Bitcoin had a relatively strong week, which helped it end the second quarter with almost 30% gains and trading around $109,000 by July 4th – pretty close to its all-time highs. The price briefly dipped to around $105K midweek following the Senate’s approval of Donald Trump’s massive budget legislation but it was quick to rebound. […]
Bitcoin’s price is starting to heat up again, pushing towards the important $110,000 level and recording an increase of around 1.6% in the past 24 hours. This comes amid an even more impressive rally from certain meme coins such as Fartcoin and Bonk. The total crypto market capitalization added around $50 billion during the day
The premise is driven by Treasury Secretary Scott Bessent’s agenda to engineer a liquidity injection that resembles past Federal Reserve interventions, said Hayes in a lengthy blog post on July 3. However, this will be done via financial innovation and regulatory tweaks, not overt money printing, he added. Bessent is “done getting fluffed,” and it’s
Bitcoin and JPMorgan Will Soar on the Back of Big Bank Stablecoins: Hayes Read More »
Corporate treasuries have surpassed ETFs for Bitcoin purchases for a third consecutive quarter. Around 131,000 BTC was accumulated by public companies in the second quarter, growing their Bitcoin balance by 18%. Meanwhile, ETFs accumulated 111,000 BTC with an 8% increase over the same period, according to Bitcoin Treasuries. More companies are “trying to benefit from
Bitcoin may be struggling to rally past its all-time high of $112,000, but miners are going through a tougher time. They have recently recorded some of their worst paydays in history. On-chain data, including the Miner Profit/Loss Sustainability metric, analyzed by the market intelligence platform CryptoQuant, revealed that miner revenues have declined significantly. However, this
Bitcoin Miners HODL Through Worst Payout in a Year: CryptoQuant Read More »
This week, the cryptocurrency space recorded a major win in the stablecoin sector despite geopolitical headwinds keeping markets in a risk-off stance. However, bitcoin (BTC) continued to consolidate until Friday before it plummeted due to tensions between Israel and Iran. A weekly report by the world’s largest crypto exchange, Binance, revealed that global markets have
Bitcoin Price Warnings Emerge, Stablecoins Score Regulatory Win: Binance Weekly Report Read More »
Bitcoin continues to hover in a consolidation range after failing to break above the $110K resistance. The broader market remains uncertain, with spot and derivatives data suggesting mixed sentiment. As the weekly close approaches, the price action is squeezed between dynamic supports and a persistent supply zone. This phase could precede a significant breakout or
Bitcoin Price Analysis: BTC Breakout Looms – Is $100K or $110K Next? Read More »
An average of 566 BTC per day is falling into this long-term “ancient supply” bucket, compared to the current daily issuance rate of 450 BTC, reported Fidelity Digital Assets on June 18. This trend marks the first time in Bitcoin’s history that long-term held coins are growing faster than new supply, potentially reinforcing the asset’s
Not Enough Bitcoin: What Does The Skyrocketing Ancient BTC Supply Tell Us? Read More »
Hong Kong-based DDC Enterprise has announced it has entered into three securities purchase agreements that could generate up to $528 million in gross proceeds, excluding placement agent fees and offering expenses. The capital raise features participation from institutional investors, including Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, and a network of prominent Bitcoin investors.
Bitcoin (BTC) Fever Spreads: DDC and Others Join the Corporate BTC Craze Read More »
Bitcoin’s price actions took another turn for the worse in the past several hours as the adverse developments on the Middle East front continue to unfold with more attacks and threats. The latest statements from the POTUS indicated that the US has “complete and total control of the skies over Iran,” and he also demanded
Bitcoin Price Slips Below $104K as Trump Makes Critical Remarks on Iran-Israel Conflict Read More »
