Category: Bitcoin News

AI startup Genius Group picks Bitcoin as main treasury asset

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Bitcoin as an institutional reserve asset gained more traction as a Singapore-based AI company took a page from MicroStrategy’s book. Per a press statement, publicly-traded artificial intelligence firm Genius Group will onboard Bitcoin (BTC) as its main treasury holding and immediately purchase $120 million worth of the world’s leading cryptocurrency. Genius Group also said it would hold 90% of its current and future treasury value in Bitcoin, adding to its initial 1,380 token buy plan disclosed on Nov. 12. The startup’s GNS shares surged 50% during pre-market trading, according to…

Bitcoin frenzy spun $1b volume in 25 minutes for BlackRock’s ETF

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Bitcoin’s multi-day surge to consecutive new highs has caught Wall Street’s attention, with billions flowing into crypto ETFs since the beginning of November and the U.S. elections. Bitcoin (BTC) investors traded $1 billion of BlackRock’s IBIT fund within the first 25 minutes of U.S. market trading, continuing a BTC-led trend that has incentivized retail and institutional capital deployment. Initial volumes on Tuesday, Nov. 12, followed staggering figures from Monday, Nov. 11, as Bitcoin recorded its largest single-day and weekly gains in its 15-year history. Inflows to U.S. spot BTC exchange-traded…

AI Firm Genius Group Adopts Bitcoin as Primary Treasury Asset; Shares Spike 50%

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“We see Bitcoin as being the primary store of value that will power these exponential technologies,” Thomas Power, a director of Genius Group, said in the statement. “The compelling case that we believe Michael Saylor and Microstrategy have made for public companies to invest in Bitcoin as their primary treasury reserve asset is one that we fully endorse.” Original

Bitcoin Hits Record High, but the Rainbow Chart Hints at Even Wilder Rides Ahead

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While bitcoin recently hit a record-breaking $89,983, the widely followed rainbow chart—known for illustrating bitcoin’s long-term price movements and market sentiment on a logarithmic scale—sits surprisingly low compared to previous bull run peaks. The Popular Bitcoin Rainbow Chart Teases Six-Figure Future Bitcoin has been on a wild ride over the past month, with prices suggesting […] Original

Bitcoin Market Update: BTC Eyes $90,000 With Strong Support at $84,000

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Bitcoin is holding strong near its recent highs, yet faces critical resistance at the psychological $90,000 range, signaling potential consolidation or a correction as sellers enter the market. Bitcoin On the daily chart, bitcoin’s bullish momentum is evident, with prices soaring from approximately $60,000 to a peak near $90,000. This substantial gain shows continued demand; […] Original

Bitcoin Flirts With $90K in Volatile Trading Session

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Bitcoin came within touching distance of $90,000 in volatile trading during the European morning, swinging between highs well above $89,000 before falling below $86,000 as it encountered resistance on its path to another milestone. It was recently trading around $87,400. The surge in the last 24 hours has seen nearly $900 million of liquidations in crypto-tracked futures, equally distributed between bullish and bearish bets at almost $450 million apiece, according to Coinglass data. Notwithstanding the price swings, bitcoin is around 6% higher over 24 hours, outperforming the wider crypto market,…