Story Highlights Over 80% of all Bitcoin is now held by long-term holders, limiting supply. CrediBULL Crypto believes tight supply could push Bitcoin’s price beyond the $150,000 mark. Previous price jumps happened when long-term holders dominated, history may repeat once again. Strategy leads public firms holding Bitcoin as a treasury asset, locking away more bitcoins.
In a groundbreaking financial move, Nakiki SE declared its decision to use Bitcoin as its exclusive treasury asset. As the first public company in Germany to adopt such a “pure Bitcoin treasury” strategy, Nakiki SE plans to align its operations with the tactics utilized by Michael Saylor. This maneuver resonates with a global trend among
MetaPlanet, a Japanese company that has attracted attention with its Bitcoin investment strategy, once again maintained its title as the most traded stock in the Standard Market segment of the Tokyo Stock Exchange with a trading volume of 1.86 trillion yen in June. Investor Interest in MetaPlanet Shares Grows: June Trading Volume Reaches 1.8 Trillion
BlackRock’s iShares Bitcoin Trust (IBIT) now holds 700,000 bitcoin BTC$108,479.48 , according to Glassnode data, and has amassed $76 billion in assets under management in just 18 months, outstripping both the iShares Core S&P 500 ETF (IVV), which tracks the U.S. equity benchmark, and iShares Russell 2000 ETF (IWM), which tracks the performance of small-cap
With the United States Securities and Exchange Commission (SEC) focusing on institutional reforms rather than XRP spot ETF approval, XRP investors’ hopes are fading. According to prediction platform Polymarket, by the end of July the probability of approval for an XRP spot ETF had dropped to just 7%, down from 50% in April and 32%
A group of technical analysts has convinced themselves that the price of bitcoin (BTC) strongly correlates with M2 money, yet their compelling charts decorrelate on even the simplest zoom modification. Of course, the narrative of BTC — set in stone since Satoshi Nakamoto’s genesis block inscription about bank bailouts — is that BTC should displace
Despite topping $111,000 in May, Bitcoin has struggled to sustain higher levels in recent weeks. The slowdown could be due to long-term investors taking profits, according to Tom Lee, director of research at Fundstrat Global Advisors. “We have clients who bought Bitcoin at $100. Even if Bitcoin goes to $1 million, they’ll probably sell at
In the dynamic world of digital assets, every move by a significant player sends ripples across the market. The recent announcement that UK-based Web3 investment firm Coinsilium has purchased an additional 14.9 BTC, bringing its total holdings to a remarkable 88.63 BTC, is more than just a transaction. It’s a strategic declaration of confidence in
A popular crypto analyst says that Bitcoin’s (BTC) current bull market cycle may reach an end if one key event occurs. In a new YouTube video, Benjamin Cowen tells his 904,000 subscribers that a Bitcoin price dip below the 50-week simple moving average (SMA) on the weekly timeframe may mark the end of the bull
Investment firm Calamos has unveiled a new investment strategy aimed at limiting Bitcoin’s downside potential. Bitcoin (BTC) is becoming increasingly attractive to institutions, but many still view it as too risky. In response, on June 7, global investment firm Calamos introduced its “protected Bitcoin” strategy, designed to limit both the downside and the upside of