Norway’s sovereign wealth fund, the world’s largest, now holds indirect exposure to approximately 11,549 Bitcoin, according to a report by The Block, citing research from K33 Research. The figure, which covers the first half of this year, marks a significant increase of over 60% compared to the same period last year, driven largely by the
Bitcoin miners are surprisingly resilient despite the $BTC trading below its $76,500 average production cost. At press time, $BTC traded at $63,300, around 17% below its average mining cost. In other words, it’s relatively expensive to mine $BTC at current prices. On top of higher production costs, daily miner revenue (block subsidy plus transaction fees)
Bitcoin price is trading near $63,000 after repeated failures above $65,000, with US spot Bitcoin ETF outflows and weakening short-term price action keeping $BTC under pressure. According to SoSoValue data, US spot Bitcoin ETFs recorded about $131 million in net outflows on August 13, extending a run of withdrawals that has reduced one of Bitcoin’s
An attempt by the radical wing of the Bitcoin community to forcibly purge the network of nonfinancial data had the opposite effect. Just days after the high-profile failure of the BIP-110 soft fork, designed to temporarily limit the amount of data bloating the network, Bitcoin was flooded with deliberately “heavy” blocks. Ripple CTO Emeritus David
Bitcoin price has fallen 2% from $63,895 to an intraday low of $62,667 on Aug. 14 as spot selling, a $125 million whale short, and weak derivatives demand pushed the price toward a key support zone. Bitcoin price action today points to seller control According to data from crypto.news, Bitcoin ($BTC) price was trading near
With its 365-day running return on investment now firmly below 1, Bitcoin has crossed an unsettling threshold for long-term holders. The most recent reading of roughly 0.514 indicates that Bitcoin is only worth roughly 51% of what it was a year ago, making the trailing 12-month holding period clearly unprofitable. Negative period for the market
Bitcoin price is stuck within a narrow range, consolidating between $63,000 and $64,000, failing to deliver an upside action after the latest U.S.inflation data. July CPI came in broadly in line with expectations, while PPI was more favourable, rising 0.0% month-over-month versus forecasts of a 0.2% increase. Treasury yields declined as expectations for further rate
Ross Gerber, founder and CEO of asset manager Gerber Kawasaki Wealth, has publicly stated that MicroStrategy co-founder Michael Saylor’s approach to Bitcoin has made him skeptical about the cryptocurrency. In a post on X (formerly Twitter), Gerber said he could no longer take Bitcoin seriously, citing Saylor’s influence and actions as a key factor in
The S&P 500 closed Thursday at a record 7,798.99, while Bitcoin traded at $63,347.73, only a few hundred dollars above an on-chain level that had absorbed every test above it for more than a month. Sellers appear increasingly exhausted, yet new demand remains too weak to pull price away from support, even on a day
An anonymous trader has increased a leveraged Bitcoin short position on Hyperliquid to approximately $125.37 million, making it the largest $BTC short currently visible on-chain, according to blockchain analytics platform Lookonchain. Position details and leverage The wallet address, starting with 0xff84, now holds a short position of 2,000 $BTC at 40x leverage. The average entry