[ad_1] On Monday, business intelligence firm Microstrategy, led by Bitcoin (BTC) advocate Michael Saylor, announced its intention to offer $700 million in convertible senior notes due 2028 as part of a broader strategy to strengthen its Bitcoin portfolio while restructuring existing debt. MicroStrategy’s Strategic Bitcoin Move According to the announcement, the proposed notes will be unsecured, senior obligations of MicroStrategy and are expected to bear interest payable semi-annually starting March 15, 2025. The notes will mature on September 15, 2028, unless repurchased or converted earlier under specified conditions. Notably, the company plans to grant initial purchasers an option to acquire…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Ethereum price gained bearish momentum and traded below $2,350. ETH is consolidating losses and might struggle to recover above $2,350. Ethereum started another decline below $2,350 and $2,320. The price is trading below $2,310 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,360 resistance to start a recovery wave in the near term. Ethereum Price Starts Consolidation Ethereum price failed to clear the $2,450 resistance and started…
[ad_1] According to the latest report from Coinshares, global crypto investment products saw a significant rebound with $436 million in net inflows last week alone, driven largely by Bitcoin’s resurgence. CoinShares noted that this marks a return to positive flows after two consecutive weeks of net outflows. Behind these positive flows are major asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares experiencing a turnaround, indicating a renewed interest in crypto investment products. Detailing The Fund Flows Bitcoin-based funds were at the forefront of this rebound, generating $436 million in net inflows after a 10-day streak of outflows…
[ad_1] Regardless of the Ethereum (ETH) price’s unappealing performance, the latest analysis from top crypto analysts in the space predicts that the asset might be on the verge of a parabolic rise. In a recent post uploaded on X, renowned crypto analyst Javon Marks has laid out an optimistic scenario for Ethereum, suggesting a potential price surge similar to a pattern witnessed in 2023. Key Level To Watch For A Rally To $8,100? According to Marks, Ethereum is poised to replicate a previous pattern that led to a more than 160% surge. In the post on X, he states, “ETH…
[ad_1] Bitcoin (BTC) price declined by 2.7% in the past 24 hours as the US Federal Reserve (Fed) looks poised to initiate its widely anticipated rate-cut cycle this week. Why Did Bitcoin Decline Ahead Of Rate Cuts? Hovering around $60,000 throughout most of the weekend, BTC price experienced a slump of 2.7% ahead of the Fed’s expected rate cuts likely to begin this week. Interestingly, the price action exhibited by the largest cryptocurrency by market cap aligns with the prediction by former BitMEX exchange CEO, Arthur Hayes. Assuming the Fed decides to initiate rate cuts this week, it will be…
[ad_1] Este artículo también está disponible en español. Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocol’s users. The attack took $6 million from the project’s pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Related Reading Hackers Drain $6 Million From DeFi Protocol On Monday morning, cyber security platform Cyvers Alerts informed the community about the ongoing attack on DeFi borrowing protocol Delta Primes. The initial report revealed that Cyvers’ system had detected multiple suspicious transactions involving the…
[ad_1] According to the FBI, Donald Trump was the apparent target of what appears to be an attempted assassination at his golf club in West Palm Beach, Florida on Sunday, nine weeks after the Republican presidential nominee survived another attempt on his life. The former president said he is out of danger, and officials have held a man in custody. Secret Service agents found an armed suspect, Ryan Wesley Routh, hiding in bushes near the golf course. He was armed with an AK-style rifle and was 300 to 500 yards away from Trump. The agents opened fire at him, and…
[ad_1] A crypto strategist who nailed the pre-halving correction for Bitcoin (BTC) thinks that a layer-1 project is close to sparking breakout rallies. Pseudonymous analyst Rekt Capital tells his 499,300 followers on the social media platform X that Injective (INJ) appears to be forming a large falling wedge structure on the weekly chart. The falling wedge pattern is typically viewed as a bullish reversal signal as it indicates that sellers are losing momentum while buyers are stepping in to slow down the price decline. Says Rekt, “Injective has been developing this channel for months. A weekly close above the light…
[ad_1] Este artículo también está disponible en español. As Bitcoin (BTC) grapples with a challenging market environment, it has struggled to regain momentum, hovering around the $53,000 and $60,000 levels for six consecutive weeks. After losing the crucial $70,000 threshold on August 1, the largest cryptocurrency remains at risk of further declines, particularly with the upcoming Federal Reserve (Fed) meeting on September 18, where a 0.50% rate cut could significantly impact its price. BTC’s Future Hangs In Balance Recent insights from crypto analyst Doctor Profit suggest that the market is closely divided, with equal chances—50%—of a 0.25% or 0.50% rate…
[ad_1] Since last Friday, Bitcoin has seen a 4% retrace, following a strong 15% surge from its local lows. Despite this recent momentum, the market faces uncertainty and volatility as BTC trades below the crucial $60,000 level—a psychological mark that signals direction. Investors are watching closely to see whether Bitcoin can regain strength and break past this key resistance or continue to struggle in the short term. There are signs of recovery, however, as Coinbase data shows BTC has been trading at a price premium again, indicating strong demand. Additionally, key data from Coinglass highlights critical liquidity levels that BTC…