Coinbase Bitcoin Premium Index Hits 50-Day Negative Streak, Here Is the Impact on BTC Price

The post Nigerian Naira (NGN) and Vietnamese Dong: Why You Should Not Underrate The Fiat Currencies That Are Becoming Promising Markets for USDT and Bitcoin appeared on BitcoinEthereumNews.com. Crypto exchange has long expanded beyond simple dollar and euro trading pairs. In many cases, users need to solve a specific task: buy USDT with local currency, exchange Bitcoin for fiat, receive money from abroad, or quickly convert funds for payments. As a result, local fiat currencies are becoming increasingly important within the exchange market. For these use cases, the exchange route itself becomes the deciding factor. NGN (the Nigerian naira) and VND (the Vietnamese dong) clearly illustrate this shift. Demand in these markets is driven by routine transactions involving local currencies, stablecoins, and Bitcoin. Most often, users are buying USDT, entering Bitcoin positions, or cashing out into local currency through a straightforward and efficient exchange route. If you already know what

The post Bitcoin Hasn’t Fully Capitulated Yet: Analysts Warn of Lower Levels Ahead appeared on BitcoinEthereumNews.com. What does BTC’s latest rejection mean for the asset’s upcoming price moves? There’s a lot that’s not going bitcoin’s way at the moment, but we will delve into that in a moment. For this intro, we will just suggest that BTC might actually be performing better than expected, at least for now. However, the latest rejection at $64,000 could spell more trouble ahead, and here are the new bearish targets set by Ali Martinez and Ted Pillows. No Bottom Yet Just think about it – the war was essentially just restarted today as Iran and the US launched new strikes against each other, Strategy sold more than 3,500 BTC, recent reports suggested a major miner capitulation, AI continues to extract capital out of crypto markets, the BTC ETFs bled over $8 billion in two months, the Fed doesn’t seem inclined to lower the rates soon, and yet, the cryptocurrency still trades above $60,

The post One Bitcoin treasury’s paper loss just made Strategy’s stress everyone’s problem appeared on BitcoinEthereumNews.com. Bitcoin treasury preferred stocks are moving from a simple income story into a credit test on Bitcoin balance sheets. Strategy remains the center of gravity, but Strive, the 7th largest public Bitcoin holder, has now put the spillover in public numbers: another Bitcoin treasury company held a Strategy preferred stock and watched that position become a market signal of stress. In its June 29 update, Strive disclosed that it held the same 505,000 STRC shares on June 18 and June 26, while the fair value of that position fell from $44.738 million to $37.658 million. That $7.08 million change happened without a disclosed change in the STRC share count. On a simple division of the filed fair-value figures, Strive’s implied mark moved from roughly $88.59 per share to $74.57 per share in eight days. The disclosure stops short of proving insolvency, forced selling, or a

The post Strategy Bitcoin Sale Leaves $1.25B Plan Intact. appeared on BitcoinEthereumNews.com. Strategy’s $135M BTC sale was separate from its $1.25B monetization framework. The company sold 3,588 BTC to support preferred stock dividend obligations. VanEck says Strategy may retain more Bitcoin selling capacity than expected. VanEck says Strategy’s recent $135 million Bitcoin sale did not reduce its $1.25 billion BTC Monetization Program, keeping the full capacity available.  Strategy’s latest Bitcoin transaction has drawn attention after VanEck’s digital asset research head clarified that the sale occurred outside the company’s authorized monetization framework.  The distinction could affect how investors assess Strategy’s future Bitcoin selling capacity and treasury strategy. Strategy’s Bitcoin Sale Left Monetization Capacity Unchanged According to VanEck digital assets research head Matthew Sigel, Strategy’s approximately $135 million Bitcoin sale did not reduce its $1.25 billion BTC

Binance BTCY and BlackRock BITA push covered-call Bitcoin income beyond DeFi. Weekly BTCY payouts, BITA’s 0.65% fee and 25–35% overwrite frame the trade-offs.

The post After crashing 99.9%, this BTC treasury stock crashed 99.9% — again appeared on BitcoinEthereumNews.com. BTC treasury company Hyperscale Data saw its split-adjusted stock price drop to below $0.14 yesterday — a figure that represents just six billionths of one percent of its all-time peak in September 2000. Hyperscale, which began life in 1969 as an electronics manufacturing company called Digital Power Corporation, achieved a split-adjusted price of $2,131,598,848 during the so-called “dot-com bubble.” It then pivoted to BTC mining in August 2017, with its stock trading above $121,000,000. However, by the time it switched its focus again in September last year, this time to a Michael Saylor-inspired BTC acquisition strategy, this same stock had collapsed below $0.72. Yesterday, it closed below $0.14, a return since 2017 that’s somehow, even worse than declining 99.9% and then declining 99.9% again. Indeed, it needed to decline 99.9% one more time to arrive at Hyperscale’s $0.

Bitcoin fell to $62,103 early Wednesday, down $1,208, or 1.91%, after sellers rejected a run at $64,169 during the prior 24 hours and after President Trump said the ceasefire with Iran is on shaky ground. The pullback has left the daily chart cautious, the shorter timeframes thin on volume, and the indicator board split between […]

The post Elon Musk’s SpaceX Moves Bitcoin, Selloff Coming amid SPCX Stock Fell 25%? appeared on BitcoinEthereumNews.com. Elon Musk’s SpaceX-linked wallet address moved Bitcoin after 6 months, sparking speculation in crypto and stock markets. The transfer coincided with massive profit booking in SPCX stock that sent the stock below its IPO debut price. Elon Musk’s SpaceX Wallet Transfers Bitcoin According to Arkham Intelligence data on July 8, a wallet address linked to Elon Musk’s SpaceX moved Bitcoin for the first time in six months. The transfer triggered selling speculations despite the firm moved just $88 worth of BTC. The firm last moved more than 1016 BTC worth nearly $100 million. SpaceX wallet still holds almost 18,712 BTC, valued at $1.16 billion at the current market price. Notably, the destination address now holds 614 BTC worth $38 million. Elon Musk’s SpaceX Moves Bitcoin. Source: Arkham Outflows from SpaceX to other unknown wallets increased significantly last year near t