In 2024, Germany sold 49,858 BTC for $2.89 billion at an average price of $57,900 after seizing the coins from piracy operators. Initially criticized as a huge loss since Bitcoin prices doubled afterward, recent market corrections have narrowed the gap to just 7% above Germany's sale price. A further 6% drop would push Bitcoin below the government's exit price, changing the narrative that the sale was a major economic mistake. This shift highlights the volatility and timing risks in crypto asset liquidation by governments.
Bitcoin is at a critical technical point, trading near its 50-day moving average around $63,456 and pressing against a long-term descending trendline. The key resistance level to watch is $65,400, which if broken, could lead to a move toward $67,000-...
Bitcoin fell to its lowest level since August 3, dropping below $63,000, as spot bitcoin ETFs experienced $192 million in consecutive outflows for the first time since late July. Despite U.S. stocks rising on cooler producer price inflation data, cry...
Large institutional traders on CME have shifted to a modest net long position in Bitcoin futures, with leveraged funds cutting their net short exposure by nearly 40% since May. This change coincides with renewed inflows into spot Bitcoin ETFs and acc...
After the failure of Bitcoin's BIP-110 soft fork aimed at limiting nonfinancial data, Bitcoin blocks were flooded with heavy data like NFTs, challenging censorship efforts. Ripple CTO Emeritus David Schwartz emphasized that in public blockchains, opi...
Bitcoin and XRP are under selling pressure due to regulatory delays, weak ETF demand, and rising U.S. Treasury yields. Bitcoin trades near $62,800, while XRP hovers around $1, a critical support level. The U.S. SEC has postponed key regulatory meetin...
