For much of this month, bitcoin BTC$67,784.40 has been trading around the mid-$60,000s. That much is humdrum. The interesting bit is a developing split in coin ownership that could shape what happens next. Data from Santiment shows the number of wallets holding less than 0.1… Read More
Very large investors, or whales, holding 10,000 bitcoin or more are currently the only ones that are buying the largest cryptocurrency as prices plummet. All other holder groups are hitting the sell button, according to onchain data. This divergence is highlighted by Glassnode’s Accumulation Trend… Read More
The central bank of El Salvador, the tiny bitcoin-friendly nation in Central America, added $50 million worth of gold to its reserves, the institution said Thursday in an X post. The purchase — 9,298 troy ounces — brings the country’s total gold holdings to 67,403… Read More
Prenetics (PRE), a health-sciences company that raised $48 million earlier this year, partially to build a bitcoin treasury, said it decided to stop purchasing BTC amid prolonged weakness in the cryptocurrency market. The company rolled out its bitcoin accumulation strategy in June, following a model… Read More
Strategy CEO Phong Le says the company now has “more flexibility than ever” to continue accumulating bitcoin, citing a capital structure built on long-dated debt, opportunistic equity access, and no short-term refinancing pressure. Speaking on the most recent episode of the “What Bitcoin Did” podcast,… Read More
According to CoinDesk Research’s technical analysis data model, ether ETH$3,348.88 fell 3.3% to $3,331 in the past 24 hours, breaking below the key $3,400 support level despite evidence of aggressive whale accumulation. ETH-USD 1-Month Chart (CoinDesk Data) The decline wiped out recent gains as sellers… Read More
