Category: Bitcoin News

South Dakota revives bill to invest state funds in Bitcoin

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South Dakota lawmakers are once again weighing whether Bitcoin should play a role in managing public funds. Summary A new bill would allow South Dakota to invest up to 10% of public funds in Bitcoin The proposal closely mirrors a failed 2025 attempt but adds clearer custody rules The move reflects growing interest among U.S. states in Bitcoin as a reserve asset On Jan. 27, State Representative Logan Manhart reintroduced a bill that would allow South Dakota to invest a portion of its state-managed funds in Bitcoin. The proposal, filed…

Carlson, Schiff debate Bitcoin’s viability as dollar alternative

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Media personality Tucker Carlson and economist Peter Schiff engaged in a debate this week over Bitcoin’s potential to replace the U.S. dollar, touching on issues of inflation, government spending and the future of monetary policy. Summary Schiff characterized a proposal to establish a U.S. strategic Bitcoin reserve as a taxpayer-funded bailout for early adopters. Carlson questioned whether Bitcoin could replace the dollar as fiat currency confidence declines. Bitcoin lacks intrinsic value and non-monetary demand, Schiff argues. Schiff, a longtime cryptocurrency critic and gold advocate, stated during the interview that Bitcoin…

Bitcoin’s $85K Floor: Research Flags 4 Factors That Could Force a Break

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Bitcoin remains locked in a tight 60-day range as pressure builds beneath the surface, with four looming macro catalysts increasing the likelihood that the market soon breaks decisively in one direction. Bitcoin 60-Day Range: Research Outlines 4 Macro Catalysts for a Break Market tension is building as price compression persists. Digital asset market maker Wintermute […] Original

Procap CIO Compares Bitcoin’s Setup to Silver’s Record Trading Frenzy

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Gold and silver have dominated market chatter in recent weeks, but a record-breaking silver trading session has also reignited a broader debate over bitcoin’s stalled momentum and its uneasy relationship with volatility. Jeff Park: Bitcoin Faces a Trader’s Market The discussion was sparked after Eric Balchunas, senior exchange-traded fund (ETF) analyst at Bloomberg, highlighted an […] Original

Bitcoin Stalls at $89K as Consolidation Continues: Will the ‘February Factor’ Break the Deadlock?

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Bitcoin traded sideways on Jan. 27, consolidating near $87,650 after a narrow range between $88,760 and $87,315, leaving its market cap at $1.73 trillion. Analysts are cautiously optimistic about February, historically a strong month for bitcoin, though some warn that shifting cycles. Bitcoin Consolidates Despite ETF Inflows Bitcoin traded sideways on Tuesday, Jan. 27, reaching […] Original

Citrea Mainnet Goes Live, Bringing Bitcoin-Native Lending and Trading Online

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Citrea’s mainnet went live on Tuesday, marking the launch of a new Bitcoin-focused application layer designed to support lending, trading, and settlement linked directly to the Bitcoin network. Citrea Goes Live With Mainnet Focused on Bitcoin Utility The project aims to broaden how Bitcoin is used beyond long-term holding by introducing a programmable environment that […] Original

Bitcoin slips as stocks hit records and gold extends rally

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Bitcoin traded lower on Tuesday even as traditional risk assets rallied, underscoring a growing divergence between crypto and broader markets. The world’s largest cryptocurrency (BTC) slipped 0.6% to $87,700, lagging gains in equities and a renewed surge in gold. Summary Bitcoin slipped 0.6% to $87,700, lagging gains in equities and a renewed surge in gold. As of midday reporting, gold rose 1.4% to $5,080 an ounce, extending a seven-session winning streak. Ethereum is currently trading just above $2,900, down 1.85% for the day. Wall Street regained momentum as upbeat corporate…

Bitcoin price stabilizes as three-drive pattern hints at short-term bounce

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Bitcoin price is stabilizing near channel support, and a developing three-drive pattern hints at a potential relief bounce if a market structure break confirms the setup. Summary Bitcoin remains within a large channel, trading near channel low support. A developing three-drive pattern suggests seller exhaustion and rising demand. A market structure break is required to confirm a short-term relief bounce. Bitcoin’s (BTC) recent price action suggests the market may be approaching an inflection point after an extended corrective phase. While the broader structure remains bearish, BTC is currently trading within…

Bitcoin hashrate slumps 40% in two days as US winter storm hits miners

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A US winter storm knocked Bitcoin hashrate to a 7‑month low as miners powered down to ease grid stress, even as BTC, ETH and SOL prices stayed relatively calm. Summary A powerful US winter storm drove Bitcoin hashrate down about 40% in two days to roughly 663 EH/s, before a rebound toward 854 EH/s.​ Miner Abundant Mines says around 40% of global capacity briefly went offline, underscoring miners’ role as “flexible load” during grid stress.​ Despite the shock, Bitcoin trades near 87,913 dollars, Ethereum around 2,930 dollars and Solana near…