Tag: Bitcoin

Bitcoin Crash Wipes Out $2.16B, Recent Buyers Hit Hardest

Summary: Bitcoin’s price dip below $90,000 triggered $2.16 billion in realized losses, with most of the damage suffered by recent buyers, according to Glassnode. Long-term holders remained largely unaffected.

Bitcoin’s sharp drop on February 25 led to massive losses, particularly for those who bought in just before the downturn. Glassnode’s analysis shows that from February 25 to 27, traders lost over $2.16 billion, with short-term holders bearing the brunt of the crash.

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Investors who bought BTC within a week of the crash suffered the most, losing $927 million—42.5% of total realized losses.Those who purchased during the previous month suffered losses of $678 million (31.3%). Traders who entered just 24 hours prior to the drop contributed $322 million (14%).

Long-term investors fared much better. Those who had BTC for six months or longer lost only $6.5 million (0.3%), while those who had purchased a year ago suffered losses of just $3.2 million (0.15%).

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Glassnode further indicated that February 26 was the largest one-day crypto plunge in 2025 thus far since realized losses reached $1.13 billion 25% larger than the former largest loss on February 3. Although the fall has been precipitous, long-term holders continue to own, while newcomers cannot sell.

Bitcoin Falls 4.9%, Dips Below $85K to Lowest Level Since November

Bitcoin tanked 4.9% to $82K, its lowest since Nov. ETFs dumped $1B, altcoins fell, and investor confidence took a hit.

Bitcoin just took a massive hit, dropping 4.9% to $82,242—its lowest since November 2024. After a four-day losing streak, the biggest since August, BTC is now trading around $84,658, according to CoinMarketCap.

So, why the dip? Analysts say a major $1 billion outflow from U.S. spot Bitcoin ETFs is to blame. Institutions seem to be pulling out of their trades, shaking up the market. Peter Chung from Presto Research says investors should keep an eye on two key metrics: CME annualized basis and traditional finance funding rates.

It’s not just Bitcoin feeling the heat—Ether dropped 7.1% to $2,317, and other major altcoins like XRP, BNB, and Solana also took a hit. Chris Yu, CEO of SignalPlus, pointed out that Bitcoin’s implied volatility is down, meaning speculators are losing faith in short-term gains.

Even with Trump’s election fueling past crypto gains, regulatory uncertainty is slowing things down. Companies like MicroStrategy are facing increased scrutiny, making the market even shakier. For now, investors are left wondering when Bitcoin will bounce back.

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BlackRock Bitcoin ETF Achieves 50% Market Share Despite Market Pullback

BlackRock Bitcoin ETF hits 50% market share during a 3-day sell-off. Bitcoin price holds firm, showing strength independent of ETF flows.



BlackRock Bitcoin ETF is absolutely dominating! The world’s largest asset manager now holds more than 50% of all Bitcoin ETF assets in the U.S., with more than $56.8 billion in assets. This milestone is achieved just over a year after U.S. spot Bitcoin ETFs launched in January 2024.

Despite the recent 3-day sell-off in Bitcoin ETFs, where over $364 million in net outflows were recorded, BlackRock’s iShares Bitcoin Trust ETF (IBIT) took a hit of $112 million but still remains at the top.

ETFs accounted for a huge portion of Bitcoin’s latest surge, making up 75% of new investments as Bitcoin crossed the $50,000 mark. Bitcoin has also been strong. In spite of outflows in ETFs, its price has still been able to remain over $99,000 as of today.

Industry pros like Marcin Kazmierczak from RedStone believe that Bitcoin’s strength is due to other factors beyond ETFs, like market liquidity and institutional accumulation. Some are worried about Bitcoin’s price action being manufactured, with Samson Mow noting the market looks like it’s stuck in a range. Despite that, Bitcoin remains a top player in the crypto scene.

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Nayib Bukele and Michael Saylor Meet in El Salvador, Discuss Bitcoin’s Future

Summary: El Salvador’s President Nayib Bukele met with MicroStrategy’s Michael Saylor at the presidential palace. While details of their discussion remain private, both are known Bitcoin advocates. Their meeting coincides with El Salvador adding another Bitcoin to its reserves, now totaling 6,077 BTC.

El Salvador President Nayib Bukele received MicroStrategy co-founder Michael Saylor for a meeting at the presidential palace on Tuesday. The country’s National Bitcoin Office confirmed the visit, but did not offer details. Both of them being Bitcoin enthusiasts, discussion was likely centered on worldwide acceptance, regulations, and investment strategies.

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Both Saylor and Bukele posted pictures of their conversation, with Saylor hinting that El Salvador could be a force pushing forward the acceleration of Bitcoin adoption worldwide. The timing of their meeting is interesting, coming as it does after El Salvador just bought another Bitcoin to join its national reserves, its holdings now totaling 6,077 BTC—equivalent to about $590 million at present prices. In turn, MicroStrategy has also increased its holdings, purchasing 7,633 BTC and adding up to 478,740 BTC, which is more than $46 billion. Despite its pro-Bitcoin policy, El Salvador had to compromise on some policies in order to qualify for a $1.4 billion loan from the International Monetary Fund (IMF), which warned against monetary risks tied to the country’s crypto approach. Under these restrictions, the discussion between Bukele and Saylor might have included regulation problems, investment opportunities, and Bitcoin payment possibilities in El Salvador.

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Bitcoin Pushes Toward $100K as TRUMP Memecoin Surges 40%

Summary: Bitcoin continues to rise, trading in excess of $98,000 with hopes of reaching six figures soon. Meanwhile, the memecoins are making waves, with TRUMP rising 40% to trade in excess of $20. XRP is also making a robust recovery, rising 10% in the previous 24 hours.

Bitcoin is heading in an uptrend trend to a high of $98,600 following the increase by 4.36% from its weekly low of $94,500 on 12th of this month. The market players are attempting to shatter the $100,000 benchmark with consistent trend as the weekend looms ahead.

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Beyond Bitcoin, the memecoin space is hot. DOGE, WIF, and PNUT have all gained 6%, 13%, and 15% respectively. But the real winner here is Donald Trump’s very own TRUMP token, which has increased by over 40% and is now trading just under $21—its highest level since the initial round of mania.”.

XRP is also higher by 10% over the last 24 hours and 17% over the last seven days. MANTRA (OM) is also a top gainer with a 39% rise, followed by XDC with an 11% rise, and WIF with a 10% rise.

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According to CoinMarketCap, the total crypto market cap stands at $3.24 trillion at the moment and has experienced a daily trading volume of $106 billion. With Bitcoin growing stronger and memecoins being popular, the weekend could witness even higher volatility in the market.

Crypto Market Update (Feb 14, 2025): Bitcoin Stagnates, Telcoin Surges

Bitcoin is fluctuating between $95K-$97K, while altcoins such as TEL (+26%), JUP, and KAS skyrocket. Crypto market cap reaches $3.12T.



Bitcoin has moved laterally over the last week in the $95K-$97K range, unable to take out the $100K level after it was unable to sustain above that level last week. While BTC holds firm, altcoins are on the move, with some appreciating by quite a bit.

Among the top performers, Telcoin (TEL) gained 26% after EU deposits and withdrawals were added. Other trending altcoins like JUP, KAS, and HYPE have also gained fantastic momentum over the past month. Meanwhile, XRP stunned the market with a 6% rise in 24 hours.

Ethereum and other major altcoins are in general taking hints from Bitcoin, maintaining their daily close levels. Total crypto market capitalization is $3.12 trillion, with the total trading volume decreased by 28% as Bitcoin is avoiding any major volatility.

Today’s most trending cryptos are TEL, BNB, TRUMP (Official Trump), NOT (Notcoin), and JUP. The top day gainers are TEL with a 26% gain, followed by JUP (+9.3%), KAS (+9%), WIF (+7%), and HYPE (+5%).

Since Bitcoin is yet to come out of its range, altcoins are looking good today, and it’s a good day for traders who are looking for breakout potential.

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GameStop Reportedly Exploring Investments in Bitcoin and Crypto Assets

GameStop is considering Bitcoin and crypto investments, sending stock 20% higher, with CEO Ryan Cohen leading digital expansion and monetary shifts.

GameStop is said to be entering crypto and Bitcoin on a large scale. This has made investors wait for it. The video game retailer has been rumored to be keen on investing in Bitcoin and other cryptocurrencies as it seeks to venture into new areas of growth. While nothing has been disclosed, the company is taking its time, weighing the pros and cons of venturing into blockchain investment.

As news of the change hit the stands, GameStop stock jumped 20% after-hours, basking in the excitement this new revolution has to offer. GameStop CEO Ryan Cohen has been too busy driving GameStop out of its bricks-and-mortar retail roots, towards online expansion and smarter investing.His recent meeting with MicroStrategy’s Michael Saylor—Bitcoin’s most vocal proponents—only fueled the speculation.

GameStop is no new kid on the crypto block. It initially brought out a crypto wallet about 3 years ago to support NFTs and shut it up about 2 years ago due to regulatory issues. Now, sitting on $4.6 billion in cash in the bank, the company is looking for alternative investment options.

If GameStop follows through, it could join companies like MicroStrategy in betting big on Bitcoin. A board-approved investment policy from December about 2 years ago gives Cohen the power to lead the charge, ensuring every move aligns with GameStop’s financial future.

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North Carolina Joins 19 States in Proposing Bitcoin Reserves

North Carolina introduces a bill to invest public funds in Bitcoin. By doing so it has officially joined in with 19 other states pushing for crypto adoption.


North Carolina is stepping up its crypto game! On February 10, Speaker Destin Hall introduced the NC Digital Assets Investments Act (HB 92), which could make the state one of the biggest players in Bitcoin investment. The bill suggests the state treasurer invest public funds in “qualified” digital assets like Bitcoin.

Under the proposed law, North Carolina could start putting money into Bitcoin exchange-traded products (ETPs) that meet specific conditions, such as maintaining a $750 billion market cap in the last year. However, there’s a catch: the bill ensures that no more than 10% of the state’s public funds can be invested in these digital assets.

Speaker Hall says this move will surely put North Carolina at the forefront of technological advancements and align with former President Trump’s vision of a national Bitcoin stockpile. This makes North Carolina the 20th state to propose such crypto legislation. Its basically following in the footsteps of Arizona and Utah. While states like North Dakota are holding back, the trend is clear—crypto investments are gaining traction as a way to strengthen state budgets and tap into the power of blockchain and decentralized finance.

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Poland’s Central Bank Says ‘Hard Pass’ to Bitcoin: Stability Over Crypto Volatility 

Summary: The central bank of Poland has doubled down on its rejection of Bitcoin for reserve assets, citing volatility, security risks, and lack of stability. According to NBP President Adam Glapiński, reserves must be “absolutely secure,” and he favors gold, USD, and euros. Despite crypto’s global rise, Poland remains cautious, sticking to traditional assets.

In fact, Glapiński recently told a press conference that Bitcoin is out of the question for Poland’s reserves. “We will not consider Bitcoin under any circumstances, as reserves must be absolutely secure,” he said, according to the Warsaw Business Journal. He cited Bitcoin’s unpredictable price swings and lack of central backing as deal-breakers for the country’s financial strategy.

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Poland’s gold reserves, currently at EUR 217.1 billion (USD 225.4 billion) as of January 2025, are in the form of gold, U.S. dollars, and euros. Glapiński lauded the timing of Poland’s gold purchases as the value is going up in economic uncertainty.

The skepticism of the NBP is not new-it warned about crypto risks, such as theft and volatility, back in 2017. The bank repeated that cryptocurrencies are not supported by any central authority and do not constitute legal tender. While some in the crypto community criticize the move, Poland insists it’s all about risk management and long-term stability.

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TL;DR: Poland’s Central Bank is not investing in Bitcoin, instead continuing to rely on gold and more traditional currencies as a hedge.

Ohio Wants a Bitcoin Stash—New Bill Pushes for Crypto Reserve

Ohio might be stacking sats soon! State Senator Sandra O’Brien just dropped a bill that could make Ohio the first U.S. state with its own Bitcoin reserve fund. If passed, Senate Bill 57 will let the state treasurer invest public funds exclusively in Bitcoin and hold onto them for at least five years.

O’Brien is all in on crypto, saying Ohio needs to be ahead of the curve—especially with Trump’s crypto team exploring a “national digital asset stockpile.” If Bitcoin is the future, Ohio wants a front-row seat.

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The bill also forces state agencies to accept crypto for taxes, fines, and fees, instantly converting payments into Bitcoin for the reserve. And it’s not just government funds—residents and universities can also donate BTC to the stash, earning some recognition for their contributions.

Ohio isn’t alone in the crypto game. In December, Rep. Derek Merrin introduced another bill (HB 703) pushing for even more Bitcoin investment flexibility. Meanwhile, Utah and Arizona are also working on crypto-friendly legislation.

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Bottom line? Ohio is making some big moves toward becoming a Bitcoin powerhouse, and if this bill passes, it could set the stage for other states to follow suit.

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