The post Sequans dumps $BTC reserve, pivots back to IoT chips after debt cleared appeared on BitcoinEthereumNews.com.
Paris-based chipmaker Sequans Communications has fully exited its bitcoin treasury, selling roughly 80% of its holdings to repay convertible debt and returning its full focus to semiconductors. Summary Sequans sold approximately 2,120 BTC over several months, leaving just 658 BTC fully unrestricted on its balance sheet. CEO Georges Karam says the move strengthens the company’s balance sheet and simplifies its capital structure. The company will now concentrate on scaling its 4G/5G IoT semiconductor, RF transceiver, and defense wireless application businesses. Sequans Communications, the Paris-listed chipmaker, announced Thursday the completion of all convertible debt redemptions tied to its bitcoin treasury, capping an abrupt reversal of the bitcoin accumulation strategy it launched less than a year ago. The company sold nearly 80% of its total Bitcoin (BTC) holdings to
The Bitcoin price is precariously moving along the bottom of its 4-month bear flag. A crash looks likely. Can anything still save the day, or are we about to witness the last bottoming stage of this Bitcoin bear market?
The post Bitcoin Price Could Be Near a Rebound: Here’s What Data Is Signalling appeared on BitcoinEthereumNews.com.
The post Bitcoin Price Could Be Near a Rebound: Here’s What Data Is Signalling appeared first on Coinpedia Fintech News Bitcoin may be closer to a rebound than its price action currently suggests. After days of choppy movement and growing caution across the market, fresh on-chain data is starting to reveal a deeper shift beneath the surface. Whale wallets have quietly returned to accumulation mode, recording their strongest buying activity in months even as billions … Source: https://coinpedia.org/price-analysis/bitcoin-price-could-be-near-a-rebound-heres-what-data-is-signalling/
The post Will Bitcoin lose $72K support as it enters a bearish channel amid ETF outflows? appeared on BitcoinEthereumNews.com.
Bitcoin has entered a bearish channel after slipping below key support levels as ETF outflows, rising oil prices, and renewed geopolitical uncertainty weighed on market sentiment. Summary Bitcoin has fallen into a bearish channel as more than $2.4 billion exits spot ETFs, and traders defend the key $72,000 support zone. Rising oil prices above $90 and renewed U.S.-Iran military tensions have added pressure to risk assets, including Bitcoin. Analysts warn that a break below $72,650 could expose Bitcoin to further downside, with the next major demand zone between $54,300 and $51,000. According to crypto.news data, Bitcoin (BTC) traded near $72,700 at press time after briefly falling toward the $72,600 region during early Monday trading. It remains down nearly 1.5% in the past 24 hours, 6% over the past week and 10% from May highs near $81,000, placing the crypto
Bitcoin has entered a bearish channel after slipping below key support levels as ETF outflows, rising oil prices, and renewed geopolitical uncertainty weighed on market sentiment. According to crypto.news data, Bitcoin (BTC) traded near $72,700 at press time after briefly…
In crypto news today (June 1), the market has started the new month in a precarious position, with Bitcoin dropping -1.4% overnight, losing key support at $73,000, and currently trading around $72,700. However, ETH USD, in typical fashion, has performed worse, down -2.5% in the past 24 hours and trading for $1,975 after losing key..
The post Crypto News Today (June 1): BTC Crashes Below $73K as the US Bombs Iran, Sparking Panic appeared first on 99Bitcoins.
The post Bitcoin Defends $73K as Spot ETFs Bleed $2.97B, Saylor Teases Buy, 16-Year Wallet Wakes appeared on BitcoinEthereumNews.com.
Bitcoin News Bitcoin is balancing on a knife edge near $73,300 after a head-and-shoulders breakdown on May 28 opened a measured-move path toward roughly $66,800, a decline of about 10% from current levels. The pattern triggered with a brief uptick in sell-side volume, yet follow-through has been notably weak. Both green and red volume bars have shrunk steadily since the neckline gave way, signaling thinning conviction rather than aggressive distribution. Buyers have quietly defended the zone, leaving price stuck in an undecided range. The next decisive move hinges on whether the neckline retest holds or fails on rising volume. U.S. spot Bitcoin ETFs have just logged their longest outflow streak on record, bleeding roughly $2.97 billion across ten consecutive trading days between May 15 and May 29. The run broke the prior eight-session record set in early
The post Strategy (MSTR) Stock: Saylor’s Infamous Chart Returns — Bitcoin Purchase Imminent? appeared on BitcoinEthereumNews.com.
TLDR Michael Saylor shared his iconic “Working Better” bubble chart over the weekend, a pattern historically linked to imminent Bitcoin acquisition announcements from Strategy. Bitcoin purchases were temporarily halted while the company bought back $1.5 billion worth of convertible notes maturing in 2029, spending approximately $1.38 billion cash. Strategy’s Bitcoin holdings stand at 843,738 BTC with an average acquisition cost of $75,701 per coin, while current Bitcoin prices hover around $73,566 — beneath that threshold. On May 29, Strategy transferred 411.48 BTC to Coinbase Prime before withdrawing nearly the same quantity the following day — industry observers suggest a tax-loss harvesting maneuver. Shareholders face a critical June 7 proxy decision regarding semi-monthly STRC dividend distributions, with Strategy urging retail investor participation. Bi