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BITF News13 articles
Bitcoin Retreats from $70K as Macro Pressures Mount
Bitcoin declined 2.4% to $68,678, retreating from a brief push above $70,000. The pullback comes as ETF inflows slowed and macroeconomic headwinds from energy markets and interest rates intensified.
Bitcoin Retreats Below $72K as Fed Signals Limited Rate Cuts, Crypto Assets Slide
Bitcoin dropped below $72,000 following the Federal Reserve's decision to maintain interest rates and signal just one reduction in 2024. The broader crypto market and related equities faced selling pressure amid elevated inflation forecasts.
IREN's $6B Equity Plan Fuels AI Ambitions Amid Market Skepticism
IREN's stock fell 1.3% amid a broader tech selloff, as the company seeks to raise up to $6 billion through share sales to finance its pivot to AI cloud services, despite reporting a $155.4 million quarterly loss.
MARA Stock Slides Amid Bitcoin Retreat, AI Transition Costs Scrutinized
MARA Holdings shares declined 5.4% in premarket trading Friday as Bitcoin retreated toward $70,000, intensifying focus on the company's capital needs for its strategic shift into artificial intelligence and high-performance computing infrastructure.
Bitcoin Retreats as Regulatory Stalemate, Dollar Strength Weigh on Crypto
Bitcoin gave back recent gains, dropping 3.5% amid stalled crypto regulation talks and a stronger dollar. Market focus shifts to Friday's U.S. employment data.
IREN Plunges 7% on Friday Despite MSCI USA Index Inclusion
Shares of IREN Limited dropped 7.4% on Friday, closing at $40.95, even as the company was added to the MSCI USA Index. Trading volume surged to 52.66 million shares amid a broad market sell-off.
MicroStrategy Rises with Bitcoin Rebound as Annual Report Details Debt Strategy
MicroStrategy shares advanced alongside bitcoin's recovery, with the company's annual report revealing contingency plans involving share issuance or bitcoin sales to address its substantial long-term debt.
Ex-CEO Gets 20 Years for $200M Bitcoin Ponzi Scheme
Former Praetorian Group International CEO Ramil Palafox received a 20-year prison sentence for orchestrating a $200 million Bitcoin Ponzi scheme that defrauded investors worldwide.
Bitcoin Retreats Under $70K Ahead of Key U.S. Economic Data
Bitcoin fell 1.4% to $68,743, slipping below the $70,000 threshold as traders await U.S. jobs and inflation reports. Spot Bitcoin ETFs recorded $144.9 million in net inflows.
Fed Rate Cut Bets Dim as Warsh Nomination Clouds Outlook, Crypto Slips
Markets now see an 83% chance the Federal Reserve holds rates steady in March, with crypto assets declining as traders reassess policy expectations following Kevin Warsh's nomination for Chair.
MicroStrategy Shares Dip as Company Adds Bitcoin Using Stock Sale Proceeds
MicroStrategy shares fell 2% after the company disclosed it sold $89.5 million in stock to purchase 1,142 bitcoin. The firm now holds over 714,000 bitcoin as investors await key U.S. economic data.
South Korean Regulators Eye Stricter Crypto Oversight After Bithumb's $40 Billion Error
South Korea's financial watchdog is pushing for tighter cryptocurrency regulations following a major incident at exchange Bithumb, which mistakenly distributed over $40 billion in Bitcoin to users. Authorities are considering enhanced inspections and addressing systemic vulnerabilities.
IREN Recovers 5% as Bitcoin Surpasses $70K, Eyes AI Growth Amid Volatility
IREN shares gained roughly 5% Friday, buoyed by Bitcoin's rebound above $70,000, while the company posted a quarterly net loss of $155.4 million. Investors await key U.S. economic data next week.