#Bitcoin rebounds after Square, MicroStrategy purchases

#Bitcoin rebounds after Square, MicroStrategy purchases

“#Bitcoin rebounds after Square, MicroStrategy purchases” Bitcoin climbed back above the $50,000 mark Wednesday after getting another vote of confidence from major companies not named Tesla. The world’s biggest cryptocurrency recovered from its steep Tuesday plunge to trade up 4.1 percent at $50,710.12 as of 8:11 a.m. after climbing as high as $51,445.67 overnight, according…

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# MicroStrategy purchases another  billion worth of Bitcoin, now owns 90,000 BTC

# MicroStrategy purchases another $1 billion worth of Bitcoin, now owns 90,000 BTC

“# MicroStrategy purchases another $1 billion worth of Bitcoin, now owns 90,000 BTC ” Business intelligence firm MicroStrategy increased its Bitcoin (BTC) holdings by 27% on Wednesday after purchasing an additional 19,452 coins, taking its total haul to 90,531 BTC. Announced on the company’s website on Wednesday, the coins were reportedly purchased for approximately $52,765…

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# 3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction

# 3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction

“# 3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction ” The price of Bitcoin (BTC) quickly recovered from around $44,800 to over $50,000 within merely 22 hours.  Behind the rapid recovery are three major factors, including low funding rates, Square’s $170 million Bitcoin purchase, and the spot market stabilizing. Bitcoin futures…

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# Bitcoin price retakes K as investor voices relief at ‘healthy correction’

# Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’

“# Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’ ” Bitcoin (BTC) hit back to reclaim $50,000 on Feb. 24 amid fresh bullish comments from major investors. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price exits $40,000 range Data from Cointelegraph Markets and TradingView tracked a 14% rise from Tuesday’s lows over…

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# Whales offloaded 140K Bitcoin this month: Glassnode

# Whales offloaded 140K Bitcoin this month: Glassnode

“# Whales offloaded 140K Bitcoin this month: Glassnode ” According to a new report from crypto market data aggregator, Glassnode, Bitcoin whales offloaded massive amounts of BTC during February. Glassnode defines any address that holds between 1,000 BTC and 10,000 BTC as a “whale”, while “humpback whales” hold more than 10,000 BTC. The report found…

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# Congress worries crypto used to fund domestic terrorism, Capitol insurrection

# Congress worries crypto used to fund domestic terrorism, Capitol insurrection

“# Congress worries crypto used to fund domestic terrorism, Capitol insurrection ” A U.S. Congress subcommittee is investigating if domestic extremists are turning to cryptocurrency as a source of funds for their activities. On Feb. 25, the Subcommittee on National Security, International Development, and Monetary Policy will hold a hearing titled “Dollars Against Democracy: Domestic…

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# Indian banks put crypto traders’ accounts under the microscope

# Indian banks put crypto traders’ accounts under the microscope

“# Indian banks put crypto traders’ accounts under the microscope ” Cryptocurrency traders and investors in India are among the latest casualties in an increasing trend of personal account closures by global banking operations.  India’s parliament is currently contemplating a nation-wide crypto ban which local industry critics, such as former Coinbase CTO Balaji Srinivasan have…

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