Bitcoin fell beneath $100,000 on Sunday following U.S. confirmation of involvement in the Israel-Iran conflict, as derivatives data shows traders are heavily positioned for further volatility. Bitcoin Options Open Interest Hits $51B Amid Geopolitical Jitters Open interest in bitcoin (BTC) options is now hovering around $51 billion, according to Coinglass data, while ethereum ( ETH) […] Original
Trump’s tariffs just reshaped bitcoin’s backbone, Blackrock could orchestrate institutional bitcoin takeover, Trump praises Senate-backed stablecoin bill, and more in this Week in Review. Week in Review Chinese mining giants Bitmain, Canaan, and MicroBT are relocating operations due to Trump-era tariffs. Meanwhile, concerns over Bitcoin’s decentralization have emerged, with podcast host Vlad Costea warning of […] Original
Bitcoin’s ancient supply has officially outpaced new issuance for the first time, highlighting a significant market shift emphasized in Fidelity Digital Assets’ new report. According to Fidelity Digital Assets, the accumulation of bitcoin’s ancient supply—coins untouched for over 10 years—has now reached unprecedented levels, surpassing new daily issuance rates. With 566 bitcoins entering this dormant […] Original
Bitcoin’s battle for dominance in safe-haven assets intensifies as government bonds emerge as its fiercest rival, reshaping investor strategies amid easing regulatory hurdles and shifting wealth paradigms. Government Bonds Emerge as Bitcoin’s Key Competitor in Hunt for Safe-Haven Assets Bitcoin’s role in global finance is increasingly debated as it competes with both traditional and newer […] Original
Based on historical data, the ten most heavily stocked bitcoin wallets collectively held over 1.12 million coins in 2023, accounting for approximately 5.66% of the current circulating supply. Jump ahead to the present, and these top ten addresses now control 5.55% of the supply, with a few notable shifts among the highest-ranking holders. What follows […] Original
According to an analyst on X, Bitcoin’s grip on the market looks too strong for altcoins to break free any time soon. Bitcoin’s price ticked up to around $104,000 after climbing 0.4%. It had dipped briefly to $103,000 but buyers stepped in fast. That push drove it back toward the $105K mark. At the same time, the US Federal Reserve held interest rates steady, keeping traders on alert for any ripple effects. Bull Market Support Band Explained Based on reports, the Bull Market Support Band sits between two key moving…
After attaining a peak of 946 exahash per second (EH/s), Bitcoin’s computational power has since receded beneath the 900 EH/s threshold, with corresponding mining profitability exhibiting a similar decline. Mining Pressure Mounts: Hashrate Drops, Earnings Grow Thinner By early afternoon Thursday, the valuation of bitcoin (BTC) hovered just above the $104,000 threshold. Merely days prior, […] Original
For the first time in Bitcoin’s history, the amount of BTC held dormant for a decade or more is now growing faster than the network is producing new coins. This shift, which began shortly after the April 2024 halving, marks a critical turning point in Bitcoin’s (BTC) supply dynamics, according to a June 18 report by Fidelity Digital Assets. As of June 8, an average of 566 BTC per day is crossing into the “ancient supply” category, meaning the coins have not moved in 10 years or more. That figure…
Three major Chinese bitcoin mining rig manufacturers—Bitmain, Canaan, and MicroBT—are relocating their production to the United States. This move allows them to circumvent the punitive tariffs imposed on Chinese imports. Chinese Trio Dominate Global Mining Rig Market In what will be seen as a vindication of U.S. President Donald Trump’s tariff policies, three Chinese bitcoin […] Original
At a recent Bitcoin conference in Las Vegas, there were so many government and TradFi attendees that Bitcoin purists are starting to worry they’re losing their peer-to-peer digital cash system to the “suits.” From BlackRock’s initial move for a spot Bitcoin exchange-traded fund in the summer of 2023 to US President Donald Trump’s embrace of crypto, all signs indicate the institutions are finally here. “The years of Bitcoiners clamoring for ‘institutional investors’ and pursuing price appreciation more proactively than privacy, self-custody, and other cypherpunk ideals have led to Bitcoin rapidly…