June inflation data came in softer than economists anticipated, reinforcing expectations that the Federal Reserve may begin cutting interest rates and lifting appetite for risk assets. Against that backdrop, Bitcoin climbed above $64,000, reflecting renewed investor optimism that looser monetary policy could support higher valuations across cryptocurrencies. Lower borrowing
On-chain trackers have flagged a Bitcoin address that had been inactive since 2018, holding 2,931 BTC worth roughly $188 million, which recently sprang back to life. The stash was moved twice before landing in an unlabeled second-hop address, where it currently sits with no outbound transaction. Such
Spot Bitcoin exchange-traded funds recorded net outflows of $424.7 million, reversing recent inflows and pushing the July 6-13 balance $227.3 million into negative territory. The withdrawals were led by Fidelity's FBTC and BlackRock's IBIT, two of the largest Bitcoin ETF products by
On-chain data suggests a shift in Bitcoin ownership, as long-term holders gradually distribute their coins to newer market participants entering the space. This rotation of supply is often seen as a natural phase in market cycles, where established holders take profits while fresh demand absorbs the selling pressure.
Bitcoin faces a cluster of market-moving events over the next 24 hours that could determine whether it holds above the closely watched $60,000 level. The cryptocurrency is trading near $62,172, down about 3.1% after swinging between an intraday high of $64,273 and a low of
The January 2024 launch of U.S. spot bitcoin ETFs marked a turning point by letting investors access bitcoin's price through ordinary brokerage accounts. These funds hold actual bitcoin and trade on stock exchanges, eliminating the custody, compliance, and operational hurdles that previously deterred many asset managers, pension
Rising expectations of a July interest rate increase from the Federal Reserve have weighed on cryptocurrency prices, with major tokens shedding 2% or more over the past 24 hours. The declines come as traders position themselves ahead of an upcoming inflation report that could shape the central bank's
Asset manager Bitwise argues that Bitcoin's nine-month decline has obscured underlying strength in the industry's fundamentals. The firm contends that growing institutional adoption, continued corporate treasury buying, and improving market infrastructure have positioned the sector for a potential rebound, even as bearish sentiment dominates. Bitwise
Hawkish comments from Federal Reserve official Christopher Waller, who signaled a possible near-term interest rate hike, rattled markets across asset classes. Bitcoin fell sharply alongside stocks and bonds as investors repriced expectations for tighter monetary policy. The cryptocurrency slipped below $63,000 during an Asian trading session, driven in
On-chain analysts suggest bitcoin's recent wave of selling could be nearing exhaustion as sellers' profit margins shrink, reducing the incentive to offload holdings. The observation comes as bitcoin has held steady despite fresh U.S.-Iran geopolitical escalation, a period that would typically pressure risk assets.
The divergence between rising stablecoin activity and a shrinking supply pool signals that fewer tokens are being used more intensively across the market. Adjusted stablecoin transaction volume reached a record $1.79 trillion in June, according to Visa Onchain Analytics, marking a 63% jump from May's $1.10
As part of its ongoing bitcoin-focused treasury strategy, Strive (ASST) purchased 18 bitcoin for roughly $1.2 million over the past week. The acquisition lifts the company's total holdings to 19,900 BTC, edging it closer to the 20,000 mark. Alongside its expanding bitcoin position, Strive