Bitcoin reached a new all-time high today, but has shed over $5,800 since the high. Here’s what could be fueling the correction. There have been mixed reactions in the cryptocurrency market today, particularly with the massive price fluctuation seen with Bitcoin. Much earlier today, the crypto firstborn attained a new all-time high of $124,277. However,
Strategy (formerly MicroStrategy) and El Salvador showcased huge paper gains from their Bitcoin holdings after the flagship crypto surged to a new all-time high above $124,000. Strategy’s Bitcoin holdings reach ATH On Aug. 13, Strategy Chairman Michael Saylor announced that the company’s Bitcoin portfolio had reached a record high of $77.2 billion. This nearly doubles
Bitcoin spot exchange-traded funds are on pace to hold more than 1.5 million BTC by year-end if current inflow rates persist, according to holdings data tracked by WalletPilot. This would allocate more BTC to ETFs than most estimates for lost coins, which stand around 1.4 million BTC. U.S. spot ETFs collectively hold about 1.296 million
US Treasury Secretary Scott Bessent, who openly called for the FED to cut interest rates in his statements yesterday, made new statements today. Speaking to Fox Business, Treasury Secretary Scott Bessent made important statements about the US cryptocurrency reserve. Stating that the US will keep gold as a store of value, Bessent said that he
Institutional DeFi platform Sentora published a new report on Thursday, arguing that the corporate adoption of bitcoin BTC$117,101.92 as a treasury asset, while popular, resembles a “balance sheet roulette.” “Bitcoin’s scarcity and programmability make it an unprecedented corporate asset — but without scalable yield and durable financing, most current adopters are playing a dangerous game
Bitcoin vs Google: A New Market Cap Rivalry In a headline-grabbing achievement, Bitcoin has overtaken Google (Alphabet Inc.) to secure the 5th spot among the world’s most valuable assets. This milestone cements BTC’s place alongside the largest companies and commodities in the global economy, reinforcing its role as a legitimate store of value. But the
The cryptocurrency world is buzzing with truly exciting news! On-chain market intelligence platform Glassnode recently shared a remarkable insight: an astounding 99% of the entire Bitcoin supply is currently in profit. This figure is not just a fleeting moment; it highlights a profound underlying strength in the overall BTC market structure. What Does “99% Bitcoin
Michael Saylor, Bitcoin (BTC) mega accumulator and advocate, has dropped a powerful message as several altcoins eye an all-time high (ATH). Saylor took to the social media platform X to express his thoughts, as many investors in the cryptocurrency space become excited about the ongoing bullish momentum. Bitcoin price soars above $124,000 In a post
Meliuz, the largest Bitcoin Treasury Company ( BTC) in Latin America, posted one of the best financial results in its history, achieving a year-over-year cash revenue of nearly $9 million as the company completed the first quarter of its public bitcoin pivot. Meliuz Breaks Financial Records After Pivoting to Bitcoin, BTC Yield Swells Bitcoin Treasury