Bitcoin

Bitcoin: Capitulation Signal Revives $180,000 Rally Case Now

December 22, 2025 1:32 am

Rare RSI breakdown, liquidity shifts and ETF flows fuel debate over whether Bitcoin’s four-year cycle has ended as prices hover near $89,000 today now.

Bitcoin is flashing a technical signal that has historically marked moments of extreme stress—and, in past cycles, the start of powerful rebounds.

The world’s largest cryptocurrency is trading near $89,000 after its 14-day relative strength index (RSI) fell below 30 in mid-November, a level widely watched by traders as a sign of capitulation. Such readings indicate heavy selling pressure and, in some cases, the exhaustion of bearish momentum.

A chart circulating among macro investors, shared by

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Google Quietly Backs $5 Billion Shift From U.S. Bitcoin To AI

December 20, 2025 1:16 pm

Credit guarantees tied to Google are reshaping bitcoin miners into AI data center hosts, unlocking bank financing and altering crypto and AI power dynamics.

Google has quietly emerged as a central financial force behind a sweeping transformation in the U.S. bitcoin mining industry, backing billions of dollars in projects that repurpose mining sites into artificial intelligence data centers.

The Alphabet-owned technology giant, rather than buying mining companies outright, is using a credit-based structure that has provided at least $5 billion in disclosed financial backing to support AI infrastructure built on former bitcoin mining campuses, according to company filings and market

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Panic As Bitcoin Falls Under $25,000, Lowest In 18 Months

June 14, 2022 6:32 am

Bitcoin tumbled yesterday to an 18-month low under $25,000 as investors shunned risky assets in the face of a vicious global markets selloff, many months after the cryptocurrency hit a record high.

The unit took a heavy knock also from news that cryptocurrency lending platform Celsius Network paused withdrawals, citing volatile conditions.

World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high, increasing recession fears and sending investors running for safer assets like the dollar.

‘It is not very surprising to see such a strong downturn as we have noticed an increased correlation …

El Salvador Adopts Bitcoin As Legal Tender

June 10, 2021 12:16 am

Crypto enthusiasts have gotten something to cheer about as El Salvador yesterday adopted the Bitcoin cryptocurrency as legal tender becoming the first country in the world to do so in the process.

The adoption came after President Nayib Bukele’s proposals to embrace cryptocurrency were approved by congress.

Africa Daily News, New York understands that on Tuesday night, lawmakers voted in favour of the plan with 62 out of 84 possible votes.

The country’s president made the proposal at a Bitcoin conference over the weekend.