Author: Maria
In a few weeks, the German government successfully reduced its 50,000 Bitcoin holdings to zero after non-stop sell-offs that sent the crypto market spiralling. However, with the German government done with all its selling, the Bitcoin price, as well as the crypto market, has rebounded in response, rising over 20% since then. Since the BTC price is higher now, here’s how much the German government’s holdings would be if it had not sold. German Government’s 50,000 BTC Would Be Worth $3.27 Billion The German government continued to dump its BTC even after the price had crashed, and by the time…
Peter Schiff, Global Strategist at Europac, has said again that he doesn’t think Bitcoin will have a bright future in the current battle between gold and Bitcoin. Schiff has always been supportive of gold. He talked about the recent rise in the price of the precious metal and said that it has now reached a new high of just under $2,450. Schiff didn’t miss the chance to poke fun at Bitcoin by saying that it had dropped 30% since its record high in 2021. “Gold continues to show its worth as a stable and valuable product, while Bitcoin shines as…
After news of the potential launch of the first Ethereum Spot Exchange-Traded Funds (ETFs), optimism among ETH institutional investors has witnessed a significant rise, surpassing that of retail investors towards the crypto asset. Institutional investors’ positive sentiment may be explained by a number of factors, including higher trading volumes, which indicate a strong belief in the asset’s long-term potential. Heightened Institutional Optimism Ahead Of Ethereum Spot ETFs Approval On Tuesday, trading platform and analyst, TOBTC, reported the positive development on the X (formerly Twitter) platform. According to the trading platform, in anticipation of the possible introduction of the first ETH…
In a recent interview, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce reopened the discussion of adding staking features to Ethereum ETFs (exchange-traded funds) after their upcoming launch, possibly on July 23. Initially, ETF issuers such as VanEck and Fidelity had sought approval to wager the underlying Ethereum held in their products. However, it is speculated that they removed this component as one of the requirements for SEC approval of these index funds in May. Reintroduction Of Staking In Ethereum ETFs? During the interview, Commissioner Peirce expressed her view that features like staking, omitted from the approved Bitcoin ETFs,…
Metaplanet Inc., a publicly traded company based in Tokyo, has made news again with its latest Bitcoin buy. Today, the company revealed that it had bought an extra 21.88 BTC for 200 million yen, which is about $1.26 million at the moment. Bitcoin Adoption And More This year, Metaplanet released its Bitcoin for Treasury Asset Policy, which paved the way for smaller companies that want to use digital currencies to do so. Since then, the company has steadily increased its Bitcoin holdings by buying more every two months, even though market conditions have changed. Analysts think that their most recent…
Craig Wright, an Australian computer scientist who claimed to be Satoshi Nakamoto, the pseudonymous Bitcoin creator, has publicly recanted his statements after being found guilty of making false claims and committing forgery. Craig Wright Is Not Bitcoin Creator Satoshi Nakamoto The identity of the elusive Bitcoin founder remains one of the greatest mysteries in the crypto space as Satoshi Nakamoto impersonator, Craig Wright publicly confessed to not being the creator of Bitcoin. After years of asserting he was Nakamoto, Wright admitted on his personal website via a legal notice that his claims were false. The notice disclosed that on May…
The German government undoubtedly left a sour taste on the crypto market following the sale of nearly 50,000 BTC, which it seized from the pirated movie website movie2k. This has led to further research into how much Bitcoin other governments hold, given the impact their sales could have on the market if they also decided to sell. How Much Bitcoin Will Flood The Market If All Governments Sell According to data from Bitcoin Treasuries, almost 517,414 BTC ($32.9 billion) will flood the market if all the nine governments currently holding the flagship crypto decide to offload all their BTC reserves.…
The impending Mt. Gox Bitcoin distributions have been looming over the crypto market since the order was granted to begin repaying creditors. Given the massive amount of BTC in the Mt. Gox treasury, expectations are that the distribution will put immense selling pressure on the asset. Now that the coins are starting to move, the crypto market is already responding, despite the repayments not actually starting yet. Mt. Gox Moves 47,229 BTC To Unknown Wallet In the early hours of Tuesday, the Mt. Gox Bitcoin wallet carried out a notable transaction that sent ripples through the crypto community. The transaction,…
The Bitcoin price saw a notable recovery trend over the weekend that put it back above $60,000, and by the early hours of Monday, the price had recovered above $63,000. Given this recovery trend, crypto analyst Bluntz Capital, has used the Elliot Wave Theory to map out where the BTC price could be headed from here after kickstarting this recovery trend. Why Bitcoin Price Clearing $60,000 Is Important In a Sunday analysis, crypto analyst Bluntz Capital revealed where the Bitcoin price could be headed next from here. The analysis, which was made while the Bitcoin price was still under $60,000,…
According to the latest on-chain observation, the Bitcoin traders’ realized losses have reached a level that has proven critical to the coin’s movement multiple times in recent years. This begs the question — is the Bitcoin price bottoming out? Traders’ Realized Losses Below -12 Again — What Happened Last Time? In a recent post on the X platform, prominent crypto analyst Ali Martinez pointed out that the amount of losses being realized by Bitcoin traders has been increasing in recent weeks. This on-chain revelation is based on the CryptoQuant Profit/Loss Margin metric, which aggregates profits and losses from all Bitcoin…