This week, Bitcoin sinks under $90k, sparking new speculation about whether the market is nearing a cyclical low. Executives from BitMine and Bitwise told Cointelegraph that multiple on-chain indicators suggest that the downward trend is slowing. The world’s largest cryptocurrency fell for the second time in three weeks as miners sold, spot ETF inflows fell, … Read more
A new tendency is emerging among long-term Bitcoin holders, and it isn’t motivated by fear or loss. According to a recent Cointelegraph report, many Bitcoin OGs (early adopters who amassed BTC in the early years) are carefully selling their coins to capitalize on the tax benefits of Bitcoin ETFs. Analysts believe this process is less … Read more
Metaplanet Inc., a Tokyo-based investment firm, has revealed plans to arrange a $100 million Bitcoin-backed loan to fund more BTC purchases and a company share repurchase scheme. The move reflects the firm’s growing commitment to Bitcoin as a primary treasury asset, which is consistent with MicroStrategy’s corporate strategy. According to a report from Cointelegraph, Metaplanet … Read more
Bitcoin ETF Inflows rebound is gaining traction as on-chain liquidity rises by roughly $8 billion, indicating increased confidence among long-term holders. However, despite increased optimism, U.S. spot Bitcoin ETFs have failed to attract major inflows, casting doubt on the current rally’s longevity, according to Cointelegraph. After weeks of sideways movement, Bitcoin has begun to show … Read more