Tag: BTC

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.

Also Read: Paytm Integrates Perplexity AI to Enhance App Capabilities

Hong Kong Asia Holdings’ Stock Explodes 93% After Unexpected Bitcoin Purchase

Hong Kong Asia Holdings’ stocks rose 93% just to buy 1 BTC—crypto mania does exist, but will it last?



Hong Kong Asia Holdings recently made waves in the market with its stock going up 93% after announcing that it bought one Bitcoin. Yes, just one BTC—and investors still lost their minds.

The company, not really known for crypto moves, casually dropped the news in a filing, and suddenly, the market was all in. Some people think this could be the start of a bigger crypto play, while others say it’s just classic hype. Either way, the stock price pumped hard, proving once again that even the smallest crypto connection can send investors into a frenzy.

This isn’t the first time a company saw its stock moon over a crypto headline. It happened before when businesses hinted at blockchain adoption—even if they didn’t actually do much with it. But the real question is: Is this pump legit, or just another hype-fueled spike?

If Hong Kong Asia Holdings actually goes deeper into Bitcoin or blockchain, this could be a game-changer. But if not, this rally might fade just as fast as it came. For now, the market’s vibing with crypto, and the bulls are running.

Also Read: Nigeria Government vs. Binance’s Tigran: A Clash Over Corruption Allegations

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.

Also Read: Binance Claps Back at Reserve FUD: No Assets Sold

MicroStrategy Acquires 7,633 More BTC, Boosting Total Holdings to 478,740

MicroStrategy snagged 7,633 more BTC for $742.4M, now holding 478,740 BTC. Saylor paused buys but keeps stacking hard.



MicroStrategy, the ultimate Bitcoin whale, just scooped up another 7,633 BTC between Feb 3-9, 2025. The company spent a cool $742.4 million, dropping an average of $97,255 per coin. With this latest haul, their total stash now sits at a jaw-dropping 478,740 BTC, acquired for $31.1 billion at an average of $65,033 per BTC.

This move follows their late January buy of 10,107 BTC for $1.1 billion. In just over a month, their Bitcoin holdings have already pulled in a 4.1% yield—proof that they’re playing the long game with BTC as their treasury asset.

Interestingly, despite this fresh purchase, MicroStrategy Chairman Michael Saylor announced on Feb 4 that they were hitting pause on BTC buys for now. He clarified that the company hasn’t sold any shares or tapped its equity offering program to fund Bitcoin purchases of late.

With laser-eyed conviction, the flex of MicroStrategy as the biggest corporate Bitcoin holder shows absolutely no signs of shifting from the BTC-first strategy. The market is watching to see if MicroStrategy will turn the tap full again soon-or is this just a quick breather?

Also Read:Crypto Hesitation: Only 30% of Institutional Traders Eye Investments

El Salvador Bolsters Bitcoin Reserves with 20 BTC Purchase This Week

El Salvador is stacking BTC fast, grabbing 21 more last week, pushing holdings to 6,068 BTC, worth $592M, despite IMF pressure.

El Salvador, the first country to make Bitcoin legal tender, is going all in on BTC again. Over the past week, it stacked 21 more BTC, bringing its total stash to 6,068 BTC—worth around $592 million. The country’s National Bitcoin Office (ONBTC) confirmed the latest buy, showing that El Salvador isn’t slowing down its Bitcoin strategy.

On Feb 4, 2025, the country copped 12 BTC in two separate buys—11 BTC at an average of $101,816 each and another 1 BTC at $99,114. This adds up to a solid 60 BTC purchase in just the last month. Originally, El Salvador planned to buy 1 BTC daily, but now it’s grabbing larger chunks, likely taking advantage of U.S. government Bitcoin auctions selling seized BTC for cheap.

The aggressive Bitcoin accumulation follows its $1.4B deal with the IMF, in which El Salvador loosened some Bitcoin policies; among them, the rule for mandatory BTC acceptance was lifted. Still, the country is doubling down on its Bitcoin future.

El Salvador’s moves are making waves around the world, with countries such as the United States, Brazil, the Czech Republic, and Poland watching intently, considering whether to start stacking BTC themselves.

Also Read: Canadian Hacker on the Run After $65M Crypto Heist

Illinois Proposes Bitcoin Strategy for State Reserve Holdings

Illinois eyes a Bitcoin reserve to drive financial security; if passed, the bill may trigger other states to adopt BTC strategies.



On January 29, Illinois led the way in treating Bitcoin like a major financial asset through the Bitcoin Strategic Bill. State Rep. John Cabello is advocating for a Bitcoin reserve fund run by the Illinois State Treasurer. The state reportedly became the first U.S. state to make the official decision to hold BTC in its financial strategy.

The bill allows Illinois to receive Bitcoin donations from both residents and government entities. The state will hold the Bitcoin for at least five years before deciding whether to sell or transfer it. Strict rules will ensure fund security, and regular updates will keep the public informed. If passed, the Strategic Bitcoin Reserve Act takes effect immediately.

The move also comes as interest in Bitcoin as a hedge for financial crises continues to mount. Congresswoman Cynthia Lummis is now forcing discussions on a national Bitcoin reserve, saying that BTC has the potential to ward off both economic depression and inflation. The asset is used to insulate against market instability by major institutions.

With Illinois taking the lead, it’s quite probable that other states and organizations might follow. A decision on this bill will outline whether Bitcoin is to become a serious financial tool for government reserves.

Also Read: INX Digital Adds Solana, $TRUMP, & $MELANIA to Its Trading Platform

Rex Osprey Submits ETFs for $Trump, BTC, ETH, and XRP

Rex Osprey’s filing for crypto ETFs, including a surprise Trump token, stirs buzz despite recent token crashes.



Well, it looks like Rex Osprey just stirred the pot with a filing with the SEC to offer crypto ETFs. Plus it includes big guns like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Bonk (BONK), and a wild card-the Trump token. Yep, inspired by that Trump.

The Trump token is fresh on the scene, launching only five days ago, and it’s already been a rollercoaster. It blew up, hitting a $15 billion market cap and a crazy $75 billion valuation by Sunday. But things turned messy when another meme coin tied to Melania Trump dropped, splitting the hype and tanking both tokens. RIP to the traders who got caught in the crash.

The chaos doesn’t seem to deter Rex Osprey, though. They have filed the required paperwork with the SEC, trying to provide investors with cryptos without actually having to own them. Pretty bold, considering the Trump ETF caught everyone off guard.

Approval isn’t guaranteed, but this is a major play for the crypto world. If this flies, it could open doors for more creative financial products in the digital asset space. Stay tuned—this could get spicy!

Also Read: Crypto ‘Godfather’ and LA Deputy Plead Guilty to Major Crimes

Crypto Market Surges Following US CPI Data Release: What Lies Ahead?

Bitcoin hit $99K, altcoins soared as lower core CPI fueled Fed rate cut hopes, but inflation risks still linger.



Bitcoin smashed through $99K for the first time since Jan 7, climbing 10% from its monthly low. This crypto glow-up wasn’t just Bitcoin flexing—altcoins joined the party too. Virtuals Protocol skyrocketed by 25%, ai16z surged 17%, and Algorand jumped over 13%.

But the hype isn’t limited to crypto. Wall Street got its own glow-up: Dow Jones futures popped 700 points, S&P 500 futures climbed nearly 100 points, and bond yields dipped. The 10-year, 30-year, and 5-year yields are now chillin’ at 4.66%, 4.90%, and 4.48%.

What’s the tea? U.S. core inflation dropped from 0.3% to 0.2% last month, and yearly, it’s down from 3.3% to 3.2%. This got everyone hoping for juicy Fed rate cuts—maybe more than two this year. Core CPI is a big deal since it skips food and energy prices and is the Fed’s main squeeze.

Still, it’s not all sunshine. Inflation is above the Fed’s 2% goal, and some wildcards could stir the pot—like LA fires pushing up costs or Trump-era policies hiking inflation.

TL;DR: Crypto’s thriving, markets are vibing, but keep an eye on inflation drama—it’s far from over.

Also Read: BlackRock Unveils Bitcoin ETF for Canadian Investors

MicroStrategy Adds 2,530 BTC, Reaches 450,000 Bitcoin Milestone

MicroStrategy boss Michael Saylor flexed with 2,530 new Bitcoin buys, now holding 450K BTC worth $40.8B, up $12B profit!



Michael Saylor, the Bitcoin boss, just dropped some major crypto news! His company, MicroStrategy, snagged 2,530 more BTC worth $243M between January 6 and 12. That’s a massive boost to their stash, which now stands at a jaw-dropping 450,000 Bitcoin.

Here’s the tea: MicroStrategy scored these coins at an average of $95,972 each. With Bitcoin sitting around $92K now, their total holding is valued at $40.8B, giving them a solid $12B profit on their $28.2B investment.

This move cements MicroStrategy as the biggest Bitcoin whale in the corporate world, afterall it owns about 2.1% of all BTC. They’ve been on a 10-week buying streak, all part of their “21/21 Plan,” aiming to raise $42B through shares and bonds to stack even more BTC.

Oh, and they’re still hustling! They sold 710K shares in January for $243M and have $6.5B worth of shares ready to fund future buys.

While Bitcoin’s price dipped 9% recently to $90.5K, Saylor’s faith hasn’t wavered. People think upcoming events, like Trump’s inauguration, might give crypto the boost it needs.

Also Read: Ripple and MoonPay Donate $50K RLUSD to Support LA Firefighters

U.S. Government Conducts Test Transfer of Silk Road Bitcoin

The U.S. government tested moving seized Silk Road Bitcoin (0.00000546 BTC) ahead of selling 69,000 BTC worth $6.5B.



The U.S. government just made a tiny Bitcoin move from the FBI-controlled wallet holding Silk Road’s seized stash. On January 10 of this year, a small test transaction of 0.00000546 BTC (around $0.51) popped up on the blockchain, hinting at prep work for bigger moves. It’s basically the government dipping its toes in the water to ensure smooth transfers later.

This wallet isn’t just any wallet—it’s a treasure chest of about 69,000 Bitcoins, valued at a jaw-dropping $6.5 billion. These were confiscated from someone who snagged them from the infamous Silk Road marketplace, a dark web hub for illegal deals back in the day.

Why does this matter? Well, the FBI has the green light to offload these coins. And this test suggests the big sell-off could be just around the corner. When such a massive amount of Bitcoin enters the market, it’s bound to stir things up, potentially shaking Bitcoin’s price.

For now, though, the move is more about logistics than market impact. But keep an eye out—when Uncle Sam starts cashing out billions in Bitcoin, it’s going to be a headline-grabber. For the crypto space, this is a major flex and a moment to watch.

Also Read: 70-Year-Old Woman Loses Crypto Fortune in LA Wildfire

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