In a recent post on X, the analytics firm Santiment has shed light on a crucial Bitcoin metric: “Supply Held by Miners.” This indicator tracks the total Bitcoin held in wallets controlled by miners, offering insights into their market behavior. Understanding Miners’ Supply Dynamics The “Supply Held by Miners” metric reflects the amount of Bitcoin … Read more
Coinbase, a leading cryptocurrency exchange listed on Nasdaq, has introduced a new tokenized version of Bitcoin called cbBTC. This token is now available on both Ethereum and Coinbase’s Layer-2 network, Base. The launch has been met with notable success, as cbBTC’s market capitalization surged to over $100 million within just a day of its debut. … Read more
Bitcoin has recently reclaimed the $60,000 mark, signaling a robust recovery in the cryptocurrency’s value. This surge has prompted significant activity among large investors, known as “whales.” In a notable move, a major whale has purchased 1,062 BTC, amounting to approximately $63.96 million, with an average buy price of $60,225.98 per Bitcoin. Major Whale Investment … Read more
Gold prices have reached a new all-time high, surpassing previous records as investors seek safe-haven assets amid global economic uncertainties. The precious metal has been on a steady upward trajectory, driven by factors such as geopolitical tensions, inflation concerns, and central bank policies. Meanwhile, Bitcoin has been unable to reclaim its previous all-time high, struggling … Read more
Bitcoin (BTC) has been navigating through significant volatility in recent months. After peaking at a local high of $70,016 in July, Bitcoin has struggled to maintain upward momentum. Over the past month, the cryptocurrency has experienced a 4.63% decline. Despite a recent attempt to reverse the trend with a 4.16% weekly increase, BTC has been … Read more
In June 2021, President Nayib Bukele’s announcement that El Salvador would adopt Bitcoin as legal tender sent shockwaves through the global financial world. The official implementation of the law on September 7, 2021, marked an unprecedented experiment in digital currency. Despite initial enthusiasm from the crypto community, the rollout faced significant challenges and skepticism. A … Read more
Bitcoin has recently experienced a 2.28% rise, climbing from a local low of $55,629 to $58,401. This upward movement follows a significant decline to $52,732, sparking speculation about whether Bitcoin will embark on a sustained rally or face another downturn. Analysts are closely monitoring several indicators to determine the potential direction of Bitcoin’s price. Coinbase … Read more
Marathon Digital Holdings (MARA), a prominent entity in the Bitcoin mining sector, has made significant strides in expanding its Bitcoin portfolio. The company recently revealed that it has acquired over 5,000 Bitcoin (BTC) in the past month, raising its total holdings to 26,200 BTC, valued at approximately $1.5 billion. This surge in Bitcoin reserves follows … Read more
As the 2024 United States general election draws nearer, the role of cryptocurrency, particularly Bitcoin, is gaining increased attention. Despite the crypto topic not making a significant appearance in the recent debate between Donald Trump and Kamala Harris, the intersection of Bitcoin and national debt is becoming a point of discussion. Notably, institutional investors are … Read more
On September 12th, the performance of US spot Bitcoin and Ethereum ETFs presented a stark contrast, highlighting the divergent trends in the cryptocurrency market. Bitcoin ETFs saw a notable positive shift, while Ethereum ETFs experienced continued outflows, underscoring the varied investor sentiment towards these leading digital assets. Bitcoin ETFs: A Glimmer of Recovery Bitcoin spot … Read more