Author: Admin-aX9d7
El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development.El Salvador signed a letter of intent to collaborate with Nvidia on “sovereign AI to drive innovation and economic growth,” the National Bitcoin Office (ONBTC) of El Salvador announced on X on April 21.As part of the collaboration, El Salvador will benefit from Nvidia’s AI tools, resources and expertise, enabling the development of sovereign AI capabilities targeting priorities related to culture, language, environment and economy.“El Salvador will focus on building domestic AI…
Bitcoin (BTC) options open interest expanded from $30.33 billion on April 21 to $37.92 billion on April 24, a 25% jump that outpaced Bitcoin’s 5.5% rise from $87,506 to $92,352 over the same stretch. Such a swift build in notional exposure shows traders rushing to add convex positions rather than thickening linear futures books. This shift often precedes sharp spot moves once dealers start adjusting delta hedges. Graph showing the open interest for Bitcoin options from April 2 to April 24, 2025 (Source: CoinGlass) Deribit’s strike sheet explains the mood. The largest concentration sits at $100,000, where 17,420 call contracts…
Bitcoin mining has come a long way since the days of GPUs and basement set ups. In that time, miners have advanced in countless ways. For example, ASICs are now the standard, not GPUs. Furthermore, enterprise grade players have entered the field, opening new frontiers and bringing with them the size and institutional recognition that opens the doors to otherwise unreachable places for smaller miners. Nowadays, the mining landscape is one where grid services, curtailment strategies, and energy market participation are no longer edge cases but core strategies. As the world around it has moved forward, there’s one question we…
In brief Ark Invest predicts that Bitcoin could hit a price of as much as $2.4 million per coin by 2030. At worst, the firm predicts a bear case of around $500,000 in the next five years. Prominent technology investor Cathie Wood’s Ark Invest released an updated Bitcoin price target, outlining a path for the top cryptocurrency to reach a price of as much as $2.4 million per coin by 2030. Released on Thursday, the latest report levels up Ark’s previous price predictions from its annual Big Ideas report, which used total addressable markets (TAM) and penetration rate assumptions to determine…
Bitcoin (BTC) continued its spring rally on Friday and is on track for its strongest weekly showing since Trump’s election victory.The largest and oldest cryptocurrency held around $95,000 during U.S. afternoon hours, up 1.8% over the past 24 hours. Ethereum’s ether (ETH) followed closely, gaining 2% to hover just over $1,800. Sui’s native (SUI), Bitcoin Cash (BCH), and Hedera’s HBAR led gains in the broad-market crypto benchmark CoinDesk 20 Index.Bitcoin price on April 25 (CoinDesk) Today’s gains cap an exceptional momentum for crypto markets recovering from the early April lows amid tariff turmoil. BTC is up over 11% since Monday,…
Spot Bitcoin exchange-traded funds (ETF) in the United States saw over $3 billion in inflows this week, marking the first full week of consecutive inflows in five weeks.On April 25, the 11 spot Bitcoin (BTC) ETFs saw $380 million in inflows, bringing the total for the week to around $3.06 billion over five consecutive inflow days, according to Farside data. The last time spot Bitcoin ETFs had a full week of inflow days was the week ending March 21.Strong inflow week turns April into positive monthETF analyst Eric Balchunas said in an April 24 X post that “ETFs are on…