World News Trust
March 3, 2024
Bitcoin is trading at 62,821.80 USD, +776.10 (1.25%) today, Mar 3, 5:25 PM UTC.
Latest News Headlines:
- Bitcoin.com News reported that the Chamber of Digital Commerce, a trade association representing the blockchain industry, has filed an amicus brief in support of Ripple Labs, arguing that the SEC's actions against the company "pose separation of powers and due process concerns" [https://news.bitcoin.com/chamber-of-digital-commerce-sec-actions-pose-separation-of-powers-and-due-process-concerns/].
- CoinDesk News said that bitcoin logged its biggest single-day gain since October on Wednesday, rising 9.5% to $64,000, as the market-neutral cash and carry trade offered an attractive yield of 14%, compared to 4.27% for the 10-year U.S. Treasury note [https://www.coindesk.com/markets/2024/02/29/bitcoin-logs-biggest-single-day-gain-since-october-market-neutral-bets-yield-3x-us-treasury-notes/].
- Cointelegraph News highlighted that MicroStrategy, one of the largest corporate holders of bitcoin, has completed a $1 billion offering of convertible senior notes, which it plans to use to buy more bitcoin [https://cointelegraph.com/news/microstrategy-completes-1b-offering-to-buy-more-bitcoin].
- Nasdaq News noted that bitcoin's rally has boosted the market capitalization of the entire crypto space to over $2 trillion for the first time since May 2021, with bitcoin accounting for more than 40% of the total value [https://www.nasdaq.com/articles/bitcoin-rally-pushes-crypto-market-cap-above-%242-trillion-for-first-time-since-may-2024-02].
- NewsNow News compiled a list of the most popular bitcoin stories from various sources, including an analysis of why bitcoin is not in a bubble, a prediction that bitcoin could reach $200,000 by September 2025, and a report on how El Salvador is using bitcoin to empower its citizens [https://www.newsnow.com/us/Business/Cryptocurrencies/Bitcoin].