Bitcoin’s price has trended downward since clinching a new all-time high at $123,731 on August 14. The leading coin now trades at $115,892, noting a 7% dip in less than a week. While this pullback has triggered concerns among traders, on-chain data suggests a potential rebound, led by Bitcoin’s largest investors, could be on the
CoinDCX CEO Sumit Gupta believes Web3 could become a cornerstone of India’s digital economy. In a post on X, Gupta projected that the sector could add $1.1 trillion to India’s GDP by 2032. He pointed to the country’s growing developer base and startup ecosystem as evidence of its readiness to lead. India already has more
Ross Gerber, co-founder of Gerber Kawasaki Wealth and Investment Management, has criticized Strategy’s approach to investing in Bitcoin. According to Gerber, the pattern adopted by Michael Saylor’s Strategy could trigger the end of Bitcoin should things go wrong and the price collapses. The “Crazy Bad Math” of the Strategy Premium The veteran investor took issue
The past few days have been rough for Bitcoin (BTC) on the chart. The price dropped back to the $115,000 range after not being able to hold its August high of $123,000. But looking at Onchain Lens records, it seems someone is secretly building one of the biggest positions seen this month. One wallet connected
Blockchain payments provider Tassat Group has appointed its president and chief strategy officer Glen Sussman as its new chief executive officer, the company said in a press release Tuesday. Sussman, who joined Tassat in 2021, will succeed outgoing CEO Zain Saidin. Saidin will remain on the company’s board and take on a new role as
After a week of ups and downs, the price of Bitcoin is settling down near $115,400. It had trouble getting past the $120,000 resistance zone. Sellers stopped the most recent breakout attempt, sending BTC back into its rising channel structure. At the same time, bulls are trying to keep demand levels around $114,000–$115,000 strong. The
With MVRV BTC +21% in the latest Santiment update, the risk on Bitcoin is moderate: the probability of profit-taking increases and a consolidation phase is emerging. The whales are not selling and continue to accumulate, reducing the supply pressure and maintaining a balance, albeit fragile. According to the data collected by our on-chain research team,