Japanese Bitcoin treasury firm Metaplanet has surpassed mining company Cleanspark in becoming the fifth-largest corporate holder of Bitcoin after buying another 1,005 BTC for $108 million. The firm now holds 13,350 BTC acquired for around $1.31 billion at around $97,832 per Bitcoin. At current market prices, the treasury is worth $1.45 billion. Bitcoin mining company…
Read more
Long-term holder selling pressure has stunted the growth of Bitcoin’s price, despite recent moves from institutions and corporations to buy the asset, according to an analyst. “People are wondering why Bitcoin has been stuck at $100K so long, despite the institutional FOMO,” said Capriole Investments founder Charles Edwards on Sunday. He added that this is…
Read more
Younger generations disillusioned by the current financial system and calling for a socialist system financed through increased public spending will force the price of Bitcoin (BTC) higher in the long term, according to market analyst Jordi Visser. In a Sunday episode of entrepreneur Anthony Pompliano’s podcast, Visser said younger generations, those 25 and lower, are…
Read more
Key points: Bitcoin aims for its highest weekly close above $109,000, but higher levels are likely to attract sellers. HYPE, BCH, LINK, and SEI could extend their rallies if Bitcoin price stays above $105,000. Bitcoin (BTC) made a solid comeback this week, rising more than 6%, indicating strong buying near the $100,000 level. The bulls…
Read more
Strategy co-founder Michael Saylor signaled the company’s 11th consecutive week of Bitcoin (BTC) purchases, a streak that began on April 14. “In 21 years, you’ll wish you’d bought more,” Saylor wrote to his 4.4 million followers on X. The Strategy co-founder has gained roughly 1 million followers on the social media platform over the last…
Read more
Key points: Bitcoin sees some weekend volatility as Hyperliquid’s notorious James Wynn flip-flops between short and long BTC. Short timeframes show bulls staying “in control” of BTC price action. The weekly and monthly candle closes have a chance to become Bitcoin’s highest ever. Bitcoin (BTC) passed $108,500 into the June 29 weekly close as familiar…
Read more
Some crypto startups are raising concerns over Kenya’s proposed virtual asset service providers (VASP) Bill, warning it could hand outsized influence to a Binance-linked lobby group, potentially undermining fair competition in the country’s digital asset industry. According to disclosures seen by The Kenyan Wall Street, a private think tank called the Virtual Asset Chamber of…
Read more
More than a quarter of South Koreans in their 20s to 50s now own digital assets, with their crypto investments making up 14% of their total financial portfolios, according to a new report from the Hana Institute of Finance released Sunday. The study, titled 2050 Generation’s Virtual Asset Investment Trends, shows that interest in crypto…
Read more
A Human Rights Foundation executive told a room full of US politicians that Bitcoin continues to prove itself as a powerful tool against authoritarian control, offering an alternative to the mounting ways fiat currency can be manipulated and controlled. “With Bitcoin, the ability of these leaders to do these things is completely decimated,” Human Rights…
Read more
ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities and Exchange Commission (SEC). “Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all…
Read more