Bitcoin adoption in the US has surpassed a remarkable milestone. According to a report based on data from the digital asset finance company River, the number of people owning Bitcoin (BTC) in the country has exceeded the number of people owning gold for the first time. The study indicates that approximately 49.6 million Americans own
The market narrative is finally shifting from a local bottom to a macro bottom. From a technical standpoint, Bitcoin’s breakout above $66,000 has sparked a wave of bullish sentiment. Many analysts are arguing that the cycle low may already be in. While $BTC was stuck consolidating between $60k- $65k, the discussion largely revolved around whether
Bitcoin’s miner-linked over-the-counter [OTC] balances continue shrinking. That means – fewer coins remain available for large private transactions. Since November 2021, holdings have dropped from 500,000 $BTC to 139,700 $BTC, a decline of nearly 72%. Miners drew down their inventory over time without meaningfully rebuilding it after the 2024 halving. Source: CryptoQuant As a result,
On July 21, Bitcoin ($BTC) witnessed upward momentum after witnessing steady inflows for 5 consecutive days in exchange-traded funds. Bitcoin ETF Records Steady Inflows Despite Turmoil in Crypto Market On July 20, Bitcoin ETFs recorded $226.8 million in inflows, according to Farside. This is the fifth straight day of positive flows, bringing the total to
Bitcoin ($BTC) whales (accounts holding between 1,000 and 10,000 $BTC) have been consistently accumulating the cryptocurrency since late May. This period of accumulation began in early May, when prices were around $80,000, and has continued even as prices declined 17.25% to a current $66,256. Whales load up on Bitcoin despite market swings Unlike previous months,
Bitcoin’s BTC$66,207.78 tepid July rebound is nearing its biggest test yet. After climbing above $66,000 on Tuesday, its highest level in more than a month and roughly 15% above its early July low, the largest cryptocurrency is closing in on the $68,000 area, a price that Bitfinex analysts said could determine whether the rally gathers
Bitcoin’s surge from around $64,000 to over $66,000 in just two days has sparked debate about whether a new bull trend has begun in the cryptocurrency market. The on-chain analytics platform CryptoQuant, however, reported that the recent move was supported more by leveraged trading than strong spot demand. According to CryptoQuant’s analysis, the brief negative
The market is signaling that Bitcoin could be vulnerable to more volatility. According to a recent Glassnode report, $BTC saw strong realized profit-taking around $65k, while hot capital increased and sell-side pressure started building. These signals suggest Bitcoin’s move toward $70k could face more resistance before a breakout. Notably, other on-chain metrics are showing a
Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, has reiterated the bank’s ambitious price targets for Bitcoin, stating that the cryptocurrency may have already found its bottom for the current cycle. Despite recent market volatility, Kendrick maintains that a move to $100,000 remains possible within the year, while the long-term target of $500,000 may
Bitcoin’s price jumped Tuesday to its highest in over one month, bringing crypto stocks like Bitcoin treasury’s Strategy with it. The Bitcoin price was recently priced at $66,886, up nearly 3% in 24 hours. Over the past seven days, the leading cryptocurrency has risen by close to 6%. Its rise comes as stocks also trade