10.3k wallets increased to 10+ BTC starting February 2022
Bitcoin addresses holding 10 or more BTC grew 71% in just over a year. According to on-chain data, 10,279 new BTC wallets joined the cohort holding 10+ bitcoin between February 2022 and March 2023. Wallets with 10-100 bitcoin cumulatively hold over 4.4 million BTC, or roughly 23% of supply. While cryptocurrency prices fell sharply as […]
Galaxy Digital CEO says BTC and ETH are best investments
Mike Novogratz is bullish on crypto, particularly the top two coins Bitcoin and Ethereum. The Galaxy Digital CEO says BTC and ETH been best risk-adjusted investments over the last few years. He also suggested during the company’s earnings call that the US risks losing its place as finanial and innovation leader. Galaxy Digital CEO Mike […]
MicroStrategy repays Silvergate Bank loan, buy 6,455 BTC
MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount. The company also bought 6,455 bitcoins worth $150 million. Saylor’s company currently holds more than 138,900 bitcoins. MicroStrategy, the world’s largest corporate holder of Bitcoin, has revealed it recently purchased more BTC. The business intelligence company, founded by […]
BTC invalidates double top formation
Bitcoin price rose to around $22,600 on Sunday after rallying 11% from below $20,000. Technical analyst Rekt Capital says Bitcoin has cancelled a double top formation. A successful retest of $21,700 zone could see BTC continue short term upside recovery. Bitcoin has retested the $22,600 level after dropping sharply to trade under $20,000 last week. […]
Bitcoin continues “boring action” as BTC hovers above $22k
Bitcoin on-chain exchange flows were $4 billion in and $4 billion out last week, Glassnode data shows. Crypto analyst Michael van de Poppe highlights BTC’s “boring price action” as bulls struggle above $22,000. BTC price saw downward action last week following a series of negative market related news. The global cryptocurrency market cap remains above […]
Bitcoin price prediction: BTC outlook after Silvergate and Tether news
Bitcoin price outlook after this week’s Silvergate and Tether news. BTC is hovering around $22,400 with key resistance near $23k amid a potential technical breakout to YTD highs. The $20k zone is a critical and psychological level for bulls. Bitcoin price remains constrained below $22,500 after posting a sharp decline on Friday following a combination […]
After 8 years, Mt. Gox creditors may start receiving their BTC this month
Mt.Gox Bitcoin exploit took place in 2014. The exploit remains the largest Bitcoin exploit in the history of cryptocurrencies. Mt.Gox creators may however start receiving their bitcoins this month. Mt.Gox creditors may have a reason to smile after the exchange’s January statement hinted that the creditors could start receiving their Bitcoin (BTC) this month. It […]
BTC touches $25k as crypto rallies
Bitcoin reached highs of $25,230 across major exchanges, its highest price level in over six months. BTC price moved above its 200-week moving average’ Analysts say bulls could target fresh gains as a bullish signal flashes. Bitcoin broke above $25,000 as the momentum that pushed the flagship cryptocurrency higher on Wednesday continued into Thursday. At […]
MicroStrategy BTC paper loss hits $1.3B but no plans to stop trading bitcoin
MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.3 billion in 2022, MicroStrategy’s chief financial officer, Andrew Kang, said that the company will continue trading bitcoin. […]
30+ million Bitcoin addresses are in profit after BTC spike
Bitcoin addresses in profit is at a 9-month high of 30+ million. More unique addresses in profit were last above 30 million in early April 2022. Non-zero addresses also hit a 1-month high while addresses with 0.01+ BTC is at an all-time high. The number of Bitcoin addresses that are currently in profit has reached […]