According to Michael van de Poppe’s Friday X post, the breakout will be heavier if it lasts longer. ETF expert James Seyffart predicts that spot Bitcoin ETFs might eventually have more assets under management (AUM) than gold ETFs. A prominent crypto analyst has speculated that the extended consolidation of Bitcoin below $70,000 may be setting the stage
According to Circle, the asset’s primary goal is to provide institutions with a neutral, highly secure alternative to wrapped Bitcoin. The most popular wrapped Bitcoin token, wBTC, is offered by BitGo and has 119,157 tokens in circulation. Its market cap is at $8 billion. Circle, a stablecoin issuer, has announced its intention to offer a wrapped Bitcoin,
With a 6% gain, Bitcoin is trading at the $71.3K mark. The market has seen $201.34M in BTC liquidations. 5% gain has been recorded in the last few hours within the crypto market. It has pushed the majority of the digital assets into bullish territory. The largest and dominant token, Bitcoin (BTC), has followed suit,
Bitcoin slips over 4%, trading near $67.8K. $119.12M in BTC liquidations hit the market. The dominant asset, Bitcoin (BTC), is floating over the bear market. It has been trading below $75K over the last few weeks, facing back-to-back rejections amid the recovery attempts. The BTC price has plunged by 4.29% in the last 24 hours.
Metaplanet transferred 4,986 BTC ($368M) from dormant wallets, marking its first major activity in three months. The company aims to acquire 210,000 BTC, currently holding 35,102 BTC, while raising up to $531M through shares and warrants. Japan-based Tokyo-listed Bitcoin treasury company Metaplanet Inc. transferred 4,986 Bitcoin (BTC), valued at about $368 million, from its cold
Bitcoin came below renewed selling pressure after Federal Reserve Chairman Jerome Powell signaled a cautious stance on future price cuts, triggering a broader market pullback. The important cryptocurrency dropped more than 5% in 24 hours, taking from weekly highs above $74,000 as macroeconomic troubles weighed on investor sentiment. Fed Signals Drive Market Weakness The decline
Bitcoin is currently trading near $70.3K. $249M in BTC liquidations hit the market. Bitcoin is currently trading in a key consolidation zone, referred to as a no-trade zone, between $65,636 and $70,685. This range has seen heavy activity, with over 1.72 million BTC exchanged. It makes it a strong area of both support and resistance.