Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, does not try to influence the price of Bitcoin when it executes its buys, according to the executive who oversees the company’s massive BTC treasury. “The way we buy Bitcoin is we do not move the price of the Bitcoin,” Strategy’s corporate treasurer and head of…
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Bitcoin’s recent price action may still be tracking its historic four-year halving cycle, despite some market predictions that increasing institutional interest will break the pattern, according to onchain analytics firm Glassnode. “From a cyclical perspective, Bitcoin’s price action also echoes prior patterns,” Glassnode said in a markets report on Wednesday. Bitcoin shows signs of cool…
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While Coinbase CEO Brian Armstrong has become the latest crypto executive to predict Bitcoin to reach $1 million by 2030, one crypto analyst warns investors should not get ahead of themselves after Bitcoin fell to $112,676 this week, retreating 9% from its all-time high. The US is a “bellwether for the rest of the G20”…
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Global search interest in altcoins plunged significantly this week as Bitcoin and altcoins continued to retrace over the past six days, according to new data. Worldwide searches for the term “alt season” fell to a score of 45 on Tuesday, down from a peak of 100 just a week earlier on Aug. 13, a day…
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Michael Saylor’s Strategy (MSTR) has dropped to its lowest level in nearly four months amid a broader decline in crypto treasury firms, a Bitcoin dip, and after Saylor indicated the company would lower restrictions on issuing more shares. The stock price has fallen 8% since Monday, and the plunge also comes alongside an 8.6% decline…
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Bitcoin investors have yet to factor in a potentially more dovish Federal Reserve, which will depend on who US President Donald Trump nominates to replace Chair Jerome Powell, economist Alex Krüger said. Bitcoin (BTC) traders see the Fed’s first potential rate cut this year, expected in September, as creating a more bullish environment for Bitcoin.…
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Bitcoin could be set for more sideways movement in the near term as an overvaluation metric is currently flashing red, signaling a higher likelihood of profit-taking among Bitcoin holders. Bitcoin’s (BTC) Market Value to Realized Value (MVRV) ratio, an indicator that measures whether the asset is overvalued or not, currently stands at +21%, indicating that…
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Bitcoin may have no more than 27% upside left in this cycle before entering a downtrend, according to Canary Capital CEO Steven McClurg. “I think there is a greater than 50% chance Bitcoin goes to the 140 to 150 range this year before we see another bear market next year,” McClurg said during a CNBC…
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Galaxy Digital CEO Mike Novogratz says a million-dollar Bitcoin next year wouldn’t be a victory but rather a sign that the US economy is in serious trouble. “People who cheer for the million-dollar Bitcoin price next year, I was like, Guys, it only gets there if we’re in such a shitty place domestically,” Novogratz told…
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Spot Ether exchange-traded funds (ETFs) closed the week with outflows after a nearly two-week streak of significant inflows. On Friday, US-spot Ether (ETH) ETFs saw $59.3 million in outflows, bringing an end to their eight-day inflow streak that added approximately $3.7 billion to the products, according to Farside data. Ether ETFs are an important signal…
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