A recent survey conducted by Francisco Gavidia University highlights a significant disconnect between Salvadorans’ support for President Nayib Bukele’s leadership and their adoption of Bitcoin. Despite Bukele’s historic decision to make Bitcoin legal tender in 2021, the survey reveals that only 7.5% of Salvadorans actively use Bitcoin for transactions, with a staggering 92% opting out … Read more
Tesla has made headlines once again with significant movements in its Bitcoin holdings. The electric vehicle manufacturer, which famously invested $1.5 billion in Bitcoin back in February 2021, recently executed a series of transactions that saw approximately $770 million in Bitcoin relocated to around seven new addresses. This development follows a period of inactivity regarding … Read more
A recent survey conducted by Francisco Gavidia University (UFG) has shed light on the current state of Bitcoin adoption in El Salvador, revealing a significant decline in usage among citizens. The study, carried out in September with a sample of 1,224 participants, primarily aged between 18 and 29, shows that only 7.5% of respondents use … Read more
The Open Interest (OI) weighted funding rate for Bitcoin has surged to 0.012%, a level not seen since July 27, when Bitcoin briefly touched $68,000. However, this surge comes on the heels of a significant downturn, as the market experienced a steep 22% drop in early August, primarily due to its impact on leveraged positions. … Read more
In an announcement made on October 14, Malta-based Samara Asset Group revealed its intention to increase its Bitcoin (BTC) holdings using proceeds from a planned bond issuance totaling $32.8 million. Samara Targets 1,000 Bitcoin Milestone Publicly-listed asset management firm Samara has engaged investment bank Pareto Securities as the sole manager to arrange a series of … Read more
The latest CoinGecko Q3 Crypto Industry Report reveals that the overall cryptocurrency market has contracted by 1.0%. Despite this slight decline, Bitcoin has reached a three-year high in market dominance, while Ethereum is experiencing challenges across several metrics. Bitcoin’s Market Performance According to the report, Bitcoin continues to perform robustly, commanding over 53% of the … Read more
On October 14, the United States saw its largest inflow day for spot Bitcoin exchange-traded funds (ETFs) in over four months, with more than half a billion dollars flowing into the market. According to data from Farside Investors, the 11 ETFs recorded aggregate net inflows of $555.9 million, marking the highest daily net inflow since … Read more
Metaplanet’s stock (3350.T) experienced a remarkable surge of over 15% on October 15 (Asian time) after the company announced it had added more than 106 Bitcoin to its reserves. According to data from Yahoo Finance, the stock price reached 1,105 JPY, a substantial increase from its previous close of 955 JPY. This latest acquisition brings … Read more
MicroStrategy, under the leadership of Executive Chairman Michael Saylor, is making headlines with its ambitious plan to evolve into a “Bitcoin bank.” Analysts from Bernstein Research have recently rated the company as “Outperform,” suggesting that this strategic pivot could propel its stock price to $290, a significant increase from its current valuation. Since 2020, MicroStrategy … Read more
Bitcoin’s price has experienced a significant uptick following the reopening of Asian stock markets, primarily driven by China’s positive economic outlook and stimulus measures. The Asian country’s strong economic performance has instilled optimism in the financial markets, including the cryptocurrency space. Breaking Down the Price Movement: Weekend Volatility: Bitcoin’s price had dipped below $63,000 over … Read more