Saylor's bullish Bitcoin outlook suggests potential financial innovation and increased institutional confidence, impacting broader market dynamics. Michael Saylor says Bitcoin's slump is over and predicts a return above $100,000.
The claimants cite more than $671 million in judgments against Iran, but no ruling awarding them any portion of the Bitcoin was identified.
95 victims and family members are seeking legal rights to 127,271 Bitcoin held by the U.S. government in a civil forfeiture case. The claimants hold court judgments exceeding $671 million against Iran over its alleged responsibility for deaths linked to the September 11 attacks.
A wallet that received 4,581 BTC in March 2020, worth about $40 million then, moved its stash today when it was worth about $377 million.
More than 170,000 traders were affected as South Korea's KOSPI fell 5.46% amid a semiconductor selloff.
Bitcoin rebounded above $83,000 on Tuesday despite a sharp Asian stock selloff, as cryptocurrency liquidations exceeded $800 million. BTC recovered after briefly slipping below $81,000, while semiconductor shares continued a deepening rout that sent South Korea's benchmark KOSPI index down 6%.
Strive bought 3,311 bitcoin between Oct. 5 and Oct. 9, lifting its treasury to 32,773 BTC, a stack that sits about 7% below the $2.93 billion it cost.
Saylor said Bitcoin is in the early stages of a bull market, has moved above $80,000 and could grow 20% to 30% annually over the next several years.
The High Court in London decided that Chinese law governs victims' claims to 61,000 BTC seized from Zhimin Qian, a ruling that helps the UK keep the coins.
Large holders are accumulating as U.S. spot Bitcoin ETF flows turn positive, while borrowing rises among users with more than $10 million in Bitcoin-backed loans.
Bitcoin falls below $83K as spot ETFs lose $773M over four sessions. Traders brace for U.S. CPI data and potential Fed rate changes.
The Nasdaq-listed asset manager increased its holdings to 32,773 BTC as of Oct. 9 after buying at an average price of approximately $84,500 per coin.