• markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin hits $54,500 amid rumors Oracle wants 70,000 BTC

    Unsubstantiated reports say that an announcement from Oracle will come this week and could see it become an instant Bitcoin heavyweight

    Bitcoin climbed to within $4,000 of all-time highs on March 9 as rumors swirled over an imminent buy-in which would rival MicroStrategy. The move was music to the ears of traders, who had been waiting for a decisive attack on both $50,000 for support and a flip of resistance higher up at $52,000 to cement the prospect of the bull run continuing.

  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin taps support at $44,000 after week of losses

    A painful few days for hodlers looks set to culminate in a test of various critical support levels

    Bitcoin has almost completed another rollercoaster week in which it met its second major price correction of 2021. Having hit $58,300 all-time highs, bulls lost steam with a retracement becoming a full-on dive in which Bitcoin lost 20%. Subsequent ranging combined with fresh weakness has taken weekly losses to almost 25%.

  • MicroStrategy $1B BTC buy
    Bitcoin

    MicroStrategy make $1B BTC buy on top of Square, ETF investments

    As Bitcoin crashed, two big corporate buyers doubled down, while investors poured more than a half billion dollars into Canada’s Purpose Bitcoin ETF in just one week

    According to a Feb. 24 announcement, MicroStrategy bought 19,452 BTC for its reserves, worth more than $1 billion. With this addition, the company’s holdings reach a total of 90,531 BTC, or $4.46 billion as of press time. The firm’s CEO, Michael Saylor, said that accumulating Bitcoin is now one of its core objectives.

  • Silvergate capital stock 1000%
    Bitcoin,  Cryptocurrencies

    Crypto Bank Silvergate Capital’s stock up over 1,000%

    The bank, which went public in November 2019 and serves customers like Coinbase and Square, was up 1,300% before a broad tech market downturn yesterday

    Silvergate, one of the first banks to embrace crypto, has been on tear thanks to its decision to accept cryptocurrency customers when no other banks would.