Throughout the last 10 years, Bitcoin’s price has remained resilient to war and armed conflict. As the conflict between Israel and Iran escalates, Bitcoin’s (BTC) price has remained stable. A look back at previous conflicts shows a similar trend, with factors like adoption and institutional involvement playing a key role. Analysts like André Dragosch, head of research at Bitwise’s ETP platform ETC Group, have argued that Bitcoin’s price can suffer in the days following the outbreak of a conflict. While volatility in BTC’s price is overall on a downtrend, it is still seen as a risky asset and is likely to be sold quickly when a war breaks out. Read more
Eight crypto exchanges, custodians and wallets have joined a group formed to accelerate the adoption of tokenized assets. Decentralized finance platform Ondo Finance has announced the formation of the Global Markets Alliance — an industry partnership with eight cryptocurrency wallets, custodians and exchanges — aimed at accelerating the adoption of onchain financial assets. Announced Tuesday, the alliance includes the Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca. Ondo’s announcement suggested that more companies could soon join the alliance. Read more
Bitcoin order book liquidity spoofing is back as analysis says that a key BTC price event is still "brewing." Can bulls protect $104,000? Key points: BTC price weakness accelerates after the Wall Street open as analysis warns of a “rug pull” at $104,000. Bitcoin bulls have done their best to avoid panic reactions to downside volatility triggers. Read more
Michael Saylor turned a software company into a Bitcoin powerhouse by converting corporate reserves into digital gold. Saylor’s thinking was driven by a deep concern about the future of fiat currency. When Michael Saylor, then CEO of Strategy, announced in August 2020 that his business intelligence firm was adopting Bitcoin (BTC) as its primary treasury reserve asset, many saw it as a radical (even reckless) decision. Read more