Although XRP has experienced a notable resurgence in demand across its spot and derivatives markets, the token’s price remains trapped in a macro crypto bear market. As such, XRP price is gravitating towards a plunge below $1 again. Earlier this week, on August 11, the token’s price tanked below a major support level of $1 […]
As the leading cryptocurrency Bitcoin struggles to hold above $60,000, its adoption rate continues to rise. At this point, one analyst says that the adoption rate of $BTC will continue steadily, and that there are three main factors supporting this increase. Grayscale research head Zach Pandl published a report stating that despite recent pressure on […]
Japanese bitcoin treasury company Metaplanet (3350) unveiled a continuous bond issuance program, dubbed “BitBonds,” completing its first sale with four privately placed series worth about 200 million yen ($1.3 million). The Tokyo-listed company said the unsecured senior bonds mature in roughly three years and carry annual interest rates of 4% to 4.3%. Solicitation began in […]
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net outflows of approximately $61.1 million on Monday, Aug. 12, according to data from Farside Investors. The reversal came just one day after the funds posted net inflows, underscoring the volatile sentiment that continues to characterize the digital asset market. Daily Fund Flows: A Closer Look Fidelity’s FBTC […]
Tokyo-listed bitcoin $BTC$63.849,20 holder Metaplanet isn’t dumping its bitcoin $BTC$63.849,20 bags. Company CEO Simon Gerovich moved quickly to dismiss reports of a massive sale, clarifying that Wednesday’s large $BTC transfer, flagged by blockchain trackers, was merely a “routine custody transfer” and not a liquidation. “We transferred 5,014 $BTC between Metaplanet custodial addresses over the past […]
On Monday, August 10, the U.S. spot Bitcoin [BTC] ETF flows measured a negative $144.6 million. It broke a streak of positive flows for five consecutive trading days, which had brought in $865.3 million. At the same time, Bitcoin was also down just over 3% from Sunday’s local high at $65,474. The $65k-$67k is a […]
Bitcoin moved toward the top of its range last week as institutional demand through U.S. spot ETFs strengthened. Cooler employment data reduced expectations for an immediate Federal Reserve rate hike, but persistent selling pressure kept the move contained. The stronger ETF demand was reflected in $865.3 million of net inflows across five straight sessions, the […]
Bitcoin [$BTC] failed to sustain its latest upward move after rejection at $65.4K. It then hovered near $63K. At press time, Bitcoin traded near $63,736, down 0.32% on the daily chart. Despite weak price action, Metaplanet and Hut 8 moved sizeable Bitcoin holdings. Neither transfer had reached an exchange wallet. Are Bitcoin treasury transfers a […]
According to Glassnode’s latest assessment, the US consumer price index data for July did not significantly alter the overall market outlook. Core inflation fell to 2.5%, while headline inflation remained flat. The Fed’s effective interest rate has remained largely unchanged since December, continuing to be more than one percentage point above core inflation. This indicates […]
If you’ve scanned headlines over the last year, you’ve likely seen the prevailing market narrative: Bitcoin miners are abandoning their operations and pivoting to AI data centers, signaling a retreat from proof-of-work. To casual observers, this looks like a surrender. Proof that Bitcoin was just a temporary placeholder until a “better” compute workload arrived. However, […]