In the past 24 hours, bitcoin has slipped 1.8% against the U.S. dollar, and the bears have been calling the shots for the last two weeks, dragging the top crypto down by 13%. During the slump, a long-silent stash of 262.43 BTC—valued at just over $28 million—stirred from its digital slumber. $28 Million in Bitcoin
Moon Inc. (HKEX: 1723) has raised about US$8.8 million to launch a Bitcoin prepaid card in Thailand and South Korea, with plans to expand across Asia. The company, a leader in prepaid connectivity and digital asset solutions, confirmed the successful HK$65.5 million fundraising earlier today. The round was supported by a consortium of Bitcoin miners
Bitcoin price is hovering in the mid $107,000’s range as analysts from both VanEck and Standard Chartered see more upside. Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, sees a near-term dip in bitcoin price below $100,000 as “inevitable” due to factors like renewed U.S.–China trade tensions. However, Kenrick views any bitcoin price
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$108,033.92 has held above $100,000 for four consecutive months, a price stability that can be interpreted as the formation of a solid base for the next upward move. However, a major volume indicator, used to confirm price trends, shows a
Bitcoin prices experienced a modest drop on Wednesday, October 22, declining below $107,000 after rising to more than $114,000 the day before. “Bitcoin’s drop is the market catching its breath after a wild run,” Maja Vujinovic, CEO and cofounder of digital assets at FG Nexus, stated via email. “Traders took profits, leverage got flushed out,
Key Takeaways The $10B Hyperunit whale closed $86.6M in Bitcoin shorts for $2.38M profit, Arkham reported. He still holds $140M in open shorts, profiting from US-China tariff volatility. A whale executing large perpetual positions on the HyperLiquid closed part of his Bitcoin shorts, totaling $86.6 million, for a $2.38 million profit, according to Arkham research.
Veteran crypto trader Peter Brandt has taken to X (formerly Twitter) to provide a brief analysis of gold’s long-term performance while highlighting the many long and painful waiting periods that pro-gold advocate and Bitcoin critic Peter Schiff has had to endure over the years. The post, issued on Wednesday, October 22, saw Brandt take a
Tesla (TSLA) continued to hold 11,509 BTC, valued at around $1.35 billion as of the end of the third quarter (valued somewhat less as of today). The rise in bitcoin’s value during the third quarter allowed the company to book an $80 million gain on its holdings. The electric vehicle manufacturer reported third quarter revenue