The last few days have been dominated by positive news around Bitcoin and its resurgence past the $100,000 mark. The march was fueled by several factors such as institutional investments and speculative news around the United States starting trade talks with China. Crypto ETFs are gaining traction with both BlackRock and Goldman Sachs upping their Bitcoin holdings, with BlackRock notably making an amendment in its Bitcoin ETF filing regarding quantum risk disclosure. Endorsement also came from White House with Vice President JD Vance set to speak at Bitcoin 2025 conference.
Bitcoin miner MARA has reported stock surges despite missing earnings, acknowledging their efficient cost-cutting measures. Another important development is the Strategic Bitcoin Reserve ticking off in several states with New Hampshire taking the lead, followed by Arizona. Skepticism still remains as States like Florida are rejecting Bitcoin schemes.
Well-known figures such as Ric Edelman and Bill Miller are seeing promise in the currency, with CEO of Ark Invest, Cathie Wood, sticking to her bold prediction of Bitcoin reaching $700,000. Coinbase continues its trend of buying BTC, rejecting Michael Saylor's strategy, and striking a lucrative $2.9 Billion Deal.
Bitcoin News Analytics from Sat, 03 May 2025 13:01:36 GMT to Sun, 11 May 2025 01:01:00 GMT - Rating 8 - Innovation 5 - Information 7 - Rumor -3
