Category: Bitcoin News

Bitcoin slips below $71k as Powell and Iran oil shock hit crypto

boss

Bitcoin sinks below $71k as Powell’s hawkish tone and Iran’s oil shock trigger a $542M liquidation wave across leveraged crypto markets. Summary Bitcoin drops to about $71,313, Ethereum to $2,201, as crypto and stocks sell off on Fed projections and oil shock fears. Powell flags oil-driven inflation, keeps just one 2026 rate cut in the dot plot, crushing hopes for easier policy and triggering a risk-off move. Over $542M in mostly long liquidations and Brent above $110 show how leveraged crypto positioning collides with Iran-driven energy turmoil. Crypto markets extended…

Hands-on Review by Bitcoin.com – Digging Into Vultisig’s World

boss

Hands-on Review by Bitcoin.com. Vultisig is a seedless, multi-device crypto vault built around Threshold Signature Scheme (TSS) technology. Instead of generating a traditional seed phrase, the wallet distributes signing authority across multiple devices, requiring a defined threshold to authorize transactions. To evaluate how this model performs in real-world conditions, we installed Vultisig across multiple devices […] Original

Morgan Stanley advances Bitcoin ETF plans with amended S-1

boss

Banking giant Morgan Stanley has submitted an amended Bitcoin ETF filing with the U.S. Securities and Exchange Commission. Summary Morgan Stanley has amended its Bitcoin ETF filing, confirming ticker MSBT on NYSE Arca and outlining a $1 million seed structure through 50,000 shares. The filing finalizes Coinbase Custody and BNY Mellon as custodians but leaves management fee and expense details undisclosed. According to the updated S-1 filing on Wednesday, the firm has confirmed the ticker MSBT on NYSE Arca. Further, the filing notes that the trust will acquire initial Bitcoin…

OG Bitcoin whale offloads 1,000 BTC as selling pressure intensifies

boss

A long-dormant Bitcoin whale wallet has offloaded 1,000 BTC on Wednesday. Summary Long dormant Bitcoin whale offloads 1,000 BTC, extending total transfers to 3,500 BTC since November 2024 with roughly $330 million in realised profit. Additional selling from early investor Owen Gunden and Bhutan-linked wallets points to a pattern of distribution from large holders into the market. On-chain data tracked by analytics provider EmberCN showed that the wallet “bc1q…6ym” has transferred a total of 3,500 BTC since November 2024. The whale began accumulating around 13 years ago and reportedly bought…

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

boss

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

boss

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

boss

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?

boss

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