Bitcoin and other leading cryptocurrencies extended their gains on Monday, driven by strong investor sentiment despite looming U.S. tariffs and key economic data releases later this week. As of 7:00 AM WAT, Bitcoin climbed 3.2% to $86,590, while Ethereum followed suit with a 2.3% gain, trading at $2,047. The global cryptocurrency market capitalization surged by…
The Swiss National Bank (SNB) remains firm in its decision to exclude Bitcoin and other digital assets from its foreign exchange reserves, according to Governor Martin Schlegel. Speaking to Bloomberg, Schlegel cited Bitcoin’s extreme volatility, instability, and regulatory challenges as key reasons for the SNB’s stance, emphasizing that such assets do not align with the…
The U.S. government is now one of the largest holders of Bitcoin, with a staggering 195,234 BTC in its possession—valued at over $16 billion, according to a recent report from Nansen. In addition to Bitcoin, the government’s crypto portfolio includes approximately $4.6 million worth of Ethereum (ETH), various stablecoins such as USDC, and yield-generating assets…
Bitcoin’s market outlook is showing signs of improvement as stablecoin liquidity surges, with Tether (USDT) leading the charge. Over the past 60 days, USDT’s market capitalization has expanded by $5.75 billion, significantly surpassing its 60-day simple moving average of $3.46 billion, according to a March 13 post by CryptoQuant on X. The broader stablecoin market…
Bitcoin and other major cryptocurrencies experienced a significant downturn on Tuesday as concerns over the U.S. economy and escalating trade tensions rattled investor confidence. The global crypto market saw a steep decline, with Bitcoin dropping 3.2% to $79,937, after hitting a low of $76,624. Ethereum also took a substantial hit, falling 7.5% to $1,911—marking its…
Bitcoin’s price tumbled to $82,267 late Sunday night, marking a 5% decline over the past 24 hours, according to market data obtained on Monday. This downturn reflects the broader instability in the cryptocurrency market, which saw a collective 5% drop, reducing its total valuation to approximately $2.77 trillion. The slump wasn’t limited to Bitcoin alone….
Bitcoin took a sharp hit on Friday, falling nearly 5% after U.S. President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve. The flagship cryptocurrency dropped 4.63% to $87,925, with other major digital assets—including Ethereum, XRP, Cardano, and Solana—also experiencing declines of up to 5%. The executive order introduces two key initiatives: a…
Bitcoin has shattered the $90,000 milestone, fueled by renewed investor optimism following President Donald Trump’s decision to postpone the implementation of 25% tariffs on Canadian and Mexican auto imports. This move, which grants U.S. automakers a one-month reprieve, has eased concerns over potential economic disruptions from escalating trade tensions, Reuters. The decision, announced by White…
The UK government has introduced the Crime and Policing Bill, a significant piece of legislation designed to enhance law enforcement’s ability to recover proceeds from cryptocurrency-related crimes. This new bill expands existing legal frameworks, providing clearer guidelines for valuing, seizing, and managing digital assets obtained through illicit activities. One of the bill’s primary objectives is…
Bitcoin (BTC), the world’s most dominant cryptocurrency, has experienced a sharp decline, falling below $91,000 as of February 25, 2025. The drop follows reports of U.S. President Donald Trump imposing new tariffs on Mexico and Canada, triggering a wave of sell-offs in the crypto market. This is the second time Bitcoin has reacted significantly to…
