Strategy Executive Chairman Michael Saylor told CNBC that the company is “accelerating” its purchases and will be reporting new Bitcoin accumulation on Monday.
Bitcoin's sharp decline intensified early Friday, plunging to $96,000 as market fear deepened and ETF outflows surged. The Crypto Fear and Greed Index dropped to 22, one of the lowest points of the year. Spot Bitcoin ETFs saw the second-largest outflow day in history, with $869.9 million net outflows on Thursday.
Block said the integration will simplify cross-border payments and improve settlement efficiency while maintaining the user-friendly interface that Cash App is known for.
The apex cryptocurrency gained 0.2% to $103,471.89 at the time of writing, according to CoinMarketCap data, while Ethereum rose 2.9% to $3,538.77, and BNB was up 1.1% to $966.
Leading cryptocurrencies traded flat overnight on Wednesday, while stock futures climbed after the House approved a bill to end the 43-day government shutdown.
On-chain data from CryptoQuant shows signs of a potential market reset with Bitcoin supply tightening as short-term traders sell at a loss on Binance and longer-term investors accumulate.
The apex cryptocurrency declined nearly 1.6% to $103,559.17 at the time of writing, according to CoinMarketCap data, while Ethereum fell 3.1% to $3,448.26 and XRP fell 2.4% to $2.39.
Economist and prominent gold advocate Peter Schiff is once again calling the curtains on cryptocurrencies, following a rotation away from digital currencies in favor of precious metals such as gold and silver in recent days.
According to a report by The Wall Street Journal, the platform is going to go live next week with Monad as the first blockchain project that will get listed.
Wall Street rebounded on Monday, recovering part of last week's steep losses as investors grew more confident about risk assets amid encouraging signs from Washington that the record-long government shutdown may soon conclude.
