Bitcoin News: Bitwise Supports Bitcoin Development with $150K Donation

Bitwise, a prominent crypto asset manager, has announced a significant donation towards Bitcoin's development, distributing $150,000 among three non-profit organizations.

Bitwise Rallies Industry with $150K Donation for Bitcoin Development

Bitwise, a rapidly growing crypto asset manager, has pledged $150,000 to support Bitcoin's development, distributing the funds among three non-profit organizations: Brink, the Human Rights Foundation, and Open Sats. This donation goes beyond mere charity, reaffirming Bitwise's dedication to stewarding the Bitcoin ecosystem's growth. The company urges the crypto industry to rally behind open-source Bitcoin developers, promising that as their business grows, their contributions to the community will increase proportionally.

Bitcoin Decouples From S&P 500

Over the past three weeks, Bitcoin (BTC) has shown a declining correlation with the S&P 500, eventually decoupling completely on February 17th. market intelligence firm IntoTheBlock analyzed data suggesting that this decorrelation could be a bullish signal for BTC, as the cryptocurrency surged past $100,000 after a previous low correlation period in early November. At the time of writing, BTC was hovering around $97,500, within a consolidated range of $91,000-$102,000.

The History of Bitcoin: From Cypherpunk Dreams to Global Phenomenon

Bitcoin, born from the radical vision of cypherpunks, has transformed from being a niche digital experiment to being a global phenomenon, significantly redefining the finance landscape. Its journey embodies the convergence of cypherpunk ideals and revolutionary technology, fundamentally changing our perception and interaction with money. This article delves into this transformative journey, tracing its path from underground beginnings to its current status as a cornerstone of the global financial system.

Bitcoin ETFs Surge as Gold Loses Investor Interest

Bitcoin (BTC) has surged past $97,300, driven by strong institutional interest and the growing popularity of BTC exchange-traded funds (ETFs). Recent data shows that spot Bitcoin ETFs have accumulated over $40 billion in net inflows, significantly outpacing gold ETFs. This shift marks a change in investor sentiment, with digital assets becoming the preferred investment choice. Former U.S. President Donald Trump's pro-crypto stance has further fueled optimism, strengthening Bitcoin's appeal as a potential safe-haven asset.

$450M USDT Enters Exchanges: Will It Push Bitcoin Past $100K?

With $450 million Tether [USDT] flowing into exchanges in February, there is renewed risk appetite indicated by rising stablecoin liquidity. Historically, BTC price action has mirrored USDT supply trends, leading to speculation that this influx of sidelined capital could strengthen bid support for Bitcoin [BTC] and potentially spark a breakout. Notably, USDT supply has recently surged to a new all-time high.