Tag Archives: BTCGBP

Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves to 1,018 BTC, valued at an estimated $68.8 million. From July 1 to September 30, the firm also reported a BTC yield of 41.7%, which accelerated...

TL;DR Analysts anticipate a strong BTC rally, driven by bullish market signals and potential accumulation by large entities. On the other hand, high profitability among holders may suggest a short-term price correction. BTC Explosive Rally Incoming? The leading digital asset traded sideways over the past weekend, ranging from $66,500 to $67,500. However, the start of the new week offered a new resurgence, with BTC soaring well above $68,500. BTC Price, Source:...

While bitcoin demand among large investors is picking up as time passes, smaller market players are lagging. According to a CryptoQuant report, the holdings of retail bitcoin investors are growing at a historically slow pace, even as this cohort of players gradually returns to the market amid BTC’s ascent to the $70,000 level. Retail Investor Holdings Slowly Growing In the past 30 days, retail bitcoin holdings have increased by just 1,000 BTC. The total assets by this group...

Bitcoin’s price went through a massive rollercoaster on Friday night, dumping by $3,000 in minutes before it recovered some ground to $67,000. The altcoins have it even worse, and the total crypto market cap has shed about $70 billion overnight. BTC’s Down and Up The business week started quite promising for the primary cryptocurrency, which jumped on Monday from $68,000 to $69,500 to chart its highest price tag since late July. However, it faced an immediate rejection at...

Bitcoin’s price took a turn for the worse in late Monday evening in Europe. The sellers have reappeared and established control, pushing the cryptocurrency below $67,000, losing about 2.5% in the past 24 hours. The move has pushed the total liquidations in the derivatives market to about $200 million. In the past four hours alone, almost $70 million worth of leveraged positions—the majority of them long — were wiped off the market. Source: CoinglassThis latest move caused a...

The landscape around the spot Bitcoin ETFs turned highly positive in the past week, with the products attracting more than $2 billion in net inflows. This has become their best five-day trading period in this regard since mid-March. Massive Inflows for BTC ETFs It’s safe to say that it was a big week for the 11 US-based spot Bitcoin ETFs, with several multi-month peaks, such as BlackRock’s best day since July on Wednesday. The total net inflows rose above $20 billion that...

Bitcoin’s price actions have calmed during the weekend, as probably expected, and the asset remains above the $68,000 level. The altcoins have been slightly in the red in the past day, but they went through a highly positive trading week, with impressive gains from ETH, SOL, BCH, and especially DOGE. BTC Calms Above $68K Last weekend went without any fireworks as BTC had recovered to $62,000 after slumping below $59,000 on Thursday. The eventful price movements were left for...

Historical data shows bitcoin (BTC) performing well in the fourth quarters of previous bull cycles, especially in halving years. Current on-chain data indicates that the leading cryptocurrency is following previous patterns and is on track to another remarkable Q4. A report by the market analytics platform CryptoQuant revealed that bitcoin’s price rally in the coming weeks could be sustainable because demand for the asset is recovering and growing at the fastest monthly pace...

Bitcoin’s impressive performance as of late continued in the past 24 hours as the asset tapped $69,000 for the first time since July 29 before retracing slightly. Most alts are with minor gains over the past day, aside from DOGE, which has only doubled down on its recent massive run. BTC Stopped at $69K The primary cryptocurrency stood around $62,000 and $63,000 last Saturday after it had recovered several grand from the sub-$59,000 dump on Thursday. Last weekend went...

BlackRock CEO Larry Fink said Bitcoin (BTC) is an asset class, comparing its investment potential to that of gold. In a recent earnings call, Fink emphasized that the world’s largest asset manager now views Bitcoin as an alternative to traditional commodities. Bitcoin Is an Asset Class “We believe Bitcoin is an asset class in itself. It is an alternative to other commodities like gold,” the 71-year-old said during the call, highlighting that BlackRock is discussing potential...