Bitcoin’s BTC$86,814.19 price often dances to the tune of global money flows, and right now, a strengthening Chinese yuan (CNY) could be setting the stage for a more bullish backdrop for the cryptocurrency, according to one observer. The yuan traded at 7.043 per U.S. dollar early Wednesday, its strongest level since Oct. 8. It has
Bitcoin BTC$86,814.19 long term holder (LTH), supply has fallen to an eight month low of 14,342,207 BTC, a level last seen in May, which has coincided with bitcoin falling almost 40% from its October all-time high. Glassnode defines a long term holder as an entity that has held bitcoin for at least 155 days, placing
After years of debate on digital assets, a leading german pension fund has quietly completed a multi-year test of cryptocurrencies within its broader portfolio. Summary Doctors scheme in North Rhine-Westphalia enters crypto market Two-pronged strategy and test-phase performance NAEV keeps satellite crypto allocation while limiting risk International context and institutional crypto tests German pension landscape:
Bitcoin price declined further and traded below the $87,000 support zone. BTC is now consolidating and might struggle to clear the $89,350 zone. Bitcoin started a fresh decline below the $87,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at
Bitcoin’s (BTC) ongoing bearishness could culminate in the asset plunging toward $10,000, according to Bloomberg Intelligence commodity strategist Mike McGlone. McGlone noted that the cryptocurrency is becoming increasingly vulnerable as the market shifts from hype-driven expansion to macro-driven reversion, and that the asset’s strongest bullish catalysts are now behind it, he said in an X
Michael Saylor’s Strategy has crossed a threshold that few Bitcoin-focused companies ever reach. The firm has now remained qualified for S&P 500 inclusion for more than 120 consecutive days, placing Bitcoin exposure closer to America’s most influential equity index. This achievement signals more than financial eligibility, it reflects a changing relationship between digital assets and
Vanguard, one of the world’s largest asset managers with over $10 trillion in assets, has revealed it now owns $3.2 billion worth of MicroStrategy (MSTR) stock. This move has sparked discussions about institutional interest in Bitcoin and the broader cryptocurrency market. MicroStrategy is well-known for holding large amounts of Bitcoin on its balance sheet. Analysts
Changpeng Zhao, better known as CZ, the former CEO of Binance, recently made a statement that caught the attention of the crypto world. He said: “Investing in cryptocurrency is risky… but not investing in cryptocurrency is also risky.” This short quote says a lot. Crypto is volatile and can drop in value fast. But avoiding
In a major crypto news related to the BlackRock Bitcoin Premium Income ETF, the U.S. Securities and Exchange Commission (SEC) has announced a key decision on the application. Nasdaq’s proposal to list and trade shares of the iShares Bitcoin Premium Income ETF under the Generic listing standards rule was already delayed by the SEC once
A big Bitcoin move on Binance worth a whopping $260,387,071 just occurred, and it looks like it was not an accident. Whale Alert data shows 3,000 BTC sent from an external wallet into Binance’s “15KX2” deposit address. Arkham links the sending wallets to Matrixport-related infrastructure. Two Matrixport-connected wallets deposited about 4,000 BTC, worth around $347.56