Bitcoin has seen a rapid shift in its social sentiment just after a massive Coldcard scam attack that targeted Bitcoin holders in a $70 million exploit, causing investors to grow wary. The security breach, which involved a widely trusted hardware wallet, Coldcard, caused Bitcoin holders to lose millions in funds while sparking major safety concerns
Bitcoin enters the weekend near $62,900, less than 1% above the July 31 intraday low, and Deribit has already settled roughly $9.6 billion in monthly Bitcoin options. The venue settles monthly contracts at 08:00 UTC on the last Friday of each month, and live expiry data placed July’s Bitcoin notional near $9.7 billion. The immediate
The BIP-110 soft fork proposed by Bitcoin has not been successful in gaining the necessary support from the community as some well-known Bitcoin supporters like Michael Saylor, Adam Back and JAN3 CEO Samson Mow are strongly against it. The proposal was to temporarily block the non-payment data on the Bitcoin blockchain but never went on
Bitcoin’s rejection from $65,239 keeps the short-term outlook under pressure, with support levels at $63,268, $62,180 and the $60,000-$61,000 region. $BTC could first rebound toward the $67,000-$68,000 monthly imbalance zone, but failure to reclaim higher resistance would preserve the bearish scenario. Bitcoin Reversal From $65,239 Keeps Lower Targets in Focus Bitcoin reached the chart’s preferred
Bitcoin, the pioneer cryptocurrency that was created to be digital money, is now failing to become a payment method. MARA CEO Fred Thiel, whose Bitcoin mining company holds more than 36,300 $BTC, says Bitcoin has missed its chance as a payment method. He says that stablecoins are now better suited for everyday transactions while Bitcoin’s
Crypto just closed one of the ugliest earnings weeks in its short public-market history. Strategy, the largest corporate holder of Bitcoin on the planet, reported an $8.22 billion net loss for the second quarter. Coinbase followed with a $359 million loss and its third consecutive revenue miss. And Bitcoin, the asset underneath both stories, spent
Strategy Founder and Executive Chairman Michael Saylor believes Bitcoin is at a key inflection point right now, one that could mark its bottoming phase. During Strategy’s Q2 earnings call on Thursday, Saylor claimed that $BTC had dropped to its 200-week Moving Average (MA). In saying so, he urged investors to take advantage of the signal
Bitcoin is currently hovering at around $62.9K. The $BTC chart is forming a bearish engulfing pattern. The dominant digital asset, Bitcoin ($BTC), is currently trading at $62,984 with a session range between $62,410 and $64,432. Meanwhile, its trading volume is sitting at $27.84 billion, with the $BTC market having seen $97.62 million in liquidations over
Bitcoin price hovered near $63,000 on Aug. 1 as US ETF outflows, weakening momentum and regulatory uncertainty kept buyers on the sidelines. Bitcoin price struggles to hold $63,000 According to data from crypto.news, Bitcoin (BTC) price traded at approximately $63,082 at the time of writing after briefly falling below $63,000 during the latest selloff. The
Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16.33 billion in unrealized losses. On Aug. 14, large investment managers must disclose their June 30 Bitcoin ETF positions, and those filings offer the clearest look yet at whether