As the leading cryptocurrency Bitcoin struggles to hold above $60,000, its adoption rate continues to rise. At this point, one analyst says that the adoption rate of $BTC will continue steadily, and that there are three main factors supporting this increase. Grayscale research head Zach Pandl published a report stating that despite recent pressure on
Talk about the concentration of risk. The two largest publicly listed bitcoin $BTC$63,373.56 treasury firms alone are sitting on paper losses big enough to rival the market value of major cryptocurrencies with strong use cases. Early Thursday, Tokyo-listed Metaplanet (3350) revealed a paper loss of $1.5 billion on its 43,000 $BTC as of end-June. Last
Japanese bitcoin treasury company Metaplanet (3350) unveiled a continuous bond issuance program, dubbed “BitBonds,” completing its first sale with four privately placed series worth about 200 million yen ($1.3 million). The Tokyo-listed company said the unsecured senior bonds mature in roughly three years and carry annual interest rates of 4% to 4.3%. Solicitation began in
In the cryptocurrency market, Bitcoin’s price movements have begun to resemble behavior seen in the final stages of past bear markets. According to crypto analyst Murphy, Bitcoin has struggled to sustainably break above $67,900, a significant technical resistance level, for the past two months. Murphy noted that this level is particularly critical for short-term investors.
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net outflows of approximately $61.1 million on Monday, Aug. 12, according to data from Farside Investors. The reversal came just one day after the funds posted net inflows, underscoring the volatile sentiment that continues to characterize the digital asset market. Daily Fund Flows: A Closer Look Fidelity’s FBTC
Metaplanet CEO Simon Gerovich has shut down speculation that the Japanese Bitcoin treasury company was selling its holdings. “This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 $BTC,” Gerovich said Thursday. The company transferred 5,014 $BTC ($322 million) over a 24-hour span starting Wednesday. Gerovich said the network fees
Blockchain analytics firm Glassnode has cautioned that Bitcoin could face further downside if the $58,500 support level breaks, according to a report cited by Wu Blockchain. The warning comes as spot trading volume for Bitcoin has dropped to its lowest level since the firm began tracking the data in 2019, signaling weak market participation. Key
For years, Strategy’s [MSTR] Bitcoin [$BTC] plan has been simple: Keep buying. In 2026 though, the company’s a bit more held back, focusing on building a cushion before its next big move. So, what’s new? Bitcoin risk is on the table Strategy recently took an unusual step by publishing a Bitcoin Credit model. It revealed
On Monday, August 10, the U.S. spot Bitcoin [BTC] ETF flows measured a negative $144.6 million. It broke a streak of positive flows for five consecutive trading days, which had brought in $865.3 million. At the same time, Bitcoin was also down just over 3% from Sunday’s local high at $65,474. The $65k-$67k is a
An address that had remained inactive for roughly two years has moved 1,770 Bitcoin, valued at approximately $112.14 million, to a new wallet. The transaction was flagged by on-chain tracking service Onchain Lens, drawing attention from market observers who monitor large holder activity for potential market signals. What the On-Chain Data Shows According to Onchain