Bitcoin’s market sentiment has been significantly influenced by a crucial metric, the Mean Dollar Invested Age (MDIA). This metric measures the average age of each BTC that has been sitting in wallets on the network. A rapid drop in MDIA indicates that dormant coins are moving back into circulation, a
Bitcoin mining company, MARA Holdings announced an additional acquisition of 703 BTC, totaling 6,474 BTC holdings at an average price of $95,395 per 1 BTC. The company acquired these Bitcoins with its latest 0% $1B convertible notes offering, following in the footsteps of Microstrategy. With our 0% $1 billion convertible
Celsius Network, the crypto lending platform that filed for bankruptcy in July 2022, plans to begin the second payout to eligible creditors. As the bankruptcy proceedings are ongoing, the court document discloses that the platform’s distribution is estimated at $127 million in liquid crypto assets. It brings total recoveries to
The excitement for new announcements and developments, particularly President-elect Donald Trump, pushes the Bitcoin market to new highs. Today, the market reacted to another level with Senator Cynthia Lummis’s new statement linking Trump to pro-Bitcoin initiatives. Sharing a video on Twitter, Lummis claimed, “President Trump is assembling an army to
One of the largest crypto asset management companies, Bitwise has proposed a mix-crypto ETP consisting of both Bitcoin and Ethereum, weighted by market cap. NYSE Arca filed a 19b-4 form to list this product. Bitwise is a crypto specialist asset manager with more than $11 billion in client assets and
The current developments in the cryptocurrency market are mostly driven by big triggers such as Trump’s election win, which spurred a rally across Bitcoin (BTC) and other cryptocurrencies, according to a new institutional report published by DWF Labs. The analysis provides crucial insights into the recent patterns in the market. A
While the global crypto market is stumbling due to Bitcoin’s sudden plunge to the $91K zone, Fantom (FTM) has emerged as the top gainer, surging to a 9-month high. Over the past 24 hours, FTM has climbed 21.74%, rising from a low of $0.9282 to an intraday peak of $1.13—a
In less than 48 hours, the crypto market, and particularly Bitcoin, has taken a downturn. The cryptocurrency dropped 7% on Tuesday, hitting the $91K level after days of trading above $95,000. This price movement has had minor effects on the altcoin sector, but tokens have bounced back to previous trading
Financial Conduct Authority (FCA) has revealed that 12% of UK adults now own crypto assets, marking a rise from 10% in 2022. BaseFCA’sa survey of 2,199 UK adults, the FCA’s latest research highlights an unprecedented growth in cryptocurrency adoption, with over seven million UK residents now holding digital assets, up
Just an hour before, Bitcoin (BTC) saw a significant drop in the Asian trading hours, plunging into the $91K range after a loaded crypto liquidation totaling $687 million. BTC alone accounted for $178.25 million in liquidations, reflecting the market’s struggle with overheating leverage positions and profit-taking among holders. Over the
