Tag: 116K

Whales Keep Buying and Betting on Bitcoin — $116K Next?

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Key Notes An anonymous crypto wallet accumulated over $350 million in Bitcoin. A whale on Hyperliquid opened a $16.6 million BTC long with 40x leverage. Analyst sets $116,000 as a crucial mark for the leading cryptocurrency to break next. Whales are bullish on Bitcoin (BTC) with multiple positive on-chain signals and expert analysis surfacing despite recent consolidation. On-chain data shows that an anonymous crypto wallet accumulated 3,195 BTC from the Kraken cryptocurrency exchange, and an unlabeled address, which seems to be an over-the-counter dealer. Whale bc1qd3 has accumulated 3,195 $BTC($356.6M)…

Bitcoin Surges Past $116K Despite U.S. Government Shutdown: Is $120K Next?

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Bitcoin blasted through $116,000 with a 3% daily gain even as the U.S. government officially entered shutdown, its first since 2018. The political stalemate over health-care funding has 750,000 federal workers on furlough and could cost about $400 million per day, yet risk assets shook off early nerves. Related Reading Crypto’s total market cap rose 3% to $4.09T, with Bitcoin leading and dominance climbing from 57% to 59%, a structure analysts say tends to produce more durable rallies than altcoin-led surges. Gold’s sprint to fresh records near $3,875–$3,895/oz underlined the…

Capital B Acquires 2,249 BTC as Bitcoin Reaches $116K

Key Notes Capital B bought 48 more BTC through fresh fundraising worth $5.6 million. The company’s total holdings have risen to 2,249 BTC, with a potential increase to 2,267. Bitcoin trades above $116K but faces resistance ahead of the Fed’s September 17 meeting. Capital B, Europe’s first Bitcoin Treasury Company listed on Euronext Growth Paris, has completed a series of capital increases to further strengthen its Bitcoin BTC $115 779 24h volatility: 0.1% Market cap: $2.31 T Vol. 24h: $33.24 B reserves. The move comes as Bitcoin briefly crossed $116,000,…

Bitcoin Whale Starts Selling as BTC Hovers at $116K

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A long-term Bitcoin holder who sold $4 billion of his holdings for Ether last month has started selling again as Bitcoin crossed $116,000 for the first time in three weeks. Two Bitcoin (BTC) wallets tied to an address that had held onto the cryptocurrency for over eight years deposited 1,176 BTC worth over $136 million into the trading platform Hyperliquid on Sunday and “started dumping,” according to Lookonchain on X. Lookonchain said the wallet had taken a two-week break after it exchanged over $4 billion worth of Bitcoin in the second…

Bitcoin Crashes to $109K, Rebound to $116K?

Key Notes Bitcoin price dropped sharply to a daily low of $109,427 after losing $114K EMA support. The $107K support zone has emerged as a critical lifeline for a potential rebound. Over $411 million liquidated in 24 hours, with longs taking the biggest hit. Bitcoin BTC $108 442 24h volatility: 4.3% Market cap: $2.16 T Vol. 24h: $47.03 B witnessed a sharp decline in the past 24 hours, dropping below the crucial $110,000 level. After briefly touching a daily high of $113,000, the cryptocurrency slid to $111,000 before plunging further…