A series of noteworthy transactions are taking place in the cryptocurrency markets. An old Bitcoin wallet, which had been inactive for 12 years, transferred 306 BTC (approximately $35.37 million) today. This ancient investor purchased the BTC in question for a total of $23,700 12 years ago, when Bitcoin was just $77. At today’s prices, that
It was only a matter of time. With Strategy long reigning as the go-to corporate proxy for bitcoin exposure, it was inevitable that a challenger would emerge — though few expected it to wear a red hat and run a social media company. Trump Media & Technology Group’s recent announcement that it holds roughly $2
Bitcoin’s on-chain velocity—how often coins move—is at decade lows. To some, that’s a red flag: has Bitcoin lost momentum? Is it still being used? In fact, falling velocity may be the clearest signal yet that Bitcoin is maturing, not stagnating. Instead of circulating like cash, Bitcoin is increasingly being held like gold. A Shift in
Cryptocurrency analyst Joao Wedson said in his latest assessment that Bitcoin is nearing the end of the cycle for long-term investors, but argued that the bull market is not completely over yet. According to Wedson, there could be at least two more months of upward movement for Bitcoin and three more months for altcoins. Wedson
Bitcoin investors may be entering their toughest period of the year. Historically, August and September are among the weakest performing months for Bitcoin (BTC). Prices have fallen in these two months in 8 of the last 12 years, implying a probability of decline of approximately 67%. Data shows that Bitcoin generally performs poorly in the
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. When it comes to Bitcoin mantras, “not your keys, not your coins” is as pure as it gets. But there are levels to it. Sure, you might be self-custodying, but you might still be required to trust a wallet explorer, for
The world’s flagship cryptocurrency, Bitcoin, is currently trading at $150,160, having partially recovered from its recent losses. Since Tuesday, BTC was down 3.3%, but by now, it has increased by 0.5%, reaching the aforementioned price level. On July 25, Bitcoin changed hands near the $120,000 level. Since then, BTC is down approximately 4%. Bitcoin’s 200
Amid ongoing market fluctuations, Bitcoin (BTC) has shed 2% of its gains in the last 24 hours. The current volatility likely prompted Matt Hougan, Bitwise’s Chief Investment Officer (CIO), to drop a bold opinion on what truly matters with the flagship cryptocurrency asset. Bitwise CIO on Bitcoin market cycles In a post on X, Hougan
During a Friday appearance on CNBC’s “Squawk Box,” former MicroStrategy CEO Michael Saylor stressed that Strategy (formerly MicroStrategy) would not want to own all of Bitcoin. “We want everybody else to have their piece,” Saylor added. At the same time, he opined that owning 3-7% of the entire Bitcoin supply would not be considered to