Wall Street futures barely moved as investors waited for earnings from Tesla, Alphabet and other major companies. Asian markets were mixed, with South Korea's Kospi jumping more than 5% while Hong Kong slipped.
Over 90% of votes cast supported the liquidation of reserves and the exit from the UK stock market. The company holds a total of 668 BTC, valued at approximately $43.5 million at the time of the announcement.
Bitcoin (BTC) is showing renewed bullish momentum after recovering from its sharp June decline, with the leading cryptocurrency trading around $66,300. The recent rebound has helped Bitcoin establish a pattern of higher lows, signaling that buyers are gradually regaining control and improving overall market sentiment.
Bitcoin's macro bottom thesis strengthens, but liquidity still tells a different story.
The UK Bitcoin treasury company raised $218 million less than a year ago. Now it's returning whatever is left.
Bitcoin's shrinking supply is increasing the market's reliance on fresh demand.
Satsuma Technology shareholders voted overwhelmingly to liquidate the London-listed company, sell its remaining 668 bitcoin and return capital to investors after a treasury strategy unraveled under falling asset values, a collapsed share price, and mounting pressure from backers. A 90.6% Vote Ends the Experiment The July 21 vote drew 90.
BlackRock CEO Larry Fink expressed renewed optimism about financial markets over the coming year, while also offering a more constructive assessment of Bitcoin, saying the cryptocurrency market has become more stable following the removal of excessive leverage.
Despite whale transfers, Bitcoin's bullish momentum strengthened, climbing above $66K with indicators signaling further upside.
Bitcoin price has retreated from nearly $67,000 after escalating U.S.-Iran hostilities pushed oil prices higher and tempered optimism created by progress on the CLARITY Act. According to data from crypto.
Falling exchange balances hint at long-term holding as Bitcoin price stays firm
The looming threat of quantum computing to Bitcoin's security has long worried developers and investors. A sufficiently advanced quantum machine could use algorithms like Shor's to derive private keys from exposed public keys, potentially allowing attackers to seize funds from vulnerable addresses.