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
Bitcoin lender Ledn has launched a Private Wealth program aimed at high-net-worth clients and institutions looking to unlock capital from their long term BTC holdings without selling, according to a press release sent to Bitcoin Magazine. Ledn’s new program provides Bitcoin-backed loans for clients who hold BTC long term and borrow against it to fund
Bitcoin fell to $115,002 on Thursday, slipping over 6% from its July 14 record peak as open interest surged to a new all-time high of $44.5 billion. Summary Bitcoin dropped to $115,002, down 6% from its July 14 all-time high. Open interest hit a new record of $44.5B, indicating increased leveraged trading during the decline.
Leading cryptocurrency Bitcoin (BTC) has been declining following increased selling pressure following its ATH of $123,000 in recent weeks. At this point, while BTC fell to the level of 115 thousand dollars, it was stated that Galaxy Digital’s BTC transfer, which reached a total of 3.5 billion dollars, was behind this decline. According to data
An early adopter of Bitcoin and a crypto YouTuber, Jeremie Davinci, has taken to his account on the social media giant X (formerly known as Twitter) to address the crypto community on the subject of crypto and banks. He praised the former and lambasted the latter like any true crypto enthusiast would do. Davinci on
Bitcoin price trades at $115,316 today, having gained 40% against gold since April. This situation has prompted fresh chatter about BTC catching up to gold’s $22.58 trillion market cap. Given Bitcoin’s current $2.3 trillion market cap, a leap to $22 trillion would be quite a feat, but if it did happen, what would the BTC
Analysts warned that large scale Bitcoin holders moved billions in Bitcoin to exchanges early Friday morning. Popular CryptoQuant analyst Maartunn warned on X that crypto financial services firm Galaxy Digital shifted $3.7 billion worth of Bitcoin early this morning. He said of the 35,568 BTC that had been moved to exchanges in the past 10
Story Highlights Analyst Ki Young Ju believes that Bitcoin’s old whale-retail cycle no longer applies. Institutions and whales keep accumulating, but retail interest remains low. Bitcoin has reached another all-time high. While the market appears strong, analysts and users are debating whether the traditional 4-year cycle theory still holds or if a new era, led
Renowned investor and cryptocurrency expert Raoul Pal has offered a big counterargument to the Financial Times. The mainstream news outlet has taken a jab at cryptocurrency, issuing traditional and rather outdated accusations against it. Pal argued back at FT, standing firm with Bitcoin and mentioning its ultra-high market performance. Raoul Pal strikes back at FT
It appears that a surge in upside liquidity suggests that Bitcoin (BTC) could be gearing up for another short squeeze. While the cryptocurrency is trading at over $116,738, nearly $15 billion in leveraged short positions on exchanges like Binance, Bybit, and OKX is now exposed heading into the weekend, according to the latest data from