Trump Media & Technology Group transferred 2,650 Bitcoin valued at about $205 million to Crypto.com, raising questions about its crypto treasury strategy as Bitcoin prices remain below their purchase cost. The company originally bought 11,542 BTC at an average price of $118,522 each but has seen its holdings drop significantly in value, contributing to a $405.9 million quarterly loss largely due to unrealized markdowns. This latest transfer follows a previous move of 2,000 BTC earlier this year and leaves the company with around 6,889 BTC. The market impact depends on whether these coins are sold on exchanges or off-market, but long-term Bitcoin holders remain strong despite corporate selling pressures.
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
