Bitcoin is showing a monthly momentum signal that has appeared near several major cycle lows, which raises the possibility that the current correction is entering its final stage. The setup is based on the monthly logarithmic MACD histogram, where previous Bitcoin bottoms formed only when the red bars began fading for at least two straight months.
Elon Musk could soon oversee one of the largest corporate Bitcoin holdings in the public market if Tesla and SpaceX move forward with a potential merger reportedly being discussed internally. According to recent reports, conversations about combining the two companies have gained momentum as collaboration between Tesla and SpaceX continues to expand.
Kalshi shows Bitcoin with 50% odds of falling below $50,000 before year-end as traders grow more bearish during recent market weakness. BTC has remained in red territory, failed to break out from its current range and continues facing pressure from prolonged crypto volatility.
Bitcoin's long-term security model is once again under the spotlight following new data from Glassnode suggesting that the network could face theoretical risks in a future dominated by quantum computing. The report shows that a significant portion of BTC's circulating supply could be vulnerable in the future if quantum technology advances to the point where it can break current cryptographic protections.
With bitcoin down roughly 2.8% over the past seven days and the price touching a weekly low of $74,530 per coin, sleeping bitcoin wallets continue to awaken and relocate long-held funds. At block height 951160, 103.96 BTC valued at $7.8 million at current exchange rates moved for the first time in more than 12 years.
Weakening spot demand, miner inflows to exchanges and freshly opened shorts put downside pressure on Bitcoin price.
Bitcoin whale purchased 873.29 BTC worth $66.24 million despite extended market weakness.
If Tesla and SpaceX merged—as is a reported possibility—then Elon Musk's combined entity would hold billions of dollars' worth of Bitcoin.
This Wednesday, Kraken introduced a Bitcoin Vault. This is a new product under the Kraken Earn lineup. This tool allows users to earn rewards of up to 2.5% in Bitcoin while still maintaining exposure to the price movements of the pioneer cryptocurrency.
A New York man and two corporate entities have filed a massive lawsuit against 39,069 individual digital wallets. The plaintiffs want to be recognized as the legal owners of the wallets and the millions of dollars in cryptocurrency contained within them.
SpaceX has emerged as a potential major public Bitcoin holder as Grayscale Research links the company's planned June listing to its reported BTC treasury Grayscale Research said Elon Musk's SpaceX could rank as the largest publicly traded diversified company with
The miner's $16.8 billion lease base shows how power and BTC-backed debt are financing a move beyond mining.