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During the recent Bitcoin price dip, wallets holding between 1,000 and 10,000 BTC displayed notable confidence, consistently increasing their holdings as the market declined. In contrast, wallets with less than 1 BTC exhibited a lack of conviction, experiencing the most significant reduction in holdings during yesterday’s downturn. Wallets holding between 1,000 and 10,000 BTC demonstrated … Read more
Santiment found that wallets holding between 10 and 1,000 BTC “rapidly accumulated” as Bitcoin fell under $50,000 amid “Crypto Black Monday.” Go to Source
Microstrategy’s executive chairman, Michael Saylor, has revealed that he continues to add to his personal bitcoin holdings, which total at least 17,732 BTC. He disclosed this amount four years ago and has not sold any since, continuing to buy more. Saylor views bitcoin as an ideal investment for individuals, families, corporations, and countries. Meanwhile, Microstrategy … Read more
Bitmex cofounder and former CEO Arthur Hayes has predicted cryptocurrency prices will rise under both the Donald Trump and Kamala Harris administrations due to increased money printing. He added that bitcoin’s price could soar to “hundreds of thousands of dollars, maybe $1 million.” Arthur Hayes Predicts Aggressive Financial Measures and Soaring Crypto Prices Arthur Hayes, … Read more
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover of rivals. Others have … Read more
On-chain activity suggests that Bitcoin whales have been accumulating over the past month amid a market slump. Go to Source
Traders say Bitcoin presents the “best buying opportunity” after BTC’s price rebounds toward the $57,000 level. Go to Source
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility. Go to Source
Bitcoin declined by a very similar amount following the halving in 2016 and before the 2017 bull run. Go to Source
The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button for liquid assets during broad-based panics. But from my seat, today’s events play into the long-term story for … Read more