Tag: Bitcoin

MicroStrategy adds Bitcoin for 8th consecutive week

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MicroStrategy, the software maker turned Bitcoin development company, increased its total holding to 446,400 BTC. Executive chairman Michael Saylor teased MicroStrategy’s Bitcoin (BTC) purchase as usual via a Dec. 29 post on X. The firm’s securities disclosure filings confirmed it bought 2,138 BTC for $209 million last week. This marks MicroStrategy’s eighth consecutive weekly Bitcoin purchase, bringing its average acquisition price to $62,428 per BTC. Since initiating its Bitcoin strategy in 2020, the company has spent over $27.9 billion on its BTC holdings. MicroStrategy has acquired 2,138 BTC for ~$209…

Hong Kong lawmaker wants to add Bitcoin to national reserves to boost financial security

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Hong Kong legislator Wu Jiexhuang suggested the region should start adding Bitcoin to its national reserves as a way to boost financial security. According to the local newspaper Wen Wei Po, Wu said Hong Kong regulators should study the impact of U.S-issued Bitcoin exchange-traded funds on the market as a starting point before they decide to add Bitcoin to the national reserve. He argued that Hong Kong authorities could take advantage of of China’s “one country, two systems” policy to include Bitcoin (BTC) in its national reserve for financial security.…

U.S. Debt Ceiling Looms in Signal for Bottom in Bitcoin (BTC) Price Cycle

The U.S. is likely to hit the maximum it’s legally allowed to borrow at some point between Jan. 14 and Jan. 23, Treasury Secretary Janet Yellen said in a Friday letter to the speaker of the House of Representatives, Mike Johnson. After that, the Treasury will take “extraordinary measures” to cut borrowing. “I respectfully urge Congress to act to protect the full faith and credit of the United States,” she wrote. In June 2023, Congress suspended the debt limit until Jan. 1, 2025. Risk assets weakened into the market close,…

Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025

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Este artículo también está disponible en español. As the crypto market prepares to close the year, the Ethereum price is showing strength against Bitcoin (BTC) as it aims for a mid-high timeframe reversal. A breakout above a critical resistance level could signal a potential shift in price action, paving the way for Ethereum’s dominance and potential rally in Q1 2025.  Ethereum Price Poised For Breakout Against Bitcoin A crypto analyst, known as ‘Daan Crypto Trades,’ shared a price chart representing the ETH/BTC trading pair, providing a detailed analysis of the probability of a…

Former finance minister urges German central bank to consider Bitcoin as a reserve asset

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Former German Finance Minister Christian Lindner has advocated for including cryptocurrencies like Bitcoin in the European Central Bank and Bundesbank reserves to strengthen financial resilience and keep pace with global trends. According to the German media outlet Handelsblatt, Lindner pointed to the United States, where the incoming Donald Trump-led administration is looking to adopt a progressive approach towards crypto-assets, including discussions about incorporating Bitcoin into the Federal Reserve’s reserves alongside traditional assets like gold. Lindner highlighted that cryptocurrencies now make up a significant share of global wealth growth and warned…

Bitcoin Slides as Dollar Strength Weighs Down Bulls

XRP led crypto losses on the second-last day of this year as a stronger dollar weighed down global currencies and assets including bitcoin, with Asian equity markets sliding lower on Monday. XRP sunk more than 5% in the past 24 hours, with dogecoin (DOGE), Solana’s SOL, ether (ETH) and BNB falling as much as 2%. Overall market capitalization fell 3%, while the broad-based CryptoX 20 (CD20), an index tracking the largest tokens, minus stablecoins, shed 3.5%. US equities declined on Friday and as investors trimmed positions amid uncertainty heading into…

Latam Insights: El Salvador’s Bitcoin Christmas Buying Spree, Argentina’s Tether Freeze

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Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador continues buying bitcoin despite IMF’s requirements, the Argentine justice system orders freezing USDT for the first time, and a Brazilian congresswoman warns about the dangers […] Original

El Salvador Showcases Bitcoin Success in Key Meeting With Chinese Ambassador

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El Salvador’s vice president highlighted bitcoin’s role in economic growth during a meeting with China’s ambassador, emphasizing Chinese cooperation in advancing digital infrastructure projects. El Salvador Spotlights Bitcoin Wealth in Discussions With Chinese Delegation El Salvador’s Vice President Félix Ulloa highlighted the country’s bitcoin success in a meeting with Chinese Ambassador Zhang Yanhui, the Office […] Original