TL;DR Bitcoin’s price skyrocketed beyond $110,000 for the first time ever, and the community was quick to pull out the big prediction guns and lay out the next impressive targets. Since the tweet below, BTC’s price has risen even further, and its market cap is well beyond $2.2 trillion. Its realized cap has also been […]
TL;DR Do you remember the Bitcoin Lamborghini meme, whose story began well over a decade ago? Well, now you can buy Lambos with just a single BTC instead of the 200+ spent in 2013. At least one community member remembers who found a pretty good one for sale in the US. The Lambo-Bitcoin Story The […]
Bitcoin prices reached an all-time high of almost $112,000 on Thursday, May 22, following a 4% daily gain, according to Coingecko. The asset has now surpassed a peak of $109,500 on Wednesday and is in a new price discovery phase. It has also pushed total crypto market capitalization to $3.6 trillion. However, this remains below […]
A recent survey by the Nakamoto Project, a nonprofit Bitcoin education and advocacy group, has revealed that four out of five Americans want some US gold reserves converted to BTC. The survey of 3,345 respondents asked: “Assuming the United States was thinking of converting some of their gold reserve into Bitcoin, what percentage would you […]
Jeff Walton, a Bitcoin podcaster and Strategy investor, recently pointed out that Strategy (formerly known as MicroStrategy) is on track to join the S&P 500 Index. Strategy Could Soon Join S&P 500 Walton wrote in a post on the X app: Q2 is likely going to be the big blow out quarter on Earnings for […]
Stock markets notched solid gains last week while crypto markets lost a bit of ground and cooled slightly. The weaker-than-expected readings on CPI and inflation expectations keep markets buoyed, while the Trump administration’s Middle East deals were a boon for the AI sector. Additionally, US Treasury yields are surging again. “Trade deals, recession worries, lower […]
Bitcoin’s surge to $106,000 earlier this week has been primarily driven by robust spot market demand, with Coinbase seeing net buying pressure of $45 million per day, according to Glassnode’s latest report. The rally, which began after the king cryptocurrency dipped to just below $75,000 in early April, has been marked by strong accumulation phases, […]
Following a relatively boring Friday and Saturday, bitcoin’s price went on the offensive on Sunday evening and shot up to its highest level since the end of January at $106,000. However, the bears were quick to step up at this point, and the asset plunged by two grand in an instant. BTCUSD. Source: TradingView Recall […]
The Japanese hospitality firm Metaplanet has disclosed record-breaking earnings for the first quarter of the year, primarily attributing the success to its Bitcoin treasury strategy. According to the firm’s Q1 Earnings Report, its Bitcoin strategy contributed 88% to its revenue of 877 million Japanese yen ($6 million). Metaplanet’s consistent BTC accumulation has also earned it […]
The on-chain intelligence platform CryptoQuant has unveiled a framework for monitoring the revenues of leading public Bitcoin mining companies. This methodology tells whether the companies are undervalued or overvalued in real time. CryptoQuant revealed in its latest weekly report that the framework tracks miners’ addresses on the Bitcoin blockchain and their BTC production. This enables […]