Category: Bitcoin News

Bhutan moves $72M in Bitcoin as sovereign holdings continue to decline

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Bhutan has transferred roughly $72.3 million in Bitcoin over the past 24 hours, continuing a steady pattern of trimming its sovereign holdings. Summary Bhutan transferred roughly $72.3 million in Bitcoin over 24 hours, with Druk Holding and Investments moving more than 973 BTC across multiple transactions. Holdings have declined to over 4,400 BTC from a peak of 13,295 BTC in October 2024, as the country continues periodic sales from its sovereign reserve. According to Arkham Intelligence data, Druk Holding and Investments, which manages the country’s crypto mining and treasury operations,…

Bitcoin price drops to $70k as hot PPI data and Powell speech cast doubts over rate cuts

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Bitcoin price erased all of its gains from this week as it crashed to a critical support level amid hotter-than-expected PPI data and Jerome Powell’s Federal Reserve speech that cast a shadow over any interest rate cuts for this year. Summary Bitcoin fell over 5% to test the $70,000 support after hotter-than-expected U.S. PPI data and Powell’s hawkish remarks weakened rate cut expectations. Broader crypto markets declined, with total market cap dropping 3.8% to $2.51 trillion, while $455 million in liquidations amplified downside pressure. Technical indicators signal a potential rebound,…

AI Data Centers Outpay Bitcoin Mining, Triggering Major Industry Shift

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Bitcoin miners are ditching hashpower for hyperscale as multibillion-dollar artificial intelligence (AI) contracts outpay mining by a wide margin, forcing a rethink of the industry that secures the world’s largest cryptocurrency. Bitcoin Mining Economics Struggle as AI Offers Higher Returns Per Megawatt What started as a side hustle has turned into a full-blown identity crisis […] Original

From $76K to $71K: Is Bitcoin Losing Its ‘Safe Haven’ Status to Macro Reality?

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Bitcoin temporarily dropped below $71,000 after the U.S. Bureau of Labor Statistics reported higher-than-expected wholesale inflation, causing significant market turbulence. Macro Pressures: PPI vs. Geopolitics Bitcoin momentarily slipped below the $71,000 threshold on Wednesday after the U.S. Bureau of Labor Statistics (BLS) released data showing wholesale inflation came in significantly hotter than expected across all […] Original

Gemini stock’s 3% slide flags decoupling from Bitcoin and crypto rally

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Gemini’s GEMI stock is down about 3% over 24 hours and trading below $6 even as Bitcoin, Ethereum and Coinbase rebound, signaling growing decoupling from the crypto rally. Summary GEMI opened near $5.95, about 3% below its 24‑hour level and near the bottom of today’s $5.92–$6.98 range, a pattern that suggests distribution rather than fresh accumulation.​ After a 2025 IPO at $28 and a first‑day pop to ~$37, the stock has traced a classic post‑hype round‑trip as exploding losses, heavy spend and thin liquidity leave late‑cycle retail deep underwater.​ Bitcoin…

Bitcoin Breaks Lower Range as Pressure Builds Beneath $71K

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Bitcoin traded below $71,000 on March 18, 2026, after dropping to an intraday low of $70,767 just before 11 a.m. EST, within a broader $70,767 to $74,836 range. The move places price directly on a critical support zone, with technical signals increasingly strained across shorter timeframes. Bitcoin Chart Outlook Price action now reflects a deeper […] Original

the trader called Jason who keeps shorting Bitcoin on time

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A pseudonymous whale called Jason has built a 2,281 BTC short on Binance, now in multi‑million profit, extending a pattern of eerily well‑timed macro trades. Summary On-chain sleuths say Jason holds a 2,281 BTC short on Binance at a $74,238 entry, sitting on roughly $4.2 million in unrealized profit with BTC near $72,467.​ The trader’s history includes perfectly timed shorts during prior market crashes and a reported $58.89 million loss, underscoring a high‑conviction, high‑risk strategy. Today’s bet lands as Bitcoin slides on Iran-linked Strait of Hormuz tensions and hotter‑than‑expected U.S.…

Bitcoin ETFs 7-Day Streak Sees Inflows Reach $1.16 Billion

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Bitcoin ETFs extended their inflow streak to seven days with a $199 million addition, reinforcing strong institutional demand. Ether, solana, and XRP also posted gains, marking a broadly positive day across crypto ETFs. ETF Momentum Builds as Bitcoin, Ether Lead Fresh Inflows On Tuesday, March 17, the market didn’t just open; it accelerated. Bitcoin ETFs […] Original