Category: Bitcoin News

IREN favors AI cloud in high-stakes break from Bitcoin roots

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IREN Ltd., once known for mining Bitcoin, is undergoing a dramatic reinvention as an AI infrastructure provider—a transformation that will face a critical test when the company reports second-quarter earnings on Thursday. Summary IREN has pivoted from Bitcoin mining to AI cloud infrastructure, repurposing its energy sites into data centers and securing a $9.7 billion partnership with Microsoft to support next-generation compute. Shares have sold off sharply ahead of Q2 earnings as investors focus on dilution risk. The upcoming earnings report has investors concerned over whether funding roughly 140,000 GPUs…

Bitcoin, altcoins slump as Fear and Greed Index hits 14

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Crypto wasn’t spared from the tech risk-off mood. Bitcoin slid 2.5% to around $73,000 — its lowest level since early November 2024 — officially giving back the entire post-Trump election rally, no receipt required. Strategy Inc. sank 8% to its weakest level since September, while Solana (SOL) and Ethereum (ETH) joined the selloff, falling about 7% and 5%, respectively. Summary The crypto market crash continued falling on Wednesday, with Bitcoin moving below $75,000. This crash coincided with the stock market sell-off. Most geopolitical analysts believe that Donald Trump will attack…

Bitcoin Rebounds Above $75K After Shutdown Relief, But New Risks Loom

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Bitcoin rebounded from recent lows after U.S. lawmakers ended the government shutdown, but lingering fiscal deadlines and cautious derivatives positioning suggest crypto markets remain on edge. Crypto Volatility Persists Despite U.S. Shutdown Resolution Crypto markets remain unsettled as short-term political relief gives way to fresh sources of uncertainty. Bitcoin briefly fell to around $72,800, its […] Original

Bitcoin price faces bearish breakdown: $54k the next test?

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Bitcoin price has deteriorated over recent weeks, with repeated bearish daily closes below key support increasing downside risk toward $54,860. Summary Bitcoin is trading below the $78,000–$78,289 support on daily closes Downside risk increases toward $54,860, high-timeframe support 0.618 Fibonacci confluence may allow a potential market low to form Bitcoin (BTC) price has entered a vulnerable phase after failing to hold several critical technical levels that previously supported price action. Over the past few weeks, the market has shifted from consolidation into sustained weakness, with sellers gaining control across multiple…

Ark Invest snaps up crypto stocks as Bitcoin dips below key averages

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Ark Invest bought Coinbase, Block, Bullish, Circle and Bitmine as Bitcoin and Ether traded below key moving averages, with sentiment weak but long‑term theses intact. Summary Ark Invest accumulated shares of Bitmine, crypto exchange Bullish, Circle, Block Inc. and Coinbase as their prices slid with the broader digital asset market.​ The buying coincided with Bitcoin and Ether trading below their 200‑day moving averages and long‑term trend lines, while sentiment gauges flashed heightened caution. Bitwise CIO Matt Hougan described an extended bear phase since early 2025, while Cathie Wood highlighted gold’s…

Tether Open‑Sources MOS, Mining OS, and Mining SDK to Democratize Bitcoin Mining

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Tether open‑sources Mining OS and a Mining SDK to provide scalable, production‑ready tools for bitcoin mining operations. Tether announced on February 2, 2026 at the Plan ₿ Forum in San Salvador the open‑source release of Mining OS (MOS), an operating system that centralizes monitoring and automation across mining hardware, energy, and site infrastructure, and introduced […] Original

Saylor defends Bitcoin volatility as long-term feature

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MicroStrategy’s Michael Saylor frames Bitcoin’s sharp drawdowns as “Satoshi’s gift,” arguing volatility rewards long-term holders, not short-term traders. Summary Saylor says Bitcoin volatility is “Satoshi’s gift to the faithful,” casting sharp price swings as a feature that rewards long-term conviction over trading.​ He reiterates his “Rules of Bitcoin” — “Buy Bitcoin. Don’t sell the Bitcoin.” — stressing that drawdowns are structural, not a sign of market failure.​ With MicroStrategy holding large BTC reserves through multiple cycles, his comments echo narratives that typically resurface  MicroStrategy co-founder Michael Saylor addressed Bitcoin’s (BTC)…