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GameStop’s 4,710 Bitcoin purchase marks the first publicly announced BTC purchase by the company since it disclosed plans to move into Bitcoin investment in March. GameStop, the US video game and consumer electronics retailer, has officially announced its first Bitcoin purchase, confirming multiple reports on kicking off BTC investment. GameStop has purchased 4,710 Bitcoin (BTC),…
Bitcoin’s largest traders appear confident in increasing exposure just below all-time highs, but a BTC price correction is still on the cards. Key points: Bitcoin whales are adding to their BTC positions while price ranges below all-time highs. If a new market correction comes, one potential bounce level lies in the mid-$90,000 zone. Read more…
Bitcoin’s largest traders appear confident in increasing exposure just below all-time highs, but a BTC price correction is still on the cards. Key points: Bitcoin whales are adding to their BTC positions while price ranges below all-time highs. If a new market correction comes, one potential bounce level lies in the mid-$90,000 zone. Read more…
Bitcoin’s largest traders appear confident in increasing exposure just below all-time highs, but a BTC price correction is still on the cards. Key points: Bitcoin whales are adding to their BTC positions while price ranges below all-time highs. If a new market correction comes, one potential bounce level lies in the mid-$90,000 zone. Read more…
The third quarter of the year has historically been Bitcoin’s weakest-performing on average, and analysts are debating whether its current momentum will continue. Bitcoin’s recent all-time high of $111,970 has sparked optimism among crypto market participants, but whether that carries through into the third quarter of this year remains uncertain, analysts say. “The coming weeks…
The world’s biggest Bitcoin miner achieved record annualized revenue as its Bitcoin holdings surpassed $5 billion. MARA Holdings, formerly Marathon Digital Holdings, reached a new all-time high in Bitcoin mining revenue, fueled by its recent surge to a record price. The company’s annualized mining revenue exceeded $752 million on May 27, according to data from…
Data suggests that Bitcoin’s buyers are exhausted following the rally to $111K, but traders still believe BTC has the strength to race toward $150K. Key takeaways: Bitcoin’s RSI has dropped 15% and is now below the overbought threshold. Bitcoin futures flip bearish with a 43% decline in perpetual CVD. Read more If you liked the…
Bitcoin’s rally takes a pause pending US inflation data, but institutional investor demand remains strong. Key takeaways: Bitcoin is stuck below $110,000 due to macroeconomic uncertainty and Nvidia’s earnings cap risk appetite. Strong spot BTC ETF inflows and Bitcoin options data are hints that US economic clarity could unlock BTC highs. Read more If you…
Bitcoin continues to be bought at each dip, but overcoming a critical overhead resistance could determine the next steps for many altcoins. Key points: Bitcoin ETPs continue to witness solid buying, signaling that the bulls expect the uptrend to continue. Several major altcoins witnessed a pullback, but lower levels continue to attract buyers. Read more…
Bulls launched a futures market-driven attack on BTC’s $110,000 resistance level as US markets are closed for Memorial Day. Will spot volumes follow on Tuesday? Bitcoin (BTC) price staged a mild recovery over the weekend, but gains above $110,000 are being capped by selling. Data from Glassnode shows “net distribution” (selling) from the cohort holding…