On Wednesday morning, economists are surprised with the announcement of a 0.1% decline in the August Producer Price Index, a key indicator of U.S. wholesale inflation. Analysts had forecasted a 0.3% rise following July’s PPI surge of 0.7%, even with a downward adjustment in the figures. Bitcoin surged to $114K following the announcement, after several … Read more
The price of Bitcoin is settling between $108,000 and $112,000 during this consolidation phase. The current price range is upheld as buyers protect essential support levels, addressing the void created by the swift surge in July. Although a more significant market correction could occur, the present trend indicates a phase of consolidation based on time. … Read more
The most recent study indicates that Bitcoin has lately stabilized around the short-term holding cost base, the market’s stability is still precarious. Even with a few encouraging indicators, the overall cautious mood remains prevalent in the market environment. In the last week, Bitcoin’s trading price has fluctuated near the $111k level, exceeding the cost basis … Read more
Bitcoin’s meteoric ascent excites the cryptocurrency market. BTC just surpassed $112,000. The milestone has drawn the attention of investors and enthusiasts globally, indicating a fresh bullish trend in digital assets. BTC is trading at $112,000, indicating market confidence and purchasing pressure. Bitcoin’s value is increasing for a variety of reasons. Grasping these influences is crucial … Read more
Greg Cipolaro said that buyer’s price for “Digital Asset Treasury” businesses has been falling, even though bitcoin hit a new all-time high in the middle of August. Public companies holding bitcoin on their balance sheets are known as DATs. The premium is calculated by taking their share price and subtracting their NAV per bitcoin share. … Read more
Bitcoin’s illiquid supply—the portion of coins held by entities with little history of spending—has reached a new record high, exceeding 14.3 million BTC in late August. Currently, there are 19.9 million BTC in circulation, with approximately 72% of the total supply being illiquid, retained by long-term holders and cold storage investors. This growth underscores a … Read more
Inactive reserve is distributed among over 100 wallets associated with the now-defunct site. Reports have revealed that site operators were apprehended in 2019, and that German authorities seized nearly 49,858 BTC in January 2024. Those coins were subsequently sold off in June and July 2024. The recently discovered 45,000 BTC, however, has remained inactive since … Read more
According to a recent post by Maartunn, Bitcoin has been experiencing significant adjustments concerning legacy tokens and spot ETFs. Spot ETFs are investment instruments that operate on conventional trading platforms, enabling investors to obtain exposure to an underlying asset such as BTC without the necessity of direct ownership of the asset. The Bitcoin spot ETFs … Read more
Altcoin dominance appears to be stabilizing as analysts observe Bitcoin’s consolidation around 58%, suggesting important levels for potential market changes ahead. Technical indicators reveal a recovery in RSI, accumulation of volume, and a break in the trendline, indicating that altcoin dominance may increase to the range of 0.20–0.25 in the mid-term. Analyst Egrag Crypto highlights … Read more
Sora Ventures introduced the first Bitcoin treasury fund in Asia. The announcement was made today. The fund, supported by a $200 million commitment from partners and investors throughout the region, intends to acquire $1 billion in Bitcoin over the next six months, as stated in a press release. Following the rise of individual Bitcoin treasury … Read more