Bitcoin price hovers around $114,000 on Wednesday after facing rejection from its resistance level at $116,000. US-listed spot Bitcoin ETFs recorded an outflow of $196 million on Tuesday, continuing its four-day streak of outflows since the end of July. SBI Holdings announced that the company has filed for a dual-asset crypto ETF for BTC and
In a significant move that highlights the growing convergence of traditional industries and digital assets, ZOOZ Power, a U.S.-listed electric vehicle (EV) charging company, has successfully completed a private funding round. This initial injection of $5 million is specifically earmarked to advance its ambitious Bitcoin treasury strategy. This development follows the company’s earlier announcement on
Michael Saylor, the renowned Bitcoin permabull and the executive chairman of Bitcoin-focused company Strategy, has taken to his X account to address the global crypto community. Saylor gave them an important warning, referring to an iconic movie based on Chuck Palahniuk’s bestselling Fight Club. This tweet came out as Bitcoin dropped to the $114,000 price
Bitcoin derivatives activity has climbed to unprecedented levels, with futures open interest across major exchanges reaching $79 billion and options positioning signaling a heavy tilt toward calls. Bitcoin Derivatives Market at Record Levels as Traders Position for Moves According to Coinglass data, total BTC futures open interest (OI) stands at 692,490 BTC, equivalent to $79
Polymarket users are betting on a higher chance that the Bitcoin (BTC) price will continue in a mid-term falling trend. As of Wednesday, traders have put more capital behind a continued BTC price drop in August compared to bets on a rebound toward a new all-time high. Traders Bet on 80% Chance of a Drop
Amid a sea of new crypto treasury companies popping up, Bakkt and BitBridge are in the news today, after they both provided updates on their bitcoin treasury strategies. Bakkt(BKKT), the technology firm that went all-in on crypto,has signed a deal to acquire nearly one-third of Japanese trading company Marusho Hotta (8105), in a move that
Bitcoin ETFs have suffered outflows for the fourth day running, as institutional investors take cash off the table following recent all-time highs. Data from SoSoValue shows sell-offs across all U.S. funds tracking Bitcoin’s spot price hit a total of $196.18 million on Tuesday. However, this is less severe than in recent days. Outflows stood at