The long-defunct Mt. Gox exchange initiated a significant bitcoin move on-chain Monday, transferring approximately 10,608 BTC, worth $950 million, to new wallet address, according to data from blockchain analytics firm Arkham Intelligence. The transfer unfolded at approximately 11:40 p.m. ET, with around 10,422 BTC sent to an unidentified address labeled “1ANkD…ojwyt,” while a smaller portion […]
Crypto market sentiment has deteriorated sharply, with the Fear & Greed Index dropping to 10, a level indicating “extreme fear,” marking a near nine-month low as it’s the lowest reading since late February. The plunge in sentiment follows a week of losses across major cryptocurrencies, led by bitcoin’s decline to just under $96,000 in a […]
Bitcoin BTC$97,014.68 saw no bounce Friday, holding at session lows below $95,000 late in the U.S. day after a bruising week that dragged prices to their lowest since May. The largest cryptocurrency is again underperforming U.S. stocks, with major U.S. indices holding onto minor gains a few minutes prior to the end of trading. BTC […]
Tether’s dominance in the cryptocurrency market has risen sharply, reaching its highest level since April, underscoring the risk aversion in the broader crypto market. Tether is the world’s largest dollar-pegged stablecoin, trading at a market capitalization of $184 billion at press time. While the stablecoin is widely used to fund crypto purchases and for lending […]
Hashprice has plunged to its lowest level since April, when bitcoin was trading around $76,000, now sitting at $43.1 per petahash/second (PH/s). Hashprice, a term coined by Luxor, refers to the expected value of one terahash per second (TH/s) of hashing power per day, representing how much a miner can earn from a specific amount […]
Data from Lookonchain shows an early bitcoin BTC$111,379.36 miner wallet holding 4,000 BTC (around $442 million) has become active for the first time in 14 years. The wallet, identified as 18eY9o, transferred 150 BTC (roughly $16.6 million) after years of dormancy. These coins were originally mined in 2009 and consolidated into the wallet in 2011. […]
Crypto markets were in rally mode on Thursday alongside sizable gains in stocks, a U.S. presidential pardon for Binance founder Changpeng Zhao, and ahead of tomorrow’s key reading on September inflation. In mid-afternoon U.S. trading, bitcoin BTC$109,538.70 was up 2.7% over the past 24 hours to $110,700, down a hair from the day’s high of […]
Tesla (TSLA) continued to hold 11,509 BTC, valued at around $1.35 billion as of the end of the third quarter (valued somewhat less as of today). The rise in bitcoin’s value during the third quarter allowed the company to book an $80 million gain on its holdings. For perspective, adjusted EBITDA for the quarter was […]
Crypto mining stocks tied to the red-hot artificial intelligence (AI) data center trade were the fastest horses on Monday to recover from Friday’s market rout. Bitfarms (BITF) and Cipher Mining (CIFR) surged 26% and 20% respectively on Monday, while Bitdeer (BTDR), IREN (IREN) and MARA Holdings (MARA) advanced around 10%. The rally reflects optimism that […]
Marathon Digital Holdings (NASDAQ: MARA) appears to have taken advantage of Friday’s market turmoil to load up on bitcoin BTC$112,873.59, according to data curated by Arkham Intelligence. Marathon Digital Holdings, which holds about 52,850 BTC (worth roughly $6.06 billion), purchased an additional 400 BTC valued at about $45.9 million through FalconX early Monday, according to […]
Coinbase is preparing to launch a new American Express credit card in the U.S. this fall, and everything about it — from the design to the rewards — seems tailored to bitcoin enthusiasts. A card built around bitcoin’s origin story Unlike most crypto-linked cards, Coinbase’s upcoming product isn’t just about perks — it’s about symbolism. […]
Bitcoin’s BTC$111,480.33 price swoon is marked by a veteran trader placing a bearish bet worth millions of dollars. A bitcoin “OG” placed a leveraged short of 3,600 BTC, valued at $438 million, on the decentralized exchange Hyperliquid during overnight trading, as BTC’s spot price briefly dipped below $120,000, according to blockchain analyst LookOnChain. The liquidation […]