This article was updated with new information regarding Iranian media disputes over reports of a completed U.S.-Iran peace deal. Bitcoin price has erased losses triggered by a hotter-than-expected U.S.
Bitcoin rebounded near $63.4K as Iran deal hopes cooled risk-off pressure, while ETF outflows and options data kept $60K support in focus.
Bitcoin (BTC) is trading near $63,000 after briefly falling to around $59,000 earlier this week, raising concerns that the leading cryptocurrency could revisit levels seen in early 2024. According to CryptoQuant, Bitcoin is currently trading only about 9% above its realized price of roughly $53,600.
Metaplanet (TSE: 3350), one of Japans leading bitcoin treasury companies, has announced the acquisition of Siiibo Securities, a Tokyo-based Type I Financial Instruments Business Operator, in a transaction valued at approximately 2.1 billion yen ($13.1 million). The deal represents a significant milestone in Metaplanets long-term strategy to build a comprehensive bitcoin-focused financial ecosystem.
Bitcoin (BTC) has rebounded from recent lows below $60,000, briefly climbing back above the $64,000 mark. While the recovery has sparked optimism among crypto traders, technical indicators suggest it may be too early to confirm the start of a new Bitcoin bull run.
BlackRock is moving closer to launching its highly anticipated bitcoin income exchange-traded fund (ETF) on Nasdaq after filing a Form 8-A registration document with the U.S. Securities and Exchange Commission (SEC). The filing is widely viewed as one of the final regulatory steps before an ETF begins trading, signaling that the new fund could debut within days.
Renowned Japan-based Bitcoin Treasury firm, Metaplanet, announced it has officially signed a deal to fully acquire all shares of a licensed securities firm, Siiibo Securities Co., Ltd.
BlackRock files 8-A for BITA ETF, advancing its Bitcoin income strategy toward Nasdaq listing and public trading launch.
Onchain data shows the bitcoin market price is only just above its realized price and demand is weakening, especially from ETFs.
On-chain metrics show oversold conditions as BTC consolidates near $63,000 this week
Bitwise's Dragosch sees up to 20% more bitcoin downside, with the long-term holder cost basis at $48,000 the "max pain" scenario.
The approximately $13.1 million acquisition gives Metaplanet a regulated securities platform to develop Bitcoin-linked investment products.