Month: February 2025

North Carolina’s Strategic Bitcoin Reserve bill a ‘big deal’

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North Carolina has joined a growing list of states seeking to legalize digital currencies, but according to Dan Spuller, this effort stands apart from the rest. More than a dozen U.S. states have introduced legislation to permit holding Bitcoin (BTC) as a strategic reserve. North Carolina is the latest to join the push with the introduction of HB 92. The bill would allow state lawmakers to invest up to 10% of the state’s funds into exchange-traded products tied to digital assets with a market capitalization exceeding $750 billion. It also…

Binance-Backed Memecoin Rips 1,267% After Crypto Exchange Announces Trading Support

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A memecoin launched on the BNB Chain put up massive gains after top global crypto exchange Binance rolled out support for it. In a new announcement, Binance says that it is adding support for Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform. Amid the listing news, TST soared to an all-time high of $0.5113 from its low of $0.02607. The memecoin has since retraced. TST is trading for $0.1717 at time of writing,…

Solana Forms Ascending Triangle For Possible Breakout, Analyst Sets $565 Target

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Este artículo también está disponible en español. Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern that has formed for Solana. Based on this pattern, the analyst predicted that SOL could witness a parabolic rally to a new all-time high (ATH) and provided a target that the crypto could reach.  Solana Could Rally To $565 As Ascending Triangle Forms In an X post, Trader Tardigrade predicted that Solana could rally to $565 following the formation of an ascending triangle. He noted that SOL has been forming…

QCP Capital: Bitcoin Volatility Skews Toward Puts as Upside Catalysts Remain Absent

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QCP Capital reveals financial markets are navigating intensified turbulence after former President Donald Trump unveiled fresh tariffs targeting steel and aluminum. Bitcoin Fluctuations Trend Bearish Per QCP Capital’s latest market update, U.S. President Donald Trump’s plan to impose a 25% duty on these metals sent ripples through markets ahead of pivotal moments such as Federal […] Original

GameStop shares gain 6% amid Bitcoin adoption rumors

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GameStop shares jumped Monday after CEO Ryan Cohen posted a photo with Strategy co-founder Michael Saylor, fueling Bitcoin-related speculation. GameStop shares jumped nearly 7% on Monday morning after the firm’s chief executive Ryan Cohen shared a photo with Michael Saylor, co-founder of Strategy (formerly MicroStrategy), on X. As of press time, GameStop (GME) shares are trading at $26.39, up 6.7%, per data from Google Finance. Cohen’s X post contained no information, leading to speculation that GameStop might be looking into something related to Bitcoin (BTC) as Strategy reignited investors’ interest…

Analyst Eyes $387 For Solana As Key Support Levels Strengthen

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Este artículo también está disponible en español. Despite market turbulence, Solana (SOL) is showing resilience by maintaining a critical support level that analysts think may serve as a launching pad for further gains. A solid pricing structure may open the door for a spike toward $387 in the upcoming months, as SOL presently trades at about $204. However, how feasible is this goal? Related Reading Maintaining Key Support Levels Solana’s ability to keep vital support zones has been one of its strongest suit in recent weeks. SOL has shown positive…

South Korea’s Bitcoin Premium Outpaces Global Markets

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As bitcoin maintains its orbit just north of $97,000 globally, South Korea’s digital currency enthusiasts are navigating a stratospheric valuation of $101,479 per unit—a celestial discrepancy rooted in local dynamics. South Korea’s Crypto Fever Sparks Ongoing Bitcoin Price Premium This persistent premium, documented by cryptoquant.com since mid-January, reflects a dual-engine mechanism unique to the nation. […] Original

Bitcoin price today is ‘where it should have been in 2022’

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Bitcoin’s dip below $100,000 reflects where it should have traded at years ago, says Anthony Scaramucci Speaking on Monday’s CNBC ‘Squawk Box’ segment, the SkyBridge Capital founder and managing partner stated that Bitcoin’s (BTC) price of around $98,000 is “where it should have been in 2022.” He noted that the approval of a Bitcoin spot exchange-traded fund in January 2024 should have occurred in the first quarter of 2022. This delay, he argued, “caused a lot of the price damage,” leading to Bitcoin’s prolonged weakness throughout most of 2022. It…