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(Bloomberg) — Michael Saylor’s Strategy said it bought $10.7 million of Bitcoin, a week after unveiling plans to issue up to $21 billion of preferred stock to acquire more of the cryptocurrency. Most Read from Bloomberg The enterprise software company turned leveraged Bitcoin proxy controlled by co-founder and chairman Saylor has been buying Bitcoin on…
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Prominent American entrepreneur Jason Calacanis has predicted that Strategy co-founder Michael Saylor will “break” the Bitcoin game. Calacanis has accused the charismatic billionaire of hijacking the leading cryptocurrency. The angel investor believes that Saylor is causing significant damage to Bitcoin due to his massive buying and increasing centralization. “Saylor’s relentless pumping of bitcoin, and his…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows that the Bitcoin “Supply Stress Ratio” has climbed to 0.23 recently, a sign that may not be positive for the BTC market. Bitcoin Supply Stress Ratio Indicates Market Currently Under Stress In a new post on X, the on-chain…
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Bitcoin mining giant Bitfarms has completed its acquisition of Stronghold Digital Mining, the company said on Monday. The Canadian mining company said in its announcement that the acquisition would help it focus on artificial intelligence by using the new site to optimize its data warehouses and sell space to AI firms. Bitcoin miners are increasingly…
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Bitcoin’s price action has been trapped in a tight range between $84,000 and $82,000 in recent days, with bulls struggling to push upwards. The general market sentiment is one of a cautious nature, and hopes of a quick return above $90,000 are starting to fade. However, a new technical analysis suggests that Bitcoin could be…
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Bitfinex analysts said Bitcoin buyers with purchases in the last month were the hardest hit during recent crypto market selloffs. Bitcoin (BTC) shed 13.5% of its value in the past 30 days and has dropped over 29% from its all-time high set in January, the biggest correction of the current bull cycle, according to the…
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A crypto whale has placed a massively leveraged bet that Bitcoin will continue to fall via decentralized exchange Hyperliquid. The wallet’s current short position is worth approximately $521 million, with 40x leverage applied. If Bitcoin rises just 1.75% from its current price of $84,108 to $85,591, then the whale’s entire position will be liquidated—and there’s…
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Data shows the Bitcoin futures market has seen a massive deleveraging event recently. Here’s what this reset could mean for BTC, based on past trends. Bitcoin Open Interest Has Gone Through A Crash Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC Open Interest has seen a retest recently. The…
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Crypto markets climbed higher on Monday with bitcoin (BTC) trading above $84,000 as another positive day for U.S. stocks extended their rise lifting risk assets.The largest cryptocurrency was up, the broader crypto market was up 1.8%, while the broad-market CoinDesk 20 Index slightly outperformed with a 2.4% advance during the same period. Ethereum’s ether (ETH)…