Microtransactions below 0.01 Bitcoin ($BTC) now account for roughly 80% of all daily transactions on the network, pushing transaction activity close to record highs despite weak price performance. The surge has pushed CryptoQuant’s Bitcoin “Network Activity Index” into positive territory for the first time since 2024, according to a Thursday report by the blockchain data
Bitcoin Got the Wrong Crash Crypto investors usually know exactly which crash they would rather see: oil, not Bitcoin. When oil prices fall sharply, the market often reads it as good news for risk assets. Lower oil can reduce inflation pressure, improve the outlook for interest rate cuts, and support assets like Bitcoin, Ethereum, Solana,
Bitcoin $BTC$62,575.01 traders are scrambling to position for a deeper selloff, snapping up put options that would deliver big payouts if prices slide all the way down to $52,000 in the coming weeks. In the past 24 to 48 hours, crypto exchange Deribit saw heavy buying of short- and near-dated put options, spanning expirations from
BlackRock’s spot Bitcoin exchange-traded fund has been a gateway for new investors to enter the wider ETF market, according to Jay Jacobs, US head of equity ETFs at BlackRock. Around three-quarters of investors in BlackRock’s iShares Bitcoin Trust ETF have never owned an ETF before, Jacobs told Cointelegraph on the Chain Reaction podcast Thursday. “IBIT
Bitcoin’s Rebound Leaves Recent Buyers Under Pressure Bitcoin has stabilized after a sharp selloff that coincided with rising geopolitical tensions and a broad retreat in risk assets. The recovery has eased some of the market stress seen earlier this month, yet blockchain data suggests investors are still navigating conditions historically associated with bear markets. On-chain
Brian Armstrong Reaffirms Bullish Bitcoin Outlook and Long-Term Position Coinbase Global Inc. (Nasdaq: COIN) CEO Brian Armstrong reaffirmed his bitcoin stance in an X post, writing that he remains long the crypto asset and continues to hold a bullish view. His comments accompanied a video he shared discussing bitcoin’s role, market cycles, and his expectation
The Bitcoin [$BTC] recovery in March and April restored some positive sentiment in the market, but the retracement below $60k in early June dented this optimism once again. The $60k-$70k was a key demand zone, both from a technical standpoint and based on on-chain metrics’ findings. AMBCrypto reported that 20% of the $BTC circulating supply
Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made striking statements on a number of critical issues, ranging from Bitcoin cycles and global regulations to the threats of artificial intelligence (AI) and the future of quantum computing, during his appearance on the Galaxy Brains podcast. Evaluating the current state of the
Bitcoin has fallen nearly 3% toward $63,000 after stronger-than-expected U.S. labor market data reinforced the Federal Reserve’s hawkish outlook and reduced expectations for short-term rate cuts. According to U.S. Department of Labor data, initial jobless claims fell to 226,000 for the week ended June 13, down from a revised 230,000 in the prior week. The