Metaplanet, the Japan-listed company known for its substantial Bitcoin treasury, has transferred 1,000 $BTC — valued at approximately $79.77 million — to Coinbase Prime, according to blockchain tracking firm Lookonchain. The transaction, which occurred about an hour ago, has drawn attention from market observers because exchange deposits are often interpreted as a precursor to selling.
None of these layers necessitate staking, changes in the protocol, or any new currency imitating Bitcoin. Essentially, they work under known capital market schemes that have already been used for mortgages, municipal bonds, and preferred stocks. “Bitcoin remains Bitcoin. The world builds on top.” — Michael Saylor, Bitcoin, Digital Credit, and Digital Money, June 16,
Bitcoin’s recent price surge is drawing attention from institutional investors as doubts grow over the returns from AI-related equities, according to Bill Miller IV, CIO of Miller Value Partners. In a recent interview with CNBC, Miller highlighted that long-term investors are increasingly turning to cryptocurrency as a hedge against fiscal instability, signaling a potential rotation
In El Zonte, the coastal village known as “Bitcoin Beach” and once celebrated as a flagship of El Salvador’s Bitcoin adoption, Bitcoin payments have all but disappeared. Bitcoin Core developer Jon Atack told Bitcoin.com that when he attempted to pay with Bitcoin at a local restaurant, a staff member responded in English, “this month’s first
The 365-day moving average around $83,000, which may prove to be one of Bitcoin’s most significant technical tests, is now within striking distance of the asset thanks to its comeback. Bitcoin is currently trading between $80,000 and $81,000 after an incredible comeback from the $63,000 to $64,000 range. Even more challenges to come Several significant
Bitcoin $BTC$79,380.27 has surged by 25% to $80,000 in a week. Still, one bastion needs to fall before the bulls can claim victory. That hurdle is the simple moving average price over the past 50 weeks, currently around $81,087. Historically, reclaiming this level has been one of the clearest signs that a bear market is
Bitcoin completed a remarkable turnaround in the past week, surging from under $65,000 on Wednesday to a three-month high above $81,000 earlier this morning. The move began abruptly on August 19, accelerated in the following days, and, unlike the previous breakout attempts, was not halted painfully in its tracks. Obviously, something changed in the market,
In a notable move that underscores the current bullish sentiment in the cryptocurrency market, two whale wallets—believed to be controlled by the same entity—have closed their Bitcoin long positions after holding them for approximately two months. The transactions, executed about an hour ago, locked in a combined profit of $11.6 million. Details of the Trade
Bitcoin ($BTC) price action is offering mixed signals after hitting $80,000 as traders diverge on market trajectory. Key points: Bitcoin weekly relative strength index (RSI) reaches 58.3, repeating a bullish divergence that accompanied the end of the 2022 bear market. Daily RSI values reach their most “overbought” since November 2024 near 83. Stochastic RSI prints
Bitcoin’s $BTC$80,733.47 recent staggering price rise has some traders paying millions for upside exposure. On Monday, one or more traders bought 2,000 bitcoin call-option contracts with an $82,000 strike price expiring on Sept. 4, according to data tracking platform Laevitas. The trade effectively bets that bitcoin’s spot price, currently near $80,000, will rise above $82,000