In Brief US Bitcoin ETFs hold over 1.1 million BTC, surpassing Satoshi Nakamoto’s estimated holdings. BlackRock’s IBIT leads with 521,164 BTC, followed by Grayscale and Fidelity. Total ETF assets exceed $109 billion, fueled by $33 billion in net inflows. Spot Bitcoin ETFs in the US now hold more Bitcoin than the estimated 1.1 million BTC…
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In Brief Bitcoin nears the historic $100,000 mark, driven by strong institutional interest and increased adoption. Long-term holders (LTHs) show signs of bearish sentiment, potentially triggering volatility and downward pressure. Bitcoin’s NVT Golden Cross remains neutral, signaling room for growth, with the $100,000 threshold in sight before profit-taking. Bitcoin is on the verge of reaching…
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In Brief BTC has slipped from its peak of $93,495 as long-term holders cash out over $3 billion, marking the largest sell-off in 5 months. Market indicators signal potential correction, with BTC’s MVRV ratio at 182.06%, hinting the coin may be overvalued. If selling continues, the next support level near $83,983 looms, though renewed demand…
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In Brief MicroStrategy is offering $1.75 billion in convertible notes, maturing in 2029, to buy more Bitcoin. On the same day, the firm acquired $4.6 billion in Bitcoin, following a $2 billion purchase the previous week. MicroStrategy’s Bitcoin-first strategy aligns its value with BTC, achieving record highs amidst the bull market. MicroStrategy Founder Michael Saylor…
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In Brief Bitcoin dominance drops to 60%, fueled by rising altcoin performance, including Bonk and XRP, and a growing altcoin season index of 39. Extreme Greed sentiment on the Crypto Fear and Greed Index signals a potential Bitcoin price correction, opening doors for altcoin breakouts. Altcoin market cap hits $1.19 trillion; a continued BTC dominance…
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In Brief Bitcoin (BTC) trades at $90,893, with the NVT golden cross at -3.25, signaling significant room for further price appreciation. Historical trends and analyst suggest BTC could surpass $100,000, potentially triggering retail involvement and extended gains. A bullish flag pattern indicates a potential rally to $104,228, but an overheated NVT reading may prompt a…
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In Brief Peter Schiff calls Bitcoin’s recent surge a “bubble” and predicts catastrophic losses for both investors and the economy. Schiff argues Bitcoin and blockchain are “popular delusions” and warns of a severe misallocation of resources. He also dismisses the idea of a US Bitcoin reserve, claiming it would destabilize the economy and devalue the…
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In Brief Craig Wright said he is developing a scaling solution to transform Bitcoin into a practical tool for global transactions. He aims to eliminate high fees and regulatory barriers, making Bitcoin accessible for trade, particularly in underserved regions. Wright’s goal is to empower individuals to use Bitcoin for personal financial freedom rather than as…
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In Brief Bhutan transferred $65.66 million in Bitcoin to Binance, likely signaling an intent to sell part of its holdings. Despite planned sales, Bhutan continues its state-run Bitcoin mining operations through Druk Holdings and Investments. Bhutan is the first government to select Binance for asset sales, while others like Germany chose Coinbase, Kraken, or others.…
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Bitcoin reached $70,000 today for the first time in over four months. BTC’s daily trading volume has also jumped by nearly 135% on Monday, according to CoinMarketCap data. This is only the third time that the largest cryptocurrency has hit the $70,000 mark, as it reached a new all-time high earlier this year. Bitcoin ETFs…
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