Tag: BTC

Crypto market collapses by almost $1 trillion in a month

CRYPTO WORLD
Crypto market collapses by almost $1 trillion in a month

The cryptocurrency market suffered another sharp downturn on Wednesday, November 5, that marked a nearly $1 trillion monthly loss in market capitalization, which has dropped from $4.3 trillion recorded in early October to $3.4 trillion at the time of writing. Major cryptocurrencies all saw major losses. Bitcoin (BTC), down 8% on the week, tested the critical $100,000 support level, while Ethereum (ETH) dropped to $3,300, plummeting 16% over the same period. Institutional investors also pulled $1.15 billion from Bitcoin ETFs last week, signaling waning sentiment among traditional institutions, which were…

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Solo Bitcoin miner scores $347K, ‘pure self-soverignty in action’

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Solo Bitcoin miner scores $347K, ‘pure self-soverignty in action’

A solo Bitcoin miner has become the latest lucky person to win the “Bitcoin mining lottery,” pocketing a $347,455 block reward. Bitcoin node infrastructure company Umbrel said the solo miner won the block via the Public Pool Bitcoin mining pool, earning the 3.125 Bitcoin block reward and a 0.016 BTC transaction fee on top. It took place at block height 920,440, on Thursday at 7:32 pm UTC, Mempool.space data shows. While solo Bitcoin miners winning blocks isn’t uncommon, this one was more impressive as the miner secured the block entirely…

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Companies now own more than $100 billion in bitcoin

CRYPTO WORLD
Companies now own more than $100 billion in bitcoin

One American company called Strategy owns more than 3% of all bitcoin in existence. Its executive chairman, Michael Saylor, is the pioneer of a new business model where publicly listed companies buy cryptocurrency assets to hold on their balance sheet. Strategy, formerly called MicroStrategy, first bought US$250 million (£187 million) worth of bitcoin in mid-2020 during the depths of the COVID economic slump. As it continued to buy bitcoin, its share price soared, and it kept buying. As of October 2025, Strategy held 640,418 bitcoin, worth around $70 billion. In…

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Risk-heavy bitcoin falls while gold soars

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Risk-heavy bitcoin falls while gold soars

Investors shun crypto volatility while favoring safe-haven assets amid global trade tensions Gold is soaring, largely driven by investors flocking to safe-haven assets, while risk-filled bitcoin is taking a dive, market watchers said Monday. The precious metal is expected to continue its monthslong record-breaking rally, unlike cryptocurrencies, which are expected to tank to $70,000 amid a cyclical downturn. “Investors are turning to traditional safe-haven assets, prodded by global trade tensions and heightened geopolitical risks,” Standard Chartered Korea strategist Hong Dong-hee said. “Months of uncertainties involving U.S.-China trade relations have driven…

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How retail holders paid for corporate ‘innovation’

CRYPTO WORLD
How retail holders paid for corporate ‘innovation’

Who bore the brunt of the Bitcoin DAT bubble burst? Retail investors, who lost an estimated $17 billion after buying shares in MSTR, Metaplanet, and other Bitcoin DAT firms at inflated prices. What’s the broader impact on BTC treasuries? Overvalued DATs labeled as “bubbles” have begun to burst, putting Bitcoin’s institutional credibility at risk. On paper, more and more companies adding Bitcoin [BTC] to their treasuries looks like a big win for investors, showing that BTC is being taken seriously as a “store of value” by institutions. As evidence, Bitwise…

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