Bitcoin BTC$117,257.03 rebounded on Friday from its overnight dip below $115,000, back to its familiar range it traded for the past two weeks. The largest crypto recently changed hands at $117,200, still down 1.2% over the past 24 hours. Some analysts noted the dip coincided with asset manager Galaxy moving large amount of BTC to
Institutional crypto firm Galaxy said Friday that it had sold more than 80,000 Bitcoin—over $9.3 billion worth at the current price—for a Satoshi-era investor. In a Friday statement, Galaxy said “it was one of the largest notional Bitcoin transactions in the history of crypto on behalf of a client.” The firm further described the sale
Cryptocurrency analysis firm Alphractal highlighted a striking data imbalance in its latest analysis of Bitcoin. The firm reported that while Bitcoin’s price has fallen, open interest has risen, particularly on the Bybit exchange. The following statements were included in the Alphactal analysis: “Bitcoin’s open interest is increasing while the price is falling, which is unusual
Justin Spittler, chief trader at leading financial risk advisory company RiskHedge, is certain that Bitcoin has yet to bottom out. Earlier this Friday, the flagship cryptocurrency slipped to an intraday low of $114,518 before regaining some ground. However, it is still trading near the lows of the day, currently sitting at $115,692. The substantial correction
More than 101,000 bitcoin tied to early addresses created between 2009 and 2017 were shifted in the first seven months of 2025, with a massive July breakout accounting for over 80% of that total. Old Wallets, Big Moves So-called “sleeping bitcoins” refer to coins held in wallets that have seen no spending activity for years—sometimes
Bitcoin dipped to $115,363 earlier today, which is a 2.6% drop in just 24 hours and caught the market by surprise. While the price charts went red and the usual wave of concern hit social media, on-chain data offered a more down-to-earth explanation: another major sell-off from Galaxy Digital. The firm, led by Mike Novogratz,
Tesla disappointed by missing both revenue and profit expectations in the second quarter of 2025. But there was another striking detail in the company’s investor presentation: Tesla’s digital assets. The company’s digital asset portfolio is currently valued at $1.24 billion. While this represents a significant increase from $722 million in the same period last year,
The cryptocurrency left analysts scratching their heads trying to identify the culprit behind the price action. Meanwhile, institutions simply took advantage of the discount. Institutions Load up on BTC As It Slips Under $115K Bitcoin ( BTC) is known for being volatile but Friday’s 3% retreat caught many off guard. The digital asset traded within
Crypto finance firm Matrixport stated in its latest report dated July 25 that Bitcoin may have entered a seasonal correction phase typical of the summer months. Matrixport: Bitcoin Entering a Seasonal Correction, Is This a Buying Opportunity? According to the report, while Bitcoin’s upside potential emerged after breaking above the key $109,410 level on July