Selling by Bitcoin long-term holders, reduced buying by treasury companies and a weakening technical structure could push BTC’s price toward $95K.
Bitcoin derivatives markets showed persistent caution, with sentiment influenced by BTC spot ETF outflows and Strategy not being included in the S&P 500 index.
Buyers are trying to sustain Bitcoin above $112,500, but the upside may remain capped until the whales reduce their selling and treasury companies increase their demand.
From Bretton Woods to Bitcoin, a new Cointelegraph video unpacks why currencies lose value — and what it means for your savings.
The deal with Vine Hill Capital, which values CoinShares at $1.2 billion, will allow the company to be listed on the US Nasdaq Stock Market.
The SEC’s proposed generic listing standards could streamline crypto ETF approvals from 240 days to just 60-75 days, opening doors for altcoin funds.
Strategy’s latest 1,955 Bitcoin acquisition brought its total BTC holdings to 638,460 BTC, purchased at an average price of $73,880 per coin.
If enacted, the Treasury Department will be required to produce a report on how the US strategic Bitcoin reserve would be custodied and kept safe.
German authorities may have missed seizing as much as $5 billion in Bitcoin tied to a piracy site it investigated last year, according to Arkham.
Metaplanet CEO Simon Gerovich said in June that the company’s long-term goal is to acquire 210,000 Bitcoin total by 2027.