Global #Bitcoin

CoinShares has reported a notable rebound in global crypto investment products, with $436 million in net inflows recorded last week

MicroStrategy, the prominent business intelligence firm, is intensifying its Bitcoin strategy with a significant move: offering $700 million in convertible senior notes.

MicroStrategy, a software company known primarily for its business intelligence solutions, has been making headlines for its aggressive investment strategy in Bitcoin.

Bitcoin has experienced a decline of 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. The broader cryptocurrency market is under pressure as investors prepare for the Federal Reserve’s anticipated first interest rate cut in over four years.

Bitcoin has experienced a notable intraday pullback, dipping 1.15% to trade at $58,450, breaking below the $59,000 mark. This decline marks the third consecutive bearish day for the leading cryptocurrency, with its value down by 3.45% over this period.

In a dramatic turn of events, Bitcoin experienced a significant drop to $58,500 following news of a second assassination attempt on former U.S. President and current presidential candidate, Donald Trump.

In a recent post on X, the analytics firm Santiment has shed light on a crucial Bitcoin metric: "Supply Held by Miners."

Coinbase, a leading cryptocurrency exchange listed on Nasdaq, has introduced a new tokenized version of Bitcoin called cbBTC. This token is now available on both Ethereum and Coinbase's Layer-2 network, Base.

Bitcoin has recently reclaimed the $60,000 mark, signaling a robust recovery in the cryptocurrency’s value. This surge has prompted significant activity among large investors, known as "whales."

Gold prices have reached a new all-time high, surpassing previous records as investors seek safe-haven assets amid global economic uncertainties.

Bitcoin (BTC) has been navigating through significant volatility in recent months. After peaking at a local high of $70,016 in July, Bitcoin has struggled to maintain upward momentum.

In June 2021, President Nayib Bukele’s announcement that El Salvador would adopt Bitcoin as legal tender sent shockwaves through the global financial world. The official implementation of the law on September 7, 2021, marked an unprecedented experiment in digital currency.