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Search Results for: BTC

Binance Freezes $5.3M in Stolen Funds After $54M BtcTurk Hack

Following the latest hack on BtcTurk, Binance CEO Richard Teng has reiterated the exchange’s resolve to increase security and safeguard user funds. Binance has taken immediate action by freezing stolen assets that passed via its centralized exchange.  This shows that they are trying to help impacted users as much as

23 hours ago 1 min read

Bitcoin Dips Amid German Government’s BTC Sell-Off Concerns

Bitcoin (BTC) has displayed significant fluctuations as the cryptocurrency community grapples with the implications of major market activities. The German government has been actively selling off substantial amounts of Bitcoin, adding considerable pressure to the market.  According to the data from Arkham Intelligence, Over $195 million worth of Bitcoin sold

June 21, 2024 2 mins read

Why Bitcoin (BTC) is Struggling to Break the $65K Barrier?

In the past few days, the entire crypto market has been struggling with the consolidated price range as the bears are currently ruling the market. Bitcoin, the largest asset by market cap has experienced a price dip, and couldn’t break the $65K level for a long time. Bitcoin’s market attention

June 20, 2024 2 mins read

What German Government’s $425M Worth BTC Transfer Reveals?

In a recent development highlighting the German government’s involvement in the cryptocurrency space, approximately 6,500 Bitcoin (BTC), valued at over $425 million, were transferred from a government-affiliated wallet to various destinations, sparking speculation about its implications for the market. The transactions, detailed by cryptocurrency analysts and reported on by Arkham,

June 20, 2024 2 mins read

Will Bitcoin (BTC) Price Witness Bearish Trends at $65K for Longer?

In the last 24 hours, the overall crypto sector has shown a decline in market cap by 2.29%. Bitcoin (BTC) has experienced a price dip, leaving altcoins to plummet in price. Bitcoin, despite drawing market attention in the past week with multiple bullish movements, shows signs of further drops.  In

June 18, 2024 2 mins read

U.S Bitcoin ETFs Report $145.83M Net Outflow, Led by Fidelity’s FBTC

After reporting a weekly outflow of $580 million last week, U.S. spot bitcoin exchange-traded funds (ETFs) continued net outflows on Monday. According to statistics from SoSoValue, the 11 bitcoin ETFs had a net outflow of $145.83 million on Monday. With Fidelity’s FBTC leading the way with a loss of $92

June 18, 2024 2 mins read

How Are Bitcoin Whales Strategizing Amidst BTC Consolidation?

Bitcoin’s recent consolidation has been both a worrying and strategic period for the whales. There have been significant, huge moments from whales in recent months, with Bitcoin consolidating between $65K and $69K. Alluding to it, on June 12, a Bitcoin whale transferred 8,000 Bitcoin (BTC) from a Coinbase cold storage

June 17, 2024 2 mins read

Bitcoin Price Drops to $66K, Will BTC Fall Even Further?

Bitcoin (BTC), the premier cryptocurrency, has displayed significant volatility this week, falling over 3% in the past 24 hours to touch $66,304 after a brief recovery to $68,000 on Thursday. This drop comes in the wake of the Federal Reserve’s decision to maintain the interest rate at 5.25% to 5.50%,

June 14, 2024 2 mins read

MicroStrategy to Issue $500M in Convertible Notes to Buy More BTC

The Michael Saylor-led MicroStrategy is re-increasing its wagers on the crypto industry in the hopes of expanding its Bitcoin holdings. The company just announced that it would be issuing convertible senior notes with a face value of $500 million. Importantly, MicroStrategy has said that it plans to purchase further Bitcoin

June 13, 2024 2 mins read

Bitcoin Whales Accumulate $1.38B Worth BTC Capitalizing on Price Dip

Bitcoin whales amassed 20,600 BTC worth around $1.38 billion, on June 11, capitalizing on the Bitcoin price fall. Blockchain analytics company CryptoQuant reports that this was the biggest influx of capital for Bitcoin whales since February 28, when spot Bitcoin ETFs were less than six weeks old and BTC was

June 13, 2024 1 min read