NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Bitcoin Holds $50,000 on Global Corporate FOMO; What to Expect?

Alizeh Ilyas
Alizeh Ilyas
10 months ago
2 mins read
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

An early morning sell-off in the Bitcoin market hinted at calming down after more corporates revealed their investments into the cryptocurrency.

Meitu, renowned globally for its photo editing app, incorporated $17.9 million worth of Bitcoin and $22.1 million worth of Ether (the native cryptocurrency of the second-largest blockchain project, Ethereum) into its balance sheet.

In a press release published Sunday, the Chinese firm said it sees the two cryptocurrencies as viable diversifications to cash, reiterating the popular store-of-value narrative that propelled the Bitcoin price higher by more than 1,200 percent against a bearish US dollar. Earlier in February, US carmaker Tesla had also used the same reason for investing $1.5 billion in Bitcoin.

“Holding cash is subject to depreciation pressure due to aggressive increases in money supply by central banks globally,” the Meitu press release noted.

Retaining Uptrend

Bitcoin rose above $51,800 on Sunday, also as the US Senate voted majority in favor of President Joe Biden’s $1.9 trillion stimulus bill. Nevertheless, higher valuations prompted traders with short-term risk appetite to secure early profits, leading to a price correction in the early Asian trading session on Monday.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT
Bitcoin holds support above its recently flipped descending trendline resistance. Source: BTCUSD on TradingView.com

The cryptocurrency fell to as low as $49,238 ahead of the London morning bell, only to pare a portion of its intraday losses as the session matured. The short-term bullish revival came in the wake of the news of another corporate investing in Bitcoin.

Norwegian holding company Aker ASA announced that it is launching a new wing called Seetee AS. The firm’s press release stated that it would invest in projects and companies throughout the Bitcoin ecosystem through Seetee, for which it allotted 1,170 BTC as default capital reserves. At the current exchange rates, they are worth around $59 million.

Aker partnered with blockchain development firm Blockstream for Seetee.

“We will be hodlers,” said Øyvind Eriksen, President and CEO of Aker ASA.

Yield FUD Sustains

Bitcoin was down 1.33 percent ahead of the New York opening bell despite the optimistic news.

So it appears, the cryptocurrency’s upside bias faced headwinds an ongoing sell-off in the government bond market. Of late, rising yields on long-dated US Treasuries sapped investors’ demand for pandemic winners like bitcoin, tech stocks, and gold.

On the other hand, a faster vaccination program and additional fiscal stimulus prompted investors to believe that the US economy would rebound speedily. That resulted in a capital outflow from seemingly overvalued assets to sectors that would benefit the most from the economy’s reopening. These winners include banks, energy, travel, and hospitality.

US Treasury, US government bonds, US10Y, US 10-year Treasury note
US Treasury yields rise on Monday. Source: US10Y on TradingView.com

Nasdaq-100 futures fell 1.5 percent in pre-market trading on Monday, pointing to tech stocks extending losses. Bitcoin remained correlated with the tech-heavy index in the short-term.

But hardcore crypto bulls remained convinced that inflation would push corporates, investors, and traders back into the Bitcoin market. Teddy Cleps, an independent analyst, stated that he expects BTC/USD to hit $60,000 in the coming sessions.

Tweet123Share196ShareSend
Alizeh Ilyas
Alizeh Ilyas

Alizeh Ilyas

With over 3 years of crypto writing experience, Alizeh Ilyas have a deep understanding of cryptocurrencies, blockchain, Fintech, web3, crypto market analysis, predictions, and more. Her passion for innovation shines through her work. Keeping a keen eye on the future of digital finance, she bridges gaps between technology and readers.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Altcoin, solana

Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Strategy

Nasdaq-listed firm Helius Medical Technologies Inc. unveiled the launch of a $500 million Solana-focused Digital Asset Treasury (DAT) backed by...

Rubmar Garcia 4 hours ago
Crypto

Crucial Ten Days Ahead For Crypto: Will They Ignite Mega Altcoin Season?

As Bitcoin (BTC) leads the ongoing consolidation phase in the crypto market, analysts are closely watching the next ten days...

Ronaldo Marquez 5 hours ago

SkinsLuck透明化改革引爆CS2賭場革命 黑箱時代結束玩家不再盲賭

當CS2皮膚價值在2025年持續飆升,過去那種以「隨機算法」為名的黑箱操作,終於開始崩解。SkinsLuck的重新登場,正是在這樣的背景下打開一條新路。這不是單一網站的成功,而是一種邏輯的轉向——從模...

Kelvin Lee 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Saylor’s $73B Bitcoin Move Ignites Crypto—Why Strategy Could Make ‘Hyper’ the Next Big Thing

Saylor’s $73B Bitcoin Move Ignites Crypto—Why Strategy Could Make ‘Hyper’ the Next Big Thing

Aaron Walker 27 minutes ago
Bitcoin

Bitcoin Inflows In Last 1.5 Years Surpassed First 15 Years Combined: Data

Keshav Verma 2 hours ago
Bitcoin

Analyst Raises Red Flags On Bitcoin Price: Allegations Of Market Manipulation

Ronaldo Marquez 3 hours ago

Premium Sponsors

Press Releases

  • 5 kryptoměn, které je třeba sledovat v listopadu kvůli potenciálnímu růstu o 5 000 %

    5 kryptoměn, které je třeba sledovat v listopadu kvůli...

    11 hours ago
  • Kterou kryptoměnu koupit nyní | Nejlepší kryptoměny k investování v roce 2025

    Kterou kryptoměnu koupit nyní – Nejlepší...

    12 hours ago
  • 5 kriptovaluta koje treba pratiti u studenom zbog potencijalnog rasta od 5.000%

    5 kriptovaluta koje treba pratiti u studenom zbog...

    12 hours ago
  • Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17. září o úrokových sazbách

    Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17...

    12 hours ago
  • Najlepšie kryptomeny na investíciu v roku 2025

    Ktorú kryptomenu kúpiť teraz | Najlepšie kryptomeny na...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.