Month: March 2025

Bitfarms stock is ‘undervalued’ as firm pivots to AI and energy: analyst

H.C. Wainwright & Co. analyst Mike Colonnese has added Bitfarms stock to the firm’s top picks in the Bitcoin mining sector for 2025, citing strong operational improvements and a shift toward high-performance computing and AI infrastructure. In a research note following Bitfarms’ Q4 2024 earnings report and conference call, Colonnese said the market is “significantly undervaluing” the company’s scaled-up mining operations and emerging AI strategy. H.C. Wainwright reiterated its Buy rating on Bitfarms with a $3.50 per share price target, implying upside potential of more than three times from its…

Bill Proposes Voluntary Cryptocurrency Acceptance in Panama

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A bill recently presented to the National Assembly in Panama proposes legalizing the voluntary acceptance of cryptocurrency in commercial transactions. The proposal also encompasses VASP regulation and integrating blockchain for optimizing state processes. Bill Introduced in Panama Proposes Voluntary Cryptocurrency Acceptance, Blockchain Integration More and more countries are starting to appreciate the properties of cryptocurrency […] Source

Crypto Pundit Makes Case For Bitcoin Price At $260,000, But This Invalidation Level Threatens The Rally

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A prominent crypto pundit has outlined a compelling case for the Bitcoin price outlook, predicting a surge to a target as high as $260,000 this bull cycle. However, a…

GameStop stock plunges over 25% intraday after announcing $1.3b Bitcoin bet

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GameStop’s stock experienced a stock decline of over 25% intraday on Thursday. This slump followed the announcement of a strategic pivot involving the issuance of $1.3 billion in convertible bonds to finance the acquisition of Bitcoin (BTC). The video game retailer plans to offer these 0% convertible senior notes, maturing in 2030, in a private sale.  The proceeds are intended for general corporate purposes, including the purchase of Bitcoin, as part of an updated investment policy approved by the company’s board earlier this week.  GameStop shares spiked over 14% in…

$16.5B in Bitcoin options expire on Friday — Will BTC price soar above $90K?

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Bitcoin (BTC) investors are preparing for the record-breaking $16.5 billion monthly options expiry on March 28. However, the actual market impact is expected to be more limited, as BTC’s drop below $90,000 caught investors off guard and invalidated many bullish positions.  This shift gives Bitcoin bears a crucial opportunity to escape a potential $3 billion loss, a factor that could significantly influence market dynamics in the coming weeks. Bitcoin options open interest for March 28, USD. Source: Laevitas.ch Currently, the total open interest for call (buy) options stands at $10.5…

Federal Bitcoin Shift: 97.34 BTC Moved From US Government Holdings

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On Thursday, March 27, the U.S. government initiated a transfer of bitcoin ( BTC) from its digital reserves, specifically from the confiscated Sae-Heng funds. Arkham Tracks U.S. Government’s $8.46M Bitcoin Move The governmental body responsible for overseeing these cryptocurrency holdings shifted 97.34 BTC on Thursday afternoon, corresponding to block height 889,703. Arkham Intelligence, a blockchain […] Original

GameStop wipes out $3B in market cap as stockholders question Bitcoin plan

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GameStop shed nearly $3 billion in market capitalization on March 27 as investors second-guessed the videogame retailer’s plans to stockpile Bitcoin (BTC), according to data from Google Finance.  On March 26, GameStop tipped plans to use proceeds from a $1.3 billion convertible debt offering to buy Bitcoin — an increasingly popular strategy for public companies looking to boost share performance.  GameStop’s announcement came a day after it proposed building a stockpile of cryptocurrencies, including Bitcoin and US dollar-pegged stablecoins.  Investors initially celebrated the news, sending shares up 12% on March…

Why is GameStop (GME) Share Price Is Falling After Bitcoin (BTC) Plans?

Shares of GameStop (GME), the embattled video game retailer turned memestock darling, plunged 25% on Thursday, more than erasing all the gains since the company earlier this week announced it will add bitcoin (BTC) as a treasury reserve asset. GME fell to just above $21 during the session, trading at its lowest price since October and down over 28% from its Wednesday peak of nearly $30. The price action happened after the company unveiled plans late Wednesday for a $1.3 billion, 0% convertible note offering to raise money for its…

Dogecoin Set For 10x Surge? Elon Musk’s X Post Sparks Hype

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Dogecoin’s price is showing signs of a potential big jump, according to recent market analysis. The cryptocurrency, known for its Shiba Inu dog mascot, saw a 14% increase in…

3 reasons why Bitcoin price can’t take out the $90K resistance level

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Since reaching a weekly high of $88,752 on March 24, Bitcoin (BTC) price has formed a series of lower highs and lower lows in the 1-hour time frame chart. As the end of the week approaches, Bitcoin price has failed to break above the $88,000 resistance, reducing the chance for a $90,000 retest before the end of Q1. Bitcoin 1-hour chart. Source: Cointelegraph/TradingView What is keeping Bitcoin under $90K? One major reason for Bitcoin’s current price struggles is constant sell-side pressure from short-term holders (STHs) or investors holding coins for…