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The Bitcoin price rose over 2% in the past 24 hours to trade at $112,045 as of 3:38 a.m. EST as Figma said its $91 million BTC buy is not a Michael Strategy move and S ora Ventures said it will build Asia’s first $1 billion Bitcoin treasury firm outside of Japan. Figma, a collaborative design software company, expanded its BTC hoard to $91 million in the second quarter of this year, according to Chief Financial Officer Praveer Melwani. “We’re not trying to be Michael Saylor here,” CEO Dylan Field told CNBC , adding that it’s a part of the company’s $1.6 billion cash position. This stance comes as Figma’s approach appears more conservative, in contrast to some firms that have turned to BTC holdings as a last-ditch effort to excite investors. “This is not, like, a Bitcoin holding company. It’s a design company, but I think there’s a place for it in the balance sheet and as part of a diversified treasury strategy,” Fiel...

After a couple of volatile weeks, Bitcoin (BTC) experienced a modest rebound on Monday, July 28. However, with major U.S. crypto policy reports due July 30, the flagship digital asset could still surprise us this week. Further complicating the situation, President Trump’s recent announcement of a new trade framework with the European Union (EU) covered tariff cuts on European imports, lowering political and commercial uncertainty and potentially changing how investors see safe-haven assets such as Bitcoin. To figure out where the BTC price might be by August 1 given all the changes in the market, Finbold’s AI price prediction tool relied on three machine learning models (GPT-4o, Claude 3.5 Sonnet, and Grok 2 Vision) and a suite of technical indicators, including moving average convergence divergence (MACD), relative strength index (RSI), stochastic oscillators, and 50-day moving averages.  AI predicts BTC price  According to the collective efforts of the t...

The Bitcoin price tumbled 1.4% in the last 24 hours to trade at $97,384.34 as of 5:21 a.m. EST as some investors reduce their exposure to the leading crypto. This slight drop in the BTC price came as a filing showed fund management titan BlackRock had increased its stake in Michael Saylor’s Strategy, which rebranded its name from MicroStrategy yesterday, to 5% from 4.09% previously. The purchase further increased the giant fund manager’s exposure to Bitcoin-linked assets. Strategy is the biggest corporate holder of Bitcoin. Bitcoin Price Escapes From A Negative Channel 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price was able to break out of a short-term descending channel in the last 24 hours, and is now oscillating between $95,703.66 and $98,063.55. Should traders identify BTC’s current price as a buy opportunity, the leading crypto might end up flipping the $98,063.55 resistance level into support. Thereafter, it could rise to $101,461.81. ...

The Bitcoin price plunged over 6% in the last 24 hours to trade at $93,632.92 as of 10:00 p.m. EST as investors offload their holdings in the crypto on the market. The drop in the BTC price comes after US President Donald Trump signed an executive order imposing 25% tariffs on imports from Mexico and Canada, and a 10% duty on China, which will come into effect on Tuesday. Bitcoin Price Clinging To Support 4-hour chart for BTC/USDT (Source: TradingView) The Bitcoin price plunged below the $98,063.55 support in the last 24 hours and is now resting on the next crucial support at $93,904.24. BTC already broke below this technical mark in the last couple of hours, but buyers are trying to defend the level. Should bears overpower bulls in the coming 12 hours, the Bitcoin price could end up falling to as low as $89,135.77. On the other hand, BTC closing the next 2 4-hour candles above $93,904.24 might lead to a rebound. In this alternative scenario, the Bitcoin price could end up tryi...

The Bitcoin price fell a fraction of a percent in the last 24 hours to trade at $72,397 as of 00:43 a.m. EST on trading volume that plunged 26% to $39 billion. This comes as Michael Saylor, executive chairman of MicroStrategy and a prominent Bitcoin advocate, shared a misleading post on October 30 on X, attributing a quote to Donald Trump that falsely stated, “Bitcoin is money” and suggesting a tax-free stance on crypto. The quote appears to have originated from the X account Basedkarbon, which claimed Trump made these statements in a recent interview. Trump is flirting with the idea of making crypto tax free From a recent interview: "They have them paying tax on crypto and I don't think that's right. Bitcoin is money and you have to pay capital gains tax if you use it to buy a coffee? I was talking with a friend he said 'it… pic.twitter.com/rMNonhqQ69 — karbon 🐺🦊 (@basedkarbon) October 28, 2024 Bitcoin Price To Continue Soaring The Bi...

OpenAI, the leading company in artificial intelligence (AI) development, just launched its most advanced model, the o1, on September 12. Looking to test the AI’s capabilities and gather insights on the cryptocurrency market, Finbold asked o1 for a Bitcoin (BTC) price prediction for the end of 2024. In a bullish forecast, OpenAI’s o1 believes Bitcoin could “experience significant upward momentum,” pushing prices above its all-time high (ATH). The conservative BTC price prediction goes within the range of $80,000 to $100,000 by the end of 2024. However, the AI has a bearish case for Bitcoin, potentially holding it between $60,000 and $70,000. This would happen amid “adverse regulatory actions, macroeconomic downturns, or persistent negative sentiment,” o1 wrote, which could suppress BTC’s price. Picks for you ...

The Bitcoin price rose 1% in the last 24 hours to trade at $59,234 as of 00:49 a.m. EST despite trading volume dropping 16% to $23.8 billion. The Federal Reserve is on the verge of cutting interest rates, following the European Central Bank (ECB), the Bank of England, and the People’s Bank of China. There is now a 76% chance that the Fed will cut interest rates by 0.25% points this month. Arthur Hayes, co-founder and former CEO of BitMEX, has shared his reasons why the Fed’s interest rate cuts may not significantly affect the Bitcoin price. My theory on why Fed rate cuts aren't going to plan. Since JAYPOW annc Sept rate cut at J-Hole, $BTC down 10%, y? I thot rate cuts were good for risk assets. RRP pays 5.3% no T-bill under 1-yr maturity pays more. MMF will move money from T-bill -> RRP which is $ liq -ve. Since… — Arthur Hayes (@CryptoHayes) September 2, 2024 Since Jerome Powell, the Fed Chair, confirmed a rate cut in September on August 23, BTC ...