Category: Bitcoin News

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

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

boss

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

boss

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