Bitcoin rose more than 1.2% during the European morning to reach just shy of $77,500 for a lift of about 1.7% in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), also ticked higher, up around 0.95%. Bitcoin’s gains came on above-average volume, with 24-hour activity running
A wallet address linked to the publicly traded Bitcoin mining company Riot Platforms (RIOT) has moved a substantial amount of Bitcoin to a crypto services firm. On-chain data from Lookonchain reveals that this address deposited 500 $BTC, valued at approximately $38.24 million, to NYDIG just five hours ago. Market analysts often interpret such large deposits
Bitcoin’s position relative to Alphabet Inc. is drawing renewed attention as the second quarter approaches its close, with market data showing a wide valuation gap despite concurrent gains in both assets. According to the latest data, Bitcoin has a total market capitalization of approximately $1.54 trillion, while Alphabet has reached about $4.62 trillion after a
Bitcoin could be setting up for a multimonth price decline, after a rally in April driven mainly by futures traders while spot demand declined, according to the crypto analytics firm CryptoQuant. Bitcoin gained around 20% in April, rising from $66,000 to a peak of $79,000 in a rally “driven entirely by growth in perpetual futures
A group of Bitcoiners has launched a new open-source AI tool that generates evidence-based responses to misconceptions about Bitcoin’s environmental impact, energy use and its role in the financial system. Nordic-based Bitcoin education platform Bitcoin Beyond 66 said it built “The Bitcoin Evidence Base” at a time when there is a “growing body of peer-reviewed
Mike McGlone, a guest on Scott Melker’s show The Wolf Of All Streets, discussed possible scenarios for the cryptocurrency world in light of macroeconomic data. In his analysis, McGlone, who specifically highlighted energy costs and liquidity crunch, warned investors against an “unexpected decline.” McGlone argues that the sudden rise in oil prices (WTI) has put
On-chain analytics firm Glassnode has highlighted how the latest Bitcoin rejection came inside a zone containing some historically important cost basis levels. Bitcoin Could Find Support At -1 SD Of The STH Realized Price Next In its latest weekly report, Glassnode has talked about a key cost basis zone that Bitcoin retested recently. The region
Bitcoin price started a recovery wave above the $76,500 zone. $BTC is consolidating and might aim for more gains if it clears the $76,750 resistance zone. Bitcoin managed to form a base above $75,000 and started a recovery wave. The price is trading below $77,000 and the 100 hourly simple moving average. There is a
On the 6th of February, Bitcoin [$BTC] dived to a low of $60k. The swift losses on the 5th of February had resulted in $1.84 billion in long liquidations. Market participants feared that the bear market would only worsen. A perfect bearish storm appeared to be whipping up. In his State of the Union address
Bitcoin has failed to sustain a move above $78,000 in the 24 hours following Wednesday’s FOMC decision, with three straight sessions of Bitcoin ETF outflows totalling over $490 million signalling that institutional allocators are pausing rather than adding exposure as uncertainty over the Fed’s direction deepens. Bitcoin ETF data from SoSoValue confirmed $137.77 million in