Category: Bitcoin News

NFT marketplace Magic Eden exits Bitcoin and EVM trading

boss

Magic Eden, the prominent NFT marketplace best known for its deep roots in the Solana blockchain ecosystem, is set to close its Bitcoin and EVM-based trading platforms and discontinue support for its multi-chain wallet. Summary Magic Eden plans to shut down its Bitcoin and EVM NFT marketplaces in early March 2026, ending broader multi-chain support. The platform will continue supporting Solana-based assets, doubling down on its original ecosystem. Users need to withdraw assets from closing markets and the multi-chain wallet before termination dates. Magic Eden refocuses on Solana, winds down…

Bitcoin Slides to $66K Support as Relief Rally Loses Steam

boss

Bitcoin’s rally stalled as the cryptocurrency retreated from over $69,000 to roughly $67,000, triggering over $470 million in liquidations and wiping $40 billion off its market cap. Market Cap Shrinks Amid Liquidations On Feb. 26, bitcoin’s relief rally hit a wall. After effortlessly sweeping past the $69,000 mark, the cryptocurrency struggled to sustain its upward […] Original

Bitcoin price risks correction to $62,000 as volume weakens

boss

Bitcoin price faces growing downside risks after rejecting major resistance near $69,700. Weak bullish volume and loss of key support levels now raise the probability of a corrective move toward $62,000. Summary Rejection at $69,700 0.618 Fibonacci resistance confirms weakness Loss of Point of Control signals bearish short-term structure $62,000 support becomes next key downside target Bitcoin’s (BTC) recent recovery rally appears to be losing momentum after price action encountered strong resistance at a critical technical zone. The market briefly pushed higher but failed to sustain acceptance above a key…

Bitcoin ETFs Soar With $507 Million Inflow in Bullish Surge

boss

Bitcoin exchange-traded funds (ETFs) extended their rally with a $507 million inflow on Wednesday, while ether added $157 million. XRP and solana also saw strong demand, marking a second consecutive all-green session for crypto ETFs. Crypto ETFs Post Second Straight All-Green Day Momentum returned in force. For the second straight session, capital poured into crypto […] Original

Indiana Bitcoin Rights Bill clears legislature, awaits governor’s signature

boss

Indiana lawmakers have passed House Bill 1042, commonly referred to as the Bitcoin Rights Bill, clearing both legislative chambers and sending the measure to Governor Mike Braun for final approval. Summary Indiana’s HB 1042 Bitcoin Rights Bill has passed both legislative chambers and now awaits Governor Mike Braun’s signature. The bill would allow cryptocurrency investment options in public retirement plans and protect individual digital asset access. If signed, the law will take effect July 1, 2026, reflecting growing institutional adoption of Bitcoin. Indiana passes Bitcoin Rights Bill as crypto adoption…

Bitcoin price reclaims $68K amid short liquidations and bullish Nvidia earnings

boss

Bitcoin price rebounded over 7% to $69,487 on Thursday amid a spike in short liquidations and improved risk-on sentiment following a bullish Nvidia earnings report. Summary Bitcoin price approached $70K amid a short squeeze and bullish Nvidia earnings report. Spot Bitcoin ETFs drew in $257 million in inflows on Wednesday.  According to data from crypto.news, Bitcoin (BTC) price shot up to an intraday high of $69,487 on Thursday, Feb. 26, before settling around $68,200 at press time, still holding 4.6% gains over the past 24 hours. The bellwether’s rebound follows…

Is Jane Street holding Bitcoin below $150K? Jeff Park explains the “grey window” in ETFs

boss

As Bitcoin enthusiasts question why the digital asset hasn’t yet hit the $150,000 milestone despite massive ETF inflows, Jeff Park, Head of Alpha Strategies at Bitwise, has provided a sobering look at the plumbing of the financial system. Summary Jeff Park, Head of Alpha Strategies at Bitwise, argues Bitcoin’s failure to hit $150,000 isn’t manipulation but ETF structure. Authorized Participants (APs) can hedge ETF exposure using futures instead of buying spot Bitcoin, weakening the direct link between ETF inflows and price appreciation. The shift to in-kind redemptions and OTC sourcing…

South Korea arrests two suspects in $1.5M Bitcoin evidence theft

boss

South Korean authorities have arrested two suspects in connection with the theft of 22 bitcoins that had been held as evidence by the Gangnam Police Station, officials announced on Wednesday. Summary Two suspects were arrested in South Korea for allegedly stealing 22 bitcoins seized as evidence in a 2021 case. The missing Bitcoin, worth about $1.5 million, was discovered during a nationwide audit of police custody practices triggered by other digital asset losses. Law enforcement plans to implement stronger custody procedures for seized digital assets, including dual custodians and secure…

Bitcoin Goes Sovereign: 23 Nation-States Estimated to Own BTC

boss

A new research report from bitcoin-focused financial services firm River estimates that 23 nation-states now hold bitcoin, signaling a steady shift from fringe asset to sovereign balance sheet contender. River Report: Nearly 2 Dozen Countries Now Hold Bitcoin as Nation-State Adoption Expands River’s latest adoption report paints a clear picture: bitcoin (BTC) is no longer […] Original