Michael Saylor’s digital asset treasury firm, Strategy, has just hit a new all-time high in crypto value, now worth more than several leading banks and equivalent to the gross domestic product of some nations. “Our journey began with $0.25 billion in Bitcoin — and an immediate $0.04 billion unrealized loss,” said Saylor on Thursday, noting…
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Crypto markets have surged over the past day, culminating in a seven-week high for Bitcoin as the historically bullish month of October begins. Bitcoin (BTC) prices have skyrocketed 4% over the past 24 hours, with the world’s leading digital asset hitting $119,450 on Coinbase in early trading on Thursday, according to TradingView. This is the…
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Messaging app Telegram founder and CEO Pavel Durov says he invested in Bitcoin when the cryptocurrency was in its infancy and has since used his holdings to fund his lifestyle. “I was a big believer in Bitcoin since more or less the start of it. I got to buy my first few thousand Bitcoin in…
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Bitcoin Core developers have released the second test version of their controversial Bitcoin Core v30 update, set to usher in a new wallet format and non-monetary data inclusion sometime in October. A new release candidate of Bitcoin Core (v30.0rc2) is available for testing, the Bitcoin Core Project stated on Sunday, labelling it as a “new…
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New York’s crypto hub ambitions could be set for uncertainty after New York City Mayor Eric Adams dropped out of his reelection bid on Sunday. In a video on X on Sunday, Adams cited financial struggles stemming from his dismissed federal bribery case and the withholding of public funds. “Despite all that we have achieved,…
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Bitcoin could be headed for a deeper correction as cumulative realized long-term holder profit taking has now reached levels seen in previous market cycle tops, according to onchain analysis Long-term holders realized 3.4 million Bitcoin (BTC) in profit, and exchange-traded fund inflows have slowed, according to Glassnode, a sign of “exhaustion” after the Federal Reserve…
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A key technical indicator for Bitcoin has squeezed to its tightest ever level amid low volatility, which analysts say usually precedes a large breakout and volatility spike. “Bitcoin’s weekly Bollinger Bands are now the tightest in history,” the popular crypto analyst “Mr. Anderson” wrote on X on Tuesday, referring to the technical indicator that shows…
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The passing of two key crypto bills in the US will usher in a new wave of crypto participation that could upend the traditional four-year market cycle, says Galaxy Digital CEO Mike Novogratz. Novogratz told Bloomberg on Tuesday that the stablecoin-regulating GENIUS Act, signed into law in July, and the CLARITY Act, which outlines regulatory…
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Ethereum co-founder Vitalik Buterin has praised Ethereum layer-2 Base’s approach to decentralization in response to recent concerns over Base’s sequencer and whether it should be treated as an exchange. “Base is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being…
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Overleveraged crypto traders were liquidated out of nearly $2 billion in one of the year’s largest market flush-outs on Monday, in what some analysts blame on technical factors rather than weakening market fundamentals. More than 370,000 traders have been liquidated to the tune of $1.8 billion over the past 24 hours, according to data from…
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