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Strategy Inc. (Nasdaq: MSTR) now pairs a $3 billion U.S. dollar reserve with 843,775 BTC worth roughly $55 billion, a barbell structure executive chairman Michael Saylor is pitching as the company’s path through the bear market. A New Strategy, No Pun Intended The world’s largest corporate bitcoin holder has stopped stacking and started hoarding dollars. … Read more
Bitcoin whales have not identified quantum computing risks as a reason for selling, according to Galaxy Digital, while institutional investors have flagged quantum concerns as a reason to avoid buying the crypto asset. Quantum Fears Appear to Be Influencing Buyers, Not Bitcoin Sellers Bitcoin’s largest holders have not attributed selling activity to quantum computing risks, … Read more
Blackrock CEO Larry Fink said he is bullish on markets, citing early gains from technology-driven margin expansion. He also said the washout of excessive leverage has left bitcoin and the broader cryptocurrency market more stable. Why Larry Fink Is Bullish on Markets Larry Fink, CEO of Blackrock, the world’s largest asset manager, said in a … Read more
US spot Bitcoin ETFs logged $4.5 billion in net outflows in June, their worst month since launching in January 2024, as Bitcoin slid 20.48% and later hit a 21-month low of $58,190 on July 1. Citigroup cut its 12-month Bitcoin target to $82,000 from $112,000, while leveraged futures open interest fell from about $31.3 billion … Read more
Blackrock reported record second-quarter results on Wednesday, with revenue climbing 31% year over year to $7.1 billion as the firm’s chairman and chief executive officer, Larry Fink, detailed new steps toward tokenizing money market funds and expanding the company’s digital asset business. The New York-based asset manager posted adjusted earnings per share of $13.91, up … Read more
Fueled by positive economic data, bitcoin added to its July 14 gains on Wednesday to breach $65,000, hitting an intraday peak of $65,518 and driving its market cap past $1.3 trillion. Leveraged Shorts Wiped Out in Derivatives Flurry Building on a recovery that wiped out Monday’s losses, bitcoin comfortably surpassed the $65,000 threshold on Wednesday. … Read more
Crypto ETF flows turned positive on Tuesday, July 14, as bitcoin funds drew $181.08 million and ether ETFs added $58.34 million. Altcoin ETFs were unusually quiet, with XRP, solana and HYPE products seeing no trading activity. Bitcoin and Ether ETFs Post Clean Inflow Day as Altcoin Funds See No Trading Activity The crypto exchange-traded fund … Read more
Bitcoin broke above $65,000 on Wednesday morning at 8:30 a.m. EDT, after a softer-than-expected U.S. producer price report lifted stock futures, crypto, and gold, even as Middle East supply fears kept oil prices near multi-year highs. Producer Prices Cool, Fed Bets Shift The Bureau of Labor Statistics released the June Producer Price Index (PPI) at … Read more
Top traders on Hyperliquid are running some of the most aggressive bitcoin long positioning ever recorded by Glassnode, exceeding levels seen during the last run toward $83,000. A New Record Onchain analytics firm Glassnode revealed on Wednesday that leveraged traders on the decentralized exchange ( DEX) have built exposure that now exceeds anything the firm … Read more
Economist Peter Schiff admitted he regrets not buying bitcoin early but predicted the next wave of regret will belong to holders who fail to sell above $60,000. The warning landed as bitcoin reclaimed $65,000 earlier today. A Familiar Refrain The gold advocate and longtime bitcoin critic said recently that people’s regret (including his own) over … Read more