Bitcoin’s price recently experienced a significant drop, falling from a high of over $73,600 to a low of under $60,800, resulting in a -17% loss in value. Alex Krüger, a well-respected figure in both macroeconomics and the crypto space, identified several key factors contributing to this crash. According to Krüger, excessive leverage in the market,
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The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund with assets amounting to $1.5 trillion, has made a significant announcement regarding its plans to explore diversification opportunities that involve Bitcoin. This initiative is part of a broader strategy that includes traditional investments such as gold, as well as unconventional
The recent events in the cryptocurrency market have shaken investors as Bitcoin prices have taken a sharp nosedive. After a period of significant gains and record highs, Bitcoin has dropped to a weekly low of $65,000. This sudden downturn has left many investors reeling, with the current price sitting at $65,710. The 24-hour and weekly
The recent crash in the price of Bitcoin has been attributed to a significant decrease in net inflows into Bitcoin Exchange Traded Funds (ETFs). Spot Bitcoin ETFs, which were seeing a steady stream of inflows, suddenly experienced a sharp decline in net inflows over the last few days. This decrease in buying activity by institutions
MicroStrategy, the American business intelligence and software development company, has announced its intention to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes shortly after the company sold approximately $800 million in convertible debt offerings to purchase 12,000 BTC, valued at $821.7 million at the time. It is evident
There has been a lot of speculation surrounding the potential for Bitcoin to reach $1 million in the near future. Samson Mow, the CEO of Jan3 and a prominent Bitcoiner, recently reiterated his belief in this ambitious price target. Mow pointed out several key factors that could support this bullish prediction. One of the main
The recent surge in the price of Bitcoin has led to a scenario where the vast majority of BTC holders are currently in a profitable position. However, large whales, defined as those holding at least 1,000 BTC in their wallet, have taken this opportunity to sell off some of their coins. This move has been
Bitcoin (BTC) made headlines this week as it surged past the $73,000 mark, reaching uncharted territory. This impressive rally was driven by a combination of bullish indicators and a shift in investor sentiments. Two major financial giants, BlackRock and MicroStrategy, played a significant role in this week’s narrative. BlackRock, a powerhouse in asset management, made
Despite experiencing a 5% decrease in value over the past week, Cardano (ADA) remains resilient and optimistic. Priced at $0.75, ADA continues to demonstrate strength with a 24-hour trading volume of $1.14 billion and a market capitalization of $24 billion. Renowned crypto analyst Sssebi is charting an optimistic course for ADA, particularly emphasizing the significance
Bitcoin, the leading cryptocurrency asset in the world, has reached a new milestone by surpassing its previous all-time high (ATH) of $69,000. This accomplishment comes nearly three years after its initial peak. The latest surge in price has sparked excitement among crypto enthusiasts and experts, who are now speculating on the digital asset’s potential for
