Category: Business News

On January 23, former U.S. President Donald Trump signed an executive order establishing a cryptocurrency working group, marking a significant step toward fulfilling his campaign promise to be a “crypto president.” This initiative aims to create a comprehensive federal framework for cryptocurrency regulation and lays the groundwork for a potential “Bitcoin reserve,” according to a…

If you’re a Coinbase (COIN) user, you now have a new way to leverage your bitcoin (BTCUSD) holdings—as collateral for a loan. The cryptocurrency exchange has unveiled a service that lets users borrow funds in stablecoin USD Coin (USDC) by pledging their bitcoin holdings. “You can also convert USDC to USD 1:1 for free to…

Bitcoin (BTC) may face a significant downside, with prices potentially dropping to $73,000 if it breaks below its critical support level at $90,680, according to Kim Kramer Larsson, an analyst at Saxo Bank. Over the past five days, Bitcoin has declined by 3.9%, though it saw a 2.6% recovery on Friday, trading around $94,061, as…

The new year began with intensified outflows from Bitcoin ETFs, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest-ever single-day withdrawal of $332.6 million on the first trading session of 2025. This data, provided by U.K.-based asset manager Farside Investors, highlights a significant shift in market sentiment. The $332.6 million outflow surpassed IBIT’s previous record…

Christmas Day delivered an exciting, albeit short-lived, gift to cryptocurrency enthusiasts as Bitcoin briefly surged above $99,000. However, the joy was fleeting, and by Friday, Bitcoin had tumbled below $94,000, marking a sharp 14% drop from its all-time high of $108,000 reached on December 17. This abrupt fluctuation has reignited debate about whether this is…