The Bitcoin (BTC) network utilization has dropped to its lowest level in more than seven years amid renewed selling pressure. As of June 4, the 60-day Moving Average for Bitcoin active addresses hovered slightly above 600,000, according to data from Bitcoin Magazine Pro analyzed by Finbold. Bitcoin’s utilization has been declining gradually since the end […]
The cryptocurrency market is having a tough week. Bitcoin ($BTC) and altcoins, already on a downward trend, are experiencing sharp declines following Strategy’s long-standing $BTC sale. At this point, Bitcoin fell to $63,000 and Ethereum (ETH) to $1,770, and Strategy founder Michael Saylor spoke after the sell-off. Saylor stated that the flow of capital from […]
Michael Saylor’s Strategy (NASDAQ: MSTR), a business intelligence company formerly known as MicroStrategy, is now sitting on record $10.8 billion in unrealized losses. After six years of its characteristically aggressive and bullish Bitcoin (BTC) acquisitions, the company is now down 17% on its flagship crypto position, according to the latest data published by The Kobeissi […]
Peter Schiff, chief economist and global strategist at Europac, has stated that Bitcoin (BTC) price may have found support at $61,000. As Bitcoin price extended May’s losses in the first four days of this month, Schiff argued that the flagship coin may have found short-term support around its February low as of June 4. “Bitcoin […]
Though 2025 – the first year of President Donald Trump’s second term – appeared for a time to be delivering on the hopes of the cryptocurrency industry and community, the market eventually shifted decisively downward. Overall, the first 500 days of the Republican’s administration resulted in the loss of 45,904 Bitcoin (BTC) millionaire addresses, per […]
Disclosure: The author of this story owns shares in Strategy (MSTR). Strategy (MSTR) Executive Chairman Michael Saylor appeared to underscore the company’s focus on its perpetual preferred stock, making STRC the focus of his first public comment after the largest publicly traded holder of bitcoin sold the cryptocurrency to fund dividend payments on the instrument. […]
Bitcoin is once again at the center of a fierce debate. While many market participants have interpreted recent weakness as the beginning of a new bear market, crypto trader @CryptoFergani argues the opposite. According to his assessment, the market has already endured its bearish phase, and current conditions point to a different stage of the […]
Bitcoin has shed more than $15,000 in value over the past week, falling from $82,400 to $65,856. More than $2.41 billion in crypto positions were liquidated in just 48 hours, with $93 million in futures wiped out in a single hour, 95% of which were long positions caught on the wrong side of the move. […]