Centralized Bitcoin reserves account for 31% of the BTC supply.
Survey Reveals Centralized Holding of Bitcoin Supply A recent study conducted by Gemini and Glassnode indicates that nearly one-third of the Bitcoin supply is under the control of centralized entities, with early adopters holding a notably uneven portion. The centralized Treasury—comprising government bodies, exchange-traded funds, and publicly traded companies—currently manages 30.9% of the circulating supply […]
Analyst says Peter Brandt’s prediction of a 75% Bitcoin drop is ‘very unlikely’
Crypto analysts are expressing doubt regarding veteran trader Peter Brandt’s recent predictions about Bitcoin’s performance on platform X. There’s a belief that Bitcoin might repeat its 2022 pattern and potentially decrease by 75%. Pav Hundal, lead analyst at Swyftx, shared his thoughts with Cointelegraph, stating, “Never say it. I feel very unlikely at this point.” […]
NYC Bitcoin Kidnapping Suspects Plead Not Guilty, Assert Accuser Was ‘Laughing and Smiling’
Simply put Two men claimed their code was taken and they were tortured, appearing in New York and pleading not guilty on Wednesday. Their lawyers assert that the accuser was seen moving freely on the day he was allegedly captured. This case is part of a growing trend of “wrench attacks” involving cryptocurrency this year. […]
Nobody will part with their Bitcoin when it reaches $130K, according to Bitwise CEO.
Bitcoin Sales Pressure May Drop at $130,000, Says Bitwise CEO Hunter Horsley, CEO of Bitwise, suggests that the pressure to sell Bitcoin might ease once it surpasses the $130,000 mark. “If Bitcoin pushes past $130,000 to $150,000, I doubt many will part with their holdings,” he shared on X. Mike Novogratz, the founder of Galaxy […]
Bitcoin price readies for fluctuations as available stock disappears.
Key takeaways: Data from Bitcoin’s blockchain indicates a consistent reduction in exchange and OTC balances, suggesting that accumulation and supply reduction are taking place. With Bitcoin’s prices hitting record levels and open interest near liquidity, the market is tightly woven, raising the likelihood of sudden price changes. Bitcoin (BTC) has been on a steady upward […]
Bitcoin price surge to $115K possible as US economic data surpasses expectations
Key Insights on Bitcoin Market Sentiment Investor sentiment for Bitcoin reaches a seven-month high, with forecasts suggesting a potential rally to $115,000. Recent CPI figures and lower-than-expected PPI data could contribute to rising BTC prices. Bitcoin (BTC) briefly surpassed $110,000 on Wednesday, following the release of US Consumer Price Index (CPI) data that was cooler […]
Bitcoin supporter TFTC introduces a browser extension for live BTC prices.
A media company named Commoner (TFTC), which promotes Bitcoin and Sound Money through newsletters and podcasts, introduced its “opportunity cost” browser extension on Wednesday. This tool enables users to see online prices in Bitcoin (BTC) or SAT. Marty Bent, the founder and contributor of TFTC, highlighted three main goals for expansion. He mentioned his openness […]
Bitcoin Surpassing $107,000 Sparks Optimism, Key Factors Will Accelerate Its Growth
Bitcoin Breaks $107,000 Amid Strong Bullish Sentiment After testing the resistance zone at $106,000, Bitcoin has finally surged past $107,000, affirming the robust bullish trend that has been developing since early June. This recent breakout even allowed Bitcoin to touch $110,000 briefly within the past 24 hours, following several unsuccessful attempts to surpass this critical […]
Stripe Purchases Startup Privy to Enhance Bitcoin Approach
Stripe Acquires Bitcoin Wallet Provider Privy Stripe Inc. has announced its acquisition of Privy, a provider of Bitcoin and crypto wallet infrastructure. This marks Stripe’s second significant acquisition focusing on digital assets this year, following its $1.1 billion purchase of Stablecoin firm Bridge. Privy specializes in enabling companies to integrate Bitcoin and crypto wallets into […]
Bitcoin approaches record high as Trump announces US-China trade agreement is finalized
Bitcoin Hits New High Amid US-China Trade Deal Hopes Bitcoin seems to be settling at a new peak, buoyed by growing optimism about a potential trade agreement between the US and China. As of Wednesday, reports indicate that the world’s largest economies are close to finalizing a trade deal, according to a post from former […]