Bitcoin falls below $68,000 as U.S. 10-year Treasury yield nears 1-year high of 4.5%. Over $50 million in long liquidations occurred within an hour, with bitcoin accounting for the majority. Rising U.S. Treasury yields and a stronger dollar are weighing on risk assets, including cryptocurrencies and crypto-related equities. #BitcoinPrices $BTC
Bitcoin macro risks spike as Ukraine throws a spanner in Trump's plan to stabilize oil markets
Ukraine’s strikes on Russian oil infrastructure have disrupted a key workaround to offset supply shocks from the Iran war.Elevated oil prices are reinforcing concerns about persistent inflation and the prospect of tighter monetary policy.Bitcoin continues to trade within the $65,000–$75,000 range, with macro pressures emerging as a key factor to watch.
GameStop turned its $368 million bitcoin stash into an options income play
GameStop disclosed that nearly all of its 4,710 bitcoin were pledged to Coinbase as collateral for a covered-call options strategy, rather than being sold.The company wrote short-dated call options with strike prices between $105,000 and $110,000 to generate premium income, capping its upside on bitcoin, while maintaining exposure.As a result of the maneuver, GameStop no longer holds its bitcoin and now records it as a receivable rather than as a directly held asset.