Bitcoin News Today: Michael Saylor Says “Sell a Kidney If You Must, But Keep The Bitcoin”
Saylor has a history of encouraging extreme measures for Bitcoin investment, including mortgaging homes and maxing out credit cards.
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Saylor has a history of encouraging extreme measures for Bitcoin investment, including mortgaging homes and maxing out credit cards.
Bitcoin marks a dip to $78k as the crypto market witnesses a $500B decline this week. Furthermore, the rising outflows in the Bitcoin ETFs and historical trends warn steeper corrections before a potential bounce back.
Kendrick anticipates Bitcoin reaching $200,000 by late 2025, emphasizing that institutional participation from major financial entities like Standard Chartered and BlackRock will be pivotal in that trajectory.
CryptoQuant CEO Ki Young Ju believes a Bitcoin price drop below $77,000 is unlikely, citing on-chain indicators fluctuating at the bull-bear boundary.
BlackRock’s spot Bitcoin ETF fund IBIT has recorded its largest single-day outflow of $418.1 million amid broader crypto market volatility, though it maintains dominance in the US market.
As the altcoin market cap and Bitcoin collapsed in the past few days, a trader is facing liquidations worth $25 million.
Metaplanet Inc. advances its Bitcoin strategy with a 2 billion JPY bond issuance to expand its holdings, demonstrating ongoing commitment despite a 20% drop in share price amid crypto market volatility.
The crypto market crash has witnessed a pullback of 10% this week. Amid this pullback, the retail sentiment to buy-the-dip fails to find a bullish turnaround. While the intraday recovery provides some relief, analysts advise “brace for impact.”
Recently Nasdaq-listed Fold Holdings has bolstered its Bitcoin reserves with a strategic 10 BTC acquisition, positioning itself among the top 15 corporate Bitcoin holders in the United States.
Block Inc is in settlement talks with NYDFS over compliance violations relating to its Bitcoin program.
Analysts have highlighted a Bitcoin top-formation pattern similar to 2021, suggesting the possibility of an additional 10-20% correction from current levels.
“The recent dip stems largely from the Fed’s cautious approach to rate cuts,” Teng said.
Pennsylvania is driving new awareness against Bitcoin ATM scams in a new caution to the community.
Scammers are getting smarter with better technology, tricking people—especially older individuals—into putting their money in Bitcoin ATMs under false promises.
Bitcoin Depot has strengthened its Bitcoin reserves with an 11.1 BTC acquisition, continuing its treasury strategy that began in June 2024 as the company views Bitcoin as a hedge against financial instability.