Al Abraaj Group has become the first publicly listed company in the Middle East to adopt Bitcoin as a treasury asset, starting with an initial purchase of 5 BTC. The Bahrain-based conglomerate announced its decision on Thursday, stating that the move is part of a broader long-term strategy to maximize shareholder value. Pioneering Bitcoin Adoption…
Bitcoin (BTC) has surged past the $105,000 mark following a significant breakthrough in trade negotiations between the United States and China. According to a joint statement released on Monday, the two global superpowers have agreed to dramatically reduce tariffs on each other’s goods for a period of 90 days, signaling a potential de-escalation of economic…
Strategy, formerly known as MicroStrategy, has announced the purchase of an additional 13,390 Bitcoin for approximately $1.34 billion, as detailed in a May 12 SEC filing. This acquisition brings the company’s total Bitcoin holdings to 568,840 BTC, valued at over $59 billion at current market prices. Executive Chairman Michael Saylor shared the news on X,…
Crypto markets continue to reel after the White House confirmed a sweeping new trade move that sent shockwaves through global finance. On Tuesday, April 8, President Donald Trump’s administration announced a 104% tariff on all Chinese imports — set to take effect at 12:01 AM ET on April 9. Shortly after the announcement, Bitcoin (BTC)…
Bitcoin plunged nearly 7% on April 7, hitting a three-week low of $77,077, as fears of a global economic slowdown intensified following U.S. President Donald Trump’s sweeping new import tariffs. The sharp decline comes just days after Trump announced the aggressive trade policy, which includes a 10% blanket tariff on most imports and steeper rates…
In a bid to strengthen the United States’ position in the digital asset space, President Donald Trump has signed two Executive Orders aimed at building a regulatory framework for digital assets and establishing the nation’s first Bitcoin reserve. The latest of these orders, issued on March 6, directs an audit of the nation’s current Bitcoin…
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded over $1.6 billion in net outflows during the first two weeks of March 2025, driven by escalating U.S. trade tensions, Bitcoin’s price decline, and broader market uncertainty, according to data from SoSoValue reported on March 18, 2025. The 12 spot Bitcoin ETFs experienced weekly outflows of $799.39 million…
While panic selling has driven Bitcoin’s price below $80,000, large holders—known as whales—have seized the opportunity, aggressively accumulating over 65,000 BTC in the past month, according to on-chain data from CryptoQuant shared on March 11, 2025. As Bitcoin struggled near the $80,000 mark, dropping to an intraday low of $76,780 before slightly recovering to around…
Bitcoin is struggling to recover from its recent lows, dropping to $77,700 on March 10, 2025, amid intense selling pressure from miners, macroeconomic uncertainty, and dashed hopes for a government Bitcoin reserve purchase. According to CryptoQuant analyst IT Tech, miners are increasingly moving their Bitcoin to exchanges as prices decline, acting as “forced sellers” to…
Bitcoin, the leading cryptocurrency, dropped below $80,000 on March 9, 2025, sparking concerns among investors as a broader market sell-off unfolds. The price fell to around $79,500, marking a sharp decline from its recent peak of over $87,800 earlier in March, driven by a combination of profit-taking, macroeconomic uncertainty, and shifting investor sentiment. This drop…