Bitcoin's price found solid ground around $65,000 this week, showing signs that weaker investors are finally throwing in the towel while stronger hands dig in for the long haul.
Collapsed US-Iran negotiations send Bitcoin back to $70K amid a surge in bearish derivatives activity.
This week was a whirlwind of activity in the cryptocurrency world. From Anthony Pompliano's bullish stance on Bitcoin to the potential revelation of Satoshi Nakamoto's identity, there was no shortage of intriguing developments.
MicroStrategy wants more Bitcoin. CEO Michael Saylor just announced plans for another massive purchase as crypto markets swing wildly between $55,000 and $60,000 over the past month.
On Saturday, Anthony Scaramucci used a post on X to describe the whiplash of holding Bitcoin through a run-up to $126,000 and a drop to $72,000, arguing the coin itself is unchanged even as emotions swing with the quote. The comments fit his broader view of bear phases laid out in bear market dynamics, where he has said downturns tend to drag on until investors are drained rather than simply scared.
Price declines drove the bulk of losses as BlackRock added 14,950 BTC during the quarter
Bitcoin is trading around $71k as global markets enter a cautious holding pattern. Investors are closely watching whether the recently announced US-Iran ceasefire will hold and how its resolution might affect broader risk sentiment.
Despite trading 43% below its record, Bitcoin's long-term return was a boon for investor portfolios. Bitcoin's decentralization, simple structure, and scarcity are compelling traits.
According to market analyst Darkfost, Bitcoin's price-based supply distribution is revealing critical zones that could define the asset's near-term trajectory. This latest piece of important on-chain data is offering a clearer picture of where the market may be headed next, following the positive price action observed in early April.
The meeting went well but both parties couldn't agree on the nuclear matter, which is "the only point that really mattered," said Trump.
Michael Saylor, founder and ideologist of Strategy (formerly MicroStrategy), once again stirred the crypto market on Sunday by publishing an updated version of his iconic “orange dots” chart on social media. The post quickly revived speculation about new BTC purchases by the company.
A fake Ledger app on Apple's Mac App Store cost musician G. Love nearly 6 BTC after he entered his recovery phrase into the malicious software.