Following an 8.9% increase over the previous day, Bitcoin [$BTC] was trading at $76,522.29, finally breaking through the long-tested resistance level of $70,000. Given the current price action, Bitcoin is currently facing a record-breaking, largest profit-taking UTXO movement in history, as reported by CryptoQuant. At the same time, $BTC is getting closer to a critical
Bitcoin and altcoins have experienced a significant surge in recent days. Bitcoin, which was around $63,000 at the beginning of the week, has continued its accelerating rise, climbing above $79,000. $BTC has gained approximately 23% in value since August 19th, with this rise largely attributed to the liquidation of short positions and increased demand in
Zhu Su, co-founder of the bankrupt crypto hedge fund Three Arrows Capital and founder of the OPNX exchange, has sparked fresh debate with a bold prediction: a U.S. debt crisis could accelerate the migration of corporate bonds onto blockchain networks, while simultaneously reducing the appeal of stablecoins. In a recent post on X, Zhu argued
Garrett Jin, the founder of the now-defunct cryptocurrency exchange BitForex, has seen his substantial Bitcoin long position turn profitable after more than three months of holding. According to blockchain analytics platform Lookonchain, Jin’s position, which consists of 1,268 $BTC valued at approximately $97 million, has moved into unrealized gains of over $500,000. This marks a
Taiwanese singer and crypto investor Jeffrey Huang, widely known as Machi Big Brother, has reopened a 40x leveraged long position in Bitcoin and increased the position size to 100 $BTC, according to a report from Odaily. The move marks a renewed bullish bet on the leading cryptocurrency after a period of reduced activity. Details of
Bitcoin $BTC$77,602.44 heads into Friday’s U.S. session having hit its highest level since May as the U.S. Treasury’s bond-buyback plan continues to fuel appetite for risk. The largest cryptocurrency recently traded near $78,000 after climbing to as high as $79,400, leaving $80,000 as the immediate test before trading in exchange-traded funds (ETFs) shuts for the
Bitcoin has seen “nice momentum these last few days,” said Mati Greenspan, a former senior eToro market analyst, and founder at Quantum Economics. “This is generally what bottoms look like,” Greenspan said. “They begin with a short squeeze, a giant green candle, start breaking above technical levels, and suddenly everyone with limit orders waiting for
During his appearance at the SALT Wyoming conference, Ripple CEO Brad Garlinghouse has stated that Ripple is fully embracing artificial intelligence (AI). “I have a somewhat contrarian view on some of this,” Garlinghouse stated. “Ripple has adopted AI aggressively. I think if you are in a growing business, a growing category, and taking share, AI