Bitcoin is pushing toward the $70,000 mark as cooling Consumer Price Index (CPI) figures and increased accumulation by large Bitcoin holders, known as “whales,” contribute to this upward trend, according to Santiment. This comes at a time when recent US CPI reports indicate a slowdown in inflation, which has bolstered investor confidence in riskier assets such as cryptocurrencies.
French government-owned energy company Engie is exploring the deployment of Bitcoin miners at a new solar plant in Brazil, viewing this initiative as a way to enhance profitability by monetizing excess energy. This move aligns […]
WisdomTree’s latest market analysis indicates that the crypto market, once characterized by retail speculation, is now transitioning to a phase dominated by institutional discipline. According to Dovile Silenskyte, director of digital assets research at WisdomTree, […]
Chinese electric vehicle company Jiuzi Holdings has signed a $1 billion deal to acquire 10,000 BTC through an equity arrangement. This move aligns with a growing trend among Chinese public companies to incorporate Bitcoin into […]