Tushar Jain, co-founder of Multicoin Capital, stated that the current optimism in the cryptocurrency market is somewhat excessive, and that a correction or period of sideways consolidation may occur in the coming period. In his assessment, Jain stated that the current market sentiment has reached a “slightly euphoric” level, emphasizing that a short-term pullback would
Strategy founder Michael Saylor has raised expectations of a possible new $BTC purchase by reposting the “Bitcoin Tracker” chart, which the company uses to track its Bitcoin reserves. Saylor simply added the phrase “More orange” to his post. In Saylor’s past posts, the orange dots on the chart represented Strategy’s Bitcoin purchases, and similar posts
Bitcoin held above $80,000 this weekend while three institutional indicators pointed in different directions. The Sept. 15 snapshot from the Commodity Futures Trading Commission showed leveraged funds becoming less net short across four regulated Bitcoin futures products. Their aggregate net-short exposure fell by the equivalent of 7,275 $BTC from the prior week. Asset managers, meanwhile,
Bitcoin has surpassed two of the world’s biggest listed companies by market capitalization after its price climbed last week. According to CompaniesMarketCap, Bitcoin’s market cap is now $1.615 trillion, surpassing Elon Musk-led Tesla with a market value of $1.438 trillion and Samsung with a current market value of $1.237 trillion. Bitcoin is ranked 13th among
In brief Over two years, Bitcoin gained 28% while the median mid-cap altcoin lost 74% and Ethereum landed roughly sideways, per a Glassnode and Bybit report—a stark reversal of the usual “altseason” rotation. Leverage has pooled in the riskiest corners: Bitcoin carries futures open interest worth about 2% of its market cap, versus roughly 24%
Every paycheck eventually has to pay for something: rent, groceries, transport, or bills. Stablecoins can move between wallets in seconds. But that does not mean an employee can spend the money immediately. They may still need to convert the stablecoins into local currency, move the money to a bank account, and pay fees along the
The Bank of Russia has proposed a 1% crypto capital cap, limiting covered crypto and foreign-digital-instrument risk to a bank’s own funds while leaving some client custody positions outside the new calculation. The Sept. 18 proposal would create N31 for individual credit institutions and N32 for banking groups on a consolidated basis. Each ratio compares
Bitcoin (BTC) is approaching a decisive technical level that could determine whether its latest recovery develops into a confirmed bull market or faces another significant correction. Notably, the flagship cryptocurrency rebounded strongly on September 19, climbing back above $80,000 as renewed demand for spot Bitcoin ETFs, a wave of short liquidations, and improving regulatory sentiment
A strange thing has happened to Bitcoin’s derivatives market over the past five years. The market is larger, institutions play a much bigger role, exchanges offer more sophisticated products, and traders have become far better at moving risk around. At the same time, one of the products that helped build that market has almost disappeared
Bitcoin’s share of supply last moved at least one year ago reached 63.3% on Sept. 18, up 0.98 percentage points from 62.32% on Aug. 18, according to Maketo’s HODL-wave data. HODL waves group Bitcoin’s unspent transaction outputs into age bands based on their last on-chain movement. The rising one-year share therefore shows that more supply