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.
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.
Bitcoin Ordinals leader Leonidas said his community would fork Bitcoin Core if developers reversed the upcoming update that allows for more Ordinals and Runes transactions.
Bitcoin whales sold around $12.7 billion of Bitcoin last month, pressuring prices and “signaling intense risk aversion among large investors.”
An NYDIG analyst has warned of possible market turbulence as the gap between the share price and asset values of Bitcoin holding companies has narrowed.
El Salvador was the first country to make Bitcoin legal tender, but it has since scaled back its Bitcoin laws and public sector involvement.