Continuing its weekly Bitcoin purchases, Strategy (MicroStrategy) made its weekly Bitcoin (BTC) purchase and announced that it purchased 487 BTC last week. Accordingly, Strategy purchased 487 BTC worth $49.9 million at an average price of $102,557. Strategy founder Michael Saylor announced the news via a post on his X account. “Strategy purchased 487 BTC for
Ripple CTO David Schwartz recently joined a conversation on X that highlighted Bitcoin’s value proposition. Bitcoin enthusiast Rajat Soni had initiated a discussion on Bitcoin and at one point chipped in a statement about Bitcoin’s value: “1 BTC = 1 BTC,” a commonly used phrase in the cryptocurrency space, adding that, “If you look at
The cryptocurrency market is mainly green today, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has risen by 3.7% over the past day. On the hourly chart, the price of BTC has made a false breakout of the local resistance of $106,482. If the daily bar closes far from it, traders may witness a
U.S. spot Bitcoin exchange-traded funds recorded their third-largest weekly outflows since launch, with $1.22 billion in net redemptions. Summary US Bitcoin ETFs logged $1.22 billion in combined net outflows over the past week. On Friday, these funds recorded the largest single-day outflows since August, with over $555 million in outflows. Bitcoin’s price has started to
The nearly 40-day government shutdown in the US may be coming to an end. While no agreement on a temporary budget has been reached, the US Senate has finally passed a temporary funding bill that will fund the government until January. The bill was passed with 60 votes in favor and 40 against, but it
Key Takeaways Strategy purchased 487 Bitcoins for $49.9 million at an average price of $102,557 per Bitcoin. The company continues to increase its corporate Bitcoin holdings through regular acquisitions. Strategy, a publicly traded business intelligence firm, acquired 487 Bitcoin for $49.9 million at an average price of $102,557 per Bitcoin last week. The purchase reinforces
CryptoQuant analyst GugaOnChain announced in his latest report that large investors (whales) have recently doubled their Bitcoin holdings and that this move has played a decisive role in keeping the Bitcoin price above $100,000. CryptoQuant: Bitcoin Whales Double Their Holdings, Price Holds Above $100,000 The report notes that accumulation in whale addresses has accelerated in
While most cryptocurrency investors welcomed the market recovery following the potential end of the US government shutdown, some short sellers were caught off guard by the rebound. The crypto market recovery saw popular high-leverage trader James Wynn’s main Hyperliquid account liquidated multiple times during the past 24 hours, with his wallet’s value sinking to just
Bitcoin price today trades near $106,239, recovering from last week’s breakdown below the multi-month ascending trendline that supported the entire 2025 advance. Sellers drove price into the $100,000 to $98,500 demand zone, where buyers defended the level aggressively. Risk sentiment improved following Donald Trump’s latest remarks indicating the U.S. shutdown could end soon. Buyers Attempt
QCP Capital reported in its market assessment published today that Bitcoin has held above the $100,000 level in recent days thanks to optimism about a possible budget deal from the US government. QCP Capital: Bitcoin Holds Above $100,000, Market Supported by Expectations of US Government Deal The company noted that Bitcoin struggled to surpass this