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Showing posts with the label btc price

Here’s how much El Salvador is down on its Bitcoin bet in 2025

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El Salvador’s Bitcoin (BTC) adoption as a legal tender has hit a rough patch in 2025, with the country’s cryptocurrency holdings plunging by nearly $40 million. On January 1, 2025, El Salvador held 6,000 BTC valued at $555.83 million, with each Bitcoin priced at $92,595. As of April 15, the country’s stash has increased slightly to 6,158 BTC. However, despite a slight increase in its Bitcoin stash, the total value has dropped to $515.85 million, as BTC’s price fell to $83,930 per coin, a 9.36% decline.  This translates to a $39.98 million loss for the nation, according to the latest on-chain data retrieved by Finbold from Arkham Intel . El Salvador YTD BTC portfolio. Source: Arkham El Salvador made history in 2021 by becoming the first country to adopt Bitcoin as legal tender,  a move championed by President Nayib Bukele to boost financial inclusion and attract investment. The recent losses can be attributed to Bitcoin’s vol...

Bitcoin has to fall this low for Michael Saylor’s Strategy to lose money

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Strategy (NASDAQ: MSTR) – formerly known as MicroStrategy – has been suffering from a period of stock market decline in recent trading.  Specifically, MSTR shares experienced a 5.57% drop on Friday, March 7, to their latest closing price of $287.18, and an equally sharp collapse of 5.46% in the extended session, leading to the Monday pre-market value of $271.50. MSTR stock 1-day and Monday pre-market price chart. Source: Google With Michael Saylor’s company facilitating investor exposure to Bitcoin (BTC) via vicarious ownership, it should come as no surprise that BTC’s own decline from $86,773 on Friday to $83,126 at press time has been one of the main reasons behind the stock price drop. Picks for you Bitcoin just made the biggest weekly price drop in history 53 seconds ago ...

Michael Saylor suggests selling kidneys as bitcoin dips below $80K

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With crypto markets down $1 trillion since Donald Trump’s inauguration, investors are becoming increasingly desperate to raise capital to buy at 25% off last month’s prices. In a controversial, late-night tweet, Strategy founder Michael Saylor even suggested selling a kidney to hold onto bitcoin (BTC). Sell a kidney if you must, but keep the Bitcoin. — Michael Saylor️ (@saylor) February 28, 2025 His 11pm tweet with BTC’s price below $80,000 was even more contentious than his March 2021 advice to “ go mortgage your house and buy bitcoin with it ” that earned him months of derision. BTC went on to trade below his advisory prices for years and wouldn’t settle into a higher average price range until February 2024. Saylor’s tweet, with BTC price below $80,000 was even more contentious than his advice to “go mortgage your house and buy bitcoin with it.” Read more: Michael Saylor’s bitcoin announcements no longer seem to pump MSTR stock Sa...

Bitcoin rainbow chart predicts BTC price for February 28

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With Bitcoin (BTC) struggling to hold above $98,000 amid a lack of strong fundamental catalysts, market sentiment has turned increasingly cautious.  The release of hotter-than-expected CPI data has fueled concerns over inflation, pushing BTC toward $95,000 and raising fears of a potential drop to $90,000 in the coming days. BTC one-day price chart. Source: Finbold At press time, Bitcoin is trading at $95,506, reflecting a 0.53% daily loss and a 2.5% decline over the past week.  Picks for you We asked DeepSeek AI what will be Bitcoin price at end of 2025 2 hours ago DeepSeek AI predicts Solana (SOL) price for Q1 2025 3 hours ago ...

What’s next for BTC amid European Central Bank’s ‘declaration of war’ on Bitcoin

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The European Central Bank (ECB) strikes again, publishing an economic paper about Bitcoin (BTC) called “The distributional consequences of Bitcoin.” Analysts have called it a “declaration of war” on Bitcoin or “one logical leap away” from the ECB acquiring BTC. However, the European Central Bank gives no signals of intention to buy BTC at any point in time. Instead, this paper, written by Ulrich Bindseil and Jürgen Schaaf, raises harsh economic criticisms of Bitcoin’s value proposition, even when considering a bullish scenario where BTC price rises continuously despite what contrarian analysts believe is a speculative bubble. Analyzing it further, Tuur Demeester called the recent paper a “true declaration of war” with potential negative consequences. The long-term Bitcoin analyst believes it can fuel more active harmful measures against BTC as an investment asset in Europe. ...

Bitcoin Surge Past $65K Linked To Rising Donald Trump Election Odds, Bernstein Says

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Bitcoin’s recent rise above $65K is being driven by the increasing odds of a Donald Trump election victory, according to analysts at Bernstein. “We believe the recent bitcoin strength is being driven by the return of bitcoin’s correlation to Trump’s election odds,” Bernstein analysts said in an Oct. 15 note. Donald Trump The Favorite To Win The Election As MSTR Seen As A Corporate BTC Index Former US President Trump’s odds of winning the election currently stand at 56.5% on the decentralized betting platform, Polymarket . Meanwhile, his political rival and current US Vice President Kamala Harris has a 43% chance, according to bettors on the platform. Trump also has the lead in five of the six swing states. The US-regulated Kalshi shows that Trump leads Harris as well. Odds in favor of Trump currently stand at 55% after a 2% increase, while bets for Harris place her chances at 45% following a 1% decrease. “We believe the bitcoin market str...

Bitcoin pattern in ‘full motion’ sets BTC price for the end of 2024

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With Bitcoin’s (BTC) price hovering above $60,000, the maiden cryptocurrency’s technical pattern hints at a new rally that will potentially usher in a record high at the end of 2024. Particularly, Bitcoin’s ‘cup and handle’ formation, which began after the November 2021 high, signals a bullish setup, and the recent price trajectory fits the ‘handle’ part, according to TradingShot, who made this observation in a TradingView Analysis on October 4. Bitcoin price analysis chart. Source: TradingView The ‘cup and handle’ pattern indicates the potential for a continuation of an asset’s previous trend. In Bitcoin’s case, the deep price correction that started in 2021 is considered the “cup,” while the ongoing downward movement since March 2024 forms the “handle.” Picks for you ...

Bitcoin Rainbow chart predicts BTC price for end of August 2024

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Bitcoin (BTC) is once again attempting to reclaim the $60,000 psychological level after a recent dip triggered a broader selloff in the cryptocurrency market.  This recovery comes as traders and investors brace for a busy week, with key economic data releases and geopolitical factors expected to heavily influence market sentiment.  The focus remains on Bitcoin’s price movements, with the Bitcoin Rainbow Chart offering crucial forecasts for BTC’s trajectory by the end of August 2024. Picks for you Here’s when Bitcoin will hit $100,000 after resuming ‘aggressive tone,’ according to analyst 43 mins ago Meta AI predicts SHIB price for 2025 54 mins ago ...