The company broke its weekly purchasing run of bitcoin at the end of March, the first time it had done so this year. The website of Strategy states that the company has purchased 762,099 BTC, with each coin costing an average of $75,694. Michael Saylor has dropped hints that his Bitcoin treasury is getting back
On a weekly timeframe, the MACD indicator suggested that Bitcoin’s most recent decline is about to turn around. Several analysts have pointed to important MACD parallels during Bitcoin’s two bear markets in the past, continuing the tendency. The US president’s conflicting signals over a possible agreement with Iran to reopen the Strait of Hormuz, together with
The company has started a waiting list for customers who want to be among the first to utilize its “Schwab Crypto” account. This follows remarks made by CEO Rick Wurster in July, when he said that Schwab intended to implement cryptocurrency trading “sometime soon.” Charles Schwab, a behemoth in the brokerage industry, intends to expand
According to Michael van de Poppe’s Friday X post, the breakout will be heavier if it lasts longer. ETF expert James Seyffart predicts that spot Bitcoin ETFs might eventually have more assets under management (AUM) than gold ETFs. A prominent crypto analyst has speculated that the extended consolidation of Bitcoin below $70,000 may be setting the stage
According to Circle, the asset’s primary goal is to provide institutions with a neutral, highly secure alternative to wrapped Bitcoin. The most popular wrapped Bitcoin token, wBTC, is offered by BitGo and has 119,157 tokens in circulation. Its market cap is at $8 billion. Circle, a stablecoin issuer, has announced its intention to offer a wrapped Bitcoin,
Bitcoin is currently trading near $70.3K. $249M in BTC liquidations hit the market. Bitcoin is currently trading in a key consolidation zone, referred to as a no-trade zone, between $65,636 and $70,685. This range has seen heavy activity, with over 1.72 million BTC exchanged. It makes it a strong area of both support and resistance.
Bitcoin came below renewed selling pressure after Federal Reserve Chairman Jerome Powell signaled a cautious stance on future price cuts, triggering a broader market pullback. The important cryptocurrency dropped more than 5% in 24 hours, taking from weekly highs above $74,000 as macroeconomic troubles weighed on investor sentiment. Fed Signals Drive Market Weakness The decline
Bitcoin price is holding near the $70.7K mark. BTC Fear and Greed Index at 23 hints at extreme fear. The prolonged geopolitical tensions impact the Bitcoin price, which causes short-term volatility and sharp corrections due to increased risk aversion. It may be followed by rapid recoveries or surges if investors perceive it as a hedge
Metaplanet transferred 4,986 BTC ($368M) from dormant wallets, marking its first major activity in three months. The company aims to acquire 210,000 BTC, currently holding 35,102 BTC, while raising up to $531M through shares and warrants. Japan-based Tokyo-listed Bitcoin treasury company Metaplanet Inc. transferred 4,986 Bitcoin (BTC), valued at about $368 million, from its cold
Bitcoin slips over 4%, trading near $67.8K. $119.12M in BTC liquidations hit the market. The dominant asset, Bitcoin (BTC), is floating over the bear market. It has been trading below $75K over the last few weeks, facing back-to-back rejections amid the recovery attempts. The BTC price has plunged by 4.29% in the last 24 hours.