A Bitcoin whale has acquired 584 BTC worth $63.9 million, continuing on the conventional whale behavior of large-scale BTC acquisition during a shaky market. The mentioned transaction, carried out in Binance Hot Wallet, reveals how institutional investors and already high-net-worth individuals are taking advantage of price volatility to accumulate large positions in Bitcoin. The strategic
Establishing a national Bitcoin (BTC) strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique told Cointelegraph that any government holding significant portions of the BTC supply could manipulate prices by dumping its holdings onto
With three days left in September, bitcoin hovers around the $109,000 range and the market’s already chanting “Uptober,” the crypto calendar’s most meme-able month for momentum. October Playbook: Why BTC Die-Hards Treat ‘Uptober’ Like a Holiday September hasn’t been a disaster, but it hasn’t been a joyride either. Over the past two weeks, bitcoin has
Analyst Benjamin Cowen says he’s bullish on Bitcoin (BTC) despite the crypto king falling by around 12% from its all-time high price. In a new strategy session, Cowen tells his 933,000 YouTube subscribers that the downturn in Bitcoin is nothing out of the ordinary in the month of September during the post-halving years. “So, as
Derivatives products, like options contracts — financial instruments that give investors the right but not the obligation to buy or sell an asset at a pre-determined price — will drive the Bitcoin (BTC) market capitalization to at least $10 trillion, according to market analyst James Van Straten. Van Straten said that options and other derivatives
According to a report published by cryptocurrency options analysis platform GreeksLive on September 27, sentiments are complexly divided among market participants. According to the data, some investors sold Bitcoin (BTC) calls at $110,000, while others bought puts at $109,000. These opposing positions reflect skepticism about the market’s fourth-quarter outlook. Some investors are calling the optimistic
Strive Asset Management (ASST) has acquired Semler Scientific (SMLR) in an all-stock deal. While historic, the move also drew attention to what may be a problem for investors valuing bitcoin treasury firms. The acquisition was the first-ever merger between two Digital Asset Treasuries (DATs) holding bitcoin, giving the combined company control of more than 10,900
As the Bitcoin price retreats below the $110,000 support level, two risky chart patterns have formed while exchange-traded fund (ETF) outflows rise. Summary Bitcoin price has formed a head-and-shoulders pattern. BTC has also formed a rising wedge pattern on the weekly chart. Bitcoin ETF inflows have slowed for two consecutive weeks. Bitcoin price retreats amid
Market expert Tony Severino has raised some concerns with the current Bitcoin price action on the weekly chart. This comes as the flagship crypto trades below $110,000, with predictions that it could further drop below the psychological $100,000 level. Bitcoin Price Forms Bearish Pattern On Weekly Chart Severino revealed in an X post that the
Bitcoin continues in dull trading, ranging between $108,645 and $110,369 following a sharp drop to a low of $108,623 on Thursday. Bitcoin slightly rebounded on Friday, coinciding with the release of PCE data and a major options expiry; however, its gains could not be sustained. Bitcoin erased its daily gains early Saturday, just up 0.3%