Bitcoin

The post Senator Cynthia Lummis’s Bitcoin Bombshell: Could Crypto Replace Gold in the US Treasury? What To Expect? appeared first on Coinpedia Fintech News In a recent video analysis, Aaron Arnold of Altcoin Daily highlights how the Bitcoin under the Bitcoin Strategic Reserve bill, led by Senator Cynthia Lummis could become a crucial asset for the US Treasury, boosting the economy and global standing.  The next few months could be crucial—Read on why Lummis’ bold initiative matters! Bitcoin as a…

Regulated spot Bitcoin ETFs (exchange-traded funds) in the United States have seen a resurgence in inflows following significant selling pressure over the past two months that sent the largest cryptocurrency on the market to a 6-month low of $53,500 on July 5. Bitcoin ETFs And Institutions Now Control 9% Of Total Supply Data from analytics providers SoSo Value and Ecoinmetrics show that Bitcoin ETFs have been consistently accumulating BTC in their holdings, despite a brief dip in inflows at the…

The post MicroStrategy’s Q2 Report: Huge Bitcoin Gains and Rising Financial Losses appeared first on Coinpedia Fintech News MicroStrategy Incorporated has just released its Q2 2024 performance report. The  reports show that the company has significantly increased its Bitcoin holdings. However, it is facing substantial financial losses. Let’s dive into the latest updates. Huge Bitcoin Accumulation In Q2 2024, MicroStrategy acquired a total of 12,222 bitcoins for $805.2 million. This increased its total holdings to 226,500 BTC. The average cost…

The post MicroStrategy adds 169 Bitcoin worth $11.4M in July 2024: Report appeared first on Coinpedia Fintech News On August 2, 2024, Michael Saylor the founder and chairman of MicroStrategy announced that they have added a 169 Bitcoin (BTC) worth $11.4 million in July 2024. With this decent acquisition, MicroStrategy now holds a massive 226,500 BTC worth $8.3 billion. In July, @MicroStrategy acquired an additional 169 BTC for $11.4 million and now holds 226,500 BTC. Please join us at 5pm…

Amid the continuous blend of bulls and bears from Bitcoin in recent months, Trading Guru Peter Brandt has shared in his latest post a worrisome pattern observed on the Bitcoin price chart. According to Brandt, Bitcoin appears to be on a downward trend. The legendary trader said in a recent post on Elon Musk’s social media platform X: “The series of lower highs and lower lows continues.” What Are the Implications Of This Pattern Notably, the consistent lower highs and…

On-chain data shows a particular Bitcoin whale who accumulated almost $400 million between July 30 and 31. This whale is believed to have purchased the flagship crypto, having seen an opportunity to profit massively thanks to Bitcoin’s recent price action.  Bitcoin Whale Purchases Almost $400 Million Worth Of BTC On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that a Bitcoin whale (12QVs…oN2qo) has withdrawn 5,800 BTC ($387.88 million) from Binance in the past two days. This purchase…

An analyst has warned that support levels weaken the more they are retested and Bitcoin is now doing a third consecutive retest of a major such level. Bitcoin Is Again Retesting The Short-Term Holder Realized Price As explained by CryptoQuant community manager Maartunn in a new post on X, BTC’s latest drawdown has led to it doing another retest of the short-term holder Realized Price. The “Realized Price” here refers to an indicator that, in short, keeps track of the…

In an interview with the hosts of “Altcoin Daily,” a popular cryptocurrency-focused YouTube channel, Charles Hoskinson, the founder of Cardano, made bold assertions about the future of Cardano in relation to Bitcoin. Addressing nearly 1.5 million subscribers, Hoskinson laid out a vision for Cardano that he believes will not only compete with but eventually surpass Bitcoin as the world’s leading cryptocurrency. Why Hoskinson Believes Cardano Will Flip Bitcoin Hoskinson’s argument hinges on the unique attributes of the Cardano ecosystem, which…

Bitcoin is currently ‘languishing’ at just under $65,000. The Fear and Greed Index is Neutral, and bears are shouting from the rooftops that the price of $BTC will be rejected from the top of its bull flag once more - this time to go crashing down to much lower prices, and possibly into a bear market. Why is the sentiment for Bitcoin so poor? A series of short duration corrections Since careering upward out of the last bull market, the…