Despite sellers’ pressure, some coins remain in the green zone today, according to CoinStats. BTC/USD The price of Bitcoin (BTC) has declined by 0.36% since yesterday. On the hourly chart, the rate of BTC is looking bullish as the price is about to again test the local resistance level. If it breaks out, the accumulated
Bitcoin’s strong July rally may be giving bulls a reason to smile, but the next page on the calendar brings a very different tone. From a statistical perspective, August is Bitcoin’s worst-performing month, and price history suggests that trouble may be on the horizon. Of all the months, August has the lowest median return, at
Michael Saylor just revealed the latest numbers behind Strategy’s Bitcoin strategy — and they are bigger than ever. So far this year, the company has gained 93,191 BTC, which is about $11.1 billion at today’s prices. That includes 5,668 BTC added in the first three weeks of July alone, valued at roughly $676 million. There
Cryptocurrency analyst and trader Ali Martinez, known on the X social media platform as @ali_charts, believes that the world’s flagship cryptocurrency, Bitcoin, has odds of soaring much higher than the recent all-time high very soon. The analyst has published an X post with a Bitcoin chart attached, showing how BTC can soar as high as
After several days of straight inflows, the funds logged hundreds of millions in outflows, putting the first crack in their record run of fresh capital. Spot Bitcoin ETFs just ended their multi-day inflow streak, logging about $131 million in net outflows on July 21, according to SoSoValue data. This marks the first red day for
TD Cowen countered criticism that Strategy’s (STR) market capitalization should be indexed solely to Bitcoin assets, stating that this approach is logically flawed. TD Cowen: Strategy’s Premium Value Justified by Bitcoin Capital Cycle Analysts argue that the company’s aggressive share issuance increases investors’ stake in the stock rather than diluting it. Strategy’s market capitalization currently
Amid the surging interest in Bitcoin among institutional players, this article highlights the top 20 largest BTC holders. Institutional interest in Bitcoin has continued to skyrocket over the years. Major corporate entities, including publicly traded firms like MicroStrategy, currently hold substantial amounts of BTC in their reserves. These companies are spread across various industries globally,
U.S.-listed spot bitcoin exchange-traded funds saw net outflows of $131.4 million on Monday, breaking a 12-day streak of uninterrupted inflows that brought in over $6 billion, according to data from Farside Investors. The pullback came as bitcoin BTC$119,041.02 itself traded mostly flat to start the week. Prices continue to hover in a tight range on
After years of silence, a SpaceX-linked wallet has suddenly moved $152 million in Bitcoin, prompting fresh concerns over what it could mean for BTC’s next price move. According to data from blockchain analytics platform Arkham Intelligence, on July 22, a wallet linked to Elon Musk’s multibillion-dollar space enterprise, SpaceX, had transferred 1,308.45 BTC, valued at
Singapore-based artificial intelligence-driven edtech firm Genius Group doubled its Bitcoin treasury to 200 BTC as part of its long-term strategy to build a 10,000-BTC treasury reserve. According to a Tuesday announcement, Genius Group acquired 20 Bitcoin (BTC) on July 18. Bitcoin traded between $117,000 and $120,600 on the day, according to Nansen data. The announcement