Bitcoin News

Bitcoin News

Markets

Tech Darling Figma Soars 198% Following IPO; Holds $70M in Bitcoin ETF

The developer of design software previously disclosed ownership of $70 million of Bitwise's BITB, with plans to buy another $30 million in bitcoin.

CoinDesk

Tech

Adam Back's Blockstream Unveils Bitcoin-Powered, Liquid Network-Based Smart Contracts

Co-founded by early Bitcoin contributor Adam Back, Blockstream introduced Simplicity to solve the limitations of Bitcoin as a smart contract venue

Blockstream CEO Adam Back at Consensus Hong Kong in February (CoinDesk/Personae Digital)

Markets

BTC Faces Golden Fibonacci Hurdle at $122K, XRP Holds Support at $3

BTC bulls need to overcome the 161.8% Fib extension, the so-called golden ratio.

XRP prone to profit taking. (shutterstock_248427865)

Markets

Whale Activity Surges as Bitcoin Builds Momentum Toward New Highs

Retail and institutional investors are aggressively accumulating BTC, echoing bullish patterns last seen during the 2024 U.S. election.

Whales. (makabera/Pixabay)

Markets

Strategy's Market Hints at Strongest Downside Risk Since April

Shares of Strategy have fallen over 14% in two weeks, closing below the 50-day simple moving average.

Strategy Executive Chairman Michael Saylor (CoinDesk)

Markets

Bitcoin, XRP, Ether Recoup Overnight Losses as Analysts Point to Growing Threat to Fed Independence

Analysts highlighted concerns over the Fed's independence, with two Trump-appointed officials dissenting in favor of a rate cut on Wednesday.

Major coins recoup overnight losses. (JetalProduções/Pixabay)

Markets

Bitcoin Tumbles Below $116K as Jerome Powell Delivers Hawkish Remarks

The Fed Chair appeared as dug in as ever to his insistence that the central bank stands firmly in blocking the Trump tariffs from igniting inflation.

Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee

Markets

Fed Holds Rates Steady as Expected, but Two Dissent From Decision

Fed Chair Jerome Powell has been under considerable pressure from the White House to ease monetary policy.

Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)

Finance

Twenty One Boosting Bitcoin Holdings; CEO Jack Mallers Sees $150K BTC Incoming

Bitcoin's fixed supply will force higher prices as capital markets ramp up buying, Mallers said in an interview with Bloomberg TV.

Strike CEO Jack Mallers speaks at the Bitcoin 2022 conference in Miami. (Danny Nelson/CoinDesk)

Markets

BTC Tentative, Dollar Index Hits 5-Week High as U.S. GDP Grew 3% in Second Quarter

Market observers express concern over potential risks from crowded USD short positions, which could impact equities and crypto markets.

BTC tentative as dollar index rises. (3D Rendering)