Bitcoin’s $BTC$64,959.26 price has stopped falling in recent weeks, and while it looks as though options traders aren’t expecting any big moves in either direction in the next few weeks, protection against declines is still not cheap. The bitcoin price has held between $62,000 and $66,000 since early July. Over the weekend, Volmex’s BVIV index,
Hedge funds trading bitcoin BTC$65,166.03 futures on the Chicago Mercantile Exchange have turned net long, according to Ki Young Ju, CEO of blockchain data analytics firm CryptoQuant. The rare positioning shift suggests professional traders are increasingly betting on bitcoin prices rising. “Hedge funds on CME have flipped net long on bitcoin futures, a rare shift
Empire Digital, one of the companies that places Bitcoin at the center of its treasury strategy, has made a significant change to its reserves. According to the company’s latest quarterly report, Empire Digital sold a total of 1,635 $BTC for $102.2 million between July 1 and August 6. Following the sales, the total amount of
A renewed dispute among prominent Bitcoin voices has reopened a question that has followed the network since its major 2017 splits. The argument is not whether the protocol changed. Several upgrades have altered transaction handling, scripting, and validation without replacing its mining algorithm. Instead, the dispute concerns which changes preserve Bitcoin’s identity and which create
What Hayes Thinks the AI Buildout Really Is Arthur Hayes, co-founder of Bitmex and chief investment officer at Maelstrom, argues that the multitrillion-dollar artificial intelligence infrastructure boom resembles a real estate credit bubble rather than a traditional technology expansion. In an essay titled “Situationship,” published on Aug. 4, Hayes compared data center financing to the
The BIP-110 chain split from Bitcoin after mandatory signaling began at block 961632 on Aug. 8. Nodes enforcing BIP-110 began rejecting blocks that did not signal support for the proposal, while the dominant Bitcoin chain continued operating under its existing consensus rules. Roughnecks, using Ocean’s DATUM system, mined BIP-110 blocks 961632 and 961633, but the
Robin Brooks is once again challenging Bitcoin’s credentials as a safe-haven asset. He has argued that its performance during the so-called “debasement trade” shows that it has failed to behave like digital gold. The senior fellow at the Brookings Institution said Bitcoin “isn’t part of the debasement trade.” According to Brooks, Bitcoin has “consistently underperformed
Bitcoin [$BTC] has extended its decline, with the asset struggling once again to clear the $65,000 psychological threshold after another failed run at the level. Even as some optimism builds around the prospect of Bitcoin gearing up for a much broader rally, analyst Joao Wedson has warned that the risk of a deeper decline remains
Bitcoin is currently trading at $65,172, down 48.37% from its record highs. It has racked up losses for a significant portion of its holders, including its pseudonymous founder Satoshi Nakamoto. Satoshi’s wallets, which have been untouched since 2010, hold about 1.096 million Bitcoin according to Arkham data. This is currently worth $71.19 billion, a significant
Over the past 48 hours, $BTC traded largely between $64,500 and $65,250. By Sunday morning, Aug. 9, bitcoin was changing hands around $64,800 to $64,900, with neither event producing the kind of sharp sell-off that often follows major security failures or contentious network disputes. Coldcard Crisis Fails to Crack Bitcoin’s Range The more financially damaging