The United States joined Japan’s effort to support the yen after preliminary central-bank data indicated Tokyo may have deployed almost $96 billion over two days, putting Bitcoin traders on alert for a possible unwind of positions financed with cheap Japanese capital. On Aug. 3, Japan’s Ministry of Finance confirmed that it purchased yen in coordination
Bitcoin is showing significant price stability after the recent bearish pressure that saw it fall below $58,000 for the first time in 20 months. TradingView data shows the cryptocurrency traded at $63,823 at the time of writing, reflecting a 10% recovery from the $57,735 yearly low it recorded about one month ago. The current $BTC
Bitcoin saw new August highs into Tuesday’s Wall Street open as markets bet on US-Iran tensions again easing. Key points: Bitcoin ($BTC) edges higher as optimism over the Strait of Hormuz reopening pushes stocks to new all-time highs. Oil prices drop to their lowest levels since July 13 with oil traffic potentially returning on Wednesday.
Bitcoin has traded between $60,000 and $67,000 for several weeks, making $63,000 one of the most heavily supplied price areas. The only larger concentration sits between $78,000 and $82,000, where bitcoin topped out in May. Glassnode’s Entity-Adjusted UTXO Realized Price Distribution (URPD) shows how much bitcoin supply last moved within each price band, with each
New data shows individual investors still hold the majority of Bitcoin supply, outpacing institutions, corporations, funds, and government wallets. The past few years have been filled with talk about how institutions have swallowed up the Bitcoin supply. Yet data shows that an overwhelming amount is still held by individuals. Surprisingly, new data has shown that
Five days after the first sweep, the Coldcard incident has stopped looking like a single event and started looking like a slow harvest. Blockchain analysts tracked a fourth round of drains running through Monday, and the running total of observed losses is now closing on $114 million. What has not happened is the price collapse
NYSE-listed French semiconductor company Sequans Communications (SQNS) has sold 344 Bitcoin, reducing its holdings to 314 $BTC. The sale, announced today, marks a significant step in the company’s exit from its Bitcoin accumulation strategy, which it first revealed in May. Sequans is pivoting its full attention to its core Internet of Things (IoT) business, aiming
Strategy sold 1,638 bitcoin last week for $105 million, reduced its holdings to 842,138 $BTC, and began tracking the 200-week moving average on its website, marking the clearest shift yet from accumulation to active treasury management. Introduction For four years, the Michael Saylor bitcoin thesis had one direction: buy. From August 2020, when Strategy (then