Bitcoin $BTC$84,074.46 is on the back foot Wednesday. Its bigger bullish pattern is still holding. The cryptocurrency fell to $84,200 early Wednesday, down over 2% from near $86,500 on Tuesday, according to CoinDesk data. But it’s still trading inside the range it has held for the past two weeks, and that keeps a months-long bullish
Stacks founder Muneeb Ali said he plans to assign intellectual property to the Stacks Endowment and explain how Bitcoin bonds drive value to $STX, outlining priorities for his first 30 days as Stacks Labs CEO. “We’ll assign all IP to the endowment, which has no shareholders,” Ali wrote in an Oct. 6 post, saying the
Bitcoin fell below $84,000 Tuesday night after losing about $1,767, or 2.1%, in roughly 20 minutes on Coinbase. The exchange’s BTC-USD candles recorded a low of $83,551 in the minute beginning at 10:06 p.m. ET on Oct. 6, compared with an opening trade of $85,317.95 at 9:46 p.m. CoinGecko’s composite price stood at about $84,054
Bitcoin’s whale position has recently transitioned from an extended period of deposits at exchanges to withdrawals from exchanges. The trend shifted around the end of August, after nearly three months of overall deposits. This trend lasted about twice as long as any other period of deposits since 2023. Since then, the 30-day moving average has
Strategy estimated a $4.1 billion income-tax benefit after Bitcoin’s fair value rose above cost as of Sept. 30, according to its Oct. 5 filing. The benefit comes from a lower estimated tax expense through an accounting adjustment. The filing shows what can change when Bitcoin crosses a large holder’s cost basis. The next consequence depends