Strategy Inc. co-founder and executive chairman Michael Saylor said Monday that the company had a massive $3.9 billion fair value gain on its Bitcoin holdings during the third quarter of the year. On Saturday, Bitcoin (BTC) reached a new all-time high of $125,000 as exchange balances plunged to six-year lows. Saylor’s Strategy, a company known
Various optimistic forecasts about the price of Bitcoin are starting to circulate. However, it is necessary to make a couple of important clarifications to avoid excess enthusiasm that could mislead investors’ operational decisions. The situation indeed appears rosy because it probably is, but it is not certain that the current scenario is destined to last
Japanese public company Remixpoint has continued its aggressive accumulation of Bitcoin. It purchased an additional 18.54 BTC. This brings the company total holdings to 1,368.8 BTC. It is currently valued at approximately $169.7 million. Remixpoint now ranks 41st among global Bitcoin holders. Which reflects its growing significance in the crypto landscape. JUST IN: Japanese public
CryptoQuant data indicates that Bitcoin whale selling pressure began to shift in October. On-chain analysis revealed the 30-day percentage change in the amount of Bitcoin held by whales, where the negative values indicate that whales have been creating selling pressure. On-chain analyst Burak Kesmeci also noted that there has been a decline in whale balances
BlackRock, the world’s largest asset manager, is preparing to launch its much-anticipated Bitcoin ETP in the UK within days. The iShares Bitcoin ETP is set to list on or after October 8, marking a major step for Bitcoin investment in one of the world’s key financial markets. This move signals a new era of accessibility
Bitcoin is trading at $124,297 to $124,430 over the past hour with a market cap of $2.47 trillion and a 24-hour trade volume of $51.11 billion, dancing in a tight intraday range between $122,538 and $124,418. Less than 1% away from its all-time high, the world’s largest cryptocurrency is swaggering just below the summit with
With the third quarter now fully in the books, the original bitcoin treasury company Strategy (MSTR) reported a $3.9 billion gain on its mammoth holdings of BTC for that three month period. Alongside, the compnay confirmed what had been teased by its Executive Chairman Michael Saylor over the weekend — that it did not add
Bitcoin (BTC) has broken out of the downward trend it has been experiencing since mid-August and experienced a massive surge in just one week. Bitcoin, which rose from $110,000 to $124,000 in a short time, broke a new record by exceeding $125,000 over the weekend. QCP Capital, a cryptocurrency platform that draws attention with its
Gold and Bitcoin both hit new all-time highs, rekindling discussion about whether the two assets are more intertwined than previously believed. Bitcoin is a decentralized scarce asset that has historically been framed as digital gold–a hedge against inflation and the volatility of fiat currencies. Simultaneous ATHs At this point, the analogy is being tested in
With Bitcoin (BTC) retreating from its weekend record high of $125,000, the asset faces the threat of further losses as traders take profits. In this line, the TD Sequential indicator has flashed a sell signal on Bitcoin’s 12-hour chart, a pattern that often precedes short-term corrections, according to insights shared by analyst Ali Martinez in