In the aftermath of a huge decline, the cryptocurrency market rose 5.57% in the last 24 hours, raising its entire market value to $2.35 trillion. Although the mood is still staying in the extreme fear zone, it sees cautious optimism, as the crypto Fear & Greed Index increased to 8
The Google search volume for the word “Bitcoin” has intensely increased in the last week as the price of the asset concisely slipped to the $60,000 level for the first time witnessed after October 2024. The provisional data from Google Trends reveals that the worldwide searches for Bitcoin attained a
On February 6, Shiba Inu witnesses potential gains after the rebound of Bitcoin from the $60,000 threshold. After the recovery, the traders again became speculative for altcoins, placing SHIB as one of the assets heavily profited by the return of liquidity to the market. The significant change in the price
One of the largest public Bitcoin treasury companies, Marathon Digital Holdings, transferred nearly $87million worth of Bitcoin to major crypto financial and investment firms, indicating potential selling pressure. On February 6, the on-chain analytics platform Lookonchain revealed that the Bitcoin Miner MARA Holdings transferred a total of 1,318 BTC valued
Metaplanet is a Bitcoin vault company based in Japan. And it was reported that they were committing themselves to buying even more Bitcoins despite the latest dips in price. In fact, the value of Bitcoin went down to around $60,000 in the past before it went back up to some
The executive chairman of Strategy, Michael Saylor, and the chief executive officer, Phong Le, guaranteed that its BTC accumulation strategy would remain intact regardless of increasing unrealised losses. At the time of the earnings call after listing $12.4 billion in fourth-quarter losses, management showed that liquidation risk would only come
Eleven major U.S. public pension funds are now reporting substantial unrealized losses on microcap Strategy shares linked to Bitcoin. Their combined holdings of almost 1.8 million Strategy shares are currently worth $240 million. This is down from $577 million, which indicates a substantial drawdown. Market information reveals that this represents
Most tokens are trading down today as the entire crypto market is in a bloodbath, while Tron acquired TRX tokens to increase its treasury holdings as it aims to further grow its Tron DAT holdings and boost long-term shareholder value. Also, Tron Inc’s strategic buy was supported by Justin Sun,
Spot Bitcoin exchange-traded funds saw net outflows of $545 million on the second consecutive day of withdrawals, indicating a significant change in institutional sentiment. Large investors have shown a reduction in exposure to Bitcoin while it was in a volatile market. The outflows indicate a cooling-off period for institutional investment,
Bhutan has shifted millions worth of Bitcoin from its sovereign wallets this week amid a broader crypto downturn that has seen its overall crypto asset holdings decline by more than 70% from its peak level of $1.14 billion. On-Chain analytics platform Arkham reveals that Bhutan’s sovereign investment arm, Druk Holding
