Bitcoin fell 8.6 percent on Thursday to under $36,000. The cryptocurrency is down more than 30 percent over the past two weeks and has fallen roughly from its recent highs.
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For comparison, Facebook’s market cap was $753 billion on Thursday afternoon, while Apple Inc.’s was $702 billion—both significantly higher than Bitcoin’s current worth.
The widespread unwinding of risk assets has hit the cryptocurrency market part…
The company’s CEO said that if the bitcoin price drops below $21,000, they would have to sell some of their holdings because they cannot afford to buy back the shares using only cash.
MicroStrategy (NASDAQ: MSTR) has been around for three decades. Over that time, the company has developed and deployed a series of business intelligence software solutions to help its customers gain insight into their businesses.
The company’s first-quarter…
In the midst of a bear market, OlympusDAO is continuing its long-term plan to revive its project.
The company’s native OHM token has been on a steady decline since March 2022, when it reached a high of $1,300 per token. The price has since fallen by 98%, trading near $20; meanwhile, OlympusDAO’s staking rewards have shrunk from 6% in the first months after its launch to 2% now.
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The company’s stakers are growing increa…
Fidelity will allow its retirement plan clients to invest in Bitcoin, the company announced on Monday.
The move is a historic moment for Bitcoin and cryptocurrency as a whole. Americans saving for retirement will now be able to allocate up to 20% of their 401(k) accounts to Bitcoin.
Fidelity was quick to point out that the new policy is not an endorsement of the cryptocurrency, but more of a reflection of their customer’s needs. Fidelity…
