Key takeaways: Possible de-risking ahead of the May 13 CPI print could be playing a role in today’s BTC price correction. Bitcoin market structure and qualitative fundamentals remain bullish, suggesting today’s correction could be short-lived. Bitcoin (BTC) price briefly stumbled on May 12, falling to $102,388 after hitting an intraday high at $105,819 during the …
Author Archives: pdgweb
US real estate asset manager launches $100M tokenized fund with institutional backing
Patel Real Estate Holdings (PREH) has launched a $100 million tokenization fund on the Chintai blockchain, aiming to give accredited investors access to institutional-grade real estate opportunities. The new PREH Multifamily Fund is a tokenized investment vehicle focused on vintage Class A multifamily units across the top 20 US growth markets, the company told Cointelegraph …
Will Bitcoin hodlers be the reason more countries adopt wealth taxes?
Opinion by: Robin Singh, CEO of Koinly Is there a catch for Bitcoin hodlers, with the asset’s price up over 600,000% since the beginning of 2013? Perhaps — if governments keep waking up to Bitcoin’s value, the whole “you only pay tax when you sell” mantra could soon be a thing of the past. What …
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Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high
Key points: Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news. Nearby order book liquidity forms potential targets for traders, which now include $102,000. A classic moving average retest suggests that a new all-time high should result. Bitcoin (BTC) stuck to $104,000 at the May 12 …
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Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high
Key points: Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news. Nearby order book liquidity forms potential targets for traders, which now include $102,000. A classic moving average retest suggests that a new all-time high should result. Bitcoin (BTC) stuck to $104,000 at the May 12 …
Continue reading “Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high”
Trump-linked miner American Bitcoin going public via Gryphon merger
Bitcoin mining firm American Bitcoin is going public through a merger with crypto mining company Gryphon Digital Mining, the companies announced on May 12. Under the terms of the deal, Gryphon Digital Mining will acquire American Bitcoin in a stock-for-stock transaction. After the merger, the new company will operate under the American Bitcoin brand and …
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Bitcoin, altcoins poised to rally on US-China tariff agreement
A 90-day tariff agreement between the US and China may set the stage for a broader recovery of stock and cryptocurrency markets, as investors look ahead to a potential tax relief package. The White House announced on May 12 that the two countries will reduce their respective tariffs to 10% for an initial 90-day period …
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Strategy added 13,390 Bitcoin for $1.34B as price topped $100K
Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week. Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm announced in its filing with the US Securities and Exchange Commission published on May 12. The acquisition has increased Strategy’s total Bitcoin …
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Nakamoto Holdings merges with KindlyMD to build Bitcoin treasury
Healthcare services provider KindlyMD merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury. According to a May 12 announcement, Nakamoto Holdings — a new company founded by David Bailey, a crypto adviser to US President Donald Trump — plans to build the first global network of Bitcoin (BTC) treasury companies in partnership …
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DeGods NFT founder steps down as collection gains traction
The creator of the non-fungible token (NFT) collection DeGods announced that he has stepped down as the CEO of the project amid an uptick in sales. Rohun Vora, known online as “Frank DeGods” on X, said he has stepped down as the project’s CEO, concluding a three-year stint as the head of one of the …
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