Key takeaways: A Bitcoin price pullback to $115,000 is possible before continuing the uptrend. A bull pennant suggests that the BTC price could rally by 15% to new highs above $136,000. Bitcoin (BTC) price has spent most of the week pinned below $120,000, which many analysts have labelled as a key resistance zone. However, a…
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The 1 BTC club: Why you’re rarer than you think If you own at least 1 Bitcoin, get ready for your ego to be tickled. According to blockchain data, around 827,000-900,000 addresses currently hold at least 1 Bitcoin (BTC). But many of these wallets are controlled by exchanges, institutions or individuals who split holdings across multiple…
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Western Union is exploring ways to integrate stablecoins into its services as the firm seeks to modernize cross-border payments. During a Monday interview with Bloomberg, Western Union CEO Devin McGranahan said that the company views stablecoins as an opportunity. He also said it is exploring partnerships with major crypto industry players to offer stablecoin on-ramp…
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Key points: Bitcoin market momentum slows after its all-time highs, but investors are not wasting time adjusting to rangebound conditions. Profitability has “cooled,” says Glassnode, but fresh gains are still possible. Traders are eyeing a liquidity build-up at $115,000 for a BTC price dip. Bitcoin (BTC) is in a “healthy yet fragile balance” as BTC…
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Bitget Wallet, a self-custodial wallet operated by major cryptocurrency exchange Bitget, has introduced its first fiat withdrawal option with the crypto payment platform MoonPay. Bitget Wallet has partnered with MoonPay to launch a crypto off-ramp allowing users to convert stablecoins directly in 25 fiat currencies, the companies announced on Tuesday. “Before the launch of this…
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Singapore-based AI edtech firm Genius Group doubled its Bitcoin holdings to 200 BTC in July while expanding its crypto initiatives under the newly passed GENIUS Act. Source link
JPMorgan Chase is reportedly looking into crypto-backed loans, signaling a potential shift in how US banks regard crypto assets. The Financial Times reported on Tuesday, citing unidentified sources, that JPMorgan may start lending directly against crypto assets like Bitcoin (BTC) and Ether (ETH). The FT reported this may happen by 2026, though the plans are…
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Strategy, the world’s largest corporate Bitcoin holder, is launching a new kind of stock offering, aiming to raise more funds to invest in the world’s first cryptocurrency. Michael Saylor’s Strategy announced plans to conduct an initial public offering of 5 million shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). Strategy will…
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Spot Bitcoin exchange-traded funds (ETFs) registered a net outflow of $131.35 million on Monday, marking the end of a 12-day streak that attracted $6.6 billion of inflows. The largest outflow was from ARK Invest’s ARKB, which shed $77.46 million in a single day. Grayscale’s GBTC followed with $36.75 million in outflows, while Fidelity’s FBTC lost…
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China-based pork processing company and Bitcoin miner Bit Origin has officially kicked off its crypto treasury initiative with its first acquisition of 40.5 million Dogecoin. In a statement on Monday, the company said the Dogecoin (DOGE) buy was the “first strategic acquisition” under its digital asset treasury initiative, supported by a share sale and debt…
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