Today, Sora Ventures announced the launch of Asia’s first Bitcoin treasury fund, unveiled during Taipei Blockchain Week. The fund, backed by a $200 million commitment from partners and investors across the region, aims to purchase $1 billion worth of Bitcoin within the next six months, according to a press release sent to Bitcoin Magazine. This
Bitcoin’s (BTC) price recovery has gathered traction in the lead up to Friday’s U.S. jobs report. The leading cryptocurrency by market value rose to $113,000, its highest level since Aug. 28, and recorded its first higher high since the mid August all time peak of $124,000, according to CoinDesk data. In technical terms, a higher
Bitcoin’s (BTC) lack of short-term bullish drivers and worsening technical outlook has prompted one analyst to plan bids at lower price levels to capitalize on a potential market freakout. “I will leave bids at $94,0000 and $82,000 in case of a freakout,” Brent Donnelly, president of Spectra Markets, said in a market update. “If my
The bitcoin BTC$111,596.84 bull run has already stalled with ongoing sales from long-term holder wallets and a slowdown in ETF inflows. To make matters worse, another lesser-known but significant market variable appears to be turning against BTC bulls, signaling new challenges on the horizon. That market variable is the MOVE index, created by Harley Bassman,
Bitcoin continues to tread water as traders await U.S. labor market figures on Friday, a key data point that could influence the Federal Reserve’s interest rate decision later this month. The crypto remains little changed on a 24-hour basis, having clawed back losses earlier in the day’s trading session. Bitcoin is hovering near $111,100, CoinGecko
The recent Bitcoin (BTC) price correction has sent ripples through the broader cryptocurrency market, pushing many assets into the red. On Tuesday, Bitcoin fell below $110,000, marking a 12% decline from its all-time high. Experts are now warning that the situation could worsen as October approaches. Crypto Market’s Imminent Downturn Market analyst OxPepesso took to
Bitcoin price is attempting a recovery wave above $111,500. BTC is now rising and might gain pace if it clears the $112,000 resistance level. Bitcoin started a recovery wave above the $111,000 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with
Bitcoin (BTC) trades within a consolidation range between $104,000 and $116,000, with on-chain data revealing critical levels that could determine the next directional move. According to a Sept. 4 report by Glassnode, Bitcoin entered a volatile downtrend following its mid-August all-time high, declining to $108,000 before rebounding toward current levels. The UTXO Realized Price Distribution
Corporate Bitcoin treasury adoption has hit a huge milestone, reaching 1 million Bitcoin as more companies tout Bitcoin’s potential to bolster their balance sheets. BitcoinTreasuries.NET confirmed the feat on Thursday, with a few additional purchases pushing the tally to 1,000,698 Bitcoin, worth over $111 billion. While Bitcoin miners like MARA Holdings were the OG Bitcoin
Get ready, crypto enthusiasts! A significant event is on the horizon that could shake up the market: a massive Bitcoin options expiry. On September 5th, a staggering $3.4 billion worth of Bitcoin options are set to expire, an event that often brings increased volatility and trading activity. What does this mean for your portfolio, and