Michael Saylor's firm, Strategy, has paused its regular Bitcoin purchases for over a month to focus on increasing its cash reserves. The company recently added $525 million to its U.S. dollar holdings, bringing total cash to $3.75 billion, enough to cover dividends for about 2.1 years. Despite the pause, Strategy remains the largest publicly traded corporate Bitcoin holder with 843,775 BTC. This move aims to ensure liquidity for dividend payments amid market volatility and address concerns about stock dilution and business model criticism.
A state-backed Shanghai company has started producing advanced lithography machines, breaking the Dutch company ASML's monopoly. This development rattled AI and semiconductor stocks and dragged down the S&P 500, reflecting concerns over US-led chip e...
Ethereum's value relative to Bitcoin has risen to its highest point in three months, with the ETH/BTC ratio reaching 0.03 on July 27. Over the past month, Ethereum gained about 24%, significantly outperforming Bitcoin's 8% gain. This shift indicates ...
ChatGPT predicts Bitcoin's price will reach $145,000 by the end of 2024, suggesting a 122% increase from current levels around $65,060. Looking further ahead to December 31, 2026, it forecasts a new all-time high with a weighted probability approach:...
Cryptocurrency markets exhibit mixed price changes, with Bitcoin rising 0.72% to $64,914 and Ethereum increasing 3.54% to $1,953. Other notable movements include Binance Coin up 0.46% and Shiba Inu down 4.44%. These fluctuations reflect ongoing marke...
Bitcoin price climbed back above $65,000 on July 27 following a pause in US-Iran military strikes, which eased fears of prolonged oil supply disruptions and caused oil prices to fall sharply. This decline in oil prices supported risk assets, includin...
