Binance founder Changpeng Zhao highlighted that Bitcoin's available supply may be even lower than commonly believed. While over 20.07 million Bitcoin have been mined out of the 21 million total, CZ estimates that 10% to 20% of these coins are lost or permanently inaccessible due to lost private keys or other reasons. This scarcity means fewer Bitcoins are actually available for trading, increasing its deflationary nature as the next halving approaches. Investors should consider this reduced effective supply when assessing Bitcoin's value and market dynamics.
Technical analyst Katie Stockton of Fairlead Strategies indicates that Bitcoin may have reached a major low after nearing $60,000, based on rare long-term oversold signals from key indicators. This suggests the recent price decline might be ending, w...
Bitcoin ETFs have sold off 917 BTC, worth about $57.63 million, indicating a notable shift in institutional sentiment. Major U.S. spot Bitcoin ETFs, including those by BlackRock and Fidelity, contributed to this outflow, which exceeds two days' worth...
Bitcoin's circulating supply has exceeded 20.07 million coins, reaching about 95.57% of its 21 million maximum. Despite this milestone, apparent demand remains negative, indicating that new coins are not yet fully absorbed by holders. Bitcoin trades ...
The crypto market remains range-bound with Bitcoin trading around $62,900, showing little daily movement but down over 3% weekly. Regulatory setbacks in the US, including the SEC delaying a key crypto rule vote and stalled Senate action on the CLARIT...
Galaxy Digital CEO Mike Novogratz remains optimistic about Bitcoin due to persistent US fiscal deficits, with July's deficit hitting $432 billion. He links the government's high debt and spending to inflation and predicts these financial imbalances w...
