In the latest market analysis by technical analyst Willy Woo, it was noted that Bitcoin inventory on exchanges has been experiencing a bearish trend until the start of August. This was primarily due to a significant influx of around 100,000 BTC from the German and US governments selling, as well as Mt. Gox distributions. Woo
Crypto
The recent choppy consolidation in bitcoin’s price action has left many market players anxious. Despite this, there is evidence to suggest that certain holders of the world’s largest crypto asset are ramping up their holdings. Specifically, bitcoin whales, particularly those holding between 100 and 1,000 BTC, have been increasing their positions significantly. According to Santiment’s
Tokyo’s Metaplanet investment firm made headlines recently with its announcement of acquiring an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million. This move comes amidst the current market lull, showcasing Metaplanet’s long-term growth strategy. The decision to purchase more Bitcoin is part of a larger plan that was initially revealed on
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a decrease in daily trading volume to $779.87 million on Monday. This decline marks the third lowest traded volume, following the records set on February 5th and 6th. While there was an inflow of $61.98 million into spot Bitcoin ETFs, it is important to note
Recently, a troubling incident has made waves within the Solana community on Reddit. A new browser extension, cleverly named the “Bull Checker,” has been wreaking havoc among Solana users by posing as a harmless meme coin tracker. This insidious extension has managed to evade detection systems and siphon funds from unsuspecting victims, raising concerns about
The cryptocurrency market witnessed a surge in meme coins, particularly cat-themed meme coins, leading to a rally that pushed the sector’s market capitalization above $40 billion. This surge comes after a prolonged period of underperformance in the meme coin sector, with many assets charting impressive gains. Popcat (POPCAT), Mog Coin (MOG), and Cat in a
The recently published Democratic National Committee 2024 Party Platform failed to include any mention of Bitcoin, cryptocurrency, or blockchain technology. This omission stands in stark contrast to the Republican Party’s platform, which explicitly promised to end the anti-crypto crackdown initiated by President Biden and the Democratic Party. The ninety-two-page document focused on key issues that
Hut 8 Corp. recently reported a net loss of $71.9 million in the second quarter of 2024, despite a significant 72% increase in revenue to $35.2 million compared to the same period last year. The company attributed this loss to a $71.8 million loss resulting from the fair value adjustment of its digital assets, driven
Norway, a country in northern Europe with a population of nearly 5.5 million, has made significant investments in Bitcoin stocks totaling around $1.7 trillion. This year, the government has increased its holdings of Bitcoin, now indirectly owning 2,446 BTC through its investments in crypto stocks. This move showcases a bullish stance on Bitcoin and highlights
TeraWulf’s second-quarter earnings report revealed a 21% decrease in the amount of BTC mined compared to the same period last year. This decline in production is concerning as it indicates a possible inefficiency or issue within the company’s mining operations. With the volatile nature of cryptocurrency mining, any decrease in production can have significant financial
