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Bitcoin News
Coinpedia
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Image Credit: Coinpedia
Bitcoin Price Prediction April 2025: Will BTC Hit $100K or Face a Pullback?
- Bitcoin price has climbed back to $88,500 after a drop to $78,000 in March due to economic uncertainties and rising gold prices.
- Blockchain analytics firm Santiment warns of excessive bullish sentiment on social media leading to a market correction.
- Bitcoin is gaining recognition as a strategic asset, with more U.S. states embracing it as a treasury asset and institutional investors showing interest through ETFs.
- The impact of President Trump's Global Reciprocal Tariffs, set to take effect on April 2nd, could create uncertainty in financial markets, with potential positive or negative effects on Bitcoin.
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TheNewsCrypto
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345
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GameStop Adopts Bitcoin Treasury Strategy, Echoing MicroStrategy
- GameStop has unanimously approved adding Bitcoin as a treasury reserve asset, using a portion of its cash reserves.
- The decision follows a trend of public companies, including MicroStrategy, adopting Bitcoin as part of their financial strategy.
- GameStop's stock jumped over 8% following the announcement, while Bitcoin's price dropped about 18%.
- The company reported strong Q4 earnings, but revenue declined due to struggles in the retail gaming market.
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Coindoo
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354
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GameStop to Add Bitcoin to Treasury Reserves as Part of New Investment Strategy
- GameStop approves the addition of Bitcoin to its treasury reserves and diversifies its assets.
- The decision reflects a revision in GameStop's investment policy and signals a change in managing its financial resources.
- GameStop's move follows the footsteps of other notable companies like MicroStrategy and Tesla.
- The announcement generates investor optimism, resulting in a 5.9% increase in GameStop's stock in after-hours trading.
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Coinpedia
3w
1k
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GameStop Embraces Crypto: Bitcoin Added to Treasury Strategy
- GameStop adds bitcoin to its treasury strategy, joining the growing trend of companies holding digital assets on their balance sheet.
- The move was revealed in GameStop's Q4 earnings report and led to a 5.9% increase in GME shares during after-hours trading.
- Strive Asset Management CEO, Matt Cole, previously urged GameStop to adopt bitcoin as a reserve asset, suggesting it could transform the company's financial future.
- The decision aligns with the growing trend of companies, including MicroStrategy and MARA Holdings, pursuing a bitcoin strategy.
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TronWeekly
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119
Image Credit: TronWeekly
Bitcoin Mining in the U.S. Advances with Auradine’s Energy-Efficient Teraflux AH3880
- Auradine has launched the Teraflux AH3880, an energy-efficient Bitcoin miner with 600 TH/s and 14.5 J/TH efficiency.
- The hydro-cooled Teraflux AH3880 reduces energy costs and supply chain risks for Bitcoin miners in the U.S.
- It offers high hash rate performance and low energy consumption to increase efficiency and reduce operational costs.
- The Teraflux AH3880 contributes to the growth of domestic mining infrastructure and reduces dependence on foreign suppliers.
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Coin Telegraph
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407
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Crusoe to sell Bitcoin mining business to NYDIG to focus on AI
- Crusoe Energy is selling its Bitcoin mining business to NYDIG to focus on artificial intelligence.
- The deal includes Crusoe's power generation technology and 135 employees who will join NYDIG.
- Crusoe plans to build out AI infrastructure, as it sees the majority of its revenue coming from AI business.
- NYDIG stated that the acquisition of Crusoe's Bitcoin mining business will help expand its role in supporting Bitcoin's proof-of-work security.
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Coindoo
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283
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Kentucky Governor Signs House Bill 701 to Protect Bitcoin and Crypto Rights
- Kentucky Governor signed House Bill 701, ensuring protection of Bitcoin and crypto rights.
- The legislation guarantees individuals the right to hold and manage their cryptocurrencies in self-hosted wallets without government interference.
- The bill prohibits local governments from passing laws that discriminate against crypto mining operations.
- Kentucky is also considering House Bill 376 to create a crypto reserve for the state.
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17 Likes
Bitcoinist
3w
349
Image Credit: Bitcoinist
Over 5,100 Bitcoin Transferred To Exchanges – Potential Market Impact Ahead
- Bitcoin is showing signs of recovery after weeks of selling pressure and investor anxiety.
- Over 5,100 BTC were transferred to exchanges, potentially signaling increased sell-side pressure.
- Bitcoin must reclaim $90K to confirm a full-scale recovery rally.
- The $88K-$90K zone is a significant resistance level that needs to be overcome for a bullish push.
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21 Likes
Cryptoticker
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230
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BlackRock NEWS: BUIDL Fund Live on Solana and Bitcoin ETP Launch in Europe
- BlackRock has expanded its tokenized money market fund BUIDL to the Solana blockchain, boosting institutional confidence in blockchain infrastructure.
- BlackRock has also launched a physical Bitcoin ETP for European markets, providing traditional investors with regulated access to Bitcoin.
- The expansion of BlackRock's BUIDL fund to Solana validates the blockchain's integration of real-world assets and its potential for institutional finance.
- The Solana price surged following these developments, as it became a go-to chain for tokenized financial products and garnered broader exposure to institutional capital.
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Coin Telegraph
3w
88
Image Credit: Coin Telegraph
Pirating pioneer Napster sells for $207M with plans for music metaverse
- Artificial intelligence startup Infinite Reality has acquired Napster in a $207 million deal.
- Napster will offer branded 3D virtual spaces for virtual concerts, social listening parties, and virtual merchandise.
- The acquisition aims to transform Napster into a leading immersive music platform for artists, fans, and curators.
- Napster plans to use AI customer and community management agents and analytics dashboards to track fan behavior.
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5 Likes
TronWeekly
3w
61
Image Credit: TronWeekly
Bitcoin Price Prediction: BTC Could Soar to $109K After Crucial Breakout
- Bitcoin has surged nearly 8% in the past week, reclaiming key levels and reinforcing its bullish momentum.
- A crucial resistance level at $89,000 could determine the next breakout, with potential targets reaching $109,000.
- Market analysts suggest BTC may retest $80,000 before confirming a breakout from the falling wedge pattern.
- BTC's price action in the next few days could determine the trajectory for the remainder of the quarter.
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Cryptonews
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332
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GameStop Adopts Bitcoin as Treasury Reserve, Shares Surge on Cryptocurrency Strategy
- GameStop has updated its investment policy to include Bitcoin as a treasury reserve, with no cap on accumulation and the ability to sell as needed.
- The board unanimously approved this change on March 18, as disclosed in the company's 2024 SEC annual report.
- GameStop's investment policy now allows for investment in certain cryptocurrencies, including Bitcoin, with no set maximum limit on accumulation.
- The announcement led to a surge in GameStop shares, with a 8.7% increase in the daily timeframe.
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Bitcoinsensus
3w
297
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$869M Inflows in 10 Days: Bitcoin ETFs Turn Bullish
- Bitcoin ETFs saw inflows exceeding $869.8M in March after a challenging February, aligning with renewed bullish momentum in the broader cryptocurrency market
- ARKB ETF’s $100M inflow on March 14 marked a turning point, reversing significant outflows and signaling renewed investor confidence in Bitcoin funds
- Bitcoin surged nearly 8% since March 14, reaching $87,379, backed by institutional investments and a rising market cap of $1.73 trillion
- From March 14 until March 24, Bitcoin ETFs registered consecutive daily inflows, accumulating $869.8M in Bitcoin
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Pymnts
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252
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GameStop Board Votes to Add Bitcoin as Treasury Reserve Asset
- GameStop announced that its board unanimously voted to add bitcoin as a treasury reserve asset.
- A portion of GameStop's cash or future debt and equity issuances may be invested in bitcoin, with no set maximum amount.
- The company acknowledges the risks associated with bitcoin, including volatility, limited liquidity, and market manipulation.
- GameStop CEO, Ryan Cohen, is implementing strategies, including investing in bitcoin, to revive the struggling business.
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15 Likes
Newsbtc
3w
385
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Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead
- Bitcoin has broken its daily RSI downtrend, trading in the high $80,000s.
- The RSI breakout suggests bullish momentum and a possible trend reversal.
- The Hash Ribbons indicator signals reduced selling pressure and the start of a new uptrend.
- Strong resistance is likely around the $89,000 level for Bitcoin.
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