Bitcoin Suffers Crash To $65,000 As Spot ETF Inflows Wane

Bitcoin Suffers Crash To $65,000 As Spot ETF Inflows Wane

[ad_1] Bitcoin is closing out the week on a rather bearish note after suffering a massive crash in the early hours of Friday. The crash pushed the price below $66,000, drawing the rest of the crypto market down with it in the process. The reason for this crash could be traced back to what started … Read more

Michael Saylor's MicroStrategy Prices Upsized $525M Debt Offering to Buy More Bitcoin

Michael Saylor's MicroStrategy Prices Upsized $525M Debt Offering to Buy More Bitcoin

[ad_1] The convertible senior notes will have an interest rate of 0.875% per annum compared to 0.625% in a sale of $800 million of similar debt that took place just days ago. The conversion rate of the new notes will be equivalent to $2,327.31 per share, representing a premium of approximately 40% on MSTR’s Thursday … Read more

First Mover Americas: El Salvador Holds More BTC Than Expected

First Mover Americas: El Salvador Holds More BTC Than Expected

[ad_1] Bitcoin-forward Central American nation El Salvador this week moved $400 million of bitcoin (BTC) – “a big chunk” – into a cold wallet, President Nayib Bukele said in a post on X (formerly Twitter). Bukele referred to the new setup as “our first #Bitcoin piggy bank.” El Salvador stored the cold wallet “in a … Read more

Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations

Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations

[ad_1] Data shows that crypto-tracked futures suffered over $800 million losses, the second-largest figure this year. Longs, or bets on higher prices, suffered $660 million in liquidations, likely contributing to the sharp downturn. Liquidation occurs when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial … Read more