Tenerife’s governing body is in talks over the $10 million sale of 97 bitcoins (BTC) that the island’s Institute of Technology and Renewable Energies (ITER) bought in 2012 for just €10,000. El Dia reported yesterday that Juan José Martínez, a councillor on the Tenerife Island Council who helps oversee ITER — known for its work
A major battle between institutional whales is defining Bitcoin’s price action today. The market first reacted to a massive sell-off from BlackRock’s IBIT Bitcoin Trust. On-chain trackers show IBIT sold over 24,000 BTC, worth $2.75 billion. This institutional selling pushed Bitcoin down to the $104,000 level. In response, a single, mysterious whale purchased $86 million
Leading cryptocurrency Bitcoin (BTC) and altcoins are experiencing a deep decline. Analysts believe the decline was triggered by waning hopes for interest rate cuts following hawkish statements from Fed officials, the prolonged US federal government shutdown, and a sharp decline in investor confidence. Analysts also believe that market liquidation pressure fueled the decline. According to
Bitcoin danced on the edge of a cliff Tuesday, teetering just above critical support at $103,500, and investors felt the tension. With heavy sell-side volume and technical signals flashing red across the board, the market waits to see if gravity—or resilience—wins this round. Bitcoin Chart Outlook Across the daily chart, the landscape remains distinctly bearish.
Crypto finance platform Matrixport stated in its latest market assessment that the recent decline in Bitcoin price does not mean the uptrend is over. Matrixport: Bitcoin’s Drop May Be Temporary, Rally Not Over Yet The company emphasized that the 21-week moving average (MA21) indicator, which Bitcoin investors frequently follow, continues to be an important reference
BTC dipped to the $103,000 range, extending the losses from Monday. The leading coin lost some of its recent cost basis support levels, leaving the last support at $99,000. BTC lost another support level after dipping below $104,000 on Tuesday. The market showed increasing fragility, pushing BTC down to $103,668. BTC crashed to $103,000 a
Binance founder Changpeng Zhao (CZ), who is closely followed by the cryptocurrency industry, continues his posts after the decline last night. CZ stated that declines are normal and that he always buys cryptocurrencies before declines. CZ stated that whenever he made a purchase, there was a decline afterwards, and gave the example of his previous
Bitcoin is once again at the center of market volatility as the crypto king faces a critical technical formation — the head and shoulders pattern. This bearish setup, historically known for signaling trend reversals, suggests the potential for a short-term decline. The combination of technical weakness and outflow dominance is heightening concern among traders. Bitcoin
Bitcoin’s price showed renewed weakness, dipping nearly 4% on Monday. According to a detailed on-chain analysis, this raises the possibility of a test of the crucial $104,000 support level. On-chain data platform Glassnode posted the analysis on X on Tuesday, observing a persistent failure in upward momentum. The firm pointed out, “Since July, BTC has
Bitcoin is trading at $104,376 as of this writing, extending losses from the weekend after hitting highs of $111,190 on Friday and $111,250 by Sunday. The pullback comes even as global liquidity surges to levels unseen since the pandemic, with the US Federal Reserve injecting $125 billion into the banking system over the past five