Following a brief dip to $112,200, Bitcoin (BTC) has recovered slightly, trading around the $116,300 level at the time of writing. While concerns remain about BTC’s inability to decisively break the $120,000 resistance level, on-chain data suggests the asset may be in an accumulation phase – potentially gearing up for its next breakout toward a
Bitcoin has shaken off the prior week’s market jitters to regain a foothold near $117,500, following President Donald Trump’s surprise pick of economist Stephen Miran for the Federal Reserve Board. In a statement Thursday on Truth Social, Trump said Miran, who currently serves as chairman of the Council of Economic Advisors and a known Bitcoin
Warren Buffett has reduced Berkshire Hathaway’s stake in short-term Treasury bills by tens of billions of dollars and is doubling down on one broadcasting company’s stock. New SEC filings show Buffett’s short-term Treasury bill holdings declined by $42.867 billion at the close of the second quarter of the year when compared to December 2024, with
Last Friday’s US July Employment Situation release has delivered the kind of statistical jolt that rarely shows up outside crises, forcing traders to re-evaluate both the macro outlook and Bitcoin’s near-term path. Payrolls grew by just 73,000, but the shock lay in the record-large negative revisions: May and June were marked down by a combined
On-chain data shows that the Bitcoin short-term holders have switched to loss-taking recently. Here’s what this could mean for the asset. Bitcoin Short-Term Holder SOPR Has Dropped Below 1.0 In a new post on X, the on-chain analysis platform Checkonchain has talked about how the behavior of the Bitcoin short-term holders has changed recently. The
Another long-slumbering Bitcoin whale has awakened, moving 3,000 BTC worth over $349 million after 10 years of “HODLing.” Blockchain data on Thursday showed that the whale moved 100 BTC from 30 addresses to a long-list of new, modern Bitcoin addresses. It wasn’t clear who moved the crypto, which had been sitting at the addresses since
Investment and financial services firm Fundamental Global Inc. has filed a $5 billion shelf offering with the U.S. Securities and Exchange Commission (SEC). The company announced that it plans to use a portion of the proceeds to purchase Ethereum (ETH). A shelf offering is a method that allows a company to gradually issue stocks, bonds,
Cryptocurrency analysis firm CryptoQuant reported that Bitcoin has entered a short-term consolidation or mild downside risk phase, with a pause in the market’s upward momentum. According to the company’s report, the market entered a “bullish break” after Bitcoin reached an all-time high of $123,000 in June. CryptoQuant noted that its Bull Score Index, which it
Having tumbled to below $112,000 at one point a few days ago, bitcoin BTC$117,389.22 has returned above $117,000 in late after U.S. trading Thursday, for now retaking the range it had been in for most of July. First giving a boost the crypto market overnight was news about President Trump’s intention to sign an executive