Bitcoin’s $75K Selloff Isn’t Scaring These Holders, They’re Buying More BTC
Larger Bitcoin wallets are increasing their holdings despite falling prices.
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Larger Bitcoin wallets are increasing their holdings despite falling prices.
Bitcoin trades near $74,537, down 0.93% on Tuesday, November 10, after falling from October highs near $87,000. US spot Bitcoin ETFs saw $2.13 billion in outflows over seven sessions ending November 9. Santiment says Bitcoin has lost about 108,700 non-empty wallets since October 16.
Bitcoin has remained under pressure below $75,000 despite a strong recovery across US stock markets, prompting economist and longtime cryptocurrency critic Peter Schiff to warn investors that another major crash could be approaching. In a November 10 post on X,…
Fed hike odds reach 84% for December while Bitcoin ETFs shed $1.28 billion. See what a hawkish Fed could mean for BTC.
MARA sold 13,597 BTC for $1.1 billion, repaid $750 million in Bitcoin-backed loans and reported a 35% decline in third-quarter revenue to $164.2 million.
MARA sold 13,597 BTC for $1.1 billion as it faced a 35% revenue decline.
MARA Holdings sold 13,597 Bitcoin (BTC) after the third quarter closed, raising about $1.1 billion. Its Q3 shareholder letter, released Monday, says more sales are expected. That sale equals about 40% of the 34,012 BTC MARA held on September 30.
Altcoin speculation peaked near Bitcoin's $87,100 high, and short-term holders sell most tokens at a loss, Glassnode says.
MARA's reliance on Bitcoin's market value for profit highlights the volatility risk, while diversification efforts may stabilize future earnings.
Trump Media's reliance on Bitcoin for profits highlights the volatility risk in its financial strategy, overshadowing its core business growth.
Altcoin trading volume has stabilized after reaching extraordinary levels, impacting Bitcoin's market position.
Will Strategy continue to accumulate Bitcoin despite the crypto market's recent downtrend?
Michael Saylor’s Bitcoin treasury firm, Strategy (MSTR), stacked $82 million worth of BTC in the past week. The company bought 1,036 Bitcoin at an average purchase price of $79,012 per coin, stretching its total holdings to 850,364 BTC.
MARA posted a $634.4 million Q3 net profit, then sold 13,597 BTC to repay $750 million in loans as it pivots to AI.
Super League's Bitcoin acquisition strategy signals a shift towards becoming a major player in the crypto market, impacting shareholder dynamics.
A $125 billion US Treasury sale opened soft. See why Tuesday's 10-year auction and CPI matter for Bitcoin and stocks.
U.S. stocks rallied as oil fell, but Bitcoin hovered near $75,000 after a wave of liquidations, with Tuesday’s inflation report set to test bets on a December Fed rate hike.
Bitcoin closed below its 50-week moving average after holding it for seven consecutive weeks. This break weakens the scenario of a sustainable recovery, but the billion-dollar long liquidations blur the signal. Part of the decline results from forced deleveraging rather than voluntary selling.
A shift in capital from AI to crypto could stabilize Bitcoin, highlighting the interconnectedness of tech and digital asset markets.
MARA's strategic shift from Bitcoin holding to AI infrastructure investment highlights evolving market dynamics and potential revenue diversification.
Strategy further strengthens its Bitcoin reserve with a new acquisition of 1,036 units. The operation represents 81.9 million dollars and brings its holdings to 850,364 BTC.
Will BTC hold key support or nosedive to $60K?
Bitcoin struggled to recover from a weekend sell-off that pushed its price below $74,000, briefly rebounding above $75,400 before renewed selling pressure erased gains.
Bitfinex has initiated the tokenization of Bitcoin treasury companies, marking a significant development in BTC's market landscape.
Super League Enterprise has bought 16 Bitcoin for roughly $1.23 million, doubling the size of its previous purchase as it continues building a treasury ahead of a proposed investment from Metaplanet. Super League’s Nov. 9 disclosure states that the Nasdaq-listed…
Bitfinex underscores Bitcoin's alignment with Nasdaq trends and economic indicators, signaling potential market implications.
Bitcoin price traded below $75,000 on Monday, November 9, as investors prepared for another inflation test. The cryptocurrency lost more than 4% last week, extending its decline for a fifth consecutive week.
Bitcoin rebounded from an 11-week low near $73,500 as the Nasdaq Composite rallied despite sell-off in Nvidia shares.
Strategy (formerly known as MicroStrategy) shares MSTR fell on Monday as the broader crypto market struggled, even as the company added more bitcoins in the preceding week. The Bitcoin treasury company expanded its holdings with another $81.9 million purchase of the cryptocurrency.
Strive's daily dividend model may attract income-focused investors, highlighting a shift in Bitcoin treasury strategies towards diverse equity offerings.