BlackRock’s iShares Bitcoin Trust, ticker IBIT, is a spot Bitcoin ETF that lets investors gain direct exposure to Bitcoin’s price through a standard brokerage account, without holding cryptocurrency themselves. Approved by the U.S. Securities and Exchange Commission in January 2024 as part of a simultaneous approval of ten spot Bitcoin ETFs, IBIT has since become
Bitcoin ($BTC) price could reach $256,000 within 12 months, according to Adam Livingston, an advisor to Saturn Credit, who argues the flagship coin is now historically cheap relative to gold (XAUT). In an X post on June 11, Livingston stated that the gold-to-Bitcoin ratio is now about 76% below its long-term power-law fair value. As
Bitcoin has confirmed a major rounding top breakdown after losing the $65,000 support zone, with technical indicators and derivatives positioning pointing to a possible decline toward the mid-$40,000 range. According to data from crypto.news, Bitcoin ($BTC) price traded near $62,900 on June 11 after recovering from a sharp selloff that briefly pushed the asset below
Strategy (MSTR) CEO Phong Le has clarified that the company’s recent sale of 32 Bitcoin was not a sign of financial trouble but a deliberate operational test. In an interview with CNBC, Le explained that the transaction was designed to confirm the flexibility of the company’s asset systems and to coordinate dividend payments for its
A large, anonymous Bitcoin holder, identified by the wallet address beginning with bc1q2, has withdrawn an additional 618 Bitcoin from the cryptocurrency exchange OKX. The transaction, valued at approximately $38.02 million, was reported by the on-chain analytics platform Onchain Lens. Accumulation Continues This latest withdrawal brings the total holdings of this particular address to 2,341
Samsung Electronics has once again overtaken Bitcoin in global market capitalization, reclaiming the 13th position among the world’s most valuable assets, according to data from CompaniesMarketCap as of June 11. The shift reflects a broader divergence between the ongoing weakness in cryptocurrency markets and a sustained rally in South Korean semiconductor stocks, with Samsung Electronics
At the time of publication, Bitcoin is trading at $62,557, below its power law fair value of $134,761 and beneath the lower band of $67,380. According to analyst Mark Harvey, Bitcoin has rarely deviated this far from the power law model. Each time it reached this level of undervaluation relative to the model, a significant
Nasdaq-listed company Nakamoto (ticker: NAKA) has sold 600 Bitcoin and related derivatives to repay outstanding debt, the firm announced in a press release. The transaction reduces the company’s total Bitcoin holdings to 4,467 $BTC, marking a notable shift in its corporate treasury strategy. Debt Reduction Through Bitcoin Liquidation Nakamoto, which has been strategically accumulating Bitcoin
Over the past weeks, Bitcoin has declined significantly in price, putting the market in fear as many retail and institutional traders begin to take extreme caution. While Bitcoin’s downtrend had persisted, the asset saw a major decline during the last week when it plunged to an extreme low of $59,000. Bitcoin drops within 9% of
In brief U.S. spot Bitcoin ETFs have shed $2.1B in June, pacing May’s $2.4B total outflows. Net assets declined $33B from $109B to $77B in the past month, in line with Bitcoin’s 27% drop. Analysts argued that the pace of ETF outflows is “exhausting rather than building,” but offered differing views on what could turn