Bitcoin News

Bitcoin’s Correlation to Meme Stocks Reaches Highest Level Since 2020
CoinDesk Markets Analyst Damanick Dantes discusses bitcoin’s strong correlation with meme stocks at its highest level since 2020, and what it reveals about the crypto markets. Plus, his bitcoin price outlook as the Luna Foundation Guard purchased over $270 million in BTC this week for its UST stablecoin reserves.

Bitcoin Holds Steady as Luna Foundation Guard Purchases Over $270M BTC This Week
Bitcoin’s price has stabilized as Luna Foundation Guard (LFG) resumed its BTC buying spree. This week, the nonprofit organization focused on UST acquired nearly 5,800 BTC worth over $270 million. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Bitcoin Flirts With 9-Day Winning Streak, Nears $48K
Bitcoin price stays flat after a few jumps in the past week.

Market Wrap: Crypto Sentiment Improves, Though Risk Remains as Russia Plays Down Peace Talks
Bitcoin's Fear & Greed Index is at its highest level since November. Altcoins outperform.

Galaxy’s Novogratz and Bakkt’s Michael Differ on Bitcoin’s Case as Digital Gold
Each spoke separately Wednesday during the Barclays Crypto and Blockchain Summit.

EU's MiCA Bill to Enter Next Phase of Negotiations on Thursday
The landmark Markets in Crypto Assets legislative framework will now be discussed between the European Parliament, Council and Commission.

Bitcoin Holding Support Above $46K; Resistance at $48K-$51K
BTC buyers could remain active over the short-term.

Crypto Markets React to $600M Axie Infinity Exploit
Charlotte Principato, Morning Consult financial services analyst, discusses the current state of the crypto markets following the $625 million exploit of Axie Infinity’s Ronin network. Plus, a conversation on the market impact of Luna Foundation Guard’s purchase of $272 million worth of bitcoin for its stablecoin reserves.

ECB Official Calls for ‘Less Tolerant’ Approach to Bitcoin ‘Gambling’
Fabio Panetta's remarks come as EU lawmakers consider measures to end anonymous crypto transactions and cut off unregulated exchanges.

