Metaplanet issues $50M in zero-interest bonds to fund more Bitcoin purchases after raising its holdings to 40,177 BTC.
Bitcoin's rally above $75K stalled as short-term holders sent 65,000 BTC to exchanges, turning profit-taking into the main barrier to a breakout.
According to analysts, a sustained break above $80,000 for BTC would be more convincing if it happens while optimism is dialed back slightly.
Metaplanet has issued 8 billion yen, or about $50 million, in zero-interest bonds to fund additional bitcoin purchases.
Rapid deterioration on the 7DMA basis highlighted that the market was unwilling to pay a premium to stay long anymore.
Riot Platforms, one of the industry's largest publicly traded Bitcoin miners, has extended its selling spree.
U.S. spot Bitcoin (BTC) exchange-traded funds extended their run of 'net inflows' for an eighth consecutive session on Wednesday, underscoring resilient institutional demand even as daily allocations cooled from the prior day's pace. According to data compiled by SosoValue, U.S.-listed spot Bitcoin ETFs recorded $223.21 million in net inflows on April 23 (ET).
Aging Bitcoin supply shifts profitability metrics as newly classified holders face unrealized losses
Crypto analyst Michaël van de Poppe says Bitcoin is clearly bullish. In a series of posts on X, van de Poppe downplays market jitters, pointing to strong momentum and supportive lower-timeframe technical indicators as signs that the trend is strongly intact. “There's no need to stress, markets are eagerly going up for Bitcoin.
Bitcoin is encountering resistance as geopolitical instability and fresh Japanese economic indicators create headwinds across global financial markets.
VerifiedX launched Prism, a Bitcoin privacy layer using zero-knowledge proofs to enable shielded transfers with selective disclosure for compliance.
MicroStrategy is pushing a new narrative around Bitcoin, with CEO Phong Le detailing how the firm is building a yield-driven system around BTC.