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The Bitcoin price appears to be holding its breath ahead of tomorrow’s Federal Reserve decision on interest rates. At the time of writing, Bitcoin has slid just below $83,000, having lost 0.8% in the past day, according to CoinGecko data. Traders are moving a lot less Bitcoin than they were this time last week, when President…
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By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) traded around its 200-day average of $84,000 as the notorious Hyperliquid whale exited its multimillion dollar short BTC position. Smaller coins like CAKE, TKX, OKB and ATOM contributed to market optimism with positive performances. The SUI token struggled to extend Monday’s 6% surge, which…
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TLDR Metaplanet Inc. has issued its 9th series of zero-interest bonds worth 2 billion yen ($13.4 million) to EVO FUND to purchase Bitcoin The company recently acquired 150 BTC worth around $12.5 million, bringing their total holdings to 3,200 BTC ($265 million) Metaplanet is now the 10th largest BTC-holding public entity according to bitcointreasuries.net The…
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Bitcoin has reached the end of its bull cycle and the market will face bearish or sideways price movements in the next few months, according to CryptoQuant CEO Ki Young Ju. In a recent post, CryptoQuant CEO Ki Young Ju predicts that in the next six to 12 months, Bitcoin (BTC) will see “bearish or…
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Bitcoin exposure and product development among TradFi institutions are booming, regulations are becoming clearer, and political interest continues to rise. CeFi is essential to this progress, with North American institutional giants like BlackRock relying heavily on CeFi platforms to support its foray into the space. The impact on CeFi companies has been substantial; the CeFi…
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CryptoQuant CEO Ki Young Ju announced today that Bitcoin’s bull cycle “is over” and warned investors to brace for “6–12 months of bearish or sideways price action.” This development comes after the on-chain analytics veteran had previously urged caution but maintained a measured outlook on the market as recently as two weeks ago. Is The…
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Bitcoin managed to outperform the other major global assets, such as the stock market, equities, treasuries and precious metals, despite the recent crypto market correction coinciding with the two-month debt suspension period in the United States. Bitcoin’s (BTC) price is currently down 23% from its all-time high of over $109,000 recorded on Jan. 20, on…
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Unrealized profits of Strategy from Bitcoin holdings have fallen below $8 billion, putting increasing pressure on Michael Saylor’s Bitcoin investment strategy. The cryptocurrency market is clearly struggling, and Bitcoin has failed to maintain its recent bullish momentum. Since 2020, MicroStrategy — now known as Strategy — has been actively buying Bitcoin, steadily growing its holdings…
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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content. TLDR Bitcoin experienced a $12 billion open interest wipeout, dropping 19% from $61.42B to $49.71B Analysts view this as a “natural market reset” essential for…
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Gold has surged to a new all-time high, surpassing $3,025 per ounce to mark an increase of over 15% in since the turn of the year. Meanwhile, bitcoin is lagging (BTC), down 10% year-to-date. Several factors have contributed to gold’s rally, including significant inflows into gold ETFs and its traditional role as a safe-haven asset…