One of the globe's largest economies gets a rulebook that's mainly focused on major cryptos as collateral.
Metaplanet sent 4,750 BTC to Coinbase Prime in a week while Bitcoin trades near $78,000, far under the firm's average acquisition cost of about $96,191.
Supporters of the Bitcoin Knots software plan to launch their own chain on September 1 and to swap the hashing algorithm from SHA-256d to BLAKE2b. For holders that means: move nothing, but check four things.
Russia's new crypto rules start Sept. 1 as Sberbank forecasts $46B in first-year regulated trading and prepares crypto-backed loans.
Bitcoin's ability to extend its August rally has come under a fresh test as analysts have pointed to sustained spot ETF demand as a key requirement for overcoming rising expectations of a September Federal Reserve rate hike.
Bitcoin could be preparing for another move higher after buyers successfully defended key support during a volatile end to August, according to prominent crypto trader DonAlt. Looks like were gonna get another leg up soon, DonAlt wrote on X on Aug. 31, pointing to Bitcoins resilience following a sharp intraday decline.
Bitcoin's price fell to an intraday low of $77,024 following reported military clashes between U.S. and Iranian forces. The cryptocurrency quickly recovered, consolidating near $78,600. Strong August Performance Bitcoin's price appeared to consolidate around $78,000 on the last day of August after the latest direct military exchanges between the U.S.
Bitcoin's technical breakout suggests potential for sustained bullish momentum, impacting trader strategies and market sentiment positively. Katie Stockton monitors improving crypto technicals as Bitcoin clears key moving average.
The 41,252.1 BTC CME position dwarfs Coinbase's 151.62 BTC residual, while any hedge leg could offset a squeeze.
Strive acquired 1,800 Bitcoin for $143 million between August 24 and 28, at an average price of $79,431 per unit. The purchase raised the company's total holdings to 23,156 BTC, positioning it as the fifth-largest publicly traded corporate holder. Strategy also resumed its Bitcoin purchases, adding 4,603 BTC at an average price of $80,318.
The largest cryptocurrency is on track for its best month since 2017, holding above $78,000 even as a hawkish Fed and renewed Middle East conflict drag on stocks and lift crude.
Rising US bond yields challenge Bitcoin's appeal, highlighting broader concerns about fiscal sustainability and risk asset volatility. Bitcoin faces volatility as US bond yields approach 20-year high.