Pantera Capital, a prominent digital asset investment firm, has observed a notable change in market behavior, with traders and funds reportedly moving from short to long positions on Bitcoin. The shift comes as the cryptocurrency recently broke above its 200-day moving average, a technical indicator closely watched by institutional investors. Market correction and recovery According
Bhutan’s royal government has transferred 10.779 Bitcoin ($BTC), valued at approximately $835,000, to two newly created wallet addresses, according to blockchain tracking platform Onchain Lens. The transaction was detected on-chain, but the specific purpose or destination of the funds has not been publicly disclosed. Context: Bhutan’s Growing Crypto Holdings The transfer comes amid growing international
Bitcoin [$BTC] surpassed the $79,000 level as it extended its five-day rally to more than 30%. Institutions have mixed actions, as BlackRock continues to buy while others like Jump Crypto are taking profits. The retracement back to $77K after massive liquidations hints that a bigger correction might be coming. Here are the full details of
Grayscale Sees 3 Factors Converging for Bitcoin Buyers Bitcoin may now offer a worthwhile buying opportunity for investors with long-term horizons, according to Grayscale Head of Research Zach Pandl. In an Aug. 21 assessment of whether it is a good time to buy bitcoin, Pandl framed the decision around three questions, although he stressed that
Bitcoin has suddenly regained the relative ground it had lost to the S&P 500 over the previous three months. In other words, Bitcoin had been performing worse than U.S. large-cap stocks during that period. However, its sharp rally over the past 72 hours was strong enough to close that entire performance gap. According to Glassnode’s
The Treasury Trigger Bitcoin had spent six weeks pinned between $60,000 and $65,000 before this week’s breakout. The move began after the US Department of the Treasury said it would at least double the size of its liquidity-support buyback operations for longer-dated coupon securities, raising the maximum from $2 billion to $4 billion per operation.
In brief In an interview with Decrypt, Bitcoin Red Team member Calle said Chinese AI models are used far more than U.S. models for security research because American models often block cybersecurity-related requests. The group has proactively scanned much of Bitcoin’s significant open-source ecosystem and works directly with projects to identify and fix vulnerabilities. Calle
Cathie Wood, CEO of ARK Invest, has once again voiced a long-term bullish outlook for Bitcoin, suggesting that the cryptocurrency could reach $1.5 million in a bull-case scenario. Wood made the remarks during a recent appearance on the podcast ‘Moonshots,’ where she discussed Bitcoin’s maturation as an institutional asset class and its potential for significant
Riot Platforms, one of the largest U.S. Bitcoin mining companies, may be positioned to recover as much as 1,547 $BTC from additional collateral it posted during a loan agreement with Coinbase, according to a recent analysis. The potential recovery follows a rebound in Bitcoin’s price, which has improved the loan-to-value ratio of the collateral backing
Adam Back-led BSTR’s plan to become a public Bitcoin treasury company through Cantor Equity Partners I, a special-purpose acquisition company, ended on Aug. 20. The collapse leaves a $15 million cash obligation with two fixed deadlines. Under the executed termination agreement, BSTR Holdings (Cayman) must pay Cantor Equity Partners I. The entity, defined in the