Centibillionaire Elon Musk has given a fresh nod to Bitcoin, reposting the animated version of the famous “Magic Internet Money” meme. The clip, which was originally posted by the official X account of cryptocurrency exchange Coinbase, was recently created with the help o of of the Grok Imagine tool, which makes it possible to turn
Bitcoin is close to revisiting last week’s highs after U.S. President Donald Trump’s pro-crypto announcements on Thursday. Up 3% from this week’s open, Bitcoin is trading close to $117,000, CoinGecko data shows. The spurt in buying pressure follows Trump’s executive orders to include crypto in 401(K)s and prohibit the debanking of crypto-related initiatives. The
Following a brief dip to $112,200, Bitcoin (BTC) has recovered slightly, trading around the $116,300 level at the time of writing. While concerns remain about BTC’s inability to decisively break the $120,000 resistance level, on-chain data suggests the asset may be in an accumulation phase – potentially gearing up for its next breakout toward a
Last Friday’s US July Employment Situation release has delivered the kind of statistical jolt that rarely shows up outside crises, forcing traders to re-evaluate both the macro outlook and Bitcoin’s near-term path. Payrolls grew by just 73,000, but the shock lay in the record-large negative revisions: May and June were marked down by a combined
On-chain data shows that the Bitcoin short-term holders have switched to loss-taking recently. Here’s what this could mean for the asset. Bitcoin Short-Term Holder SOPR Has Dropped Below 1.0 In a new post on X, the on-chain analysis platform Checkonchain has talked about how the behavior of the Bitcoin short-term holders has changed recently. The
Another long-slumbering Bitcoin whale has awakened, moving 3,000 BTC worth over $349 million after 10 years of “HODLing.” Blockchain data on Thursday showed that the whale moved 100 BTC from 30 addresses to a long-list of new, modern Bitcoin addresses. It wasn’t clear who moved the crypto, which had been sitting at the addresses since
Cryptocurrency analysis firm CryptoQuant reported that Bitcoin has entered a short-term consolidation or mild downside risk phase, with a pause in the market’s upward momentum. According to the company’s report, the market entered a “bullish break” after Bitcoin reached an all-time high of $123,000 in June. CryptoQuant noted that its Bull Score Index, which it
The new executive order that US President Donald Trump is expected to sign brings with it a significant change to 401(k) retirement savings plans. The new regulation will allow Americans to invest in private equity, real estate, cryptocurrencies and other alternative investment vehicles through 401(k) plans. Trump’s move aims to offer investors a broader range