Tag: 11k

SharpLink Adds 11K ETH, Nears $2B in Ethereum Holdings

Key Notes SharpLink added 11,259 ETH to its treasury, now holding $1.74 billion worth of Ethereum. The firm’s average ETH buy price is $3,011, sitting on $386M in unrealized profit. Glassnode data suggests ETH still has significant upside, with $4,900 as a potential target. Ethereum ETH$3 85924h volatility:1.5%Market cap:$465.79 BVol. 24h:$32.76 Bsurged past $3,850 this week as SharpLink Gaming, the Minneapolis-based firm increasingly mirroring Strategy’s Bitcoin playbook, has added another 11,259 ETH to its treasury. SharpLink now holds a monumental 449,000 ETH, now worth approximately $1.74 billion. So far, the…

Trump victory creates over 11k new Bitcoin millionaires

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Donald Trump’s 2024 election victory has created over 11,000 new Bitcoin millionaires. According to data from Finbold, the number of Bitcoin wallets valued at $1 million or more rose to 132,842 on November 6, as Bitcoin prices increased by 7.8% in just 24 hours. Last month, there were 121,061 Bitcoin addresses worth over $1 million. This figure has now grown by 11,487 wallets, indicating significant wealth gains among Bitcoin holders, per Finbold. Let’s be absolutely clear, the anti-Bitcoin movement died last night. The USA will be the most pro-Bitcoin nation…

Ethereum price falls below $1.1K and data suggests the bottom is still a ways away

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Ether (ETH) price nosedived below $1,100 in the early hours of June 14 to prices not seen since January 2021. The downside move marks a 78% correction since the $4,870 all-time high on Nov. 10, 2021. More importantly, Ether has underperformed Bitcoin (BTC) by 33% between May 10 and June 14, 2022, and the last time a similar event happened was mid-2021. ETH/BTC price at Binance, 2021. Source: TradingView Even though Bitcoin oscillated in a narrow range two weeks before the 0.082 ETH/BTC peak, this period marked the “DeFi summer”…

Bitcoin’s Bottom May be at $17k or Even Lower at $11k – Rich Dad Poor Dad Author

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Summary: Robert Kiyosaki has forecasted that Bitcoin might find a bottom at $17k or $11k Mr. Kiyosaki also said that market crashes were an opportune time to buy assets such as Bitcoin According to Bitcoin Analyst Timothy Peterson, Bitcoin could decouple from the Nasdaq at the $23k price area Bitcoin is once again facing the weekly close, and $28k is the support level to watch alongside the local low of $26,700 The author of the popular investing book Rich Dad Poor Dad, Robert Kiyosaki, has forecasted that Bitcoin could find…

Purpose Bitcoin ETF adds 1.1K BTC as data hints investors want to ‘buy the dip’

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The world’s first Bitcoin (BTC) spot price exchange-traded fund (ETF) is buying BTC again after a month of selling. Data from on-chain monitoring resource Coinglass confirms that on April 27, Canada’s Purpose Bitcoin ETF added 1,132 BTC to its holdings. Data: Buy the dip interest “skyrocketing” Despite fears that Bitcoin is not yet done with its sell-off, an about turn at Purpose hints at increasing institutional demand. Beginning March 28, when BTC/USD traded above $48,000, Purpose began reducing its exposure, which at the time totaled 36,321 BTC. Wednesday’s increase is…

Bitcoin may see relief rally to $11K after Dollar Strength Index soars

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The price of Bitcoin (BTC) has been stagnating in recent weeks, as it couldn’t break above $11,000 and couldn’t drop below $10,000, the ultimate sign of a continued range-bound structure.  Such a range-bound and sideways structure could strengthen some relief on the markets, as the altcoins — especially the DeFi sector — have seen massive selloffs in recent weeks. However, what’s next for Bitcoin as the futures expiration day is tomorrow, which most likely will cause short-term volatility?  Bitcoin is still waiting to fill the CME gap as the downtrend…

Bitcoin price failure at $11K moves focus back to sub-$10K CME gap

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Bitcoin’s (BTC) price has been showing some slight strength in the previous week as BTC rallied from $10,000 to $11,200. However, the crypto market’s overall consensus has been showing weakness with double-digit selloffs for many of the smaller-cap cryptocurrencies. This selloff appears to have taken hold as Bitcoin price confirmed $11,200 as resistance in the previous weekend. Rejection as $11,200 leads to a downward spiral BTC/USD 1-day chart. Source: TradingView In the previous analysis, the $11,000-$11,200 level was identified as a substantial resistance area to break. The significance of this…