Category: Bitcoin News

Bitcoin, Ethereum, and Solana ETFs flash red as prices stay resilient

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U.S. Bitcoin, Ethereum, and Solana ETFs saw rare same‑day outflows on March 9, but positive weekly flows and steady spot prices point to rotation, not capitulation. Summary Bitcoin, Ethereum, and Solana ETFs all booked one‑day net outflows, signaling a sharp but concentrated de‑risking across major U.S. spot products. Weekly flows remain positive for BTC, ETH, and SOL, suggesting ETF desks are rotating risk within crypto rather than exiting the asset class. Despite red ETF prints, Bitcoin trades in the high‑$60K band, Ethereum near $2,000, and Solana just under $90, underscoring…

Bitcoin price rallies into resistance, bull trap risk grows

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Bitcoin price rallies into channel resistance near $69,150. A rejection here could signal a bull trap and open the door for a rotation toward lower support near $56,000. Summary Key Resistance: Bitcoin testing descending channel resistance near $69,150. Bull Trap Risk: Failure to break higher could confirm a bearish retest. Downside Target: Potential rotation toward $56,000–$58,000 support if rejection occurs. Bitcoin (BTC) price action is currently approaching a critical resistance level that may determine the next major move in the market. After a recent recovery rally, BTC is now testing the upper boundary of a descending…

Bitcoin quietly crosses 20 million mined as scarcity era begins

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Bitcoin has passed 20 million mined coins, hardening its ultra‑scarce supply just as macro volatility, lost BTC, and a shift toward fee‑driven security reshape the network’s next century. Summary Over 20 million BTC are now mined, with fewer than 1 million left over the next century as halvings push issuance toward zero. Lost coins may cut effective circulating supply to roughly 15.8–17.5 million BTC, amplifying scarcity beyond the raw 21 million cap. Despite supply being on rails, BTC, ETH, SOL and XRP still trade like macro‑sensitive risk assets, moving with…

Bitcoin price outlook weakens as oil jumps on Hormuz risks

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Bitcoin price has slipped below $70,000 as oil prices surge more than 60% this year amid rising tensions around the Strait of Hormuz, adding macro pressure to risk assets. Summary Bitcoin trades near $69,984 after falling 3.8% in the past 24 hours, though it remains up about 7.8% over the week. Oil prices have surged more than 60% this year as tensions around the Strait of Hormuz raise concerns about supply disruptions and inflation. Rising short-term volatility suggests the Bitcoin market is entering a repositioning phase that could lead to…

Strategy splashes $1.28B in latest 17,994 Bitcoin purchase

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Strategy disclosed a major Bitcoin purchase in a March 9 filing, adding 17,994 BTC to its balance sheet last week. Summary Strategy purchased 17,994 BTC for $1.28 billion, paying about $70,946 per coin. The company’s total bitcoin holdings now stand at 738,731 BTC. The purchase was funded mainly through $900 million in common stock sales and $377 million in preferred stock issuance. The company’s latest filing revealed that the Bitcoin (BTC) was acquired between March 2 and March 8 for about $1.28 billion, with an average purchase price of $70,946 per coin. Following the purchase, Strategy’s total…

Strategy Buys 17,994 Bitcoin for $1.28B, Expands Corporate BTC Hoard to 738,731

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Strategy is rapidly expanding its bitcoin treasury, deploying nearly $1.3 billion raised through equity sales to accumulate more BTC while tightening its capital markets machinery—deepening one of the most aggressive corporate accumulation strategies in global markets. Strategy Buys 17,994 Bitcoin Between March 2–8 as Treasury Nears 739K BTC Strategy Inc. (Nasdaq: MSTR) reported new activity […] Original