The cryptocurrency left analysts scratching their heads trying to identify the culprit behind the price action. Meanwhile, institutions simply took advantage of the discount. Institutions Load up on BTC As It Slips Under $115K Bitcoin ( BTC) is known for being volatile but Friday’s 3% retreat caught many off guard. The digital asset traded within
Crypto finance firm Matrixport stated in its latest report dated July 25 that Bitcoin may have entered a seasonal correction phase typical of the summer months. Matrixport: Bitcoin Entering a Seasonal Correction, Is This a Buying Opportunity? According to the report, while Bitcoin’s upside potential emerged after breaking above the key $109,410 level on July
Justin Spittler, chief trader at leading financial risk advisory company RiskHedge, is certain that Bitcoin has yet to bottom out. Earlier this Friday, the flagship cryptocurrency slipped to an intraday low of $114,518 before regaining some ground. However, it is still trading near the lows of the day, currently sitting at $115,692. The substantial correction
Bitcoin lender Ledn has launched a Private Wealth program aimed at high-net-worth clients and institutions looking to unlock capital from their long term BTC holdings without selling, according to a press release sent to Bitcoin Magazine. Ledn’s new program provides Bitcoin-backed loans for clients who hold BTC long term and borrow against it to fund
Bitcoin fell to $115,002 on Thursday, slipping over 6% from its July 14 record peak as open interest surged to a new all-time high of $44.5 billion. Summary Bitcoin dropped to $115,002, down 6% from its July 14 all-time high. Open interest hit a new record of $44.5B, indicating increased leveraged trading during the decline.
Leading cryptocurrency Bitcoin (BTC) has been declining following increased selling pressure following its ATH of $123,000 in recent weeks. At this point, while BTC fell to the level of 115 thousand dollars, it was stated that Galaxy Digital’s BTC transfer, which reached a total of 3.5 billion dollars, was behind this decline. According to data
President Donald Trump is considering a new round of stimulus checks targeting low-income Americans, according to unconfirmed reports. The unconfirmed reports say that the proposal is under review as part of broader economic support plans. Though still a rumor, the move might mirror pandemic-era relief policies that injected billions into American households. What Are Stimulus
An early adopter of Bitcoin and a crypto YouTuber, Jeremie Davinci, has taken to his account on the social media giant X (formerly known as Twitter) to address the crypto community on the subject of crypto and banks. He praised the former and lambasted the latter like any true crypto enthusiast would do. Davinci on
In a significant stride towards digital sovereignty and innovation, Vietnam has officially launched NDAChain, its pioneering national blockchain platform. This isn’t just another tech rollout; it’s a bold declaration of intent from a nation keen to leverage cutting-edge technology for public good and economic growth. For anyone following the global embrace of distributed ledger technology,
Bitcoin price trades at $115,316 today, having gained 40% against gold since April. This situation has prompted fresh chatter about BTC catching up to gold’s $22.58 trillion market cap. Given Bitcoin’s current $2.3 trillion market cap, a leap to $22 trillion would be quite a feat, but if it did happen, what would the BTC