Tag: bitcoin

New Hampshire Becomes First State to Enact BTC Reserve Legislation

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New Hampshire made history as the first U.S state to enact a strategic Bitcoin reserve bill into law.

 

In a historic moment, the U.S. state of New Hampshire has caught global attention following its completion of the strategic Bitcoin reserve legislation process.  After passing the committee stages, the state’s Bitcoin bill, HB302, was passed to Governor Kelly Ayotte for signing. Following her signature on the 6th of May,2025, the legislation is officially a law.

According to her official announcement on X (formerly Twitter):

 

New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals.

 

This Law makes New Hampshire the first U.S. state to allow its treasury to invest up to 5% of its reserves in Bitcoin, the “digital gold,” and other precious metals. Arizona has been leading the strategic reserve race, but lags following Governor Hobbs’ veto.

This law comes as a bold step to appreciate and advance the role of digital assets in the evolving digital finance and global payments. While other states progress through their committee stages, New Hampshire goes down in history as a champion of digital assets and the financial revolution in the crypto space.

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KULR Technology Group Adds 42 Bitcoins amid Impressive YTD Gains

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Public company, KULR Group, has added 42 bitcoins to its reserves while recording impressive 197.5% gains YTD.

 

KULR Technology Group, the public company that provides energy management solutions for aerospace, space, and defense applications, has revealed surprising returns on BTC investment. According to its latest announcement, KULR Group has accumulated 42 more Bitcoins, bringing its total holding to 716.2 BTC. Per the CEO & Co-founder, Michael MO on x (formerly Twitter);

 

KULR has acquired 42 BTC for ~ 4 million at ~ $94,403 per #bitcoin and has achieved BTC Yield of 197.5% YTD. As of 5/6/25, we hodl 716.2 $BTC acquired for ~ $69million at ~ $96,342 per bitcoin. $KULR

 

With over $69 million worth of BTC in its treasury, KULR has recorded a 197.5% year-to-date (YTD) yield, signaling how strategic BTC investments could shape a company’s revenue. Global Companies are accumulating Bitcoin for their reserves in a bid to leverage the growth of digital assets in the coming years.

Investors are impressed by KULR’s investment strategy as Bitcoin’s bullish momentum gains strength. The yield positions the company among the top bold believers of BTC’s long-term growth and its role in the shifting digital economy.

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BlackRock Weekly Bitcoin Accumulation Hits $2.5 Billion

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Blacrock has been accumulating Bitcoin at a high rate, signaling heightened institutional demand and adoption.

 

BlackRock, the world’s largest asset manager, with around $11.58 trillion in assets under management, has caught the market’s attention following its bold Bitcoin strategy. The institution’s rate of BTC acquisition has raised eyebrows as investors anticipate a bullish rally and potential market supply shock driven by demand.

According to on-chain data, Blacrock has acquired BTC worth $2.5 billion in just one week. In the past 7 days, there have been multiple transactions from Coinbase Prime to the IBIT ETF wallet, suggesting aggressive accumulation.

 

Source :X

 

What does this mean for BTC?

As traditional investors seek exposure to Bitcoin through ETFs, institutional acquisition of BTC is projected to rise in the following months.  With Bitcoin exchange supply draining steadily, the market could see a supply shock triggering a BTC rally towards the $100k mark and beyond.

Additionally, this suggests growing mainstream crypto adoption. Bitcoin is joining traditional balance sheets while positioning itself as a hedge against inflation and economic uncertainity.

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BTC Whale Wallet Shorts Market with $119.7M amid Bullish Momentum

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A Bitcoin whale has opened a bold $119.7 million short position amid BTC’s strengthening bullish momentum. What does this whale know?

 

Bitcoin is flashing signs of strengthening bullish momentum as institutions rush to accumulate the “digital gold” for their strategic reserves. Bitcoin maximalists and analysts have argued that BTC could cross the psychological $100k for the last time and might never drop below it again. Despite the BTC’s bullishness, a whale has caught the market’s attention after entering a massive short position.

 

BTC is trading at around $95,557 with a 16.61% surge in trading volume over the past 24 hours, at press time, per CoinMarketCap. According to On-chain data, the whale wallet has executed its $119.7 million short position using 40X leverage. The entry price is $95,381 with liquidation set at $102,340.

Source: X

 

As Bitcoin’s price rises, the whale’s bet could signal a possible resistance ahead. This could mean an incoming bulls and bears battleground in the $95k-$102k range as BTC rallies in this zone. With the liquidation level set just 7% above the entry, this whale could be banking on BTC’s short-term pullbacks.

Traders are digging for insightful on-chain data and observing substantial market inflows for more clues, while retail sentiment remains bullish.

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Ivy League Brown University Goes Crypto With 4.9M Bitcoin ETF Buy

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Beyond its 260-year-old educational excellence, Ivy League Brown University has joined institutional smart money, making bold steps into the “digital gold” rush.

 

May 2- One of the 8 oldest educational institutions (Ivy League schools) in the United States has announced its strategic step into the digital assets market. Brown University has signaled confidence in crypto assets as the mainstream finance sector faces portfolio revisions.

In its recent 13F filing and portfolio disclosure, Brown University has revealed a smart money move by opening a $4.9 million position in the IBIT Bitcoin ETF, totaling 105,000 shares.

 

Source: Quiver Quantitative

 

What does this mean for BTC?

With Bitcoin Exchange Reserves declining, Bitcoin’s scarcity is rising, hinting at a potential supply shock in the next few months. Analysts have argued that with the rising institutional demand, 2025 could be the last year to buy BTC below $100k, considering its capped supply.

As institutions rush to accumulate the “digital gold”, an exponential bull rally could be on the cards in the next few months, with negligible price volatility marks.

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Bearish Sentiment Rises as 63.76% of Binance Traders Bet Against Bitcoin

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Latest data reveals a declining BTC long-to-short ratio as bears take charge of Binance trade positions.

 

Bitcoin traders on the world’s largest exchange by volume reveal a shift in market sentiment as Bitcoin approaches the psychological $100k Mark. Bitcoin is rallying towards $98,000, where short-term resistance exists before moving to $100k and above. According to recent data, 63.76% of traders on Binance have opened short positions for BTC price action.

 

 

Source: X

 

A low long-short ratio suggests prevailing bearish momentum in the market.  BTC is currently trading at  $96,989 with a nearly 1% increase in price over the past 24 hours, per CoinMarketCap. Bitcoin’s path to 100k could trigger major liquidations and some market volatility.

With the bulls and bears getting in a tug of war, the market is closely watching BTC’s price action at the current price for further insights. A Change in market sentiment could hint at price volatility soon.

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Bitcoin Miner Reserve Hit Lowest Levels as Miners Capitalize on Surging Price

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Bitcoin miners are capitalizing on BTC’s surging prices and have sold 943 BTC, reducing reserves to the lowest levels in 15 years.

 

As the Bitcoin price surges towards the psychological $100K, miners have taken advantage of the price increase to pocket profits. A look into the on-chain metrics reveals that miners have been capitalizing on BTC’s price rally, selling around 943 Bitcoins.

They have pocketed approximately $850 million between April 15 and April 28. The sell-off came during Bitcoin’s price rally from $84,000 to around $94,570.

 

Source: X

 

As a result of this capitalization, Bitcoin reserves have declined from approximately 1.8083 to 1.8081 million BTC in this period. This is the lowest since February 2010, 15 years ago.

Why are Miners Selling BTC?

Miners face pressure from increased operational costs that could trigger financial instabilities. The trade tariff war in April hit miners hard as equipment prices surged. Additionally, reduced block rewards post the Bitcoin halving event meant decreased income.

However, the rising institutional demand for BTC is absorbing the miner supply, and BTC’s rally remains unaffected by the sell-offs.

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Arizona Becomes First U.S State to Pass Strategic Bitcoin Reserve Legislation

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Arizona has made history by finalizing its committee stages to become the first U.S state to pass legislation allowing a strategic Bitcoin Reserve.

 

Bitcoin is solidifying its case as “digital gold” as the world faces a digital industrial revolution across various economic sectors.  While many people are unaware of this revolution, inflation and economic uncertainties in the global market have forced major financial giants and governments to reconsider future economic strategies. Digital assets have emerged as solutions to some of these challenges.

In a recent move, the U.S state has made a historical move, leading other state governments to adopt Bitcoin as a strategic reserve. According to the SB1025 bill, the state is set to integrate digital assets into government finance. The bill was passed with a 29-25 Senate vote outcome, sparking a wave of financial modernization in the U.S.

 

Source: X

 

The bill was introduced in the Senate by Senator Rogers and has cleared both houses, signaling Arizona’s stance on digital assets.  Arizona’s legislation outcome could trigger other states to hasten their adoption process, considering surging BTC prices in the market. As of press time, the bill awaits signing at the Governor’s desk, anticipating implementation.

 

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Crypto Market Weekly Capital Inflow Hit $9B amid Renewed Investor Interest

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The crypto market has seen a positive capital inflow of nearly $9 billion, suggesting heightened investor interest and confidence.

 

Following weeks of mixed signals, the crypto market is flashing signs of a boom. A fresh capital inflow into the market signals rising investor optimism and growing confidence in the brewing bullish momentum. Recent Glassnode data has revealed a $9 billion surge in positive capital inflow in the market.

 

Source: X

 

Bitcoin and Ethereum have led the market in capital inflow in the past week, with the stablecoin market rallying behind. When new capital enters the market, the prices of cryptocurrencies tend to surge as demand rises. Fresh capital inflow suggests potential accumulation of digital assets by both retail and institutional investors.

While the market may not see an immediate price upsurge, the rising demand could trigger price rallies in the next few days as the long-short ratio increases. Selling pressure tends to decrease as investors take note of the capital inflow metric in anticipation of higher gains.

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Greed and Fear Index: Crypto Market Sentiment Turns Neutral

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The fear and greed index is significant in determining the emotional state of investors to establish market valuation.

 

The crypto market has seen unprecedented volatility in the past few weeks, leading to extreme fear, with the values dropping to 19. However, CoinMarketCap has noted a shift in the market sentiment in the past 72 hours. The fear and greed index has surged to 53, a neutral zone value. This data is critical in establishing whether the market is undervalued(fear) or overvalued (greed).

 

Source: CoinMarketCap

 

Historically, the shift from fear to neutral comes before a period of steady market growth and bullish market rallies. This shift is evident in BTC’s rising prices while eyeing the psychological $100k mark.

The current value suggests that the market is not yet overvalued (greedy), has more potential for buying, and the bull rally is likely starting. With rising institutional interest and huge BTC demand from the U.S investors, the market is shifting to a healthier stage.

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