Michael Saylor, executive chairman of Strategy, confirmed that his company paused Bitcoin purchases this week after its total holdings reached an estimated $79 billion. Strategy stopped buying after finishing its latest Bitcoin purchase of $22.1 million at an average price of $113,048 per coin. This brought its total to 640,031 BTC bought for about $47.35
Bitcoin cemented its dominance over the crypto market this weekend, soaring to a new record high and siphoning capital away from altcoins. The bellwether crypto surged 11% over the past week to set a new all-time high of $125,506, according to CoinGecko data. As a result, Bitcoin’s market dominance—its share of the total crypto market
Michael Saylor, the co-founder of MicroStrategy, has publicly advised YouTube megastar Jimmy Donaldson, popularly known as MrBeast, to invest in Bitcoin. This recommendation followed an exchange on X, where MrBeast posted about the rapid progress of artificial intelligence and its potential consequences for digital creators. “When AI videos are just as good as normal videos,”
Bitcoin just logged the highest weekly close in its history, finishing last week at $123,686 on spot charts across such exchanges as Binance and Bybit. The chart now shows the longest green weekly candle since July, signaling that buyers returned after weeks of waiting on the sidelines. The closing price is now well above the
Bitcoin’s recent climb to new all-time highs might not be as strong as it looks. A new report has revealed that while BTC’s price has surged, the number of active addresses on its network has dropped. This signals a negative divergence between the coin’s market price and on-chain activity. The weak participation puts a potential
Leading cryptocurrency Bitcoin (BTC) broke a new record over the weekend, reaching its highest level in its 17-year history and breaking through the $125,000 barrier. At this point, analysts predict that Bitcoin is poised for further gains in the coming weeks after reaching a new record high on Sunday, with the next target being $150,000.
While billionaire hedge fund manager Warren Buffett has long touted investing in the S&P 500, recent data shows that since 2020, the index has underperformed Bitcoin by around 88%. In an Oct. 5 X post by Phil Rosen, the co-founder of stock market data newsletter Opening Bell Daily, noticed that while the S&P 500 has
Bitcoin price started a strong increase and traded above $124,000. BTC is now consolidating gains and might aim for a fresh rally in the short term. Bitcoin started a major increase above the $123,500 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line
Prominent Bitcoin developer Peter Todd has warned that the National Security Agency (NSA) is attempting to weaken cryptography standards once again. This time, it is attempting to achieve this under the guise of “quantum-safe algorithms.” Good read. tl;dr: the NSA is clearly looking to backdoor crypto again with the rollout of “quantum secure” algorithms. The