In the past week, Bitcoin experienced a rollercoaster of price movements. After a significant dip from $59,600 to $56,300, the bulls managed to prevent further breakdowns and pushed the price back up. Bitcoin then traded sideways around $60,000 over the weekend until Monday brought another retracement to $58,000. However, the cryptocurrency quickly bounced back and
Crypto
The recent analysis of the Bitcoin market inventory on exchanges by technical analyst Willy Woo has shed light on the bearish trend that has been prevalent until the start of August. This trend was primarily attributed to an influx of approximately 100,000 BTC from the German and US governments selling as well as Mt. Gox
Recently, the United States spot Bitcoin exchange-traded fund (ETF) market experienced a decline in daily trading volume to $779.87 million. This decrease in trading volume marks the third lowest daily volume after previous records on February 5th and 6th, which were $649.17 million and $692.11 million, respectively. Factors at Play The drop in daily trading
Recently, a malicious browser extension known as the “Bull Checker” has been causing havoc among Solana users on Reddit. This extension, disguised as a meme coin tracker, has successfully evaded detection systems and led to unauthorized token drains from users’ wallets. Jupiter’s founder, Meow, uncovered the issue after several Solana DeFi users fell victim to
Tokyo-based investment firm, Metaplanet, made headlines recently with its announcement of acquiring an additional 57.273 BTC amidst the current market lull. This purchase, valued at approximately 500 million yen or $3.4 million, is part of the firm’s strategy to set the stage for long-term growth. In August, Metaplanet had acquired a 1 billion yen loan,
The recent choppy consolidation in the price of Bitcoin has left many market players feeling anxious. However, amidst this uncertainty, there has been a noticeable trend among certain holders of the cryptocurrency. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have been actively increasing their holdings. Over the past six weeks, these whales