Bitcoin financial services firm Fold could address its Nasdaq share-price problem through a potential reverse split, but the company’s shrinking Bitcoin reserve raises a separate question about how it will fund operations. The company’s Aug. 11 quarterly filing reported that, as of June 30, Fold held 194 $BTC worth $11.4 million in its investment treasury
Nvidia stock (NVDA) rose early Wednesday as investors appeared to take some comfort from a new financing initiative involving six of Wall Street’s biggest investment firms. Shares rose around 3% to about $223 in early trading. The MoUs announced Monday bring together Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR to
Tether Sheds $870M in 11 Days as Stablecoin Demand Weakens Tether’s $USDT supply is shrinking after years of rapid expansion, adding to signs that some crypto capital is moving offchain rather than simply rotating between stablecoins. Cryptoquant data shows $USDT’s 60-day rolling supply change at roughly negative $4 billion. About $870 million of that decline
The leading cryptocurrency has been squeezed into a narrow range around $63,700, while the Bollinger Band Width indicator on the daily chart has contracted to its lowest level since October 2023, pinching the price action into an extreme technical threshold. In traders’ language, this condition is called a “squeeze” — a phase of extremely low
Although Bitcoin has continued to trade downwards, the world’s largest crypto asset is showing signs that the market could be getting ready for another move higher. Amid the inconsistent price moves, Cryptoquant analysts have shared onchain data that unveils a second early bullish signal appearing on its chart. Bitcoin bottom soon? The analyst revealed that
In brief U.S. consumer prices rose 0.1% in July after falling 0.4% in June, the Bureau of Labor Statistics said Wednesday. Over the past 12 months, prices are up 3.4%, a tick below June’s 3.5%. Bitcoin ticked up about 0.3% on the day to roughly $63,750, while total crypto market cap slipped under 1%. U.S.
Range resistance: $BTC failed six attempts above $65,000, with repeated rejections and thin upside volume. Holder dynamics: The $62K‑$65K band contains 1.79M $BTC, keeping price pinned as long‑term holder supply declines. Market tone: Options markets expect CPI to be a non‑event, reinforcing expectations of continued consolidation. Bitcoin continues to struggle at familiar levels even as
If you’ve scanned headlines over the last year, you’ve likely seen the prevailing market narrative: Bitcoin miners are abandoning their operations and pivoting to AI data centers, signaling a retreat from proof-of-work. To casual observers, this looks like a surrender. Proof that Bitcoin was just a temporary placeholder until a “better” compute workload arrived. However,
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BRICS Payment Push Puts $XRP Ledger’s Cross-Border Use Case in Focus BRICS is exploring ways to connect national fast-payment systems and central bank digital currencies (CBDCs) for cross-border trade. More notably, this does not mean the bloc has chosen $XRP. But it does highlight a challenge the $XRP Ledger was built to address when it