Blockchain analytics powerhouse Arkham Intelligence has blown the lid off one of the most closely guarded secrets in the digital currency space. The firm claims to have tracked down a whopping 98% of MicroStrategy’s Bitcoin stash, pinpointing the whereabouts of approximately 186,000 out of 190,000 BTC. This revelation sheds light on the broader implications of corporate Bitcoin holdings and their management.
Analysts point to the $0.60 mark as a formidable resistance zone for XRP. In the past, this threshold has proven to be a tough challenge, and it is poised to test the cryptocurrency once more. Market watchers are particularly vigilant as the price inches closer to this critical level.
The barrier at $0.60 gains additional strength from the 200-day moving average, an indicator that frequently acts as dynamic resistance during bearish trends. The confluence of the moving average with the resistance level intensifies the obstacle for any aspiring bullish price action. Moreover, the current trading volume around this level does not show signs of significant buying momentum that could propel the price beyond the resistance, hinting at a possible retreat in value. #sanor016CommUNITY #XRP🚀 #Write2Earn
Afterward, the whale purchased 5,150 ETH. The whale is actively buying ETH, not from centralized exchanges but via decentralized protocols. This move shows the trader expects ETH to outperform the digital gold in the session ahead.
Whale on-chain activity | Source: Lookonchain data via X Whale on-chain activity | Source: Lookonchain data via X What could have triggered the whale to accumulate ETH and dump the resurgent Bitcoin is not immediately clear. However, what’s known is that since mid-January, Ethereum has been outperforming Bitcoin in price and various other metrics.
Ethereum’s recent breach of the $2,800 threshold generated buzz in the cryptocurrency market, as the second-largest digital asset by market capitalization exhibited a notable 21% increase over the past 10 days. Despite the surge, Ethereum is currently struggling to maintain its position above this level. The rise is partly attributed to the excitement following Bitcoin‘s recent high and the substantial inflow into Bitcoin ETFs. However, factors like Bitcoin’s volatility and typical weekend trading volume drops are causing Ethereum to wrestle with this key price point. #sanor016CommUNITY #Write2Earn #TrendingTopic #BTC
In December, the exchange said that it was ending the initiative due to its inability to create a lasting impact. At the time, Coinbase said it was splitting the remaining funds between Brink and a charity platform called GiveDirectly, but didn't specify amounts.
Founded in 2020, Brink aims to boost the Bitcoin protocol through research and development, and by supporting the Bitcoin developer community. It offers a fellowship program to onboard new software engineers into Bitcoin development and a grants program for existing Bitcoin developers.
Brink said the funds will be directly used to support its grantees, which are a number of developers focused on the Bitcoin codebase. #sanor016CommUNITY #Write2Earn #BTC
According to recent research, it has become economically unfeasible to carry out a Byzantine Fault Tolerance (BFT) attack on Bitcoin and Ethereum. Hence, anyone attempting to take over control of any of the two blockchain networks would be doing so at a loss. An original hypothesis on the possibility of taking over the Bitcoin and Ethereum blockchain networks suggests that any user controlling 51% of all Bitcoin nodes could dictate the network’s operations. Similarly, with a 34% attack, a user can manipulate the consensus of the Ethereum ledger.
A recent report from CryptoQuant has highlighted a concerning trend related to the actions of Bitcoin miners. The Bitcoin Miners Position Index (MPI) has shown an increase in selling pressure from miners. This reality pointed out by the index has attracted the attention of analysts and brought concerns to the crypto world. #sanor016CommUNITY #BTC
On February 14, a coalition of trade groups, including the Bank Policy Institute, American Bankers Association, Financial Services Forum, and Securities Industry and Financial Markets Association, sent a letter to SEC Chair Gary Gensler with a request. It highlighted the recently approved spot Bitcoin ETFs and noted the absence of American banks as custodians for these products.
The coalition requested that the SEC revisit and consider modifying the Staff Accounting Bulletin 121 (SAB 121), issued in March 2022, providing guidance on accounting for crypto asset custody obligations. They pointed out that it has been two years since the guidance issuance, and significant developments have occurred during this period, including the approval of spot Bitcoin ETFs.
In a groundbreaking announcement, Binance Futures, the foremost and most liquid cryptocurrency derivatives platform, has launched the Futures Ultimate Challenge. This innovative competition beckons participants to engage in a series of contests over four weeks, with the tantalizing prospect of winning a Tesla Model Y and Bitcoin token rewards through accurate Bitcoin price predictions. #sanor016CommUNITY #Write2Earn #TrendingTopic #BTC
In a recent development that has caught the attention of the investment world, the Bitcoin market demonstrated resilience, with prices stabilizing above the $51,800 benchmark. This steady performance has emboldened investors, particularly in light of the Securities and Exchange Commission (SEC) imposing a penalty on VanEck Associates Corporation, a notable spot Bitcoin ETF issuer.
A recent analysis by CryptoQuant indicates a notable increase in sales activity amongst Bitcoin miners, as evidenced by the Bitcoin Miners Position Index (MPI). This index, a key indicator of mining community behavior, points to a higher than usual disposition of Bitcoin by miners, sparking discussions among investors and crypto market specialists. #sanor016CommUNITY #Write2Earn #TrendingTopic #BTC;
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
After a tough year, the crypto market surges, spotlighting DeeStream’s (DST) promising presale.
2022 was not the best year for crypto token holders. Not only did a harsh crypto winter set in, but some big crypto exchanges like FTX filed for bankruptcy, causing people to lose their money. Even bigger than that was the crypto market losing more than $1 trillion dollars, as reported by The New York Times. #sanor016CommUNITY #Write2Earn #TrendingTopic
A coalition of American banks has sent a letter to Gary Gensler on February 14th to notify him of their desire to actively participate in the Bitcoin ETF market. Among the banking institutions forming this alliance are the Bank Policy Institute, the American Bankers Association, and the Securities Industry and Financial Markets Association. #sanor016CommUNITY #Write2Earn #TrendingTopic
The price of 1 Newmillionaire token will reach to $1 million USD. Only 5,000 Tokens in existence and only 3,000 tokens in circulation. You can buy at the presale that is starting today at $20. The Presale will end soon. Ensure you buy 50, 100, 500 or even the 10% which is 500 nexM. These tokens will make you so rich in just 15 days from now.
NexMillionaires token has a target to make 5,000 people to become millionaires in dollars because the price of 1 nexM will hit $1 million USD.
Since commencing its Bitcoin acquisition in 2020, MicroStrategy has accumulated 190,000 bitcoins at an average cost of $31,224 per coin, totaling $5.93 billion. This bold move has not only resulted in substantial profits but also positioned the company as a significant influencer in the cryptocurrency domain. The recent surge in Bitcoin’s price, exceeding 20% since the start of 2024, has doubled MicroStrategy’s profits from nearly $2 billion in December of the previous year to over $4 billion, according to a recent investor presentation. #sanor016CommUNITY #Write2Earn #TrendingTopic #
Renowned author and investment guru Robert Kiyosaki has recently made headlines by labeling the US Federal Reserve as an organization that fosters economic disparity. He suggests that the middle and lower classes are suffering due to the Fed’s monetary policies. Kiyosaki, known for his critical stance on mainstream financial systems, is steering the public towards assets such as gold, silver, and Bitcoin, which he believes empower individuals financially. #sanor016CommUNITY #Write2Earn #BTC #TrendingTopic
Bitcoin has seen a remarkable rally, surging by 35% to $52,000. This upward trajectory has caught the attention of investors, particularly with the impending mining reward halving scheduled for April. The mining reward halving, a process in which the rate at which new Bitcoins are created is reduced by half, is a significant event in the Bitcoin ecosystem and has historically been associated with bullish price movements. #sanor016CommUNITY #Write2Earn #BTC #TrendingTopic #Write2Earn
Bitcoin ETFs continued to experience hundreds of millions in demand a day after setting a historical high for daily net inflows.
According to SoSoValue, spot Bitcoin ETFs marked a 14th consecutive day of net inflows with roughly $339 million on Feb. 14, only $300 million less than the day before. BlackRock claimed the largest inflow of the lot, garnering $224 million, while Fidelity recorded $118 million in net inflows. BlackRock and Fidelity are by far the largest new Bitcoin (BTC) ETF issuers, with $4.8 billion and $3.5 billion, in cumulative inflows since trading was authorized by the U.S. SEC. The two giants command nearly $10 billion in AUM, accounting for over 200,000 BTC acquired by nine issuers for Bitcoin ETFs. #sanor016CommUNITY #BTC #TrendingTopic #Write2Earn
Bitcoin‘s value recently surged past $52,800 but retraced under a significant resistance level, suggesting bears are defending the $52,300 zone against bulls. Amid these fluctuations, industry giants like Genesis report massive sales, while BlackRock and Fidelity’s Bitcoin holdings collectively surpass $10 billion. Meanwhile, MicroStrategy’s extensive Bitcoin reserves appear secure for the long haul, with no immediate signs of liquidation. Market experts anticipate a steady rise in Bitcoin’s value, pinning the available short-term liquidity at only $200 billion. #sanor016CommUNITY #sano016 #BTC #Write2Earn #TrendingTopic
Grayscale has initiated private placement subscriptions for its altcoin trusts while GBTC outflows surpass $100 million once more, marking the first occurrence this week. In response, inflows into alternative Bitcoin ETFs managed by BlackRock and Fidelity absorb the selling pressure from GBTC. #sanor016CommUNITY #sano016 #BTC
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