Analyst reported that long-term holders accumulated 3.06 million BTC over three months, but some older coins are being sold at a loss.
Strategy BTC holdings posted a $1.3 billion unrealized gain, the first profitability after a +$10 billion paper loss.
Truss criticized central banking and defended her mini-budget, suggesting bitcoin and a CPAC UK conference could help push for economic reform.
On April 17th, Bitcoin rose by 2.77%, after Iran declared the Strait of Hormuz commercially open for the rest of its 10-day ceasefire with the US. With the market anticipating further upward movement, an on-chain analysis suggests a retracement could be the next event.
Investor sentiment has shifted 180 degrees in a matter of days. What just a week ago looked like a geopolitical cliff driven by escalating tensions in the Middle East has now transformed into renewed optimism, lifting both traditional risk assets and cryptocurrencies.
Bitcoin just broke through. The cryptocurrency cleared its seven-month downtrend and now traders are talking about $84,000 as the next big level.
Morgan Stanley purchased 177.76 BTC worth $13.75 million, while Spot ETFs recorded $102 million.
The Bitcoin (BTC) price has been displaying significant strength in the past few days and marked monthly highs above $78,000. Currently, the price is experiencing significant upward pressure as it plunges below $76,500.
Bitcoin is testing $75K again, with $200M in shorts clustered above $75.5K. A breakout could trigger a squeeze and accelerate BTC's upside.
Bitcoin is eyeing a major breakout. A weekly close above $78,000 could trigger a massive rally toward the $90,000 mark in the coming weeks.
Spot Bitcoin ETFs recorded their largest weekly inflows since January, signaling a renewed wave of institutional demand, according to data from Farside Investors.
Bitcoin finally breaks through a resistance monitored for months. This breakout ends a bearish sequence established since October and places the market at a technical turning point.