160 days ago
Bitcoin (BTC) dipped below $100,000 as markets stalled after reaching $102,500. BTC had dipped to an intraday low of $91,274 on Monday after Trump’s tariffs against Canada and Mexico came into effect. However, markets made a quick recovery after Trump agreed to pause tariffs and signed an executive order for the creation of a sovereign wealth fund. Bitcoin (BTC) Could Be Included In Wealth Fund President Donald Trump signed an executive order for the creation of a sovereign wealth fund in the US. The order outlines plans for a wealth fund for the development of the US economy. It has drawn considerable attention from members of the crypto community, who believe the fund could include BTC . The fund will be the first-ever sovereign wealth fund to serve as a tool for economic development. Donald Trump has tasked the Treasury and Commerce Departments with the responsibility to create the fund. The order instructs both departments to submit a plan for such a fund within 90 days. This includes investment strategies, fund structure, funding mechanisms, and a governance model. According to Treasury Secretary Scott Bessent, the fund will be established within 12 months. “We`re going to stand this thing up within the next 12 months. We`re going to monetize the asset side of the US balance sheet for the American people.” The prospect of a sovereign wealth fund has stirred optimism within the crypto community, with speculations about the addition of BTC to the fund. Bitwise Senior Investment Strategist Juan Leon stated the inclusion of the flagship cryptocurrency in the fund is a realistic possibility. “First an EO to determine a strategic bitcoin reserve, and now a sovereign wealth fund. It looks to me like they could fold the former into the latter. Better yet, include accumulating bitcoin in the sovereign wealth fund while holding a separate strategic reserve.” Arthur Hayes Predicts $250,000 Arthur Hayes, Chief Investment Officer at Maelstrom, has predicted that BTC remains on track to reach $250,000, adding it would be a stepping stone towards bigger gains. Hayes stated that global economic pressures are forcing governments to print large amounts of money that could devalue fiat and set the stage for a Bitcoin surge. Hayes added that Trump and his team are working to reshape the world around the US, but such an effort will require printing vast amounts of currency. “It requires destroying the real value of government bonds in the United States.” According to Hayes, governments around the world are facing the same economic pressures and will have no choice but to flood the market with liquidity. Liquidations Could Have Surpassed Reported Value According to Ben Zhou, CEO of ByBit, real total liquidations were significantly more than the reported $2 billion, estimating the actual figure was closer to $8-10 billion. He added that ByBit’s 24-hour liquidation alone was $2.1 billion, compared to the $333 million recorded on Coinglass. “I am afraid that today`s real total liquidation is a lot more than $2B by my estimation, it should be at least around $8-10b. FYI, Bybit`s 24-hour liquidation alone was $2.1B. As you can see in the below screenshot, Bybit 24hr liquidations recorded on Coinglass was around $333m.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) and other cryptocurrencies face renewed pressure thanks to trade tensions between the US and China, rattling investor confidence. BTC made a strong recovery after Monday’s dramatic collapse but has run into uncertainty yet again after China retaliated to Trump’s tariffs. The US imposed a 10% tariff on all Chinese goods, with China retaliating and putting tariffs on products imported from the US, including oil. The country added it was opening an investigation against US tech giant Google for alleged antitrust violations. The developments have raised the prospects of a full-blown trade war between two of the world’s largest economies, adversely impacting market sentiment. As a result, markets are facing increased volatility and bearish sentiment, as highlighted by BTC’s price action. BTC is back in the red during the current session, wiping out gains from yesterday’s relief rally, and slipping below $100,000. However, some analysts have suggested a prolonged trade could be beneficial to BTC and other cryptocurrencies. However, the current downturn is due to macroeconomic factors and an increasingly competitive AI race. BTC has faced considerable volatility over the past week, plummeting to an intraday low of $97,766 last Monday, briefly slipping below the 20 and 50-day SMAs before recovering and settling at $102,064. The price continued to fall on Tuesday, dropping 0.69% to $101,362 after a failed relief rally. BTC recovered on Wednesday, rising 2.27% and moving to $103,663. Buyers retained control on Thursday as BTC rose to an intraday high of $106,296 before losing momentum and settling at $104,553. However, sentiment changed on Friday as the price fell nearly 2% to $102,616. Source: TradingView BTC slipped below the 20-day SMA on Saturday, dropping by 1.54% to $101,041. Bearish sentiment intensified on Sunday as BTC slipped below $100,000 and the 50-day SMA, falling just over 3% to $97,881. With markets tanking on Monday, BTC plunged to an intraday low of $91,274. However, it recovered from this level to reclaim $100,000 and settle at $101,579, moving above the 50-day SMA after registering an increase of nearly 4%. However, markets were rattled after China retaliated to Trump’s tariffs. As a result, BTC stalled and fell back into the red. The flagship cryptocurrency is down 2.50% and has slipped below $100,000 to trade at the $99,000 level. If BTC continues to drop, we could see a drop to $95,000. Buyers must keep BTC above $99,000 and reclaim $100,000 to spark a reversal. However, as the RSI and MACD indicate, sellers have the upper hand. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation
BitcoinWorld Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation The cryptocurrency world is abuzz once again, and for good reason. French blockchain powerhouse, The Blockchain Group (ALTBG), has just made a significant move, adding another 29 Bitcoin (BTC) to its already impressive portfolio. This latest acquisition pushes their total BTC holdings to a staggering 1,933 BTC, reinforcing their position as a serious player in the institutional adoption of digital assets . For anyone tracking the evolution of corporate treasury strategies, this isn’t just a transaction; it’s a powerful statement about confidence in Bitcoin’s long-term value and the strategic importance of a robust crypto acquisition strategy. The Blockchain Group: A Strategic Pioneer in Digital Assets Who exactly is The Blockchain Group , and why are their actions garnering so much attention in the crypto space? ALTBG is a prominent French company deeply entrenched in the blockchain ecosystem. They are not merely dabbling in cryptocurrencies; their core business revolves around developing and integrating blockchain solutions for various industries. This background gives their Bitcoin accumulation a unique weight. Unlike a traditional corporation simply looking to diversify its balance sheet, The Blockchain Group’s move is an intrinsic alignment with the technology they champion. Their prior disclosure of raising $13 million specifically to establish a strategic BTC reserve highlights a deliberate, well-thought-out plan rather than an opportunistic trade. This proactive approach positions them as a pioneer, showcasing how native blockchain companies are leveraging their understanding of the underlying technology to make astute financial decisions in the realm of digital assets . Unpacking The Blockchain Group’s Impressive Bitcoin Holdings With the recent addition, The Blockchain Group’s total Bitcoin holdings now stand at 1,933 BTC. While this figure might seem abstract to some, it represents a substantial commitment to the world’s leading cryptocurrency. To put it into perspective, this places them among a growing list of publicly traded companies that have embraced Bitcoin as a treasury asset. Their holdings reflect a belief in Bitcoin’s potential as a store of value, a hedge against inflation, and a significant growth asset. This isn’t just about holding; it’s about active accumulation, demonstrating a consistent strategy to increase their exposure. The decision to allocate significant capital to BTC holdings is a clear signal to the market: they see enduring value in Bitcoin beyond short-term price fluctuations. It speaks volumes about their long-term vision for their balance sheet and their conviction in the future of decentralized finance. Why a Strategic BTC Reserve is a Game Changer The concept of a “strategic BTC reserve” is more than just a fancy term; it’s a profound shift in corporate financial management. For The Blockchain Group , establishing such a reserve serves multiple purposes. Firstly, it acts as a powerful hedge against traditional economic uncertainties, including inflation and currency devaluation. Bitcoin, with its finite supply and decentralized nature, offers an alternative to fiat currencies susceptible to quantitative easing. Secondly, it’s a bold statement of confidence in the underlying blockchain technology and the broader crypto economy. By holding a substantial amount of Bitcoin , they are not just investing; they are participating directly in the ecosystem they help build. This strategic move also potentially offers significant upside exposure. As institutional adoption grows and Bitcoin’s utility expands, the value of such a reserve could appreciate substantially, strengthening the company’s financial position and providing a unique competitive advantage in the burgeoning digital assets space. It’s a move that aligns their financial interests directly with the growth of the industry they operate within. The Growing Trend of Corporate Crypto Acquisition The Blockchain Group’s recent crypto acquisition is not an isolated incident but rather a part of a larger, accelerating trend. Over the past few years, we’ve witnessed a significant shift, with an increasing number of public and private companies adding Bitcoin and other cryptocurrencies to their balance sheets. From tech giants to financial services firms, the rationale is diverse but often converges on a few key points: Balance Sheet Diversification: Reducing reliance on traditional assets and seeking uncorrelated returns. Inflation Hedge: Protecting capital against the erosive effects of inflation. Future-Proofing: Positioning the company at the forefront of financial innovation. Investor Appeal: Attracting a new class of investors interested in digital asset exposure. While the benefits are compelling, it’s also important to acknowledge the challenges. The volatility of the crypto market means that the value of these holdings can fluctuate significantly. Regulatory uncertainty in various jurisdictions also poses a risk. However, companies like The Blockchain Group are navigating these waters, demonstrating that with proper risk management and a clear strategic vision, crypto acquisition can be a viable and even advantageous component of a modern corporate treasury. What This Means for the Future of Digital Assets The continued accumulation of Bitcoin by entities like The Blockchain Group sends a clear message about the trajectory of digital assets . It signifies a maturation of the market, moving beyond speculative retail interest to serious institutional adoption. This trend has several profound implications: Increased Legitimacy: Each corporate adoption adds to the credibility and mainstream acceptance of cryptocurrencies. Market Stability: As more institutional money enters, it could potentially lead to more stable market dynamics over the long term, though volatility will likely remain a feature. Infrastructure Development: Corporate demand spurs the development of robust custody solutions, regulatory frameworks, and financial products tailored for institutions. Broader Innovation: The integration of digital assets into traditional finance encourages further innovation in blockchain technology and decentralized applications. This ongoing institutional embrace is a testament to the fundamental value proposition of Bitcoin and other leading digital assets . It suggests that cryptocurrencies are increasingly being viewed not just as speculative instruments, but as legitimate, long-term components of a diversified investment portfolio and even core corporate reserves. The future of finance is undeniably intertwined with the evolution of these assets. Conclusion: A Bold Step Forward for Institutional Crypto The Blockchain Group’s latest Bitcoin acquisition is more than just a headline; it’s a significant indicator of the deepening institutional commitment to digital assets . By strategically building its BTC holdings , the French firm is not only fortifying its own balance sheet but also setting a precedent for how blockchain-native companies can leverage the very technology they champion. This move underscores a growing confidence in Bitcoin’s role as a long-term store of value and a crucial component of future-proof financial strategies. As more entities follow suit, the landscape of corporate finance will continue to evolve, solidifying Bitcoin’s place at the heart of this transformative shift. It’s a powerful signal that the future of finance is increasingly decentralized and digitally driven. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation first appeared on BitcoinWorld and is written by Editorial Team Bitzo
BlackRock’s iShares Bitcoin Trust Nears $100 Billion Asset Milestone Amid Strong Retail Demand
BlackRock’s iShares Bitcoin Trust (IBIT) is rapidly approaching a landmark $100 billion in assets, driven by strong inflows and a bullish Bitcoin market. IBIT’s impressive growth has positioned it as Bitzo
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