Bitcoin’s 1-Hour Chart Shows Buyers Digging In at $77K Bitcoin’s price metrics via the 1-hour chart show exactly where the damage stopped, with bitcoin dropping from a session high near $79,386 to a low of $77,024 before grinding back into the mid-$78,500s. Volume expanded on the way down, giving the sell-off some real weight, but
On-chain analyst Willy Woo has reported that approximately 5% of the global population now holds Bitcoin, a figure that surpasses the 4% of Americans who own stocks in the S&P 500. This milestone, derived from a Bitcoin holder metric Woo developed using Glassnode data, highlights the growing penetration of cryptocurrency as a mainstream financial asset.
Strategy MSTR$129.49·At close made its first bitcoin purchases since late June, adding 4,603 coins for $369.7 million last week, or an average price of $80,318 each. The acquisition was funded via the sale of $602.8 of common stock, according to a Monday morning press release. The remaining proceeds went toward $151.8 million in buybacks of
Metaplanet CEO Simon Gerovich has publicly stated that Bitcoin is not an asset to sell, responding to a user on X who questioned the company’s lack of an exit strategy for its Bitcoin holdings. The exchange highlights a growing debate among investors about the long-term viability of holding spot Bitcoin through publicly traded companies. Background:
Bitcoin’s fixed supply has made it a common answer to fears about rising prices. For Indian investors, that answer misses one major variable. The rupee changes the local return before inflation enters the calculation. India’s consumer inflation reached 4.45% in July 2026, according to the Ministry of Statistics. Meanwhile, Bitcoin traded near ₹7.43 million on
The European Central Bank has strengthened its privacy commitments for a potential digital euro as Revolut has begun rolling out its first euro-backed stablecoin, EURR, to selected customers across three European markets. Forbes reported that the two projects are developing on separate tracks, with the digital euro designed as central bank money while EURR is
Tether CEO on Tokenized Deposits: “The Emperor Has No Clothes” The debate between several representations of onchain fiat money and the advantages they offer users is raging. Paolo Ardoino criticized recent statements by Pablo Hernandez de Cos, the General Manager of the Bank for International Settlements (BIS), who stressed that stablecoins are not an effective
Bitcoin traded near $77,900 on Aug. 31 despite renewed fighting between the United States and Iran that pushed oil prices higher and pressured global equity markets. $BTC was down approximately 0.4% over 24 hours, after moving between $77,162 and $79,343. The limited change contrasted with a sharper reaction across energy, bond and equity markets following
Hanwha Group, one of South Korea’s largest business conglomerates, has liquidated its blockchain-focused subsidiaries, Enterprise Blockchain Inc., in both South Korea and the United States during the first half of this year. The move, disclosed in a correction to the company’s half-year report, signals a notable retreat from the group’s earlier forays into blockchain technology.
South Korea’s potentially taxable cryptocurrency activity reached approximately $10.9 billion in 2023, placing the country 11th among nations analyzed in a recent Chainalysis report. The data, released on August 31, provides a detailed look at the scale of crypto transactions that could fall under the country’s upcoming taxation framework. Breakdown of South Korea’s Taxable Crypto