Bitcoin remains under bearish pressure after a recent consolidation around the 100-day MA of $73K. The asset has now slightly broken below the MA. Upcoming price action will determine whether the recent pullback evolves into a leg deeper or forms a base for recovery. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, $BTC
ProCap Financial sold part of its Bitcoin holdings to repurchase discounted shares, signaling a potential shift in how public crypto treasury firms manage capital and shareholder value. The company said it sold approximately 52 Bitcoin to fund the repurchase of two million shares trading at roughly a 50% discount to net asset value [NAV]. According
Last week’s large-scale, one-off sale of the BlackRock Bitcoin ETF caused a major stir in the market. At this point, a mysterious major investor sold $1.26 billion worth of BlackRock Bitcoin ETFs in a large over-the-counter transaction on May 26th, all at below-average price. This caused the price of Bitcoin ($BTC) to fall below $73,000.
Bitcoin ($BTC) price is sitting on a knife’s edge near $73,300 after a bearish pattern broke down on May 28, opening a path toward a roughly 10% slide. Yet the breakdown has stalled. On-chain holders and a quiet derivatives market are quietly defending the line. And one technical level is the only thing standing between
Disclosure: The author of this story owns shares in Strategy (MSTR). Strategy (MSTR) Executive Chairman Michael Saylor appeared to underscore the company’s focus on its perpetual preferred stock, making STRC the focus of his first public comment after the largest publicly traded holder of bitcoin sold the cryptocurrency to fund dividend payments on the instrument.
For years, Strategy (MSTR) Executive Chairman Michael Saylor insisted he would never sell bitcoin . Yet on Monday, the largest company disclosed that it sold 32 bitcoin last week, its first sale in four years. The announcement prompted questions about whether one of bitcoin’s most prominent corporate advocates was changing course. Most analysts don’t think
The institutional bull Strategy, known for its regular weekly Bitcoin ($BTC) purchases, did what was feared and made its first Bitcoin sale. This caused a decline in Bitcoin, with the price falling below $72,000. Related News JUST IN! Finally, It Happened: Strategy Made Its First Bitcoin ($BTC) Sale! Price Dropped! -Here’s the Amount of $BTC
Strategy’s (formerly MicroStrategy) first publicized bitcoin sale has triggered a $15 million resolution dispute on Polymarket. While the sale was announced in a June 1 filing, the actual disposition occurred in late May. Bettors are now split on whether sales executed between May 26 and May 31 should count for the prediction market’s May 31
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1993.65, up 0.2% (+3.54) since 4 p.m. ET on Friday. Seven of the 20 assets are trading higher. Leaders: XLM (+14.1%) and BNB (+7.9%). Laggards: NEAR (-7.3%) and BCH
XRPL has reached $400 million in tokenized real-world asset (RWA) value in just 15 months, significantly outpacing several major blockchain networks, including Ethereum. Evernorth revealed this in a recent report, while $XRP community commentator BankXRP amplified the findings across the crypto community. The comparison has drawn attention to XRPL’s accelerating tokenization activity and highlighted the