Michael Saylor, the co-founder and executive chairman of the Bitcoin-stacking firm Strategy, has taken to his official X account to spread the word about the US government finally recognising Bitcoin as a treasury asset. Saylor reposted a Bitcoin statement made by the US Treasury secretary, adding his comment to that message. That US Treasury secretary’s
The world of finance is buzzing with significant news! U.S. banking giant Wells Fargo has dramatically increased its Wells Fargo IBIT holdings in the second quarter of this year. This move signals a growing trend of institutional engagement with digital assets, specifically through Bitcoin ETF investment. Previously holding $26 million, Wells Fargo’s stake in BlackRock’s
Leading cryptocurrency Bitcoin has witnessed heightened volatility this week, marked by sharp price swings and fresh record highs. Just yesterday, the coin surged to a new all-time high of $123,731 before retreating. Now trading at $119,937, the asset has pulled back by roughly 4% from its peak. However, despite these fluctuations, on-chain data has revealed
Treasury Secretary Scott Bessent confirmed the US will not purchase Bitcoin (BTC) to build its Strategic Bitcoin Reserve (SBR). Instead, it will rely solely on assets from legal seizures. This approach has sparked criticism for potentially limiting reserve growth. As the debate in Washington shifts to how the country might still strengthen its position in
Bitcoin recently formed a new all-time high (ATH) of $124,474, before experiencing a 3.5% decline in the last 24 hours. This drop follows a trend observed by CryptoQuant data, indicating that whales (large holders) may be selling their positions. The selling activity is directly affecting Bitcoin’s price as it moves from the ATH. Bitcoin Whales
Bitcoin price is trimming gains from the $124,000 zone. BTC is now consolidating below $120,000 and might aim for a recovery wave. Bitcoin started a downside correction from the $124,000 zone. The price is trading below $122,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with
A new study from Satoshi Action Education projects a 75% probability that Bitcoin will exceed $4.81 million by April 2036. The research, led by economist Murray A. Rudd, uses an updated probability model to examine how supply constraints and institutional demand could influence long-term valuations. Supply Shock Scenarios and Bitcoin Price The updated results show
The cryptocurrency world is buzzing with significant news! Hong Kong-based family office Avenir Group has made a groundbreaking move, disclosing a massive $1.01 billion holding in BlackRock’s spot Bitcoin ETF (IBIT). This substantial investment underscores a powerful trend: the accelerating institutional Bitcoin adoption within the global financial landscape. It’s a clear signal that major players
Since Aug. 10, following a string of four 100 BTC transactions from 2012, nearly 1,800 BTC—worth over $212 million—has moved for the first time in years over the past four days. Old-School Bitcoin Stashes Continue to Wake After our report on 400 BTC shifting from separate bitcoin addresses first established in 2012, another similar transaction