A series of noteworthy transactions are taking place in the cryptocurrency markets. An old Bitcoin wallet, which had been inactive for 12 years, transferred 306 BTC (approximately $35.37 million) today. This ancient investor purchased the BTC in question for a total of $23,700 12 years ago, when Bitcoin was just $77. At today’s prices, that
Atlanta Fed President Raphael Bostic told CNBC that July employment data suggests risks in the labor market may be increasing. However, Bostic said it’s too early to change the economic outlook despite the data. “Today’s data and the revisions suggest the economy and labor market may be weakening more broadly than what we’re seeing in
US President Donald Trump announced that he has ordered the immediate dismissal of Bureau of Labor Statistics (BLS) Director Erika McEntarfer following the release of weak employment data in July. In a post on Truth Social, Trump accused McEntarfer of politicizing employment data, calling her a “Biden political appointee.” No concrete evidence was presented for
It was only a matter of time. With Strategy long reigning as the go-to corporate proxy for bitcoin exposure, it was inevitable that a challenger would emerge — though few expected it to wear a red hat and run a social media company. Trump Media & Technology Group’s recent announcement that it holds roughly $2
Bitcoin’s on-chain velocity—how often coins move—is at decade lows. To some, that’s a red flag: has Bitcoin lost momentum? Is it still being used? In fact, falling velocity may be the clearest signal yet that Bitcoin is maturing, not stagnating. Instead of circulating like cash, Bitcoin is increasingly being held like gold. A Shift in
Crypto exchange-traded funds on U.S. exchanges recorded their strongest month ever in July, attracting $12.8 billion in net inflows as investor enthusiasm surged alongside rising token prices and optimism around regulation. The data, reported by Bloomberg Intelligence’s Eric Balchunas, marks a new monthly record for the sector. The only month that came close was November
Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020. The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central
Cryptocurrency analyst Joao Wedson said in his latest assessment that Bitcoin is nearing the end of the cycle for long-term investors, but argued that the bull market is not completely over yet. According to Wedson, there could be at least two more months of upward movement for Bitcoin and three more months for altcoins. Wedson
Bitcoin investors may be entering their toughest period of the year. Historically, August and September are among the weakest performing months for Bitcoin (BTC). Prices have fallen in these two months in 8 of the last 12 years, implying a probability of decline of approximately 67%. Data shows that Bitcoin generally performs poorly in the
US President Donald Trump announced that he has ordered the deployment of two nuclear submarines near Russia following escalating tensions. This move is being seen as a response to harsh statements by former Russian President Dmitry Medvedev. Trump shared the following on Truth Social: “Just in case these foolish and inflammatory statements are not just