Bitcoin & Cryptocurrency News

Bitcoin is holding around the upper-$70,000 range while several major traditional markets face significant moves. Oil has climbed above $90 a barrel, government bond yields have risen, stocks have fallen and gold has dropped sharply. Bitcoin has traded between roughly $76,000 and $80,000 following Friday’s decline. The contrasting moves put Bitcoin alongside some of the biggest developments across global markets this week. Oil Breaks Above $90 WTI crude oil futures have climbed above $90, gaining nearly 9% over the past week. The move comes alongside rising government bond yields across several major economies. The U.S. 10-year Treasury yield has climbed

Geopolitical tensions are back in focus after the latest escalation between the U.S. and Iran sent oil higher and stocks lower. Bitcoin, meanwhile, barely moved.BTC traded around $78,000 during Asian hours following a U.S. attack on an Iranian island in the Strait of Hormuz, one of the world’s most important oil shipping routes. Iran responded with retaliatory action, adding further pressure to a region already disrupted by months of conflict.WTI crude futures jumped nearly 2% to around $85 per barrel, while Brent climbed 1.9% to above $92. Nasdaq futures slipped around 0.5% alongside losses across Asian equity markets. Gold fell

Michael Saylor’s Strategy is buying Bitcoin again.After nearly two months without a purchase, Strategy (MSTR) returned to Bitcoin buying last week, purchasing 4,603 BTC for approximately $369.7 million.The company paid an average of $80,318 per Bitcoin, marking its first Bitcoin acquisition since late June. Strategy Adds 4,603 Bitcoin The purchase was funded through the sale of approximately $602.8 million in Strategy common stock.Of those proceeds, roughly $369.7 million went toward Bitcoin, while another $151.8 million was used to repurchase shares of Strategy’s STRC preferred stock. The remaining proceeds were added to the company’s cash reserves.With the latest acquisition, Strategy now

Bitcoin moved back above $80,000 on Thursday as U.S. spot Bitcoin ETFs continued recording billions of dollars in inflows and digital assets moved higher alongside U.S. technology markets.Bitcoin gained more than 1% over the previous 24 hours, reclaiming the $80,000 level on August 27. The move comes during a period of renewed activity across U.S. spot Bitcoin funds, which have taken in approximately $2.8 billion since the latest run began. Bitcoin Reclaims $80,000 Bitcoin returned above $80,000 during Thursday trading, putting the world’s largest cryptocurrency back above a major price level after its recent market recovery.Bitcoin remains approximately 37% below