BTC

The post Marathon Digital Acquires $100M BTC, Declares Shift To HODL Strategy appeared first on Coinpedia Fintech News In a significant move, Marathon Digital has announced a $100 million Bitcoin purchase, bringing its total holdings to over 20,000 BTC. The company has also declared a shift to a full HODL (Hold On for Dear Life) strategy for its Bitcoin treasury policy, effective immediately. Under this new approach, they will retain all Bitcoin mined through its operations and plans to make…

The Bitcoin 2024 conference in Nashville opens on Thursday. Speakers such as Donald Trump will speak at the event. The $BTC price is still pulling back after reaching $68,500 on Monday. Mt. Gox selling vs major tailwinds Other than the potential selling from the recent Mt. Gox distributions, Bitcoin is generally looking at more tailwinds than headwinds. The Spot Bitcoin ETFs are continuing to see net inflows, and technical price indicators are favouring a continuation of the upward trend; perhaps…

Bitcoin (BTC) bulls have lost the crucial $65,000 level as selling pressure continues to weigh the price down. BTC could continue to drop until the 50-day SMA, where the price may stabilize. However, continued selling pressure could cause BTC to drop down to $62,000.  The crypto market is facing significant liquidations, with Bitcoin and Ethereum’s price drops triggering pandemonium in the markets. The decline in the crypto markets occurred along with a broader downturn in the US markets, with the…

On-chain data shows whale activity on the Ethereum blockchain has been quite high recently due to the excitement around the spot exchange-traded funds (ETFs). Ethereum Whales Showing Significantly Higher Activity Than Bitcoin Ones According to data from the on-chain analytics firm Santiment, Ethereum whales have been displaying considerable activity recently. The indicator of relevance here is the “Whale Transaction Count,” which keeps track of the total amount of transfers happening on any given network carrying a value of at least…

XRP price extended gains above the $0.6220 zone. The price tested the $0.6330 zone before there was a pullback amid declines in BTC and ETH. XRP price started a downside correction from the $0.6330 zone. The price is now trading near $0.600 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it…

Pro-crypto Senator Cynthia Lummis is set to introduce legislation that could significantly impact the industry. The Wyoming Republican plans to announce her proposal for a Strategic Bitcoin Reserve at the upcoming Bitcoin Conference in Nashville, according to a report by Fox Business on July 24. This legislation would mark a significant step towards integrating Bitcoin into mainstream financial systems. Anticipation Builds Around Senator Lummis’ Announcement The proposed bill aims to require the Federal Reserve to hold Bitcoin (BTC) as a…

This past weekend was a relatively volatile one for Bitcoin’s (BTC) price. On July 21, the coin reached $68,6410 following a series of macroeconomic developments. While BTC has been pegged back to $67,218, this on-chain analysis explains why the price could be set to retest a prestigious threshold it has evaded for almost two months. Bitcoin Is Not Ready to Hold Back Bitcoin’s performance over the last seven days has been much better than that of the last month. During…

US spot Bitcoin exchange-traded funds (ETFs) have achieved significant success, attracting $2 billion in new funds this month. This surge emphasizes Bitcoin’s status as a leading digital asset that consistently appeals to both institutional and retail investors. US Bitcoin ETFs Now Hold More Than 900,000 BTC According to market data from Farside Investors, US-traded spot Bitcoin ETFs have attracted more than $2 billion in inflows since early July. The past week alone saw a strong cumulative net inflow of more…

On July 14, the total number of Bitcoin (BTC) available on exchanges was 2.99 million. Five days later, that figure considerably increased. An assessment of Glassnode’s data reveals that this number is almost the same as the exchange balance back in March. Will the price react similarly? Major Bitcoin Exodus from Cold Wallets In crypto, history does not exactly repeat itself. However, patterns rhyme. Sometimes, it does not matter if the cycles are years apart. On March 11, Bitcoin’s exchange…