A top Democrat has urged the Treasury Department to not push through with President Donald Trump's plans to establish a strategic Bitcoin reserve, saying it's just a new "scheme" for the president and his associates to benefit from.
The Trump White House is looking to accumulate as much $BTC as possible, Bo Hines reportedly told crypto leaders during a private roundtable earlier this week, but time is ticking and there have been no strategies on the "how" so far.
The crypto market has erased all gains it made since Donald Trump secured his second presidential win, with Bitcoin plunging below $77,000 at one point and Ethereum falling under $2,000.
Bitcoin dipped below $87,000 Thursday night after Donald Trump ordered the establishment of a U.S. strategic Bitcoin reserve that will capitalize on the $BTC holdings seized by the government.
Robinhood Trivia drew in nearly 400,000 players Wednesday as the fintech firm provided a total prize pool of $1 million in Bitcoin, but hundreds of users on X who played the game said the game didn't work "for many."
Bitcoin pumped Wednesday night after Commerce chief Howard Lutnick said he is expecting a U.S. strategic Bitcoin reserve to be announced at the first White House crypto summit on Friday.
Nayib Bukele is under fire among Bitcoiners and prominent figures in the crypto industry after he insisted that El Salvador will not halt its strategic Bitcoin reserve even if the IMF's funding deal clearly states that the country is prohibited from buying $BTC throughout the funding program's duration.
Some of the crypto industry's most prominent executives are speaking out against the "crypto reserve," explaining that Bitcoin is the only asset that meets the standards for store of value asset.
Some Bitcoiners are losing patience over the wait for a U.S. strategic Bitcoin reserve, while others are worried it was a "scam." Meanwhile, some $BTC holders believe they should just "trust the process" since a Bitcoin reserve will most likely take time to be established.
Bitcoin prices have plummeted from all-time highs above $108,000 to $88,000 as of early Wednesday – how did the world's most valuable cryptocurrency bleed out thousands in a month?
For the first time since getting approved, spot Bitcoin ETFs bled out nearly $1 billion on Tuesday, marking the largest single-day outflows in the once very popular offerings.
Seven planets will align Friday next week, and while it will undoubtedly be a mesmerizing sight for stargazers, it may not be the best period for Bitcoin, the world's unchallenged crypto king.
U.S. President Donald Trump on Wednesday said it's thanks to him that Bitcoin hit new all-time highs, but also made a special mention about Miami, which he said was "the center of the action" in crypto growth.
Bitcoin plunged Tuesday after FTX revealed it was starting initial customer repayments over two years since the exchange's collapse, as lingering concerns re-emerge over the potential market and sentiment implications of the refunds.
A Hong Kong investment firm saw its stock price skyrocketing Monday after it announced that it had adopted Strategy's Bitcoin model, starting with an investment of 1 $BTC.
Crypto users and non-crypto holders are divided over Michael Saylor's "21 Rules of Bitcoin," with some pointing out that since they were statements made by a $BTC maximalist, they don't help the cryptocurrency in the end.
Tether's Paolo Ardoino isn't so happy about a report by JPMorgan analysts suggesting the stablecoin behemoth may need to dump its Bitcoin holdings due to non-compliance with recently-introduced stablecoin bills in the U.S.
Trump is expected to announce tariffs on European Union products "pretty soon," and the crypto market is reeling from the news as Bitcoin and other major altcoins plunged Sunday night.
Utah's House of Representatives on Thursday passed a state strategic Bitcoin reserve bill, pushing the bill forward, as several states race toward holding $BTC as a strategic reserve.
Days after experiencing criticism from Bitcoiners for promoting Ethereum, Eric Trump has finally set his sights on Bitcoin, saying it's a great time to stack up on the world's top cryptocurrency, even hinting that WLFI may hold $BTC.
MicroStrategy is now Strategy – with a Bitcoin symbol on its logo – further emphasizing the company's commitment to its $BTC treasury strategy that inspired other publicly-traded firms to follow suit.
David Sacks had very bullish statements around Bitcoin and crypto in his first ever media briefing as he confirmed that Bitcoin will be assessed for a national strategic digital asset reserve.
Altcoins were outperforming Bitcoin early Tuesday after the weekend bloodbath that saw over $2 billion wiped out from the crypto market.
Donald Trump signed an executive order on blockchain and crypto earlier this month, and it appears to have affected hopes for a national strategic Bitcoin reserve, considering how the president ordered consideration for a stockpile that didn't specifically single out $BTC.
The SEC has expedited the approval of Bitwise's combined $BTC and $ETH ETF, marking a stark contrast from the Gensler SEC's waiting period for approving similar offerings.
Tesla revealed Wednesday that it gained $600 million in its digital asset holdings in the fourth quarter of 2024 and also, the EV titan didn't sell any of its Bitcoin.
Bitcoin is up following Fed Chair Jerome Powell's comments about crypto offerings in banks – he appears to have taken a swipe at the alleged Operation Choke Point 2.0 that the Biden administration was accused of implementing in the past few years.
Kraken donated $111,111 in Bitcoin to Ross Ulbricht to help him get on with life after spending 11 years in prison, but a Coinbase executive just revealed that there are digital wallets linked to the Silk Road founder with some $47 million in collective crypto holdings.
Bitcoin is up nearly 5% after Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the creator of darkweb marketplace Silk Road.
Elon Musk and two prominent libertarians have said Donald Trump's team has confirmed Ross Ulbricht will be freed as early as this week, seemingly affecting Bitcoin's price positively.