Grayscale Research has argued that Strategy’s recent $216 million Bitcoin sale has improved the company’s financial position while helping create conditions for a more stable Bitcoin price. Summary Grayscale says Strategy’s $216 million Bitcoin sale has reduced financing risk and strengthened its balance sheet. The research firm argues higher cash reserves could support a more
Bitcoin is holding near $64,033, up 0.76% over the past 24 hours and roughly 6.3% higher on the week, a modest but meaningful recovery that has traders asking whether institutional money is finally returning in force. The answer, based on the flow data, is: cautiously yes. Spot Bitcoin exchange-traded funds (ETFs, regulated investment vehicles that hold
Bitcoin continues to recover from its recent sell-off, but the market remains trapped beneath a major resistance cluster that has capped every relief rally since the June breakdown. While short-term momentum has improved, BTC is now approaching a decisive area where the next move could determine whether the recovery evolves into a larger trend reversal
MemeCore has surged more than 150% over the past week after recovering from a sharp selloff that erased more than 80% of its value in late June, with renewed buying driven by security updates and improving market sentiment. Summary MemeCore has jumped more than 150% in a week after developers addressed security concerns following its
XRP Ripple has reclaimed the top spot on Upbit, South Korea’s largest cryptocurrency exchange, with $52.33M in 24-hour trading volume, outpacing Bitcoin at $42.14M and Ethereum at $24.30M on the same venue. Roughly 10% of Upbit’s entire $493.74M daily crypto exchange volume was in XRP while the two largest coins by global market cap finished
Another analyst outlined an ‘insane’ correlation between ETH and the copper/gold chart. Ethereum’s slow and gradual rebound from the $1,500 lows reached recently continues, but the asset is now testing one of the most important resistance lines on its path to recovery. Analysts are convinced that breaking through this level will open the door
Peter Schiff has renewed his criticism of Strategy after the company sold part of its Bitcoin reserve to fund dividend payments. Summary Peter Schiff attacked Strategy’s new model after its $216 million Bitcoin sale for dividend payments. Strategy still holds 843,775 BTC and $2.55 billion in U.S. dollar reserves after selling. Bitcoin held near $63,369
In crypto news today (July 7), Bitcoin has surged, sitting comfortably above $63,000 and up +0.7% in the past 24 hours. Liquidations have picked up, with over $532M in positions blown up since yesterday, and interestingly, the split is almost 50/50 between longs and shorts. Yesterday saw a second consecutive day of positive ETF flows
Strategy sold more Bitcoin, but Grayscale believes that the move will “restore confidence in its financing structure” and help BTC “find a more durable bottom.” The Bitcoin treasury company Strategy offloaded 3,588 BTC last week for approximately $216 million. The asset briefly plunged below $61,500 before recovering quickly. While the sale initially drew attention,
Naver Financial has postponed the completion of its all-stock share swap with Dunamu for a second time, extending the closing date to Dec. 31 as regulatory approvals remain pending. Summary Naver Financial and Dunamu have delayed their planned share swap for a second time, with completion now expected on Dec. 31. The deal remains subject