Price: $67,583 | Last Year: $25,902

"I have never in my life learned anything from any man who agreed with me." -Dudley Field Malone

Bitcoin settles after wild inflation and interest rate roller coaster; giving back gains as ‘hawkish’ Fed costs bulls a trip to $70K. Bitcoin is now trading in its “longest” consolidation period, but the longer the consolidation, the “larger the expansion,” according to traders. Bitcoin whales scoop up $1.4B in 24 hours amid market correction.

Nasdaq-listed business intelligence firm and bitcoin holder MicroStrategy (MSTR) announced Thursday that it intends to offer $500 million aggregate principal amount of convertible senior notes due 2032, proceeds of which will be used to acquire additional bitcoin and on other corporate affairs.

The Electric Reliability Council of Texas' (ERCOT) CEO Pablo Vegassaid in Senate testimony that the state's grid capacity will need to double in the next decade to handle demand, while the Lieutenant Governor of Texas says more scrutiny is coming for this industry. Bitcoin miners rise 10% after Trump promises to back US miners.

Podcast: Can Donald Trump Make Bitcoin Great Again?

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Podcast of the Day: Bitcoin Ossification Debate with Vijay Boyapati and Reardencode SLP583

OTHER NEWS

Ethereum (ETH) has declined to around $3,500, but analysts predict potential new all-time highs due to positive technical indicators. Metrics such as negative exchange netflow and a low RSI suggest reduced selling pressure and possible price recovery.