Bitcoin (BTC) – Page 335

BITCOIN Act Revived to Bolster Federal Digital Asset Reserves, Address National Debt

March 11, 2025 by DIGIT

Sen. Cynthia Lummis (R-Wyo.) reintroduced legislation Tuesday to establish a U.S. Strategic Bitcoin Reserve, aiming to transform former President Donald Trump’s executive order into federal law. Sen. Lummis Reintroduces Bill to Codify Trump’s Strategic Bitcoin Reserve Plan The bill, dubbed the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act” (BITCOIN Act), proposes acquiring … Read more

Bitcoin Languishes Above $80K After Slumping to 4-Month Low Overnight

March 11, 2025 by DIGIT

The cryptocurrency dipped below $77,000 overnight before making a modest recovery to $80K in the morning. Bearish Pressure Continues: Bitcoin Lingers Above $80K After Overnight Slump Bitcoin tumbled all the way to $76,624.25 late last night, a 4-month low, before later recovering. The entire cryptocurrency market has lost more than a $1 trillion in value … Read more

Bitcoin Mining Costs Expose Deep Divides as Price Trades Below $82K

March 11, 2025 by DIGIT

As bitcoin trades at $81,626—just shy of the $82,000 mark—disparities in mining costs among leading public firms expose striking operational differences, with some companies extracting bitcoin at a fraction of the network’s estimated average. Mining Bitcoin for Profit? It Depends on Who’s Paying the Power Bill On March 11, 2025, bitcoin’s spot price settled at … Read more

Latam Insights Encore: Bukele’s Gambit or How (Not) to Conduct a Bitcoin Revolution

March 11, 2025 by DIGIT

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines President Nayib Bukele’s behavior regarding the commitments El Salvador has made under the IMF deal, choosing to remain vague rather than explaining how bitcoin fits into this new national reality. Latam … Read more

Fold Adds 475 Bitcoin, Joins Top 10 U.S. Public Companies by BTC Holdings

March 11, 2025 by DIGIT

Bitcoin financial services firm Fold Holdings has added 475 BTC to its treasury, bringing total holdings to over 1,485 BTC. This move solidifies its position among the top 10 U.S. public companies with the largest bitcoin reserves. Fold Expands Bitcoin Treasury to 1,485 BTC Fold Holdings, the first publicly traded bitcoin-native financial services company, has … Read more

Ark Invest’s Cathie Wood Calls Bitcoin a ‘New Bretton Woods’ Amid Global Currency Uncertainty

March 11, 2025 by DIGIT

Cathie Wood, CEO of ARK Invest, argues financial markets are underestimating the conclusion of a multiyear “rolling recession,” positing that fiscal reforms and technological innovation may spark a deflationary economic surge in late 2025. Cathie Wood Predicts Deflationary Boom Amid Rolling Recession’s Final Phase Cathie Wood highlighted the Federal Reserve Bank of Atlanta’s GDP indicator, … Read more

Bitcoin’s Drop Resembles 2017 Crash—Crypto Executive Predicts Strong Rebound

March 11, 2025 by DIGIT

Bitcoin’s latest drop “looks, smells and feels 100% just like 2017,” a crypto executive says, citing rising liquidity, policy shifts and economic turmoil. Bitcoin’s 11th Major Correction in a Decade: Crypto Executive Says ‘Buckle Up’ Bill Barhydt, CEO of crypto firm Abra, dismissed concerns over bitcoin’s recent downturn, pointing out that such corrections have happened … Read more

Bitcoin Hits $76K as Trump’s Economic Agenda Shakes Markets

March 11, 2025 by DIGIT

Bitcoin (BTC) experienced a volatile trading day on March 10, 2025, hitting a low of $76,600 before recovering slightly. Bitcoin Down 30% From Highs—Is This a Setup for the Next Rally? This marks a continuation of its recent downward trend, as the leading cryptocurrency has been undergoing a 30% correction from its all-time high of … Read more

US Bitcoin Reserves Could Spark Global Adoption, Says Skybridge Capital Founder

March 11, 2025 by DIGIT

Anthony Scaramucci, founder and managing partner of Skybridge Capital, reaffirmed his belief in bitcoin as a valuable long-term strategic asset during an interview on CNBC. Skybridge’s Scaramucci: U.S. Must Embrace Bitcoin to Stay Competitive Speaking about the evolving role of digital assets, Anthony Scaramucci was pleased that the U.S. government will allow bitcoin as part … Read more

5 Factors Behind Wall Street’s and Crypto’s Trillion-Dollar Market Meltdown

March 10, 2025 by DIGIT

On March 10, 2025, cryptocurrency and U.S. stock markets faced steep declines, with U.S. equities wiping over $1.75 trillion from Wall Street amid policy uncertainty, investor outflows, and external shocks. Billions have also exited the crypto economy. Global Markets Plunge: Trump Tariffs, Crypto Reserve Disappointment Drive Losses Wall Street’s screens flashed red Monday as U.S. … Read more