Tag: Million

Bitcoin price rose despite $25 million in product outflows

Bitcoin products saw $25 million in outflows last week, according to asset manager CoinShares. There was $3.7 million in short Bitcoin as investor sentiment flipped negative on recent regulatory concerns. But crypto prices still recorded huge moves, with BTC hitting a six-month high above $25,000. Bitcoin price hit its highest price level in six months […]

Tesla saw a net loss of $140 million on its Bitcoin in 2022

Tesla recorded gains of $64 million and impairment loss of $204 million. The company has revealed it sold 75% of its Bitcoin holdings, and held BTC worth about $184 million as of 31 December 2022. The electric vehicle maker bought Bitcoin worth $1.5 billion in 2021. Tesla has revealed that the company sold most of […]

Inflows into Bitcoin products surged by $116 million last week

Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022. Bitcoin saw almost all of last week’s digital asset investment products inflows, with $116 million of the total. Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November. Bitcoin saw the most […]

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 […]

Nearly 13 million bitcoins have not moved in over a year, an all-time high

Key Takeaways An all-time high of 12.7 million bitcoins have not moved in over a year That translates to two-thirds of the circulating supply Only 7% of bitcoins have moved in the last month History shows that long-term holders tend to rise as price falls, which may seem counter-intuitive The real story is a little […]