Gold has rallied 28% over the past year from $3,400 to $4,330, outperforming digital rival $BTC by over 70 percentage points. Over the same time period, $BTC has suffered an embarrassing 44% decline from $117,000 to $65,000. In fact, across the past three years, owning so-called “digital gold” instead of the real thing would have
American Bitcoin mined approximately 932 $BTC and reported $67.015 million in revenue in the second quarter. But its six-month cash flows do not show that the broader reserve strategy was self-funding. The miner finished June with 8,002 $BTC, while first-half operations used $63.795 million in cash and digital-asset purchases used another $65.316 million. The cash-flow
Michael Saylor posted a cringeworthy Q2 earnings call video this week, prompting an avalanche of criticism from Bitcoiners who are getting increasingly sick of Strategy selling bitcoin ($BTC). The AI-powered clip, created by “truth seeker maximalist” Alexes Nakamoto, features Strategy shareholders, including Head of Bitcoin Chatanya Jain, Chief Financial Officer Andrew Kang, and CEO Phong
Bitcoin was trading higher on Friday — despite negative news circulating regarding the Clarity Act delay and a massive exploit of the popular Coldcard wallets. The biggest cryptocurrency was trading above $65,170 today, up nearly 4% over the past week, despite significant headwinds against the asset. JUST IN: $65,177 Bitcoin! pic.twitter.com/ZZzVloKXjM — Bitcoin Magazine (@BitcoinMagazine)
In brief Bitcoin trades at $64,938, up 1.06% on the day, but stuck below iboth the short-term and long-term moving averages. The U.S. economy shed 23,000 jobs in July, missing the 95,000 gain economists expected; CME FedWatch cut September hike odds to 40% from 55%. The short-term outlook remains bearish, but dwindling rate-hike odds may
There is a fierce battle being waged between Bitcoin [$BTC] bulls and bears as the price climbs back above $65K once more. The on-chain metrics covered in recent days showed that strong, sustained demand is not yet present to support a bullish trend reversal. Source: CryptoQuant On 5th August, as Bitcoin approached $65K, the centralized
Over the last 24 hours, there have been three distinct developments involving Bitcoin [$BTC]. First, Glassnode data showed that active Bitcoin addresses rose to 0.98 million daily. The spike may reflect security concerns rather than renewed investor demand. Many Coldcard users may have moved funds into newly created wallets after the firmware exploit became public.