Key points: Bitcoin turned down from its overhead resistance but is expected to find support at the moving averages. Select major altcoins are facing selling near their overhead resistance levels, but the shallow pullback suggests the recovery may continue. Bitcoin (BTC) is under pressure as bears attempt to sustain the price below $91,500. BTC exchange-traded…
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Riot Platforms sold 1,818 Bitcoin in December for $161.6 million at an average net price of $88,870, as part of a strategy shift from Bitcoin mining to monetizing its power and data center infrastructure, including support for artificial intelligence workloads, the company said Tuesday. As of Dec. 31, the company held 18,005 Bitcoin (BTC), including…
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China’s shifting definition of a store of value For many years, luxury real estate occupied a central role in wealth preservation in China. Premium apartments in cities such as Shenzhen and Shanghai served not only as residences but also as symbols of family wealth, social standing and financial security. Property ownership carried cultural significance, regulatory…
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Bitcoin (BTC) faces a new “battle” for control before bulls trigger the next round of BTC price gains, but the long-term outlook is grim. Key points: Bitcoin short-term and long-term perspectives contrast as bears stay in control on high timeframes. A golden cross on the day chart does not cancel out short signals for the…
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Bitcoin (BTC) fell 2.30% on Wednesday, hitting an intraday low near $91,550. BTC/USDT daily price chart. Source: TradingView The decline came despite bullish signals, including a whale-linked $280 million BTC accumulation move and MSCI’s decision to keep crypto treasury companies in its benchmark indexes. Source: X MSCI limits passive demand for Strategy’s shares In the…
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Caroline Crenshaw has left the US Securities and Exchange Commission (SEC), leaving the agency solely comprising Republicans. As a result, nothing stands in the way of pro-crypto rulemaking. Republicans in Washington have generally been friendlier toward the crypto industry than their Democratic counterparts. The SEC made a 180-degree turn last year, after President Donald Trump…
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Opinion by: Marcos Viriato, co-founder and CEO of Parfin Blockchain was born to decentralize power and create systems that operate on transparency, not control. Yet today, the technology is being adopted by the institutions it sought to disrupt. Governments and corporations are integrating blockchain into their existing frameworks. This turns a tool built for autonomy…
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RAKBank is preparing to join the United Arab Emirates’ (UAE’s) fast-evolving stablecoin ecosystem after receiving in-principle approval on Wednesday from the Central Bank of the United Arab Emirates (CBUAE) to issue a UAE dirham-backed payment token. In-principle approval means the CBUAE has agreed to RAKBank’s stablecoin plans subject to final regulatory and operational conditions, and…
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US President Donald Trump told Republicans on Tuesday he could be impeached if the party loses the US midterm elections this year. “You got to win the midterms, because if we don’t win the midterms, it’s just going to be — I mean — they’ll find a reason to impeach me,” Trump said in a…
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Gold and silver briefly reclaimed their spot as the two biggest assets by market capitalization as the new year rolled in with uncertainty. According to data from analytics platform CompaniesMarketCap, gold currently has a market cap of $31.1 trillion, sitting at the top spot. Silver, which has been trading places with Nvidia for second place…
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