Fold sells $45M in Bitcoin to repay debt and fund growth

Fold Holdings has sold approximately $45 million worth of Bitcoin and eliminated all of its secured debt obligations as the fintech company prepares for a new round of product launches and expansion efforts. According to Fold, the Nasdaq-listed company liquidated…

BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June.

Fold's debt clearance and growth funding enhance financial stability, but selling Bitcoin may limit future gains if prices rise significantly. The post Fold sells $45M in Bitcoin to wipe out debt and fund growth appeared first on Crypto Briefing.

The use of Bitcoin for transit fees in the Strait of Hormuz could influence global oil trade dynamics and impact cryptocurrency markets. The post First Gulf-to-Europe crude oil tanker since March is paying its way through the Strait of Hormuz in Bitcoin appeared first on Crypto Briefing.

Iran's ultimatum to Gulf states could destabilize energy markets and elevate Bitcoin's role in geopolitical finance, impacting global trade. The post Iran warns Gulf states of infrastructure strikes unless they expel US forces, pushing Bitcoin into geopolitical spotlight appeared first on Crypto Briefing.

Crypto analyst Crypto Lens has predicted that the Bitcoin price could rally to a new all-time high (ATH) of $150,000. This came as he outlined four scenarios that will build toward this rally to a new ATH by next year.  Bitcoin Price To Still Rally To $150,000 Amid These Four Scenarios In an X post, Crypto Lens predicted that the Bitcoin price would rally to $150,000 by February next year. This came as he noted that BTC is now hovering at the exact level where every bull trap ends. The analyst stated that next week, another bearish rejection will send BTC back to $43,000. The rally to $150,000 and drop to $43,000 is notably among the scenarios he outlined for BTC.  Related Reading: This Bitcoin Chart Shows What To Expect For The Next 3 Months After Major Decision Point In the first scenario, Crypto Lens predicted the Bitcoin price would drop to $48,000 within a few days. This will be followed by a drop to $43,000 in July, which is the second scenario. In the third scenario, the analyst

The geopolitical tensions highlight vulnerabilities in crypto markets, questioning Bitcoin's safe-haven status amid global conflicts. The post IRGC strikes Israeli air base as crypto markets absorb another geopolitical shock appeared first on Crypto Briefing.

The reading likely supports restrictive monetary policy.