Bitcoin products saw $25 million in outflows last week, according to asset manager CoinShares. There was $3.7 million in short Bitcoin as investor sentiment flipped negative on recent regulatory concerns. But crypto prices still recorded huge moves, with BTC hitting a six-month high above $25,000.
Bitcoin “shrimp” wallets, which hold 1 bitcoin recently surged to 43.2 million. Bitcoin addresses with 0.01 BTC or less have also hit an all-time high of 32.6 billion. Data also shows bitcoin wallets in profit have reached 70% after recent price gains. Bitcoin price recently
Bitcoin price broke above $22,500 to new highs above $25,000 amid the hunt for short stops and liquidations. The move to $25k resulted from short liquidations of over $155 million. While price could retreat to $24k, Bitfinex analysts say recent price movements could be indicative
Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down. The markets’ reaction comes after hotter-than-expected inflation data for the first month of 2023. US CPI rose 0.5% over the month and 6.5% year-over-year. Bitcoin was holding just above
Key Takeaways Bitcoin is up nearly 50% thus far this year, but there have been no positive catalysts from within the industry Rally is nothing but macro-driven, writes our Analyst, with Nasdaq up 16% and Bitcoin continuing to trade like a levered bet on the
Bitcoin reached highs of $25,230 across major exchanges, its highest price level in over six months. BTC price moved above its 200-week moving average’ Analysts say bulls could target fresh gains as a bullish signal flashes. Bitcoin broke above $25,000 as the momentum that pushed
Key Takeaways Inflation in Argentina is now near 100%, as savings in the peso are getting crushed Bitcoin, despite collapsing in the last year, is up in peso terms Weak currencies are often cited as benefits of Bitcoin, but in the case of Argentina, it
MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.3 billion in 2022, MicroStrategy’s chief financial officer,