Mt. Gox has conducted a significant transaction, moving 11,502 Bitcoin valued at over $1 billion. This transfer coincided with Bitcoin’s price surge, reaching $87,000, but surprisingly, the Market has shown minimal reactions to such large movements. Of the Bitcoin transferred, approximately $927 million was sent to an unknown wallet. Mt. Gox, once a major cryptocurrency ...
The United States is creating a Strategic Bitcoin Reserve, with President Donald Trump pushing for the country to become the “bitcoin and cryptocurrency capital of the world.” This reserve will be backed by 200,000 bitcoins, valued at around $17 billion, which have been seized in legal cases. Although the announcement aimed to position the U.S. ...
Bitcoin exchange-traded funds experienced substantial outflows of nearly $370 million on March 7, following former President Trump’s announcement of a US strategic Bitcoin reserve. The news failed to meet investor expectations, especially since it did not include direct government purchases of Bitcoin. This disappointed many traders, resulting in a drop of over 2% in Bitcoin’s ...
President Donald Trump has officially signed an executive order to establish a US Bitcoin reserve and a digital asset stockpile, but the reaction from the crypto Market has been negative. Despite the potential for the reserve to reduce the amount of Bitcoin in circulation, analysts suggest that it won’t appreciably boost its value since the ...
In a recent development, President Donald Trump signed an executive order to create a strategic Bitcoin reserve, aimed at enhancing the United States’ position in the cryptocurrency Market. This announcement caused Bitcoin’s price to drop to $84,000, as it clarified that the government will not be buying new bitcoins but will use its existing holdings. ...
Cryptocurrencies took a hit after President Donald Trump established a U.S. strategic bitcoin reserve through an executive order. Bitcoin fell 3%, trading around $87,586 after dropping as low as $84,688. Other cryptocurrencies like Ether and XRP also experienced declines. The reserve will consist of bitcoins seized from past law enforcement actions, with the U.S. government ...
Korea Zinc Co. shares surged again on Friday after a 30% rise on Thursday. The market is eagerly awaiting the results of a stock buyback initiated by Chairman Choi Yun-beom, aimed at countering a $12.5 billion takeover offer.
The cryptocurrency community is buzzing with speculation that XRP, the native token of the Ripple network, could be poised for a significant price surge in the coming week. According to several industry analysts and experts, XRP is forecasted to reach around $0.55, with the potential to even hit the $0.60 mark if the upward momentum ...
