Microstrategy (MSTR) co-founder Michael Saylor's personal wealth increased by nearly $700 million in three days as MSTR shares and bitcoin prices surged, CNBC reported. MSTR shares are up 52% so far this year, following a 346% surge in 2023. Sailer is currently MSTR's largest shareholder, holding...
About $1 billion worth of bitcoin was transferred to anonymous addresses from two crypto wallets holding funds seized by the U.S. government in connection with the Bitfinex hack. The transfers took place over four transactions two hours ago, and the purpose of the transactions was not disclosed....
First, trading volume in the spot Bitcoin ETFs that are driving this bull run more than doubled the previous record to more than $7.5 billion, with BlackRock leading the way with $3,291,107,443, Grayscale with $1,836,035,297, and Ark Investments with $425,812,381. Commenting on IBIT's volume via...
"The market capitalization of bitcoin could eventually reach a quarter of the market value of numismatic gold," Jurrien Timmer, head of global macro at Fidelity, a large U.S. asset manager, told X. "The market capitalization of bitcoin could eventually reach a quarter of the market value of...
95% of bitcoin addresses are profitable. This is similar to the level at the peak of the 2021 bull market, when the price of BTC topped $60,000. Meanwhile, JPMorgan said in a report that the crypto bull run is not only continuing, but improving. "Rising bitcoin prices are contributing to improved...
"We will soon see a deeper relationship between the luxury industry and cryptocurrencies," said Romain Carrere, CEO of The Aura Blockchain Consortium, a blockchain consortium that includes global fashion companies such as LVMH, Prada and Cartier. "The number of luxury brand Web3 customers is...
Crypto data provider Alternative's self-assessed "Fear-Greed Index" rose three points from the previous day to 82. This is the highest reading since November 9, 2021, driven by bitcoin's rebound, which touched 58.5K the previous day. The index indicates extreme fear in the market when it is close...
"There is a 50% chance that an Ethereum (ETH) spot ETF will be approved in May," Ryan Rasmussen, research analyst at crypto asset manager Bitwise, told Yahoo Finance. The U.S. Securities and Exchange Commission (SEC) has until May 23 (local time) to decide whether to approve VanEck's application...
On-chain analyst Crypto Dan writes: "Bitcoin's realized market capitalization and UTXO life distribution metrics show that there hasn't been a full influx of new investors. We're still a long way from the top of the bull market." In other words, we haven't seen a frenzy of investment by retail...
Bitcoin's move above $55K is notable because it is only 25% away from its all-time high before being halved. We turned to crypto analysts to see what they had to say. Crypto on-chain analytics platform Santiment reports via X that "Bitcoin surged last night, hitting a high of $54,900 while the...
BAYC developer Yuga Labs has announced that it "will stop supporting marketplaces that do not guarantee royalties to NFT creators," according to The Block. The announcement, which comes ahead of the launch of MagicEden's Ethereum NFT marketplace, is aimed at BLUR, which has dominated the existing...
The cycle is just beginning, as evidenced by the new capital flowing into bitcoin. The realized cap of short-term holders is about 35% of the total realized market cap. There are many analyses of why bitcoin has rallied, but the most compelling argument seems to be the halving and ETF capital...
