In an unexpected development, Coinbase’s Wrapped Bitcoin (WBTC) has seen a staggering 6,887% surge in large transaction volume, sparking attention in the crypto community. On-chain data shows that whale activity involving Coinbase Wrapped Bitcoin has skyrocketed in the last 24 hours, indicating increased movement or interest in the asset. According to IntoTheBlock data, large transaction
A spike in upside liquidity suggests that Bitcoin (BTC) may be positioning for another short squeeze. Trading above $116,506 at the time of writing, Bitcoin faces nearly $18 billion in leveraged short positions, with the heatmap showing a liquidation zone near $120,000, according to CoinGlass data gathered on August 7. The chart below pinpoints the
During a recent appearance on CNBC’s “Squawk Box,” Galaxy CEO Mike Novogratz stated that the Bitcoin price will keep going up as long as government overspending remains a thing. “I think you’re going to continue to see Bitcoin appreciate as long as we have governments that can’t spend less than they take in revenue. And
Donald Trump made his key pro-crypto statements during the 2024 Nashville crypto conference. He notably said, “For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your Bitcoin.” He repeated this when signing the law that created the Strategic Bitcoin Reserve. In the past, the U.S. government
TL;DR With US interest rate cut odds in September jumping to almost 80%, markets may start pricing in bullish momentum early – potentially benefiting BTC throughout August. Some analysts believe the asset has yet to enter its “thrill” and “euphoria” phases, which can lead to a renewed price rally. Major Gains This Month? Bitcoin (BTC)
Bitcoin Price Prediction: Trump Just Made BTC a Retirement Asset Bitcoin ($BTC) has been trading sideways over the past few days, hovering around the $114,000 mark after recovering from a local low of $112,000. But a major catalyst is emerging that could shift the entire market sentiment: President Trump is set to sign an executive
A groundbreaking development is unfolding where traditional finance meets digital assets. UK-listed gold company ECR Minerals recently announced a bold move: the adoption of a Bitcoin treasury strategy. This decision signals a significant shift, as the company plans to allocate up to 50% of its surplus cash and free cash flow from gold production towards
Exciting news from the world of corporate finance and digital assets! Japanese fashion brand ANAP Holdings has just made another significant ANAP Bitcoin purchase, signaling a strong commitment to the cryptocurrency space. This latest acquisition positions the company closer to its ambitious goal, highlighting a growing trend in the global market for digital assets. What
The U.S.-listed Bitcoin-tracking exchange-traded funds have finally broken their losing streak, snapping back with a positive trading session after days of heavy outflows. Summary U.S.-listed Bitcoin ETFs pulled in $91.6 million in net inflows on August 6, snapping a multi-day outflow streak. Bitcoin is currently hovering near $115,000, down about 6.5% below its $123,000 all-time