Bitcoin’s recent rally could be running out of steam as the asset fails to hold above $108,000, according to analyst Willy Woo. A period of consolidation could be looming if buying pressure doesn’t increase.
Tag: Bitcoin Adoption
NYC Mayor Eric Adams Champions Bitcoin Bond, Seeks End to BitLicense
New York City Mayor Eric Adams announced his support for launching a Bitcoin bond in NYC and reiterated his call to eliminate the state’s BitLicense program, signaling a bold move towards crypto adoption.
Metaplanet Doubles Down: $21M Bond Issue Fuels Further Bitcoin Acquisition
Just a day after securing $50 million, Metaplanet issues another $21 million in bonds to ramp up its Bitcoin accumulation, signaling strong commitment and potentially influencing corporate crypto strategies.
Arkham Intelligence Claims to Unmask 87% of MicroStrategy’s Bitcoin Holdings: Impact and Analysis
Blockchain analytics firm Arkham Intelligence claims to have identified previously undisclosed Bitcoin wallets belonging to MicroStrategy, potentially revealing billions in Bitcoin holdings despite Saylor’s commitment to privacy. Here’s a breakdown of the news and its potential market impact.
Russia Greenlights Crypto Products for Accredited Investors: A Step Towards Wider Adoption?
The Bank of Russia is now allowing financial institutions to offer specific crypto-based financial instruments to accredited investors, signaling a potential shift in its approach to digital assets.