Tag: btc

Coinbase Holds $25 Billion Worth Of Bitcoin, Becomes Largest Holder With 1M BTC

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In a notable discovery, Arkham Intel, a leading blockchain intelligence platform, has identified $25 billion worth of Bitcoin (BTC) reserves held by Coinbase, the prominent US-based cryptocurrency exchange.  This revelation puts Coinbase at the forefront of the Bitcoin landscape, positioning it as the largest Bitcoin entity in the world alongside the enigmatic Satoshi Nakamoto. The uncovered reserves amount to nearly 5% of the total Bitcoin supply. Coinbase Emerges As Top Bitcoin Holder Arkham Intel’s comprehensive analysis has successfully tagged over 36 million Bitcoin deposits and holding addresses associated with Coinbase.…

Bitcoin fails to recoup post-Fed losses as $20K BTC price returns to radar

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Bitcoin (BTC) circled lower after the Sept. 21 Wall Street open as $20,000 BTC price predictions resurfaced. BTC/USD 1-hour chart. Source: TradingView Bitcoin analysis: Hype, FOMO and a “slow grind” to $28,500 Data from Cointelegraph Markets Pro and TradingView covered a lackluster 24 hours for BTC price action, with $27,000 fading from view. The aftermath of the United States Federal Reserve interest rates pause offered little for Bitcoin bulls, BTC/USD having dipped almost $700 the day prior. Now, market participants returned to a more conservative outlook in the absence of…

“Paper BTC” Is Counteracting A Bullish Bitcoin Supply Shock, Analyst Explains

An analyst has explained how the growth in “paper BTC” could be counteracting a bullish Bitcoin supply shock from taking effect. Liquid Bitcoin Supply Has Dropped, But Paper BTC Is Still At Significant Levels In a new post on X, analyst Willy Woo shared insight into how the paper BTC compares against the real BTC being traded. According to the analyst, “paper BTC” refers to the combined futures open interest value. Here is a chart that shows the trend in the ratio between the two types of Bitcoin over the…

Former Alameda Employee Accuses Firm of Causing BTC 87% Price Dip in 2021

The ‘honest’ mistake did eventually cost Alameda some millions of dollars. An individual simply identified as Baradwaj has dropped a bombshell of an accusation on his former employer Alameda Research. According to him, Alameda, which was owned by Sam Bankman-Fried, played a prominent role in the downward spiral of Bitcoin (BTC) that saw its prices plunge over 87% on Binance.US within minutes. This was back in 2021. At the time, BTC’s price dipped to as low as $8,200 from around $65,760, albeit in a manner that could not be immediately…

Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds

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Bitcoin (BTC) held $27,000 into Sep. 20 as the key macroeconomic date of the cryptocurrency trading week arrived. BTC/USD 1-hour chart. Source: TradingView Market “set to accommodate” BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed the BTC price focus shifting upward compared to the week prior. Crypto markets showed conviction into the decision on interest rates by the United States Federal Reserve. The Federal Open Market Committee (FOMC) was due to announce its latest changes at 2pm Eastern time on the day. As Cointelegraph reported, expectations almost…