Cryptocurrency

Bitcoin whales took full advantage of the Bitcoin price slump earlier this week on June 11, accumulating a combined 20,600 BTC worth $1.38 billion on the day. According to blockchain analytics firm CryptoQuant, it was the largest inflow day for Bitcoin whales since Feb. 28, when spot Bitcoin exchange-traded funds were barely six weeks old, and BTC was approaching a […]

Bitcoin dropped under $67,000 into the June 11 Wall Street open as markets staged a classic pre-inflation report comedown. BTC/USD 4-hour chart. Source: TradingView BTC price dip: “Much ado about nothing?” Data from Cointelegraph Markets Pro and TradingView showed new local Bitcoin price lows of $66,696 on Bitstamp — its worst month-to-date. Having dropped for almost 24 hours […]

A Bitcoin whale has transferred 8,000 Bitcoin (BTC) worth $536.5 million from a Coinbase cold storage wallet after five and a half years of dormancy. Bitcoin address “1ABww1…mCSKq” received the entire 8,000 BTC stash at block 847,490 on June 11, 1:26 pm UTC, according to blockchain analytics firm Arkham Intelligence. That wallet then transferred all the Bitcoin to the […]

Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve’s next rate decision. The price of bitcoin was last lower by 3% at $67,582.34, according to Coin Metrics, extending a decline that began Friday when bitcoin retreated from the $70,000 level. Earlier in the day, it fell as low as $66,140.67. […]

Michael Saylor is the co-founder and chairman of MicroStrategy, a software development company that has strongly emphasized Bitcoin in recent years. The company began investing in Bitcoin in August 2020 and has consistently bought tokens since then. MicroStrategy has acquired more than 1% of the entire Bitcoin supply, with holdings worth more than $15 billion […]

Bitcoin starts a new week battling age-old resistance after June began with surprise volatility. Bitcoin price action depicts a tug-of-war between bulls and bears around old 2021 all-time highs at $69,000 — who will win? An increasingly unpredictable short-term market landscape has made for interesting viewing — and trading — in June so far. External […]

DeFi Technologies, a publicly listed exchange-traded product (ETP) provider and venture capital firm, announced its decision to adopt Bitcoin as the company’s primary treasury reserve asset. In its monthly corporate report, the company also announced that its subsidiary, Valour, repaid $5 million in loans and currently has $607 million in assets under management as of May 31, […]

Bitcoin’s price moved so little over the 15 days leading up to the sharp decline on June 7 that it approached historic lows seen across all 15-day periods in Bitcoin’s history. The period between May 24 and June 7 was among the “bottom 6% of occurrences” for volatility, according to Swan Bitcoin chief investment officer Rapha […]

Bitcoin saw flash downside volatility into the June 7 Wall Street open as United States payrolls data surprised markets. BTC/USD 1-hour chart. Source: TradingView Bitcoin wobbles on highly mixed U.S. jobs data Data from Cointelegraph Markets Pro and TradingView showed a $1,300 BTC price dip within a single hourly candle before a rebound entered. Bitcoin joined a knee-jerk reaction […]

Bitcoin ETFs continue to attract investors, despite recent fluctuations in the crypto market. BlackRock’s Bitcoin ETF (IBIT) has recently taken the lead, becoming the largest spot ETF in the United States! Surpassing Grayscale’s Bitcoin Trust (GBTC), after recording net inflows of $102 million during a trading session. Bitcoin ETFs are attracting more and more investors! […]