In a significant development for the European crypto landscape, Dutch cryptocurrency service provider Amdax has announced a substantial fundraising achievement. The firm successfully secured an impressive $23.4 million, earmarking these funds for strategic BTC investments. This move underscores a growing trend of institutional confidence in Bitcoin and its long-term potential. What Does This Funding Mean
Bitcoin BTC$110,097.95 remains in correction mode after reaching its all time high of more than $124,500, now hovering near $110,000. Glassnode’s weekly newsletter highlights mounting stress among top buyers as the cost basis of investors over the past six months comes under pressure. The firm noted, “Any relief rally is therefore likely to encounter resistance,
Recent data reveals that Bitcoin miners have picked up the pace of their BTC sales. This selling spree coincides with heightened macroeconomic anxiety, triggered mainly by high US inflation indicators. According to the on-chain data platform Glassnode, Bitcoin miner wallet balances consistently declined from August 11 to August 23. Sharp Contrast: From Accumulation to Selling
Charlie Shrem, an early Bitcoin advocate, entrepreneur, and a founding member of the Bitcoin Foundation, has addressed the global crypto community as he revisited an important BTC forecast he made several years ago. He stated that his prediction is coming true much faster than he could have expected. “It’s happening faster than I thought”: Shrem
Bitcoin price has struggled over the past 30 days, dropping more than 6% while Ethereum gained over 16% in the same period. In the past week, BTC slid another 2% and is currently trading just below $111,000. This level is critical because the invalidation point lies around $108,600 — a breakdown there could expose Bitcoin
The largest institutional asset manager, BlackRock, continues to purchase Bitcoin. It purchased 568 BTC today, which is approximately $63 million. This indicates that the market remains unstable yet big investors still trust Bitcoin. Institutional Accumulation Accelerates Cryptocurrency analytics platforms indicate that BlackRock has just purchased 568 BTC (approximately $62.6-63.3 million) of coins at once. The
The cryptocurrency world is buzzing with a truly monumental development: Bitcoin’s market cap has officially surpassed the combined valuation of global payment behemoths Visa and Mastercard. This significant milestone highlights a dramatic shift in the global financial landscape, capturing the attention of investors and enthusiasts alike. What Does This Monumental Bitcoin Market Cap Achievement Mean?
Blockchain sleuth Whale Alert, which monitors large cryptocurrency transfers and shares the details on its website and X account, has spotted five hefty transactions, carrying almost $2.5 billion worth of Bitcoin. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,000 #BTC (222,234,876 USD) transferred from unknown wallet to unknown wallethttps://t.co/GyYc9ssspr — Whale Alert (@whale_alert)
The debate over who invented Bitcoin resurfaces every few months, and this week, a familiar name drew the spotlight again. An old photo of Hal Finney, who received the first Bitcoin transaction in 2009, was posted on X, suggesting that people still doubt the possibility that he was Satoshi Nakamoto. The post received over a