News with the tag "BITC"

The cryptocurrency market is experiencing a significant rally, with Bitcoin reclaiming $120,000 and Ethereum surpassing $3,600, driven by regulatory developments and strong investor interest.

Bitcoin's whale-driven exchange inflows and elevated SOPR suggest a short-term price dip near $117K before potential recovery, highlighting key market dynamics.

Over $5.76 billion in Bitcoin and Ethereum options are expiring, with max pain levels suggesting potential price corrections, while market sentiment remains cautiously optimistic.

Galaxy Digital's transfer of 10,000 BTC signals increased institutional activity and potential market shifts, with implications for liquidity and market sentiment.

Around 41,500 Bitcoin options contracts are set to expire, with a put/call ratio of 0.69 and a max pain point of $113,000, while Ethereum options contracts worth $750 million are also expiring, contributing to a combined $5.7 billion crypto options expiry.

Bitcoin's price is consolidating near $120,200 within a symmetrical triangle pattern, with potential for a breakout toward $125,000 or higher, supported by bullish technical indicators and market activity.

BlackRock's significant Bitcoin accumulation and IBIT ETF inflows have increased its BTC holdings to 3.6% of the circulating supply, driving Bitcoin's price surge above $123,000.

A Bitcoin whale moved 80,201 BTC worth $9.6 billion to Galaxy Digital, marking their first significant activity in 14 years, sparking speculation about profit-taking or strategic realignment.

The IMF reports that El Salvador has breached compliance goals related to its Bitcoin policies under a $1.4 billion credit facility, specifically citing issues with the Chivo Wallet and government Bitcoin holdings.

Enlightify Inc. plans to invest $20 million in CYBER tokens over 12 months, marking the first time a publicly traded company has included CYBER in its crypto treasury, potentially driving a 145% price rally.