Trump Media has sold another 2,628 Bitcoin worth about $165 million, adding to a total of 7,281 BTC sold over seven months for roughly $545 million. The company initially bought 11,542 BTC at an average price of $118,522 each but now faces an unrealized loss of around $555 million. Bitcoin is trading below a key resistance level near $63,600, with analysts watching for either a rally or further decline. This ongoing selling by Trump Media highlights institutional caution amid Bitcoin's current price consolidation and market uncertainty.
Japan's Finance Minister Satsuki Katayama and the US Treasury are actively coordinating interventions to slow the yen's decline, which has reached a 40-year low near 160-162 per dollar. Japan has spent about $63.5 billion on past yen interventions an...
Dogecoin futures saw a notable increase in long positions among top traders on CoinGlass, rising to 73.96% in USDT-margined contracts, marking the largest day-over-day gain among major tokens. This suggests a tactical, short-term shift in risk appeti...
Bitcoin has formed a golden cross pattern, where its 50-day moving average crosses above the 200-day moving average, signaling a shift from bearish to bullish momentum. This technical indicator often precedes significant price increases, with past oc...
Analyst Andrey Poroshin from Bitbanker predicts Bitcoin will drop to around $60K in August due to a lack of macroeconomic support and passive Federal Reserve policy. The price is expected to recover to $70K later, despite this being below the U.S. mi...
Michael Saylor, co-founder of Strategy, clarified that the company's authorization to sell up to $5 billion in Bitcoin was part of a previously announced BTC Monetization Program from June, not a reaction to their Q2 loss. He emphasized that Strategy...
