Circle unveils cirBTC, a wrapped bitcoin backed by real-time onchain reserve verification and native BTC collateral.
Crypto analyst Minga has predicted that the Bitcoin price could rally past $120,000 to a new all-time high (ATH) of $190,000 in the next bull cycle. The analyst also indicated that now is a good time to buy as BTC approaches a bottom.
Crypto is falling despite bullish macro news, IMF adoption signals, and market rallies. Why is Bitcoin ignoring good news?
For the past few days, the price of Bitcoin has been hovering between the $70,000 and $64,000 range, with no definite trajectory within the period. Despite the lack of direction in price, selling activity has continued across the market, effectively putting robust pressure on the leading cryptocurrency asset.
Bitcoin jumped past $42,000 Monday morning, hitting $42,135 as traders rushed into crypto amid growing geopolitical chaos. The world's biggest digital currency gained steam while traditional markets wobbled under pressure from mounting tensions across multiple regions.
Soluna secures a $53 million wind farm in Texas to power its expanding AI and Bitcoin mining operations, reinforcing a shift toward renewable-backed infrastructure. The site could reach up to 300 MW capacity and generate between $20 million and $24.4 million annually.
The negative gamma zone below $68,000 can trigger a self-reinforcing sell-off, leading to an ever larger slump.
Bitcoin slides to $66,384 as a strengthening U.S. dollar and rising oil prices pressure BTC/USD. Analysts eye $64,032 support as Iran tensions and ETF outflows weigh on crypto markets.
Bitcoin faces significant pressure as whales sell and the key $62K–$65K demand zone comes under threat.
Circle's bitcoin payments app Circle Pay was sunsetted in 2019 as the firm pivoted to focus solely on stablecoins.
Circle announced cirBTC, a new wrapped bitcoin token backed 1:1 by native BTC, designed to give institutional users verifiable, onchain exposure to bitcoin across decentralized finance ( DeFi) and traditional finance (TradFi).
A recovery signal will require STH SOPR to return above 1.0 and Net Realized P/L to simultaneously turn positive.