German authorities may have missed around 45,000 Bitcoin tied to the movie piracy site Movie2K, meaning there could be another $5 billion worth of Bitcoin that could eventually be seized and sold. Crypto intelligence platform Arkham said on Friday that it found more than 45,000 Bitcoin (BTC) that “still remains in wallets belonging to Movie2K,”…
Read more
Japanese investment company Metaplanet and crypto-friendly country El Salvador bought more Bitcoin on Monday as the Bitcoin Fear & Greed Index returned to “neutral” after several days in “fear.” Metaplanet said in a fresh disclosure on Monday that it had purchased an additional 136 Bitcoin (BTC), increasing its total stash to 20,136, worth over $2.2…
Read more
A Bitcoin Ordinals developer has threatened to fund the development of an open-source fork of Bitcoin Core if developers attempt to censor Ordinals, Runes and other non-financial transactions on the network. The open letter on X from Leonidas, host of The Ordinal Show, on Saturday comes amid a war between members of the Bitcoin community…
Read more
Bitcoin whales have sold a whopping $12.7 billion in Bitcoin over the past month, and continued sales could further pressure its price for the next few weeks, according to analysts. “The trend of reducing exposure by major Bitcoin network players continues to intensify, reaching the largest coin distribution this year,” observed CryptoQuant analyst ‘caueconomy’ on…
Read more
The premiums of digital asset treasury (DAT) firms are falling and it’s likely to worsen in the near future unless they take action, says New York Digital Investment Group (NYDIG). NYDIG global head of research Greg Cipolaro said on Friday that the gap between stock price and net asset values (NAV) of major Bitcoin (BTC)…
Read more
El Salvador’s Bitcoin Office is celebrating “Bitcoin Day,” the anniversary of the Bitcoin (BTC) legal tender law taking effect in September 2021. The Bitcoin Office highlighted the country’s Bitcoin strategic reserve, which now holds 6,313 BTC, valued at over $702 million, and the new banking law, which allows BTC investment banks to serve sophisticated investors,…
Read more
Tether CEO Paolo Ardoino has denied recent rumors that the stablecoin issuer is offloading its Bitcoin holdings to buy gold. In a Sunday post on X, Ardoino said the company “didn’t sell any Bitcoin,” and reaffirmed its strategy of allocating profits into assets like “Bitcoin, gold, and land.” The comments came in response to speculation…
Read more
Key points: Bitcoin sees a modest rebound into the weekly candle close, but traders see key resistance overhead. BTC price action risks a much deeper drop if bulls fail to reclaim that resistance zone. Fibonacci analysis hints that such a drop may not pass more than 10%. Bitcoin (BTC) returned above $111,000 into Sunday’s weekly…
Read more
Crypto market sentiment has slipped into Fear, with signs showing that investors are temporarily stepping back from moving further down the risk curve, according to sentiment sources. “It’s clear traders are less interested in obscure altcoins and are instead debating which major asset will break out next,” sentiment platform Santiment said in a report on…
Read more
Strategy co-founder and executive chairman Michael Saylor has seen his net worth soar by $1 billion since the start of the year, coinciding with his debut on the Bloomberg Billionaire 500 Index. Saylor ranks 491st on the Bloomberg Billionaire Index with an estimated net worth of $7.37 billion, up 15.80% since Jan. 1. Over the…
Read more