'Bitcoin Family' has embedded cryptocurrency codes on metal cards and diligently spread them across four continents, securing themselves from potential criminal threats. GameStop's stock took a dip as the retailer has tabled plans for raising $1.75 billion in capital following its Bitcoin purchase. Simultaneously, it is signified that GameStop is considering another funding round of the same amount.
Glassnode, a blockchain analytics firm, identified an interesting trend among Bitcoin holders, which could potentially catalyse a new BTC price discovery phase. Following recent inflation data, Bitcoin's price exhibited modest gains, intriguing investors to watch for certain levels as the cryptocurrency was nearing an historical peak. It was reported that Evertz Pharma has become the first German company with a Bitcoin reserve, adding
100 BTC to its treasury.
Michael Saylor, CEO of MicroStrategy, expressed confidence that the 'Bitcoin winter' was over and predicted BTC to surge to $1 million.
Trump-backed American Bitcoin mining firm has commenced its operations and procured its first batch of $23 million worth BTC. Concurrently, institutional adoption of Bitcoin kept soaring as more firms planned to buy the cryptocurrency. On the altcoin front, Ethereum had a breakout while Bitcoin was stalling, alluding to possible altcoin season.
Ripple, in contrast to Bitcoin, reportedly gained momentum in Japan even though an SEC filing was looming. Later in the reporting period, Bitcoin found respite from selling pressure at $110K, which might indicate an opportunity for a new all-time high. Amidst these developments, an intriguing prediction was made by Bitwise analysts, quoting Bitcoin's 'fair value' could be as high as $230K.
BTC News Analytics from Wed, 28 May 2025 07:00:00 GMT to Wed, 11 Jun 2025 21:38:55 GMT -
Rating 7
- Innovation 3
- Information 9
- Rumor -1
