Bitcoin’s blockchain recorded one of the biggest moves of recent weeks as a total of 4,999 BTC, valued at $567,998,549 based on a reference price of $113,800 per coin, was transferred from a well-known whale address to a wallet that had never held coins before. To say the least, the sender’s wallet is long accustomed
A long-term Bitcoin indicator tracked by analyst bitcoindata21 is close to flashing again, pointing to the possibility of another price surge. The signal is triggered whenever the market touches a yellow upward trendline that has historically marked the beginning of major rallies. This observation comes at a time of subdued sentiment in the crypto market,
Fed Pushes Back on September Rate Cut A senior U.S. Federal Reserve official made it clear: “With current data, there’s no case for a September rate cut.” Inflation remains sticky, and the labor market is still resilient, giving the Fed little reason to ease up. For crypto, that’s bad news. A delayed cut means tight
Stablecoin payments processor Loop Crypto raised a strategic round co-led by VanEck and Fabric Ventures, the firm exclusively told Blockworks. This brings the total funding raised by the firm to $6 million, but the team declined to give specifics on the most recent round. Co-founders Eleni Steinman and Shane van Coller noted that they —
The financial world is buzzing with news that the California State Teachers’ Retirement System (CalSTRS), the third-largest U.S. pension fund, has gained significant CalSTRS Bitcoin exposure. This monumental move involves a $133 million investment through MicroStrategy (MSTR), signaling a pivotal moment for institutional adoption of digital assets. This development, first highlighted by The Bitcoin Historian
Bitcoin’s recent price action may still be tracking its historic four-year halving cycle, despite some market predictions that rising institutional interest could break the pattern, according to onchain analytics firm Glassnode. “From a cyclical perspective, Bitcoin’s price action also echoes prior patterns,” Glassnode said in a markets report on Wednesday. Bitcoin shows signs of cool
Wealthy families and investment offices across Asia are stepping up their involvement in cryptocurrencies, encouraged by strong market performance, wider adoption, and supportive regulatory moves in major financial centers. Wealth advisers say they are fielding more calls, trading platforms report heavier activity, and specialist funds are drawing steady inflows as wealthy investors look to add
Popular American entrepreneur and founder of Professional Capital Management, Anthony Pompliano, emphasizes Bitcoin’s dominance in the crypto market, stating that BTC will continue to remain the king. Pompliano made the bold assertion today during his appearance on CNBC’s Squawk Box, while pushing back on the old ‘blockchain, not Bitcoin’ narrative, which was popular during the
Markets are quickly recalibrating previously lofty odds of an imminent rate cut as the jets touch down in Jackson Hole for the Kansas City Fed’s Economic Symposium. The current data does not make the case for a September ease, said Cleveland Fed President Beth Hammack, speaking with Yahoo News in Wyoming. “We have inflation that’s