Standard Chartered backs Bitcoin despite Strategy selloff fears

Bitcoin miner Cleanspark (Nasdaq: CLSK) purchased 454 BTC worth about $29 million on July 7, lifting its treasury to 13,924 BTC even as much of the mining industry sells coins to survive the bear market. Swimming Against The Tide The purchase was made at an average price of roughly $64,000 per coin, according to trackers, […]

Empery Digital sold 1,400 BTC for debt, an AI data center deal, and legal costs, echoing Strategy's shift toward treating BTC as liquidity.

The post Standard Chartered Doubles Down on $100,000 BTC Target appeared on BitcoinEthereumNews.com. Strategy fears are overblown  Evolving price targets  Despite Bitcoin facing plenty of turbulence, financial giant Standard Chartered is sticking by its bullish prediction, forecasting that the price of the leading cryptocurrency by market capitalization will surge to $100,000.  Even though some analysts expect BTC to plunge way below the $60,000 level, the firm believes that the flagship cryptocurrency is actually a “screaming buy” at the current level (roughly $64,000).  Strategy fears are overblown  The market fear surrounding Strategy’s recent Bitcoin sales is actually overblown, according to Standard Chartered.  ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy Last month, BTC plunged lower amid concerns about STRC, the dividend-paying preferred stock issued by

Empery Digital sold 1,400 BTC for $87.1 million to repay debt, fund a property acquisition, cover legal expenses and support operations. The post Empery Digital trims Bitcoin holdings by $87M to fund debt and operations appeared first on Crypto Briefing.

The post Bitcoin’s Smoothed MACD Flips Bullish—Here Are The Levels That Could Confirm An Uptrend appeared on BitcoinEthereumNews.com. Bitcoin’s price may be coiling for a larger move after one of the market’s steadier momentum gauges shifted green. The smoothed long-term moving average convergence divergence (MACD) line has crossed into bullish territory, a signal that historically has aligned with extended rallies rather than short-lived bounces. The original report notes the flip now puts specific chart levels in the spotlight—levels that could determine whether the current recovery has enough fuel to become a genuine uptrend. The long-term MACD differs from the standard 12-26 setting traders often watch. By applying a smoother, the indicator filters out short-term noise and focuses on structural momentum shifts. When that line turns positive, it typically reflects buying pressure building over weeks or months, not hours. That is why the current signal carries more weight than a rout

The post Trump Says U.S., Iran to Continue Talks Despite Ceasefire Ending, Bitcoin Extends Gains appeared on BitcoinEthereumNews.com. U.S. President Donald Trump has revealed that U.S.-Iran talks will continue after a request from Iran. Bitcoin extended its gains amid this development, breaking above the psychological $64,000 level. Trump Gives Update On U.S.-Iran Talks, Bitcoin Extends Gains In a Truth Social post, the president said that Iran has asked the U.S. to continue talks and that they have agreed to do so. However, he added that the U.S. has said to Iran that the ceasefire is over even as talks continue. This follows an earlier report of President Trump’s statement that Iran wants to make a deal “so badly.” Bitcoin has extended its gains amid the president’s latest statement about U.S.-Iran talks set to continue. The leading crypto is currently trading at around $64,100, up almost 2% from an intraday low of around $62,000, according to TradingView data. BTC notably dropped be

The post Bitcoin Treasury Firm Empery Digital Dumps Nearly Half of BTC Holdings for $87 Million appeared on BitcoinEthereumNews.com. In brief Since May 7, Empery Digital sold 1,400 Bitcoin for about $87.1 million, slashing its BTC treasury by nearly half. The firm repaid $10 million in debt, funded a pending property acquisition, and covered legal costs from ongoing stockholder litigation. As of July 10, the company holds 1,514 BTC and roughly $73.9 million in cash. Publicly traded Empery Digital Inc. has sold nearly half its Bitcoin treasury since early May, using the proceeds to pay down debt, prepare for an AI-related real estate acquisition, and cover mounting legal bills tied to a shareholder lawsuit, according to an SEC filing this week. The company disclosed it sold 1,400 BTC since May 7 at an average price of about $62,200 per coin, generating roughly $87.1 million in gross proceeds. Of that total, $10 million went toward retiring outstanding debt on July 7. The remainder is ea

The post Following Nakamoto: Another Treasury Firm Drops $87 Million in Bitcoin for AI Pivot appeared on BitcoinEthereumNews.com. Public companies continue to rethink the strategy of permanent cryptocurrency accumulation in favor of real-world infrastructure. The latest case is Bitcoin treasury firm Empery Digital, which recorded millions of dollars in profit by repeating a recent move made by its competitor, Nakamoto. According to SEC filings, since May 7, Empery Digital has sold 1,400 BTC at an average price of around $62,200, bringing the company $87.1 million in cash.  Visual representation of the Bitcoin supply, showing the distribution among all entities, Source: BitcoinTreasuriesNET As a result, the company now ranks 36th in the global Bitcoin treasury ranking compiled by BitcoinTreasuries.NET, as it still holds 1,514 BTC, along with $73.9 million in cash against $45 million in total debt. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solan