Category: Cryptocurrency news

The Number of Bitcoin (BTC) Owners in the US Exceeds the Number of Gold Owners for the First Time! Here Are the Details

Bitcoin adoption in the US has surpassed a remarkable milestone. According to a report based on data from the digital asset finance company River, the number of people owning Bitcoin (BTC) in the country has exceeded the number of people owning gold for the first time. The study indicates that approximately 49.6 million Americans own […]

Bitcoin miners cut OTC holdings 72% – Assessing BTC’s next move

Bitcoin’s miner-linked over-the-counter [OTC] balances continue shrinking. That means – fewer coins remain available for large private transactions. Since November 2021, holdings have dropped from 500,000 $BTC to 139,700 $BTC, a decline of nearly 72%. Miners drew down their inventory over time without meaningfully rebuilding it after the 2024 halving. Source: CryptoQuant As a result, […]

Bitcoin rally faces key test at $68,000 as ‘summer slumber’ grips crypto, analysts say

Bitcoin price chart (TradingView) “The first retest of this resistance zone is expected to catalyze a sharp response,” the Bitfinex analysts wrote. ‘Fragile but constructive’ Despite the looming resistance, Bitfinex analysts see signs that market conditions are beginning to improve. Spot market conditions have improved after months of weakness, with U.S. spot bitcoin ETFs shifting […]

Major Claim from a Famous Founder: “Bitcoin Is on Sale Right Now”

Lawrence Lepard, founder and portfolio manager at Equity Management Associates, assessed the recent declines in the cryptocurrency market, the MicroStrategy controversy, and global monetary policies. Lepard attributed Bitcoin’s drop to the $58,000 level to an exaggeration of market fears (FUD), recalling past lows of $4,000 and $15,000. The renowned investor stated that investors’ anxiety during […]