#bitcoin

#bitcoin

The U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now. The S&P 500 rallied 2% for its best day since May. The Dow Jones Industrial Average soared 1,206 points, or 2.5%, and topped the 50,000 level for the first time, while the Nasdaq composite leaped 2.2%.

Shares of Strategy ($MSTR) surged sharply Friday, lifting more than 25% at times, trading near $133, after a brutal prior session left the bitcoin‑linked stock deeply oversold. The jump comes as markets stabilized and bitcoin rebounded from multi‑week lows to around $71,000, injecting newfound demand into equities tied to digital assets. Friday's rally reversed a dramatic sell‑off on Thursday, during which MSTR shares plunged to multi‑year lows on earnings losses and renewed pressure in crypto markets.

First, the good news. Bitcoin ticked up 5% this morning to $65.9K per coin.That's it. That's all the good news about Bitcoin today. Everything else is bad news. The original cryptocurrency has lost 50% of its value, peak to trough, falling from a high of about $125K per coin in October 2025 to its low yesterday of $61.3K.

The price of Bitcoin has fallen to its lowest level in 15 months despite US president Donald Trump's personal and public support of cryptocurrency. A single Bitcoin is now worth $66,000 (48,700), its lowest level since October of 2024, with the price down 24% since the start of this year. The drop followed months of surging Bitcoin prices, which saw the cryptocurrency hit an all-time high of $122,200 in October.

Bitcoin's price crashed sharply on Thursday, sliding through critical support and dipping near $66,000 in volatile trading - marking what appears to be the largest absolute dollar drawdown on record for the world's largest cryptocurrency. The latest plunge comes during a broader global risk-off sell-off, with equities, commodities and digital assets all under pressure. Major U.S. and Asian stock indices weakened on economic growth concerns

Cryptocurrencies have become a valuable asset, with Bitcoin ( CRYPTO: BTC) almost doubling over the past five years. The famed digital asset is in the middle of a sharp correction, which presents a buy-the-dip opportunity for assets with exposure to the crypto industry. Luckily, you don't have to guess which crypto stock will be the next winner. Crypto ETFs give investors broad exposure to the opportunity and have diversified portfolios.

Senate Bill 557, patroned by Senator Reeves, would establish the Commonwealth Strategic Cryptocurrency Reserve Fund, a special nonreverting fund housed in the state treasury and administered by the Virginia State Treasurer. The measure advanced this week after passing the Senate General Laws and Technology Committee in a 13-2 vote. Under the legislation, Virginia would be authorized to invest state-held funds directly into bitcoin or other qualifying cryptocurrencies, creating what supporters describe as a strategic reserve designed to modernize treasury management.

In the case of the TMZ letter, the outlet did not reveal the Bitcoin address-a term that describes a long string of random letters and numbers similar to a bank account-but confirmed it was a genuine address on the blockchain. The outlet said that the note had a deadline for the ransom, as well as details of an item damaged at the victim's Tucson-area home. The blockchain analysis firm Chainalysis did not speculate on the legitimacy of the letters.

Bhutan has transferred $22.4 million worth of Bitcoin from its wallets over the past week, continuing a pattern of periodic BTC sales observed over the past several years. According to blockchain analytics firm Arkham, one of the transfers, executed five days ago, was sent directly to addresses labeled as belonging to market maker QCP Capital. Data from Arkham indicates that Bhutan is selling Bitcoin in increments of roughly $50 million, with a particularly heavy selling period recorded in mid-to-late September 2025.

The bitcoin price fell below $80,000 over the weekend for the first time since April 2025, briefly plunging to lows near $75,000 amid cascading liquidations and a broader sell-off across global risk assets. As of early Monday, BTC was trading around $78,400, up about 1% on the day, according to Bitcoin Magazine data, after shedding roughly 12% over the past seven days.

House Bill 1695, known as the Tennessee Strategic Bitcoin Reserve Act, was filed earlier this month by Rep. Jody Barrett (R-Dickson). The bill is scheduled for consideration during the current session of the 114th Tennessee General Assembly. It would grant the State Treasurer authority to invest a limited share of select state funds in bitcoin. The bill's findings cite inflation as a central concern.

The Bitcoin Rainbow Chart is a long‑term logarithmic valuation tool and it overlays price against a spectrum of colored bands, historically interpreted as oversold, fairly valued, or overbought. After an extended drawdown from cycle highs, Bitcoin's price now sits in one of the lower bands traditionally associated with deep undervaluation - colloquially referenced as "fire sale" territory. At the time of writing, BTC is struggling at the $83,000 level, after months of repeated sell-offs.

Metals are hot, and Bitcoin's not, much to the chagrin of the crypto sector. Silver peaked above a record-high $120 per ounce in the early hours of trading on Thursday, and gold also rose to a record price of about $5,600. Meanwhile, Bitcoin is down below $85,000, plummeting about 33% since its all-time high in October, according to Binance.

The bitcoin price rallied sharply into the close on Tuesday, surging above $89,400 after trading as low as $87,100 earlier in the day, according to Bitcoin Magazine Pro data, as markets reacted to fresh remarks from President Donald Trump on the U.S. economy. The late-day move came as Trump, speaking in Iowa, dismissed concerns over the weakening U.S. dollar, telling supporters he was "not concerned" about its decline and insisting the dollar was "doing great."

That's an astronomical sum, and at this level, some investors are right to think about what a continuation of Bitcoin's past performance would mean for its future market capitalization. If Bitcoin doubled four times over, this is a stock that would be nearly $30 trillion, or nearly half the value of the entire U.S. stock market. Now, there are some investors who think Bitcoin can double before the end of this year.

Liquidity is shrinking across channels. Spot ETFs barely saw inflows yesterday (less than $7 million) after $1.3 billion of outflows last week, while total crypto futures open interest slid to $128 billion and bitcoin futures to about $58 billion, the weakest levels since early January, according to CoinGlass. On a positive note, on-chain whales continue to accumulate Bitcoin, albeit at a gradual pace.

Bitcoin proxy Strategy announced Monday that it acquired an additional 2,932 bitcoin for approximately $264 million between Jan. 20 and Jan. 25, according to a filing with the U.S. Securities and Exchange Commission. The purchases were executed at an average price of $90,061 per coin, lifting the company's total bitcoin holdings to 712,647 BTC. At current market prices, Strategy's bitcoin treasury is valued at roughly $62.5 billion, reinforcing its position as the world's largest publicly traded corporate holder of the asset.

UBS Group AG is preparing to offer bitcoin trading to a select group of private banking clients in Switzerland. According to a Bloomberg report citing people familiar with the matter, the Swiss banking giant has been in discussions for several months about launching a cryptocurrency trading offering and is currently in the process of selecting external partners. The service would initially be limited to a small subset of Swiss private banking clients, with a broader rollout possible at a later stage.

Addressing the systemic risks associated with traditional leveraged trading, industry advisor Daniel Wang stated: "The market is undergoing a fundamental shift. Platforms like DLMining are building a new generation of digital infrastructure by combining blockchain technology with sustainable computing, enabling investors to avoid short-term volatility risks and participate in long-term value accumulation." The DLMining platform restructures investment logic through three core mechanisms: Automated execution via smart contracts, eliminating risks of human intervention Green computing infrastructure ensuring operational sustainability