Grayscale Research says SpaceX is on track to become the largest diversified public company holding Bitcoin ($BTC). The Elon Musk-led space firm disclosed 18,712 $BTC on its balance sheet ahead of an early June listing. At a current $BTC price near $75,954, the holding is worth roughly $1.42 billion. That equals about 0.1% of the
On-chain activity shifted in the past month, as liquidity flowed into tokenized stocks. The total value locked in stock trading rose by around 60%, breaking above $1.6B. Traders rushed to tokenized stocks, while the crypto market stagnated. At the same time, stocks offered more active gains, driven by demand for AI components. Tokenized stocks are
Bitcoin is under pressure. The price is holding above the April 2024 low but sitting directly on a key support level that will determine short-term direction within hours rather than days. The level to watch is $74,950. Everything happening in Bitcoin’s price structure right now converges on this single number. Why $74,950 Is the Line
Veteran Trader Peter Brandt recently weighed in on an X discussion which centered around valuation models and their implications for Bitcoin price. A discussion began on X stemming from Strive’s Strategist Joe Burnett’s X post that the Bitcoin Power Law model suggests BTC should be around $163,500 today. Burnett speculates that a major rotation of
Bitcoin has continued to fail in its recent attempts to break out from its current price level and this has triggered fear among speculative traders. With Bitcoin remaining consistently in the red territory for the past days, the latest forecast from crypto prediction platform Kalshi shows that Bitcoin now has more chances of dropping below
A forty-year-old Texas bank is stepping onto the national stage to challenge Wall Street’s push to get a grip on the digital asset industry. United Texas Bank (UTB) secured approval from the Office of the Comptroller of the Currency (OCC) to convert from a state-chartered financial institution into a nationally chartered bank on May 15,
Bitcoin is likely on the verge of heightened volatility due to the combination of leverage, retail speculation, and aggressive spot selling. Popular crypto analyst Ted recently took note of several rather alarming derivatives market indicators. Bitcoin has been printing a series of lower highs and lower lows on its one-hour chart. Recently, the cryptocurrency dropped
Kyrgyzstan is moving quickly to build a state-backed crypto economy, rapidly becoming the Switzerland of crypto. The government has already launched two stablecoins, built a national gold vault, and brought former Binance CEO Changpeng Zhao into its policy circle. One stablecoin, USDKG, is backed by physical gold bought by the Kyrgyz Ministry of Finance. The
Bitcoin price just flashed the same warning that preceded its 35% January collapse, slipping below a cluster of critical technical lines on the daily chart. A single wallet still withdrew 873 $BTC worth $66 million from OKX, possibly betting the outcome this time will look nothing like January. Bitcoin Price Cracks All Four EMAs as
Bitcoin is barely holding above a key support level after recent volatility, even as the S&P 500 continues pushing to new highs and stabilizing broader risk markets. In strong risk-on environments, Bitcoin normally outperforms equities, making the current lack of leadership increasingly concerning for traders expecting another leg higher. The divergence is now raising fresh