Another long-term Bitcoin whale awakened on Thursday, moving a chunk of their $50 million in BTC holdings after nearly 13 years. The “HODLer” first acquired the 444.81 BTC in 2012, when it was trading for a little over $12 per coin, blockchain data shows. Their movements—a transaction shifting 137.03 BTC, or nearly $16 million in
If Bitcoin can keep pace with gold as it soars to an inflation-adjusted record high, then it could be poised for a big breakout, analysts told Decrypt. The spot price for gold just exceeded an inflation-adjusted peak set more than 45 years ago. The price per ounce of gold in U.S. dollars has climbed 8%
Cryptocurrency analysis firm Glassnode stated in its latest report that the Bitcoin market is at a “critical juncture.” According to the analysis, Bitcoin is still stuck in the $110,000-$116,000 range, and this range plays a decisive role for investors. The recovery, which began at $107,000 after the pullback from the all-time high recorded in August,
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. No one is really arguing whether the Federal Reserve will cut rates next week. The conversation has become: by how much? And how will that impact crypto markets? It’s perfect timing for such a question, as more data dropped today. The
Cryptocurrency analysis company Santiment, in its latest report on Bitcoin, highlighted the decisive role of whale movements in the market. According to Santiment, wallets holding between 10 and 10,000 BTC have accumulated over 202,000 BTC in total over the past six months. The report argues that this growth in these wallets is strongly correlated with
Prominent Canadian investor Kevin O’Leary claims that he has overhauled his cryptocurrency investment strategy. The longtime “Shark Tank” host now claims that he is exclusively sticking with Bitcoin (BTC) and Ethereum (ETH). He is convinced that there is no need to own any other tokens, including meme cryptocurrency. “You don’t need to own any of
Banks should learn to manage the risks and thus make crypto services more accessible, the head of Armenia’s monetary authority has suggested. Speaking in the country’s parliament, the executive urged the adoption of a pragmatic approach to regulation in order to ensure innovation goes hand-in-hand with financial security. Governor calls for pragmatism regarding cryptocurrency Crypto
USDC circulation hits $72B, doubling from last year, boosting trust in stablecoins. Reserve income rises with increased blockchain activity, fueling revenue growth. Circle seen as building essential infrastructure beyond crypto speculation. Circle stock (CRCL:NYSE) soared 14% on Thursday, sending a clear signal that investors are warming up to the company’s evolving role in the financial
Michael Saylor’s flagship preferred share, Strike (STRK), was conspicuously absent from his company’s listing announcement this morning. The company instead announced that investors may now purchase calls and puts on Strife (STRF), Stretch (STRC), and Stride (STRD), as well as the earlier options chain for Strategy common stock (MSTR). No options chain exists for STRK
Chipper Cash, one of Africa’s leading fintech companies, announced today that more than 50% of all Bitcoin transactions on its platform now run over the Lightning Network, marking one of the most significant real-world deployments of Lightning to date. The company, which serves millions of consumers and businesses across Africa, has been using Lightning through