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Showing posts with the label btc

Jiuzi $1B Crypto Treasury Backed by BTC, ETH, BNB

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Jiuzi crypto treasury has been officially launched with a $1 billion allocation that was approved by the company’s board of directors. The Chinese firm’s new policy allows investment in Bitcoin, Ethereum, and BNB as part of its crypto reserves strategy. This move actually positions Jiuzi among major corporations that are embracing digital assets for treasury management right now. The Jiuzi Holdings $1 billion crypto asset investment policy announcement – Source: PR Newswire Jiuzi Crypto Treasury Strategy Secures Bitcoin, Ethereum, and BNB Jiuzi Crypto Treasury Strategy – Source: Crypto News Australia Board Endorses Major Crypto Investment Policy Following Dr. Doug Buerger‘s appointment as COO, Jiuzi’s board formally approved the crypto asset investment policy. The Jiuzi crypto treasury initiative authorizes allocation of cash reserves into select cryptocurrencies within what they described as a prudent risk management framework. This strategic move ca...

Bitcoin set for this record target as BTC flashes major bullish signal

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Technical indicators suggest that Bitcoin’s (BTC) short-term momentum may be sustaining, with the potential to target a new record high in the coming weeks. Specifically, Bitcoin has formed a Moving Average Convergence Divergence (MACD) golden cross below the zero line, a setup that has historically preceded strong upside moves, according to pseudonymous cryptocurrency analyst BitBull in a September 10 X post. Bitcoin price analysis chart. Source: BitBull The analyst noted that the last time this pattern appeared, in April, Bitcoin rallied nearly 42% within a month and secured a new all-time high. A similar setup is now forming, suggesting that history may be repeating itself. Bitcoin next price target to watch  The projection zone points to a potential surge toward $125,000 if momentum strengthens. Two scenarios are outlined: either an immediate breakout to the target or a brief pullback toward $117,000 before continuation higher.  Notably, a MAC...

CHART: Trump's second term has been better for gold than bitcoin

Donald Trump’s second term has seen him embrace bitcoin (BTC) — often referred to as “digital gold” — and cryptocurrency, including issuing executive orders and promising legislation that will regulate stablecoins and market structure. BTC has seen its price appreciate approximately 4.3% since Trump’s inauguration. Interestingly, the GLD Exchange Traded Fund (ETF), which tracks the price of actual gold, has seen its price appreciate approximately 22% since the beginning of Trump’s second term, substantially more than the so-called “digital gold.” Read more: Crypto cases Trump’s SEC has paused and dismissed in 2025 Gold was briefly an important issue for this administration when Trump’s advisor Elon Musk misrepresented the status of gold held at Fort Knox. Musk pretended that it wasn’t commonly checked and then implied that it was gone. Additionally, Trump’s Executive Director of the ...

VeChain Faces Resistance At $0.03: Can VET Hit $0.05 In June?

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VeChain is having trouble breaking above $0.030. The price of the asset decreased by 5.3% over 14 days and 19.7% since May 2024. Even with the bearish market performance, VET has gone up 0.7% in one day, 1.6% in a week, and 6.4% during the last month. Source: CoinGecko Also Read: VeChain On The Verge Of Overtaking Trump Coin: Here’s When Crypto Market Rally Fades Source: Watcher Guru The crypto market experienced a surge over the last few weeks after a spike in institutional investments. Bitcoin (BTC) climbed to a new all-time high of $111,814 on May 22. The original crypto has since fallen by 1.8%. BTC’s rally triggered a market-wide upswing. VET and other assets followed BTC’s upward trajectory. The rally has since cooled off. Also Read: Cryptocurrency: 3 Coins That Are Capable Of Becoming The Next Bitcoin VeChain (VET) has struggled to gain momentum despite the recent market roar. The asset climbed to $0.077 in December of last year. Since December, VET’s price has ...

Key Bitcoin levels to watch as BTC eyes return above $100,000

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Summary: ⚈ Bitcoin is trading near $96,739 and aiming to break $100,000 soon. ⚈ Key levels to watch are $94,657 (support) and $97,828 (resistance). ⚈ High RSI suggests BTC may face short-term downside before another rally. After threatening to end the bull cycle before coming close to the previously forecasted cycle tops near $200,000, Bitcoin (BTC) broke out in mid-April and is once again promising to reclaim the psychologically important $100,000 level. Specifically, after falling to 2025 lows near $75,000 on April 7 and April 8, as Liberation Day tariffs pushed stock and cryptocurrencies lower, and bond yields and gold higher, BTC set an upward course and achieved a multi-month high above $97,000 on May 1. The subsequent correction, as relatively mild as it has been, demonstrated that Bitcoin’s journey will not be smooth.  Indeed, the world’s premier cryptocurrency has entered a seemingly stable zone between $96,000 and $97,000 in the last 24 ho...

ETH crashes to four-year low against BTC

Ethereum’s blockchain transitioned from work-based security to a financialized security model on September 15, 2022. Since it forked to proof-of-stake (PoS), ether (ETH) has made new lows against bitcoin (BTC). The Merge (and earlier changes like EIP-1559) were supposed to cleanse the blockchain of its electricity-guzzling stigma, and the community latched onto the changes in ETH issuance as a new era for ETH as deflationary, “ultrasound money” Instead, the event simply marked one of the best-ever prices to have sold ETH for BTC . With the price of ETH now trading at a four-year low against BTC, consider these additional metrics of underperformance. Price Ether’s price — the first and most important metric — is a disappointing starting point. When it celebrated its move to PoS, it cost 0.074 BTC to buy one ETH. ETH then proceeded down a never-ending slide.  Today, it costs just 0.022 BTC to buy one ETH — 70% cheaper than when it was secured by ...

Bitcoin: Here's When BTC Could Reclaim $100,000

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Bitcoin (BTC) has hit multiple all-time highs over the last few months. The original cryptocurrency hit a high of $108,786 earlier this year in January. The rally was likely due to President Donald Trump’s inauguration. Trump’s pro-crypto policies may have led to a spike in market participants. Also Read: Trump Sells 1,000 ‘Gold Card’ Visas Per Day, Each Worth $5 Million Bitcoin’s Price Correction Source: Watcher Guru Since its January highs, BTC’s price has struggled to gain momentum. The asset’s price descended to below $79,000 earlier this month. The dip was likely due to macroeconomic headwinds and global trade wars. The US announced tariffs against Canada, Mexico, and the European Union (EU). The move led to a dip in investor sentiment. Also Read: GTA 6 Leak: Smarter Cops, 2025 Release, Map Takedown & Trailer Hype! Bitcoin (BTC) has since reclaimed the $87,000 mark. The market resurgence is probably due to the US easing its tariffs and the Fed pausing ...

Bitcoin is no longer legal currency in El Salvador

As El Salvador slowly submits to requests by the International Monetary Fund (IMF), it has modified its laws to diminish bitcoin’s (BTC) role in the economy. Indeed, despite President Nayib Bukele taunting the IMF and boasting about his embrace of BTC, his need for US dollar financing has forced him to reverse most of his once-celebrated policies. This, in turn, has led to debates among Bitcoiners over whether BTC is even legal tender erupting on social media. BTC no longer accepted for payment of taxes Bukele’s administration has modified laws that enshrined BTC’s role as legal tender in the country’s constitution, neutering the role of the world’s foremost digital asset. Critically, the government deleted a provision in Article 4, “Todas las contribuciones tributarias podrán ser pagadas en bitcoin” (translated: All tax contributions may be paid in bitcoin). Because an instrument’s status as “legal tender for all debts, public and private” is usuall...

Crypto Analyst Says Solana Rival Biding Time Before Next Move, Updates Outlook on Bitcoin

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A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is waiting in the wings before making its next move to the upside while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Rekt Capital tells his 533,400 followers on the social media platform X that layer-1 blockchain Sui Network (SUI) is consolidating below its all-time high as it gains support from prominent crypto wallet Phantom. “SUI. Still consolidating below all-time highs, biding its time before its next move. As for fundamentals, Phantom is live with SUI to over 15 million monthly active users. More, SUI has partnered with SatLayer and Babylon BTC Staking in an effort to push into BTC DeFi this Q1.” Source: Rekt Capital/X SUI is trading for $4.14 at time of writing, a 12.5% gain during the last day. Moving on to the crypto king, Rekt Capital says Bitcoin has successfully retested a resistance zone but needs a daily close ...

Bitcoin needs to reclaim this level so BTC can rally above $100k

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Bitcoin (BTC) has been consolidating below the $100,000 psychological resistance since breaking out of a seven-month downtrend in November. Now, traders are cautiously looking at key levels that BTC needs to reclaim before trying a new price rally above $100k. In particular, CrypNuevo has set a key price target to validate the upward momentum and a potential $100,000 breakout. According to a post on November 29, the trader is ready to open long positions if Bitcoin reclaims $98,300. “If we want to see a push higher to $104k-$105k , then Bitcoin needs to get back above this key level: $98.3k. Reclaim that $98.3k level and I’m back in longs.” – CrypNuevo Picks for you XRP is up 160% this year; Will it reach an all-time high in 2025? 43 mins ago ...

Ripple: SEC Settlement Catapults XRP 23% as $0.65 Comes Into View

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A judge has ordered Ripple to pay just over $125 million in civil penalties, officially ending the SEC’s lawsuit & concluding that XRP is not a security. The lawsuit has gone on for two years, but the decision finally puts a nail into the lawsuit for good. Now that Ripple Labs has seen a favorable result from the lawsuit, XRP is soaring in price. At press time, Ripple XRP is trading at $0.6248, a 22% climb in the last 24 hours. Since Wednesday afternoon, the asset has climbed over 12 cents and isn’t slowing down. This result was expected, as many predicted XRP to soar following a win in the Ripple vs SEC lawsuit. Despite needing to pay a $125M fine, the overall result is a win for Ripple and all of crypto. Additionally, the demand for Ripple’s native cryptocurrency, XRP, has seen a sharp rebound in top cryptocurrency exchanges in the US. Kaiko Analytics shared a report showing that demand for XRP rose from less than 2% to 14% in a month. The rebound in demand for Ripple’s native ...

BRICS: As US Dollar Falls, Can Bitcoin Become a Global Reserve Currency

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As the BRICS de-dollarization initiative strings on, the US dollar is getting weaker, and a new alternative could become a global reserve currency. With its recent exponential rise and implementation, many experts believe that Bitcoin could fill that hole if it widens. Bitcoin is undoubtedly one of the most robust cryptocurrencies out there. The token is dubbed the king of cryptocurrencies, and rightfully so, because of its massive market momentum and popularity. It has also picked up steam on a regulation level, with Bitcoin ETFs now available on the open market for anyone to invest in. The debate of BTC and other cryptocurrencies even matters in government, with crypto being a talking point in the US election and up for debate in the Senate. The Bitcoin token can be a savior or further disciplinary for the US dollar depending on how the United States treats it. There are talks of the country sending all of its current seized BTC from the Department of Justice to the Department of th...

Bitcoin hovers near $66.5k as Mt.Gox users ‘choose to hodl’

Bitcoin price still hovers above $66k despite Mt. Gox repayments. Analysts say on-chain data shows most BTC holders receiving the repayments are choosing to hodl. BTC price may benefit from this, with a potential to rebound to recent highs. Bitcoin traded to above $66,500 on Wednesday morning as the market looked to bounce following fresh downside pressure. The dip to lows of $65,444 on crypto exchange Coinbase happened as traders reacted to news that the US government had sent BTC to exchanges. Bitcoin holds above $66k Movement from the Mt. Gox wallets amid repayments also spooked some to introduce selling pressure. The return of outflows for spot Bitcoin exchange-traded funds on Tuesday supported this outlook, with over $78 million in outflows breaking a 12-day streak. So while prices have dipped since trading to highs of $68,495 earlier in the week, analysts are bullish on the flagship cryptocurrency’s recovery in the short term. Price holding a...

Republican National Committee Approves Motion To Defend Bitcoin

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The Republican National Committee has approved a draft of its party platform to defend the right to mine and self-custody Bitcoin. In the RNC’s 2024 GOP platform, the wing includes cryptocurrency in its plan to improve the United States economy. JUST IN: Republican National Committee approves draft of party platform to defend the right to mine and self-custody #Bitcoin — Watcher.Guru (@WatcherGuru) July 8, 2024 “ Republicans will pave the way for future Economic Greatness by leading the World in Emerging Industries,” the platform reads. The document goes on to explain how crypto and Artificial Intelligence will receive support in a Republican-led government post-Trump nomination. “ Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free fro...

Bitcoin Dips Below $58K, Is It Time To 'Buy the Dip?'

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The Bitcoin [BTC] market took a big hit earlier today, The asset plunged to a low of $57,800 all the way from a high of $61,055. At press time, BTC was trading at $58,854.99 with a 3.60%. The rest of the market followed suit as strong players like Ethereum [ETH] and Solana [SOL] dipped by 4.40% and 8.96% over the past 24 hours. Source The asset is currently 20.2% below $73,750.07, its all-time high. March 2024 was just four months ago when this high was reached. The price of BTC is currently at a two-month low. After years of delayed deadlines, several experts have connected the most recent dip to Mt.Gox’s intention to begin returning funds that were taken from customers in a 2014 breach in July 2024. Repayments will be made in Bitcoin and Bitcoin Cash [BCH], which may put pressure on the market to sell. While the market is drowning in bearish sentiment, certain assets continue to look on the brighter side. Also Read: Bitcoin To Hit $150,000, Fundstrat’s Tom Lee Confirms Bitcoin I...