Key Highlights Bitcoin briefly fell below $76,000 before rebounding as markets assessed the implications of Democrats gaining ground in the U.S. Congress. Bitget Wallet research lead Lacie Zhang noted that broader macroeconomic drivers and onchain demand will likely dictate Bitcoin’s trajectory more than congressional midterm results. While divided government could stall regulatory progress such as ...
Key Highlights: Tether’s reserves supporting USDT saw an increase of roughly 1,130 BTC during the third quarter, bringing the total in reserve reporting up from approximately 98,930 BTC recorded at the end of June. A $2.57 billion valuation surge in the reserve’s Bitcoin portfolio was predominantly driven by market price appreciation rather than large-scale asset ...
Key Highlights: Statements by Tether CEO Paolo Ardoino imply a gap of roughly 50,000 Bitcoin—valued near $3.8 billion—compared to Tether’s third-quarter public reserve attestation. Tether’s Q3 report confirmed $8.37 billion in Bitcoin backing USDT reserves, an excess reserve cushion of $7.95 billion, and $1.5 billion in quarterly net operating profit. While corporate investments sit separately ...
Key Highlights: Voter sentiment toward cryptocurrency reveals clear generational patterns, with younger demographics leaning more favorable while older demographics, particularly those aged 55 and up, view it unfavorably. Supportive voters highlighted digital assets as strong investments and inflation hedges, with one Donald Trump supporter crediting Bitcoin for generating substantial returns. Critics and skeptical voters cited ...
Key Highlights: Social sentiment across the cryptocurrency sector has turned sharply negative, driven down by declining asset prices and fallout from the recent Binance hack. Bearish commentary heavily outweighs bullish sentiment for both Bitcoin (0.69 bull/bear ratio) and XRP (0.61 bull/bear ratio), while Ethereum retains a comparatively higher ratio of 1.14 despite losing ground since ...
Key Highlights: Binance has withdrawn half of the bitcoin held in its Secure Asset Fund for Users (SAFU), reducing the balance from 15,000 BTC to just over 7,500 BTC. The capital deployment was part of a $6.34 billion recovery allocation drawn from SAFU, corporate treasury reserves, and the futures insurance fund following a major security ...
Key Highlights Bitcoin fell 2% to drop below $77,000 during Tuesday’s Asian morning hours, erasing the recovery gains made on Monday. A broader market sell-off hit major altcoins, with ZEC tumbling nearly 10%, while TRX was the sole gainer among top digital assets. The downturn tracks sharp declines on Wall Street, where a three-day, 12% ...
Key Highlights: OKX released its 49th Proof-of-Reserves report, showing a 9.66% surge in Bitcoin user holdings to 156,609 BTC and a 2.95% rise in Ethereum to 1.92 million ETH as of November 1. Tether (USDT) balances across the exchange dropped by 9%, shedding approximately 787 million tokens to settle at 7.96 billion tokens. OKB holdings ...
Key Highlights: Strategy repurchased approximately 2.09 million STRC preferred shares for $208.2 million using its general-purpose USD Cash balance as shares traded near the $100 mark. The company issued 1.18 million new MSTR common shares to raise $164 million, directing $65.5 million toward the acquisition of 811 Bitcoin. Strategy transitioned to paying STRC dividends on ...
Key Highlights: Strive purchased 124 Bitcoin for $10 million between Oct. 24 and Oct. 30, bringing its total treasury holdings to 43,124 BTC. The company funded the acquisition primarily through balance-sheet cash and the first-ever open-market sales from its new SATS preferred stock at-the-market (ATM) facility. With Bitcoin trading near $77,000, Strive sits closely behind ...
Key Highlights: Analyst Michaël van de Poppe is closely monitoring price action to see if the market can establish a higher low after testing its previous peak. A confirmed higher low accompanied by an upward trajectory would reinforce a bullish market outlook. Should the current support fail to hold, Van de Poppe identified the $75,000 ...
Key Highlights: Bitcoin fell 1.7% from a local high of $78,750 as broader geopolitical easing in the Middle East and upcoming US midterm elections prompted market repositioning. Crude oil dropped sharply after US Secretary of State Marco Rubio signaled that President Donald Trump aims to resolve the conflict with Iran peacefully. Analysts warn that BTC/USD ...