Rep. Sheri Biggs disclosed a purchase of up to $250,000 in BlackRock’s iShares Bitcoin Trust ETF for the second time in a year.
The bitcoin move spread to other major cryptocurrencies, lifting the total market cap back above $2.7 trillion.
Bitcoin climbed above $76,100 to a two-month high, while U.S. equities recovered most of their losses tied to the conflict in Iran.
Iran is reportedly open transit tolls paid in bitcoin and crypto for ships crossing the Strait of Hormuz amid volatile ceasefire.
DDC is continuing to build its bitcoin position despite falling short of earlier, more aggressive accumulation targets.
Crypto-linked equities outpaced the broader market rally, with Gemini shares jumping about 34% and Coinbase climbing roughly 15%.
The rally marks one of the strongest single-day rebounds in weeks, snapping a steady slide that had pushed bitcoin down sharply from its October highs.
Nearly $360 million in crypto long positions were liquidated in an hour, according to Coinglass' heatmap based on available data.
The filing provides little detail on the firm or its funding source, leaving the identity of the ultimate investors behind the IBIT position unclear.
Strategy continues expanding its bitcoin holdings even as its treasury value sits below total acquisition cost following the recent pullback.
Canaan's hardware shipments hit a record level in the quarter, helped by large North American mining orders.
Bitcoin's drop below Strategy’s roughly $76,000 average purchase price has pushed its holdings back into an unrealized loss.
Crypto liquidations topped $1 billion as leveraged long positions were flushed during the slide and the market cap dropped below $3 trillion.
Attention is shifting beyond rate moves, with investors focused on Fed leadership and political signals shaping the 2026 policy outlook.
Traders are monitoring US operations in Venezuela, looking for signs of a strategic entry into the nation’s oil sector, one analyst said.
Traders are shifting expectations, with futures markets pricing a nearly 40% chance of another cut by March despite the Fed’s cautious tone.
Vanguard lifted its ban on crypto ETFs, and Bank of America is giving 15,000+ advisers the green light to recommend allocations of 1%–4%.
Still, analysts predict upside from Fed's December rate cut decision, with the odds of a 25 basis point cut having increased recently.
Market structure remains fragile, and bitcoin is expected to consolidate within a tight range of $85,000 to $90,000, analysts said.
Bitcoin sits roughly 5% below its 2025 open, and analysts say market positioning points to further downside.
One analyst noted $80,000 as a critical threshold, where a break below could lead to lows of around $74,000 seen in February.
Market experts forecasted a liquidity expansion as the US government resumes normal operations, which is expected to improve prices.
Hopes for a December interest rate cut have dwindled due to growing internal conflict among Federal Reserve officials over the decision.
Her comments come as institutions recalibrate BTC forecasts, with Galaxy turning cautious and JPMorgan projecting renewed upside.
Galaxy Digital says bitcoin’s “maturity era” has slowed upside momentum as whales offload and ETFs absorb supply.
Nasdaq-listed Sequans sold 970 bitcoins, cutting its bitcoin reserves to 2,264 BTC and halving its debt load.
As prices recovered on positive macro signals, nearly $350 million worth of short positions were liquidated in the past day.
One analyst said the key resistance level stands at $111,000, where a break above could drive prices even higher.
Metaplanet bought 5,268 BTC for around $623 million, pushing its total holdings to 30,823 BTC.
One analyst said bitcoin's key support level sits at $100,000 and a breach would trigger a broader liquidity crunch.