Features Crypto News by Thebittimes.Com

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 jumped over 2% in the last 24 hours to trade at $94,204 as of 02:13 a.m. EST on trading volume that skyrocketed 163% to $72 billion. The crypto market recovered after its latest correction, which saw Bitcoin (BTC) drop below $90K in the last 24 hours. During this correction, BTC plunged to a 2-month low to $89,260.10, but has since bounced back. This pullback comes as JPMorgan Chase CEO, Jamie Dimon, continues to criticize Bitcoin. According to Dimon, Bitcoin itself has no intrinsic value.  In an interview with CBS News on Sunday, Dimon said, “It’s used heavily by sex traffickers, by money launderers, ransomware. So, I just don’t feel great about Bitcoin.” Jamie Dimon, CEO of America’s largest bank says: "You're going to have some kind of digital currency at one point. So I'm not against crypto. You know, Bitcoin itself has no intrinsic value. It's used heavily by sex traffickers, money launderers, ransomware." "So I just don't...