The U.S. government now possesses an additional $14 billion more in Bitcoin. The only question is: What are they going to do with all that digital gold? On Tuesday, the Department of Justice announced it had successfully seized over $14.4 billion worth of Bitcoin from Chen Zhi, the head of a Cambodia-based business conglomerate alleged
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Monad Opens Airdrop Portal Ahead of Token Launch Ethereum’s Fusaka Rolls Out on Sepolia; Hoodi Testnet Up Next Monero Releases Privacy Boost Against Sneaky Network Nodes Ethereum Foundation Expands
A Stanford MBA and crypto analyst explained why Bitcoin still has room to grow. In July 2024, Michael Saylor presented a chart showing Bitcoin’s market value compared to the total global asset market. At that time, Bitcoin was around $65,000 per coin, with a network value of $1 trillion. This was just 0.1 percent of
Key Takeaways Remixpoint, a Japanese company, has acquired an additional 2.9 Bitcoin. The company’s total Bitcoin holdings now amount to 1,381.8 BTC. Remixpoint, a Japanese company, acquired an additional 2.9 Bitcoin, bringing its total holdings to 1,381.8 BTC. The company announced the purchase today via its official X account. Bitcoin continues to see uptake among
Key Takeaways Glassnode data shows Bitcoin options market premium is concentrated between $115,000 and $130,000, signaling strong bullish expectations. Options traders are increasingly buying calls at these higher strikes, betting on significant potential upside for Bitcoin. Glassnode data shows Bitcoin options market activity concentrating at premium levels between $115,000 and $130,000, reflecting trader positioning for
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Strategy (MSTR) bears have pierced a key bull market support, leaving bitcoin BTC$111,506.46 bears trailing behind. The technical breakdown centres around the Strategy share price’s recent breach of its 50-week simple moving average (SMA). This SMA had consistently acted as a
Previously on The Big Bitcoin Short: a trader shorted Bitcoin minutes before President Trump’s tariff post and booked about $160 – $200 million. Eye, a crypto investigator who helped frame the story by tracing wallets and proposing that Garrett Jin could be a front for a broader network, has now stepped back, citing safety concerns.
Bitcoin’s price has mostly traded sideways since rebounding from Friday’s market crash, struggling to break past resistance at $115,892 while finding support near $111,098. Despite the muted action, two analysts have identified bullish signals that could lead to a price recovery toward the $120,000 level in the near term. Rising Binance Exchange Flows Support Bitcoin’s
Bitcoin is trading between $111,851 and $112,121 over the past hour, trading in a tight daily band between $110,456 and $113,537 as market signals diverge. With a market cap of $2.23 trillion and $80.54 billion in 24-hour volume, the price action reflects a high-stakes pause in momentum. Bitcoin The daily chart reveals bitcoin is attempting