Author: Anthony M. Orbison

Tabit Insurance SCC has announced the capitalization of a $40 million insurance facility, funded entirely in Bitcoin, according to a press release sent to Bitcoin Magazine. This marks the first time a property and casualty (P&C) insurer has held all of its regulatory reserves in BTC while continuing to denominate its insurance policies and premiums in U.S. dollars. The company expressed the benefits of its funding approach, allowing regulators and auditors to verify reserves in real time. According to Tabit, its use of BTC as capital is intended to provide an alternative source of capacity for the insurance industry. The…

The growth of the cryptocurrency sector has been one of the key developments in the United States already this year. That has led many of the asset classes’ biggest believers to double down on the market’s potential. Chief among them is Michael Saylor, whose Strategy has purchased another $584 million worth of Bitcoin.Formerly known as MicroStrategy, the Saylor-led firm has been one of the foremost BTC believers. Indeed, the firm was among the first to adopt an accumulation strategy that embraced the upside of the leading cryptocurrency. Now, with its latest purchase, the firm’s holdings have surpassed 500,000 Bitcoin in…

XRP and Solana led all altcoin-based exchange-traded product (ETP) inflows during the week ending March 21, with $6.71 million and $6.44 million respectively, according to digital asset investment firm CoinShares.Other altcoin inflows were comparatively modest, with Polygon (MATIC) logging $400,000 and Chainlink (LINK) adding $200,000.Sentiment toward altcoins remained mixed overall, as Ether (ETH) alone saw significant outflows totaling $86 million. Other notable outflows included Sui (SUI), with $1.3 million, Polkadot (DOT), with $1.3 million and Tron (TRX) with $950,000.Despite Ether’s substantial outflows dragging down the altcoin sector, digital assets collectively reversed a five-week streak of net outflows, registering inflows of…

Business intelligence company Strategy has purchased an additional $584 million worth of bitcoin, increasing its total holdings to over half a million BTC. Strategy acquired 6,911 bitcoin between March 17-23 at an average price of $84,529 per coin. This brings the company’s bitcoin reserves to 506,137 BTC purchased at a cost of $33.7 billion. Strategy has been aggressively accumulating bitcoin since 2020 under the direction of CEO Michael Saylor. The company views bitcoin as a long-term store of value to hedge against inflation and global uncertainty.Funds for this latest bitcoin purchase came from Strategy’s sale of 1.975 million shares of…

White House is scaling back tariffs as the Trump administration is shifting toward a more targeted approach for its April 2 implementation. This change has boosted Bitcoin prices and also helped ease some of the economic uncertainty in crypto markets lately. Bitcoin gained about 2.7% after those recent reports that the administration would likely skip over sector-specific duties while still going ahead with “reciprocal tariffs” on major trading partners.Also Read: Shiba Inu: AI Predicts SHIB’s Price For March 31st, 2025How White House Tariff Cuts Affect Crypto, Markets & Trade PolicySource: ForkastThe shift from what was expected to be a broader…

Bitcoin (BTC) price has been consolidating in a wide range between $76,600 to $87,500 since March 11. According to technical and onchain indicators, Bitcoin’s consolidation may continue for some time. The key question that remains is when Bitcoin will break out of the current multiweek range.XRP/USD daily chart. Source: Cointelegraph/TradingViewBTC price must reclaim $90K to end consolidation Bitcoin may continue consolidating in its current range for a bit longer, particularly if $90,000 is not reclaimed, says one popular crypto analyst.In a March 23 post on X, market analyst Daan Crypto Trades said:Since March 11, BTC price action has been “choppy,” failing to…

After much deliberation and delay, Bitcoin has finally displayed signs of rejuvenation, with BTC slowly inching towards claiming the $87K price mark. The token was earlier trading around the $84K price pedestal and was struggling to move past the critical price point. As of now, the token is sitting at $86K, up 3% in the last 24 hours. Can BTC truly hit a new time before the end of Q1, 2025? Let’s find out.Also Read: White House Scaling Back Tariffs—Here’s What It Means for YouBitcoin: What’s Next?Source: Watcher GuruBitcoin is currently sitting at $86K at press time, up 3% in…

Bitcoin heads into the end of Q1 near two-week highs as trader sentiment diverges from improving technicals.Bitcoin (BTC) market participants are positioned for a fresh BTC price dip, which could even form new multimonth lows.PCE week coincides with the last full trading week of March, and risk assets are showing a hint of optimism.When it comes to BTC price strength, RSI is increasingly demanding bullish continuation.Bitcoin’s short-term holders are under pressure amid serious unrealized losses.Stablecoin stocks on Binance hit record highs in what research hopes is a positive signal for investor confidence.Bitcoin traders see downside reversal nextBitcoin is nearing a…

While a major portion of leading investment banks are eyeing cryptocurrency investments, will Switzerland’s Central Bank follow suit? The Vice President of Swiss Bank, Martin Schlegel was asked if the institution plans to keep Bitcoin in its reserves. The question comes after US President Donald Trump showed interest this year in diversifying the reserves with leading cryptocurrencies. The mounting international attention towards BTC is making larger financial institutions take note of the broader cryptocurrency market.Also Read: How Much Bitcoin (BTC) Does North Korea Hold?Bitcoin: Will the Swiss Bank Start Buying BTC?Source: ReutersDuring an interview with Bloomberg Television, Schlegel confirmed that…

An idea to tokenize or track US gold reserves to make their movements transparent on a blockchain won’t work in the same trustless way as Bitcoin does, but doing so could help the cryptocurrency, says a research analyst.Greg Cipolaro, global head of research at New York Digital Investment Group (NYDIG), said in a March 21 note that Trump administration officials, including Elon Musk, have floated using a blockchain to track US gold and government spending — an idea supported by crypto executives.“Here’s the thing about blockchains. They’re not very smart,” Cipolaro said. “They’re limited in the information they convey. For…