BTC Bitcoin Cryptocurrency Betting
Bitcoin is the cryptocurrency that started it all. There are dozens of other Cryptocurrencies you can use to deposit at BookMaker and hundreds more on the periphery, but Bitcoin is the most well-known of the bunch, and the only one your aunt Ethel and uncle Fred know. The coin that dominates the crypto space surged past $60,000 in March 2021 and might be poised for an even bigger run ahead of the holidays.
Monday, May 19, 2025 News Update
DigiAsia Corp (NASDAQ: FAAS) has revealed a strategic Bitcoin treasury reserve project that its board of directors has approved. The business is considering raising up to US$100 million in capital to develop its initial Bitcoin (BTC) position and intends to set aside up to 50% of net profits for BTC acquisition. DigiAsia plans to use regulated partners, such as institutional lending and staking, to create yield-generating solutions. The business is assessing a range of capital markets options, such as convertible notes, equity-linked offerings, and structured crypto financing products. With this calculated action, DigiAsia joins other NASDAQ-listed businesses who have chosen to use Bitcoin as a treasury reserve asset in an effort to increase treasury returns and protect shareholder value.
In the erratic cryptocurrency markets, DigiAsia's Bitcoin treasury strategy is a noteworthy corporate adoption decision that carries both opportunity and risk. The establishment of a Bitcoin treasury reserve by DigiAsia Corp. represents a significant strategic change in the way this fintech business handles its cash. The board has authorized spending up to $100 million to buy Bitcoin and use regulated partners to put yield-generating methods into action.
The business also intends to use up to 50% of its future net income to strengthen its stake in Bitcoin. By making this change, DigiAsia joins an increasing number of NASDAQ-listed businesses that are incorporating digital assets into their treasury administration.
The twin strategy—holding Bitcoin as a long-term reserve asset and actively seeking return generation through institutional lending and staking—is very remarkable. Instead of just buying Bitcoin directly, the company's investigation of different capital markets alternatives, such as convertible notes, equity-linked offerings, and structured crypto finance products, suggests a more complex strategy. This approach recognizes the potential for Bitcoin to appreciate as well as the potential for further gains to be generated through crypto-financial products. This indicates substantial exposure to a historically volatile asset class from a risk standpoint.
Even though Bitcoin has shown excellent long-term performance, DigiAsia's balance sheet may see significant volatility due to its price swings. In essence, the business is placing a large wager that Bitcoin will function as a reliable store of value and a possible hedge against the depreciation of conventional currencies.
This tactical change also demonstrates DigiAsia's wider dedication to blockchain technology, which goes beyond simply owning Bitcoin. The corporation may be setting itself up to grow its fintech products into digital asset services for its Asian clientele by cultivating internal competence in crypto treasury management.
In other Bitcoin news, Michael Saylor's Strategy said that it had spent around $765 million to acquire 7,390 Bitcoin between May 12 and May 18. This action has increased the company's Bitcoin holdings to 576,230 BTC, which is now valued at more than $59 billion. According to a filing with the SEC on Monday, the software company used funds from its common stock offering and a Series A perpetual convertible preferred stock issuance to finance its most recent Bitcoin acquisition. Strategy made about $765 million in net proceeds from the sale of over 1.7 million MSTR and 621,555 STRK shares during the course of the preceding week.
More than $18.9 billion in MSTR shares and around $20.7 billion in STRK shares are still in the company's possession and can be issued and sold in the future. Regardless of market conditions, its goal is to amass $42 billion in Bitcoin by the end of 2027.
Strategy now owns more over 2.7% of the whole Bitcoin supply, making it the largest corporate holder. MARA Holdings and Twenty One, a recently founded Bitcoin-native company, are next in line.
Bitcoin Weekly Price Per CoinMarketCap
| WEEK |
BITCOIN PRICE IN USD |
| May 19, 2025 |
103,843.75 |
| May 12, 2025 |
104,151.94 |
| May 5, 2025 |
94,148.60 |
| April 28, 2025 |
94,635.92 |
| April 21, 2025 |
88,208.60 |
| April 14, 2025 |
85,623.93 |
| April 7, 2025 |
78,197.07 |
| March 31, 2025 |
83,428.18 |
| March 24, 2025 |
88,043.32 |
| March 17, 2025 |
82,748.61 |
| March 10, 2025 |
80,483.17 |
| March 3, 2025 |
90,833.10 |
| February 24, 2025 |
94,569.34 |
| February 17, 2025 |
96,701.18 |
| February 10, 2025 |
97,403.56 |
| February 3, 2025 |
96,864.15 |
| January 27, 2025 |
101,643.23 |
| January 20, 2025 |
106,822.51 |
| January 13, 2025 |
92,117.84 |
| January 6, 2025 |
101,692.99 |
Monday, May 12, 2025 News Update
Bitcoin has attracted a lot of investors because of its amazing long-term returns, but some have stayed away from it because of its volatility. The top cryptocurrency frequently experiences abrupt swings that might cause it to rise or fall by 10% in a few short days. If you compare it to well-known benchmarks like the S&P 500 and Nasdaq Composite, you cannot question the results, but not all investors want to cope with that degree of unpredictability. Additionally, the cryptocurrency just recovered $100,000 per coin and could rise further. These are some of the reasons to think about starting with Bitcoin if you are still unsure about taking the plunge.
Long-Term Profits of Bitcoin Are Outstanding
The rewards are undeniable, even if Bitcoin does not generate revenue and net income growth like publicly traded companies do. In the last year, Bitcoin has increased by 68%, and in the last five years, it has increased by 978%. Over the last five years, neither the Nasdaq Composite nor the S&P 500 have even doubled. Bitcoin has turned out to be a good strategy to increase your wealth. Many investors use long-term returns to gauge momentum and investors' desire for an asset but results are not always assured. Despite the uncertainty narrative, Bitcoin has been on point for a while.
Major Players Are Participating
Bitcoin had a significant year last year. Location On January 11, 2024, Bitcoin ETFs became live, and several financial institutions hurried to offer their own. ARK Invest, VanEck, Grayscale, Fidelity, and BlackRock are a few of the companies who introduced Bitcoin ETFs. More money is invested in Bitcoin by each of those ETFs, which pushes the price higher. ETFs for Bitcoin have increased the digital currency's accessibility for regular investors, which has the potential to drive its price higher in the future.
Strategic Reserves for Bitcoin
By executive order, President Donald Trump created the Bitcoin Strategic Reserve. The demand for cryptocurrency may increase as a result of this strategic reserve, increasing investor profits. Even though the Bitcoin Strategy Reserve is not new, it can nevertheless have an impact on specific states. Arizona, for example, has established a Bitcoin Strategic Reserve, making it the second state in the United States to do so. Each commitment necessitates more Bitcoin purchases, and other states may decide to join the trend.
Bitcoin is an Inflation Hedge
Additionally, as central banks issue more money, Bitcoin's value increases because it acts as a useful inflation hedge. No one can make more Bitcoins than the 21 million that are currently in circulation. That is what makes the decentralized blockchain of Bitcoin so appealing. Investors may wish to look more closely at this alternative asset if they are looking for a historically successful asset that can reduce inflation risk.
Universal Currency
People can save international currency fees and have more control thanks to universal currencies. Americans must pay fees to exchange their US dollars for British pounds when they travel to the UK. You will then need to exchange some of your remaining British pounds or US dollars into euros if you are going to any place in the EU. For frequent shoppers who travel frequently, it is a costly and time-consuming procedure. Additionally, foreign transaction fees associated with certain credit cards increase the cost of paperless purchases. When Bitcoin is used for transactions, those costs are avoided. The cryptocurrency's long-term basis appeals to those looking to reduce their foreign exchange costs.
When compared to fiat currencies, Bitcoin is still in its infancy. The yearly growth rate of Bitcoin will eventually slow down. Nonetheless, Bitcoin's universality should increase its allure in the years to come.
Monday, May 5, 2025 News Update
The amount of bitcoin owned by Strategy went up yet again after another large purchase by the company. An additional 1,895 bitcoin were bought by Michael Saylor's Strategy (previously MicroStrategy) between April 28 and May 4 for approximately $180 million, the Securities and Exchange Commission said in a regulatory filing on Monday. The average price per bitcoin that the corporation paid was $95,167. Through regular stock sale programs, the company raised money by selling its own shares. Over the course of the week, Strategy raised $180.3 million to finance the purchase of bitcoin by selling 353,825 shares of its common stock (MSTR) and 575,392 shares of its preferred stock (STRK).
Targeting $21 billion in equity money for bitcoin acquisitions, the MSTR common stock offering program was started in October 2024 as part of Strategy's "21/21 Plan" and has since been discontinued. The 21/21 Plan does not include the STRK perpetual preferred stock sale program, which was introduced in March 2025 and has a $21 billion capacity. There is still $20.87 billion in accessible STRK capacity as of May 4. The 21/21 Plan's debt component is still available to the tune of about $14 billion.
Now that the MSTR capacity of the 21/21 Plan has been used, Strategy unveiled the "42/42 Plan," which aims to generate an additional $42 billion through 2027, equally divided between debt and equity, to finance future bitcoin acquisitions. In addition, the business produces STRF perpetual preferred stocks, which are used to finance bitcoin acquisitions and are distinct from both capital plans.
With the most recent purchase, Strategy now owns 555,450 bitcoin which was purchased for $38.08 billion and is currently valued at about $52.2 billion. That is about 2.6% of the whole bitcoin supply and represents gains of over $14.2 billion on paper.
The most recent acquisition follows Strategy's first-quarter results announcement last week, which fell short of both top-line and bottom-line projections. In the first quarter, the business reported a $4.2 billion net loss, mostly due to almost $6 billion in unrealized losses on its bitcoin assets under the new fair value accounting rules. Analysts are nonetheless optimistic about Strategy despite its less than expected financial performance because of its unparalleled scale in bitcoin ownership, creative capital-raising tools, and institutional investor attraction.
Although other companies are rapidly catching up, Strategy continues to be the largest corporate bitcoin holder. Last month, Cantor Fitzgerald, SoftBank, Bitfinex, and Tether revealed their intention to start Twenty One Capital, a $3.6 billion bitcoin enterprise. Bitcoin has also been used into the treasury strategy of companies such as Semler Scientific, KULR, and Metaplanet.
Monday, April 28, 2025 News Update
Between April 20 and April 26, Bitcoin BTC ($94,635 increased 11%), exhibiting endurance by remaining close to its two-month high of $94,000. Strong corporate earnings reports and indications from the Trump administration that import taxes will be lowered preceded this relief rally. A record $3.1 billion in net inflows to spot Bitcoin exchange-traded funds (ETFs) over five days further increased investor confidence in the cryptocurrency. The $100,000 target may still be achievable by late this month or early in May.
There are still some people who are cautious about predicting a Bitcoin surge. Retail traders prefer perpetual Bitcoin futures contracts because of how closely their prices mirror the current market. A reversal in this rate is usually associated with negative trends since a positive financing rate indicates that purchasers pay to keep their positions. In bull markets, the sharply negative funding rates that were observed on April 26 are quite unusual since they signify increased seller demand. Since April 14, this indicator has fluctuated, but when the price of Bitcoin surged above $94,000, sellers were unprepared. More than $450 million worth of short positions in Bitcoin have been liquidated since April 21.
The S&P 500's 7.1% weekly rise is partly responsible for the resurgence of confidence and the strength of the Bitcoin price. Nevertheless, traders questioned whether recent gains would last after US President Donald Trump allegedly stated on April 25 that negotiations would require China to make concessions. The dynamics influencing the stock market and Bitcoin are different now that companies are releasing first-quarter earnings from before the trade conflict escalated. In actuality, there is no longer a strong correlation between the price of Bitcoin and the S&P 500.
The 30-day correlation between Bitcoin and the S&P 500 is at 29%, far lower than the 60% level observed between March and mid-April. This decreased correlation indicates that Bitcoin is more than just a stand-in for technology equities, even while it does not signify a total decoupling because investor mood is still impacted by macroeconomic issues. Gold's inability to sustain its bullish momentum following its record-breaking high of $3,500 on April 22 was also viewed as critical for Bitcoin's standing as an independent asset class. This has reinforced Bitcoin's status as an independent asset class. Although some traders had doubted the "digital gold" concept, investors may become more confident as long as Bitcoin stays above $90,000, which might lead to future rises.
More interest in bullish positions was indicated by the two-month Bitcoin futures premium (basis rate) rising to its highest level in seven weeks on April 26. This indicator is still in the neutral 5% to 10% band at 6.5%, but it is departing from bearish territory. It is common for monthly Bitcoin contracts and perpetual futures to have different leverage demand. Significant institutional accumulation may be sufficient to raise the price of Bitcoin above $100,000 in the near future, even if individual traders continue to exercise caution.
Monday, April 21, 2025 News Update
As the dollar index (DXY) plummeted to a three-year low amid rumors that President Donald Trump is looking into ways to fire Federal Reserve Chairman Jerome Powell, Bitcoin (BTC) outperformed the other, more volatile cryptocurrencies early Monday.
According to CoinDesk data, Bitcoin increased more than 2% to just over $88,000, reaching its highest level since April 2. A bullish conclusion to the current consolidation between $83,000 and $88,000 was indicated by the advance. Major alternative cryptocurrencies that trailed Bitcoin, including Cardano's ADA, Ethereum's ether, and payments-focused XRP, but they still increased by more than 1%.
According to data from the charting platform TradingView, hedge funds sold the US dollar against key currencies such as the euro, yen, and the Australian dollar in the forex market, pushing the dollar index to 98.5, the lowest level since April 2022. Within three months, the DXY has dropped by 10%. Generally speaking, a weak dollar eases financial conditions and reduces market risk.
In the meantime, the price of gold continued to rise, hitting a record high of more than $3,400 per ounce, bringing the year-to-date gain to 28%. Futures linked to the Nasdaq and S&P 500 saw a 0.5% decline in value. The National Economic Council Director Kevin Hassett's Friday remark on Trump's plan to fire Powell is said to have caused the dollar to sell off, as well as increases in Bitcoin and gold, according to observers.
"The move in bitcoin to $87,000 appears to be driven by a sharp drop in the U.S. dollar and a +2% rally in gold, both triggered by Trump's push to replace Fed chair Powell. While a trade deal with Japan may be announced soon, the key catalyst today is the perceived threat to Fed independence," Markus Thielen, founder of 10x Research, told CoinDesk.
Trump posted on Truth Social on Thursday that "Powell's termination cannot come fast enough," while he said earlier in the day that lower interest rates are needed. Powell warned of stagflation and stated early last week that the Fed would wait for additional economic data before adjusting the borrowing cost. Chicago Fed President Austan Goolsbee cautioned that Trump's decision to fire Jerome Powell would damage the Fed's reputation.
Monday, April 14, 2025 News Update
The dominant word right now in the world of investments is tariff. Investors are deciding where to put their money with a trade war looming. In times of crisis, investors have long turned to gold and US Treasury bonds, but in the digital, decentralized world of today, Bitcoin is beginning to make an appearance in discussions about safe havens. Bitcoin has demonstrated endurance in the face of global upheaval, such as trade conflicts, despite its volatility, which has led to a new examination of its function in protecting value.
For many years, investors would constantly flee to the safest hills anytime there was any uncertainty affecting the world economy, whether it was war, inflation, or abrupt political changes. In the past, those hills were either filled with US Treasury bonds or built of gold. However, things are evolving. People are wondering if Bitcoin might now be discussed as a contemporary safe-haven asset in a world that is more digital, decentralized, and volatile than ever before, particularly during upsetting events like trade wars. To do this, you must investigate what exactly qualifies an asset as a safe haven, how Bitcoin has performed amid recent trade-related volatility, and whether it has merited inclusion alongside more conventional defensive strategies.
The idea of a "safe haven" is not about turning a profit, to start. Value preservation is the goal. Investors choose assets that can withstand stress during emergencies. Gold has been doing this for many years. Because of its prominence as a global reserve and the power of US financial institutions, the US dollar is sometimes regarded as a safe haven despite being fiat.
The US government backs Treasury bonds with its full faith and credit. All of these assets are expected to have strong liquidity and comparatively low volatility. Here's the twist, though: The volatility of Bitcoin is not low. It is infamously wild. However, you may have observed instances in which it acts as a refuge of safety. Not always, but occasionally, which is intriguing.
As traditional markets sank during the 2018–19 US-China trade war, Bitcoin soared, suggesting that it may be used as a hedge during volatile periods. Despite the popularity of its "digital gold" story, Bitcoin's safe-haven status remains uncertain because its behavior frequently resembles that of speculative tech stocks. Consider the US-China trade war of 2018–19. Global markets were more uneasy as tensions between the two economic titans increased and tariff threats worsened. Tech stocks suffered.
Commodities fluctuated. In the midst of all of this, an odd thing occurred. Bitcoin rose silently. The price of Bitcoin increased from over $5,000 to over $12,000 between April and July 2019.
It was not isolated. During same period, gold also saw a surge. But this was one of the first indications that Bitcoin might be used as a hedge during volatile periods as well as a risk-on asset. A new narrative emerged during that time: Bitcoin as "digital gold." It was scarce because there was a limited amount of 21 million coins. Because of its decentralized structure, it was not constrained by the policy of any one administration. Additionally, it was protected from the kind of capital limitations that frequently ensue during times of financial strain because it operated on a worldwide, censorship-resistant network. Investors searching for alternatives to conventional safe havens began to find resonance in these attributes.
Bitcoin has not always followed the plan, to be fair. It typically acts like a speculative tech stock, especially over short time periods, albeit there are times when it goes in the opposite direction of risky assets. Bitcoin and the Nasdaq have historically been closely correlated. Thus, even while the narrative surrounding "digital gold" is expanding, it continues to coexist with the notion that Bitcoin is a high-beta investment for investors who are willing to take risks.
Monday, April 7, 2025 News Update
Bitcoin dropped below the $80,000 threshold as investors prepared for further financial market turbulence following the U.S. stock market's worst slide since 2020 due to President Donald Trump's global tariffs. The price of bitcoin dropped to $78,197.07, down more than 1.5% early on Monday. That was down from a Friday high of about $85,000 and it is about 30% below its January peak. Over the weekend, agitated investors started liquidating their cryptocurrency holdings as they prepared for further losses after Trump's retaliatory tariffs heightened concerns of a worldwide recession and prompted them to liquidate risk.
As traders who had gambled on a rise in the price of bitcoin were compelled to sell their holdings in order to offset their losses, the decline also sparked off a wave of long liquidations. According to CoinGlass, long liquidations of bitcoin have totaled almost $412 million in the last day. In the same time frame, Ether had lengthy liquidations totaling $348 million.
Will Clemente, former cofounder of Reflexivity Research said recently in the media that “While I generally think we are closer to the end than the beginning of this correction for bitcoin, the window of uncertainty has only widened for markets over the last few weeks, and bitcoin is not immune when people need to sell what they can for posting margin or internal risk models,”
With the exception of a few brief dips below $80,000 during recent volatility, Bitcoin has spent the majority of this year trading above that level. It held steady last week, defying the general market catastrophe and increasing at the conclusion of the week when stocks and even gold plummeted. “Time and time again, it’s been proven that investors still view bitcoin as a risk-on beta asset, and the window of relative strength towards the back half of last week appeared to just be bitcoin lagging equities,” Clemente added in the media, “Should equities get relief, bitcoin will likely follow as well.”
Joel Kruger, market strategist at LMAX, recently stated in the media that the continuing market volatility is causing bitcoin to test the crucial $74,000 level, which represents its 2024 low, as a possible bottom. Bitcoin may yet drop as low as $68,000, according to Tracy Jin, chief operating officer of the cryptocurrency exchange MEXC, who spoke to the media.
As concerns about the global recession outweigh any legislative tailwinds that cryptocurrency was supposed to receive from this year, Bitcoin is down 15% in 2025 and is predicted to continue sliding in lockstep with stocks unless there is a crypto-specific stimulus. Since the start of the year, when the price of bitcoin reached its peak of $109,350.72, some investors have been anticipating a downturn. The possibility of a pullback was "evident" at the time, when stocks were reaching their own record highs, according to Kruger. The fact that Trump's plans "were going to create a drag on the economy and likely initiate a correction with valuations near record highs" was evident in February, according to Clemente.
However, deglobalization and escalating geopolitical conflicts should eventually be advantageous to a “decentralized, open source, neutral, scarce reserve asset like bitcoin,” Clemente said. Geoff Kendrick who is Standard Chartered head of digital assets, said to the media that bitcoin “will become a hedge against tariff risks this time around” and that “U.S. isolationism is akin to increased risks of holding fiat, which will ultimately benefit bitcoin.”
History
In January 2009, Bitcoin was created by Satoshi Nakamoto. The identity of Nakamoto remains hotly debated to this day, but that person or group changed the world with this invention. Like many major breakthroughs, it took a while for people to grasp why Bitcoin was special. Bitcoin was created in the midst of the banking crisis, and one of its major goals was to give people another option to buy and sell products outside of a heavily regulated and centralized banking system.
The first entities to fully embrace Bitcoin were black market enterprises like Silk Road. For a while, Bitcoin became synonymous with the notorious website, but its use became more and more widespread starting in 2013.
That led to the price of Bitcoin skyrocketing and reaching incredible heights in 2017. On January 1, 2017 a single Bitcoin was worth $998, but that price rose by nearly 20-fold near the end of the year, hitting an all-time high of $19,666 on December 17, 2017. Bitcoin has left those prices in the dust in 2021, as the price of Bitcoin is approaching $50,000.
Stability
One of the major criticisms of Bitcoin is that the currency wildly fluctuates and that has proven to be true in 2021. As Bitcoin has become more accepted and understood, investors are getting a better understanding of what leads to price changes, and that has led to the Bitcoin market looking a lot like the stock market.
Security
There have been fears over how secure Bitcoin is over the years, but transactions are even more secure as they are in the traditional marketplace thanks to blockchain technology.
Whereas we are constantly hearing stories of companies having their databases hacked and identities being stolen, the nature of blockchain presents this from happening with Bitcoin.
For a transaction to occur, the sender must know their private key and digitally sign the transaction, and the signature must be verified by the network using the public key. The number of private keys makes it nearly impossible to hack into another person’s account, but there is one thing to keep in mind. You MUST keep your private key backed up somewhere or else you will lose access to your Bitcoin. Don’t make the mistake of not backing up your private key and risk losing your hard earned money.
How do I buy Bitcoin?
You can buy Bitcoin by using one of the major currency exchanges such as Coinbase or Gemini. These exchanges allow you to use a credit or debit card or bank transfer to buy Bitcoin. You can then send Bitcoin to your sportsbook account and you can withdraw Bitcoin from your sportsbook account to your digital wallet.
BookMaker.eu offers Cryptocurrency as an easier, cheaper, safer and more reliable option for deposits and withdrawals. Cash in on the crypto craze while taking advantage of BookMaker’s great Bitcoin bonuses!
Log into BookMaker Sportsbook and get the best Sports Betting Odds, Sport Betting News and information about this and all other sports betting events!
