Nevada regulators shut down Fortress Trust on Oct. 22, citing insolvency that left the custodian holding roughly $200,000 in cash against $8 million owed in fiat and $4 million in crypto. The cease-and-desist order marked the second major Nevada trust-company collapse in two years, following Prime Trust’s entry into receivership in June 2023. Both firms
In a significant move that has captured the attention of the cryptocurrency world, American Bitcoin (ABTC), a prominent Bitcoin mining firm, recently announced a substantial acquisition. This strategic purchase involves an additional 1,414 BTC, significantly bolstering their digital asset reserves. For those closely watching institutional movements in the crypto space, this news from American Bitcoin
American financier Anthony Scaramucci has announced that he is currently working on a new project about crypto. Scaramucci has urged his followers to ask any questions about crypto before unveiling more details about his project. Questions from followers American businessman and author Barry Ritholtz wants to know what specific problem the project in question solves
The Bitcoin price is on the move again, climbing 3.2% in the past 24 hours and leading a wider 3.7% gain across the crypto market. Over the past month, it’s been up about 5%, showing that momentum is gradually improving. But the rise isn’t without signs of hesitation. Beneath the surface, two underrated yet critical
The Bitcoin illiquid supply has been declining, indicating a change in investor sentiment. According to on-chain analytics firm Glassnode, approximately 62,000 BTC have flowed from long-term wallets since mid-October, representing one of the busiest stretches for dormant coins in past months, indicating a move away from accumulation as speculative interest may have shifted to distribution.
The global crypto market rose sharply over the weekend, as Bitcoin and major altcoins gained on better economic news and large short liquidations. Market data showed that Bitcoin rose 3.4% on Sunday to a two-week high of $115,400, before stabilizing around $115,226. Despite the rebound, Bitcoin remains approximately 8.6% below its all-time high of $126,080,
By ending the week above the bull market support band, a crucial technical zone that traditionally divides bullish expansions from corrective phases, Bitcoin has finally demonstrated its tenacity. Now that BTC is trading at about $115,000б the market can declare with certainty that it is no longer in a downward trend. The weekly chart clearly
The Bitcoin Fear & Greed Index has finally clawed its way out of the “fear” zone on Sunday, resolving to neutral for the first time in more than two weeks as the price of Bitcoin surged back to around $115,000 over the weekend. The Bitcoin Fear & Greed Index, which measures overall market sentiment, is