The Bitcoin mining hashrate has halted as uncertainty masks months of steady growth.
On-chain data analysis shows that Bitcoin transactions greater than $100K increased from around 6.5K on Monday to about 10K on Friday.
Strategy (formerly MicroStrategy) has priced a $2 billion offering of convertible senior notes, with an option for buyers to purchase an additional $300 million, as part of its aggressive Bitcoin acquisition strategy.
Muneeb Ali, co-founder of Stacks, predicts that over two-thirds of Bitcoin layer-2 projects will fail within three years due to fading excitement and challenging market conditions.
Bitcoin may continue its rally, but it is dependent on the ETF market outlook.
The company has more than doubled its holdings and has now acquired 10% of its 2026 target.
Armstrong admits that while he is not a meme coin trader, he recognizes their cultural significance.
Bitwise Asset Management has donated $250,000 to support Bitcoin and Ethereum development, marking its first contributions under the commitment to reinvest 10% of its ETF profits annually.
As Utah takes the front seat in adopting Bitcoin as a reserve asset, other states, including Florida, Maryland, Pennsylvania, Ohio, and Oklahoma, have also moved to establish Bitcoin reserves.
The US spot Bitcoin ETFs have continued to bleed despite the cash inflows to BlackRock’s IBIT, thus weighing down the bullish sentiment.
Bitcoin price signals bearish trend, dropping below $94k amid market volatility. Meanwhile, Strategy announces $2B note offering to acquire more BTC despite the correction.
Bitcoin is trading below $95,000 as the Coinbase Premium Index turns negative, indicating retail selling pressure despite growing institutional adoption through ETFs.
Business intelligence firm Strategy has temporarily suspended its Bitcoin purchasing program by pausing stock sales between February 10-14, keeping its massive 478,740 BTC treasury unchanged.
The new facility offers 240 megawatts of interconnection capacity and 114 megawatts of wind power, utilizing last-generation ASIC mining hardware.
The Bahamian arm of FTX starts reimbursing smaller creditors today, though the repayment model based on 2022 prices has left some feeling shortchanged amid Bitcoin’s 390% surge.