Bitcoin broke through resistance and hit a record $124,500 on Coinbase today. The move came after nearly two weeks of testing the same level. The rally unfolded amid what is now the longest U.S. government shut down in history under the 45th and 47th president, Donald Trump. Lawmakers failed to agree on funding, and by
The amount of Bitcoin held on centralized exchanges has plunged to a six-year low as the asset climbed to a new all-time high. The total Bitcoin balance on centralized exchanges fell to a six-year low of 2.83 million BTC on Saturday, according to Glassnode. The last time that there were fewer coins stored on exchanges
Bitcoin’s supply is almost entirely in profit, and analysts warn this could trigger a short-term correction. Historically, such high profitability has often been followed by brief market pullbacks. According to analyst Ted Pillows, 99.3% of the entire Bitcoin supply is profitable at its present market price of about $121,900. When the BTC supply in profits
Tether CEO Paolo Ardoino declared that the Wallet Development Kit (WDK) of the company would be available in open-source by October 4, 2025. This achievement is the milestone of a huge democratization of cryptocurrency wallet development and may result in the creation of trillions of self-custodial wallets that offer the developer the freedom to base
Bitcoin BTC$124,058.70 surged during the Asian session on Sunday, rallying from $122,000 to $124,289 within minutes, pausing short of the record high of $124,429 reached in August. The break above $124,000 followed a massive demand for U.S.-listed spot exchange-traded funds (ETFs). which collectively registering a net inflow of $3.24 billion last week. This marks the
Stablecoins, tokenized versions of fiat currencies that move on blockchain rails, will eventually force banks and other financial institutions to offer customers yields on their deposits to remain competitive, according to Patrick Collison, CEO of payments company Stripe. The average interest rate for US savings accounts is 0.40%, and in the EU, the average rate
The Magnificent 7 collectively reached a combined market capitalization of $20.8 trillion, surpassing the EU’s GDP of $19.4 trillion. The GDP of the European Union stood at USD 19.42 trillion in 2024 and was expected to increase slightly to over USD 19.65 trillion in 2025. The European Commission revealed that the spring forecast projected real
Network revenues across the blockchain ecosystem declined by 16% month-over-month in September, mainly due to reduced volatility in the crypto markets, according to asset manager VanEck. Ethereum network revenue fell by 6%, Solana’s fell by 11%, and the Tron network recorded a 37% reduction in fees, due to a governance proposal that reduced gas fees
An asset manager known for exchange-traded funds geared toward risk-embracing investors wants to ratchet up the possibilities for these thrill-seekers, filing an application for 49 funds offering three times long and short leveraged exposure to tech and crypto-focused firms, gold, and ETFs that individually track the price of Bitcoin, Ethereum and Solana, among other assets.