Category: Bitcoin News

Bitcoin to $1 million? Bitwise CIO says it could happen under these conditions

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Bitcoin could reach $1 million per coin if it captures a meaningful share of the global store-of-value market, according to a new memo from Matt Hougan, chief investment officer at Bitwise Asset Management. Summary Bitwise CIO Matt Hougan says Bitcoin could reach $1 million if it captures about 17% of the global store-of-value market. The analysis frames Bitcoin as a competitor to gold, which currently dominates the store-of-value sector. Increasing adoption through spot Bitcoin ETFs and institutional investment could help drive Bitcoin’s market share higher. Bitcoin’s path to $1M runs…

Crypto wrench attacks rise as French couple robbed of $1M in Bitcoin at knifepoint

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A couple in western Paris was held hostage and forced to transfer roughly €900,000 ($980,000) in Bitcoin after three criminals posing as police officers broke into their home in what appears to be the latest crypto “wrench attack.” Summary Three attackers posing as police forced their way into a home in Yvelines, threatening the victims with a knife and demanding a crypto transfer. The husband transferred roughly €900,000 in Bitcoin under duress before the suspects tied him up and fled. The attack adds to a surge of crypto-related kidnappings and…

France Crypto Crime: Couple Held at Knifepoint and Forced to Transfer Nearly $1M in Bitcoin

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Armed criminals posing as police officers forced a French couple to transfer roughly $980,000 worth of bitcoin during a violent home invasion on Monday in Chesnay, France, in what authorities say is part of a growing wave of crypto-linked kidnappings across the country. France Investigates €900K Bitcoin Extortion After Home Invasion in Yvelines French authorities […] Original

Bitcoin Hits $71.7K Before Pullback as Equities Rally on Ceasefire Hopes

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Bitcoin experienced upward momentum on Tuesday, reaching an intraday high of $71,775, driven by a broader relief rally in global equities. However, it retraced to $70,000, reflecting volatility linked to recent Middle East tensions. Market Correlation and the Oil Retreat Bitcoin maintained upward momentum Tuesday, climbing to an intraday peak of $71,775 as digital assets […] Original

Bitcoin’s on‑chain data shows weak retail, strong settlement layer

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Bitcoin’s on‑chain data is flashing a strange mix of softer retail‑style activity and still‑robust throughput, fees and capital flows that look more like consolidation than exhaustion. Summary Active Bitcoin addresses have dropped to roughly 660,000 on a seven‑day basis, a 12‑month low that coincides with more batching, consolidation and custodial use. The network still processes around 400,000–450,000 transactions per day, with average fees in a $2.50–$4.00 band that signals steady economic activity rather than a ghost chain. Research on Ordinals finds inscriptions contributed about 22% of fees between 2023 and…

Crypto market capitulation fades as Bitcoin losses shrink

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The crypto market is showing early signs of stabilization after months of heavy selling, though the outlook remains uncertain. Summary Crypto market losses are easing as Bitcoin realized losses narrow from February capitulation levels. Short-term holders now control about 22% of BTC supply, indicating active participation. Macro pressures and liquidity conditions may keep Bitcoin trading volatile in the near term. With daily trading volume of about $121 billion, the global crypto market capitalization is close to $2.51 trillion, up roughly 2.5% over the previous day. Bitcoin (BTC) holds roughly 57%…

Bitcoin price stabilizes at $70K as open interest drops

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Bitcoin price is stabilizing near $70,000 as declining derivatives leverage and falling retail inflows hint at a possible base forming in the market. Summary Bitcoin is trading near $70,000, close to the upper end of its weekly range. Retail inflows to Binance have dropped sharply while open interest across exchanges continues to trend lower, signaling reduced leverage. Technical indicators show BTC consolidating between $67K and $71K as volatility tightens ahead of a potential breakout. At press time, Bitcoin (BTC) was trading at $70,718, up 4.2% over the past 24 hours.…