está disponible en español. Bitcoin’s price fell to $86,099 on February 26th, wiping out almost $1.06 billion from crypto’s market cap and sending ripples across the industry. According to Coinglass tracking, around 230,000 positions have been liquidated for the day.  Related Reading As a sign of bearish sentiment, the digital asset’s open interest has dipped to 5%, reflecting deleveraging among investors and holders. On-chain data also suggests that exchange inflows surged to 14.2%, potentially suggesting panic selling among holders. Furthermore, funding rates are now in negative territory,…

Sasha Ivanov, X Hall of Flame

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The hype around celebrity memecoins won’t last — give it a few months, and people will be back to focusing on DeFi and real utility projects, says Wave founder Sasha Ivanov. “This extractive economy cannot be very stable, and it’s going to be short-lived, so it will last maybe for half a year more, and then we will see something else,” he tells Hall of Flame. “Everybody’s trying to extract as much money as possible, which is a big problem,” Ivanov continues. He believes people will be “very disappointed” because…

Bitcoin price under pressure as $5b options expiry looms

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Deribit’s volatility index fluctuated between 48 and 52, signaling bitcoin investor uncertainty following recent cryptocurrency market declines. Cryptocurrency prices fell further on Feb. 26, ahead of a significant options expiration later this week. Bitcoin (BTC) options with a notional value of approximately $5 billion will expire this Friday on Deribit, likely contributing to increased market volatility. Options allow traders to buy or sell an asset at a predetermined price within a set timeframe, though they are not obligated to do so. The recent bitcoin and cryptocurrency market downturn has resulted…

Lightchain AI Presale Stage 14 Nearing Completion – Don’t Miss Out

This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. PRESS RELEASE. The crypto world is buzzing, and here’s why—you’re about to witness an opportunity you cannot afford to miss. Lightchain AI is redefining the blockchain space with its groundbreaking innovation, and Stage 14 […] Source CryptoX Portal

$44 Billion Bitcoin Liquidation Possible?

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Este artículo también está disponible en español. Shares of Strategy (NASDAQ: MSTR) have dropped by over 55% from the November 24 high at $543 to around $250. With the software intelligence firm now holding approximately 499,096 Bitcoin—worth around $44 billion at current prices—market participants are wondering whether the company could ever face a forced liquidation of its massive Bitcoin treasury. On Tuesday, analysts from The Kobeissi Letter (@KobeissiLetter) took to X to provide a comprehensive thread analyzing this scenario. Here’s what they had to say: “The MicroStrategy liquidation: As MicroStrategy,…

Top New Crypto to Buy as Binance CEO Says Market’s in a Tactical Retreat, Not Reversal

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Richard Teng, Binance’s CEO, firmly believes that the current crypto dump won’t last long. Referencing crypto’s historical performance, Teng said that, just like traditional assets, crypto reacts to changes in the outside world, but it also bounces back. In anticipation, we highlight four top new crypto tokens to buy now. Crypto Always Rebounds ‘It’s important to view this as a tactical retreat, not a reversal. Crypto has been here before and bounced back even stronger.’ – Richard Teng said on X Another piece of positive speculation from Teng is that…

Bitcoin Price Watch: Tariff Fears, Consumer Confidence Woes Keep BTC Below $90K

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Bitcoin is down 1.9% against the greenback trading between $87,739 to $88,156 over the last hour on Feb. 26, 2025, extending losses amid U.S. economic policy anxieties and fluctuating consumer confidence. Bitcoin Navigates Bearish Terrain The leading cryptocurrency’s price declined from the previous day, marking a 24-hour drop of approximately 1.9%, according to the latest […] Original

Avalanche Visa Card Goes Live Aiming to Further the Mass Adoption of Crypto

The Avalanche Foundation, the non-profit that helps steward the development of the Avalanche blockchain, said its much-anticipated Avalanche Card, a Visa credit card that allows users to purchase items with their cryptocurrency, is live and ready to be used. The card was developed in collaboration with Rain, a blockchain-based card issuing platform. It enables users to spend their Avalanche tokens (AVAX), wrapped AVAX, and stablecoins USDT and USDC at any store that takes Visa, the foundation said in an email. It’s good for in-person or online transactions. While other teams…