The holder of the largest institutional Bitcoin (BTC) investor MicroStrategy, has announced that it plans to continue stocking up its BTC holdings, despite the $424.8 million impairment it recorded in Q2 2021. The cumulative impairment comes in at a whopping $689.6 million since Q3 2020. As of June 2021, the behemoth investor held 105,085 BTC […]
New reports from Coindesk revealed that JP Morgan Chase & Co. has begun pitching a Bitcoin (BTC) fund to its private clients this week. The behemoth financial institution originally announced in April that it had entered a partnership with NYDIG to launch a Bitcoin fund. JPM touted the new fund as the safest and cheapest […]
Based on on-chain activities, analysts assert that there is massive profit-taking occurring in the market since Bitcoin (BTC) peaked at $42,600 on Sunday. As a result, the benchmark cryptocurrency plunged by over 10% since its recent peak. On-chain analytics platform Glassnode noted that the big question in the mind of the BTC community is if […]
Bitcoin (BTC) has begun August on a bullish footing as the primary cryptocurrency extends its weekly gains to 15% and favorable conditions. BTC hit $42,600 a few hours ago, its highest point since May 20, although it failed to secure its position above the $42,000 level and currently trades around the $41,400 level. The recent […]
According to new data from on-chain analytics platform Glassnode, Bitcoin exchange balances have plummeted to their lowest levels since the bearish market in late 2018. A new report from market analyst Will Clemente shows that two massive outflows occurred over the past 24 hours. He noted that: “Two massive outflows today: one worth 23,530 BTC […]
According to new reports, Bitcoin (BTC) has entered neutral levels on the Fear and Greed Index for the first time since May 12. Before now, it remained in a drawn-out phase of either fear or extreme fear. The previous prolonged fear state emanated from the plummeting prices, overall stagnation, and investor indecisiveness seem recently. As […]
With the growing boom in the cryptocurrency industry and the fear of missing out on a trending investment, many investors buy into crypto projects without knowing what they are or do. While cryptocurrencies are trendy and very profitable, it helps to know exactly what it is you are venturing into. In this article, we will […]
Tesla released its Q2 earnings report yesterday, which showed that the company’s net Bitcoin (BTC) holding has a value of $1.311 billion as of June 30. The electronic vehicle manufacturer did not make any additional BTC purchase, nor did it sell any of its holdings in the second quarter of this year. Meanwhile, the cash […]
It appears that Bitcoin (BTC) bulls have regained control over the market in the past few days, which has pushed the cryptocurrency to an 18-day high near $35,000. At the same time, the altcoin sector has posted an immense recovery, flipping the broader market sentiment to bullish. The benchmark cryptocurrency’s bullish recovery began after it […]
