Bitcoin surged past $77,000 on August 21, reaching a three-month high after a sharp five-day rally supported by strong U.S. spot Bitcoin ETF inflows totaling over $1.12 billion in two days. Concurrently, Bhutan's government moved 490.87 BTC worth about $32.74 million to fresh wallets, raising market speculation but without clear evidence of a sale. The rally was also boosted by U.S. Treasury bond buybacks and positive on-chain signals indicating high-conviction buyers accumulating Bitcoin. Analysts see the next major resistance near $83,000, where a large supply cluster exists, potentially testing demand strength.
Bitcoin's sharp rallies have become less frequent due to institutional call-option selling and profit-taking by large holders, yet a price of $90,000 by the end of 2026 is projected. Market sensitivity to Wall Street strategies and macroeconomic news...
Strategy increased its Bitcoin holdings by 811 BTC recently, bringing its total to 849,327 BTC, over 4% of all Bitcoin in circulation. The company also reduced its leverage from 108% at the start of 2023 to just 3%, reflecting a stronger financial po...
Michael Saylor's company, Strategy, has nearly reached $1 billion in unrealized profits from its Bitcoin holdings, despite ongoing market volatility. The firm recently added 811 BTC worth $65.5 million, bringing its total to 849,327 BTC valued at abo...
Major cryptocurrencies declined as Bitcoin ETFs experienced over $1 billion in outflows following the $6.3 billion Binance hack. Despite the sell-off, analyst Tom Lee called the market's response "constructive," highlighting Binance's coverage of los...
A trader on Hyperliquid closed losing long positions in Bitcoin, HYPE, and Zcash, totaling about $6.13 million in losses, with Bitcoin accounting for roughly 72% of the losses. After this exit, the trader opened new leveraged long positions worth app...
