Bitcoin’s recent on-chain activity presents a mixed picture of strength and weakness. On the one hand, several indicators point to a resilient market with strong institutional support. The Delta Cap, a long-term valuation floor, is at $739.4 billion, and the Coinbase Premium Gap is positive at +11.6, suggesting strong buying from U.S. institutional investors. Furthermore, … Read more
Solv Protocol, a financial services provider for Bitcoin holders, has teamed up with the decentralized oracle network Chainlink to boost the transparency and security of its liquid token, SolvBTC. By integrating Chainlink’s Proof of Reserve (PoR), Solv can now provide real-time verification of its actual Bitcoin reserves directly within its price feed. Unlike standard price … Read more
The crypto market is facing significant uncertainty as it enters September. Following a historic August rally where Ethereum (ETH) nearly reached $5,000, momentum has waned, and the price is now fluctuating between $3,800 and $4,200. Ethereum (ETH): Key levels to watch: Analysts agree that holding the $4,000 level is crucial for ETH. A sustained break … Read more
Bitcoin is struggling to stay above its short-term holder cost basis of around $108,000. The price is facing downward pressure due to expected U.S. Treasury borrowing, which could reduce dollar liquidity. This squeeze might push Bitcoin’s price down toward $100,000, despite a favorable long-term macroeconomic outlook that includes a high chance of a September rate … Read more
Japanese firm Metaplanet has announced a significant new purchase of 1,009 Bitcoin (BTC) for 16.48 billion yen ($112 million), bringing its total holdings to 20,000 BTC. This acquisition was made at an average price of approximately $111,068 per bitcoin. With this latest accumulation, Metaplanet has become the sixth-largest public company holding bitcoin, likely surpassing Riot … Read more
Spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) experienced net outflows on Friday, breaking a period of positive momentum. Data from SoSoValue shows that Ethereum ETFs saw a net outflow of $164.64 million, ending a five-day streak of inflows. Bitcoin ETFs also turned negative, with $126.64 million in net outflows, their first daily loss since August … Read more
Gryphon Digital Mining is set to merge with American Bitcoin, a subsidiary of Hut 8, and will be rebranded as American Bitcoin. The company will also undergo a 5-for-1 reverse stock split to meet the listing requirements for the Nasdaq stock exchange, with trading set to begin on September 2, 2025. According to CEO Asher … Read more
As August ends, cryptocurrency traders are bracing for what has been historically known as “Red September,” a phenomenon where markets, including crypto, tend to see negative returns. Since 2013, Bitcoin has fallen an average of 3.77% in September, with a track record of eight crashes, according to data from Coinglass. Experts believe this pattern is … Read more
Bitcoin mining firm IREN has announced its best-ever quarterly earnings, with revenue reaching $187.3 million last quarter and $501 million for the fiscal year. This strong performance led to a nearly 14% jump in its stock price in after-hours trading. For the quarter ending June 30, the company’s revenue was up 226% year-on-year, helping it … Read more
Prediction markets are buzzing with speculation about the value of El Salvador’s Bitcoin holdings, with growing odds that the country’s treasury will reach a valuation of $1 billion by the end of 2025. This renewed interest was sparked by President Nayib Bukele, who humorously commented on a market created by Kalshi tracking the milestone. Following … Read more