Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»πŸ”΄ Unusual Bitcoin Rally | Cryptocurrency news of the week – February 19, 2024
BITCOIN NEWS

πŸ”΄ Unusual Bitcoin Rally | Cryptocurrency news of the week – February 19, 2024

By Crypto FlexsFebruary 19, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
πŸ”΄ Unusual Bitcoin Rally |  Cryptocurrency news of the week – February 19, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

ο»ΏMicroStrategy is flashing its diamond hand, the two largest NFT creators are merging together, and this Bitcoin rally could be different. This week we bring you these stories and more in cryptocurrency.

Bitcoin hits 2-year high

Bitcoin’s market value surpassed $1 trillion last week, reaching its highest level since late 2021. To date, Bitcoin is already up 20%. But this rally has unique characteristics. Historically, Bitcoin has had a negative correlation with the dollar, but the resurgence of the US dollar index and the US 10-year Treasury yield have driven Bitcoin prices higher.

MicroStrategy doubles its profits.

MicroStrategy, Bitcoin’s largest corporate owner, saw its holdings surge to $10 billion as Bitcoin reached its peak this week. Acquiring 190,000 bitcoins at an average cost of about $31,000 per coin, MicroStrategy is generating more than $4 billion in revenue, quickly doubling from nearly $2 billion in revenue as recently as December.

Ledger partners with Coinbase

Hardware wallet maker Ledger has integrated Coinbase Pay as a seamless on-ramp for digital asset purchases. The Ledger Live in-app integration aims to simplify the process, allowing users to receive cryptocurrencies purchased on Coinbase directly into their Ledger hardware wallets at no additional cost. Ledger has previously integrated with other crypto platforms including Moonpay, Ramp, and Transak.

Coinbase stock surges

Coinbase shares surged 14% after the largest U.S. cryptocurrency exchange reported quarterly results that beat Wall Street expectations. The company attributed its success to increased volatility in cryptocurrency assets, driven by spot Bitcoin ETFs and a positive macroeconomic outlook. Coinbase said it was financially stronger and in a better position compared to a year ago.

A cryptocurrency billionaire has done it again

Founders Fund, led by billionaire Peter Thiel, is re-entering the cryptocurrency market. One of the first institutional cryptocurrency investors, the fund aggressively acquired Bitcoin in 2014 but liquidated before the market crash in 2022, earning $1.8 billion in profits. The fund recently allocated $200 million evenly between Bitcoin and Ethereum last year, just before the bull market began.

Cryptocurrency trading banned in Honduras

The Honduran National Banking and Securities Commission has announced an immediate ban on cryptocurrency trading in the country’s financial institutions. The resolution prohibits supervised entities from handling unauthorized virtual assets, including cryptocurrencies and tokens. The watchdog acknowledged it had limited control over platforms operating in multiple jurisdictions and expressed concerns that they could potentially be involved in fraud, money laundering and terrorist financing.

Spain’s first cryptocurrency-friendly city

Torrevieja, a Spanish city of nearly 90,000 residents, is aspiring to become the first cryptocurrency-friendly location in Spain. The city unveiled plans to build a cryptocurrency hub and attract investment in cooperation with Apymeco, a local merchant association. Initiatives include providing incentives for cryptocurrency payments, providing training for merchants to use the exchange, and prioritizing sustainability to have a positive impact on the environment in Torrevieja.

Largest NFT studio merger

Yuga Labs, the largest NFT studio, has acquired ‘Proof’, a rival NFT maker known for its Moonbirds collection. Yuga Labs plans to integrate Moonbirds into its metaverse play Otherside, a gaming universe featuring avatars from various NFT projects, including avatars from Yuga’s own stable such as Bored Apes, CryptoPunks, and Meebits.

This is what happened in the cryptocurrency market this week. I will see you next week.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025
Most Popular

The top -level Distributed Exchange Uniswap (UNI) launches a new protocol upgrade in several chains.

February 1, 2025

New cryptocurrency ICO Dogecoin20 raises $250,000 on first day of launch – The next big meme coin?

March 15, 2024

Crypto Gems in 2024: Expert Predictions You Need to Act Now

February 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.