Cardano founder Charles Hoskinson has offered a more detailed account of the 1,096 BTC linked to the project’s early Isle of Man Foundation, saying the Bitcoin was used around 2016 and 2017 for demands tied to Michael Parsons and an original audit process. Summary Hoskinson tied the 1,096 BTC question to audit work, but Braziel…
Bitcoin rose to its highest level in nearly two weeks on Monday after the United States and Iran announced a peace deal expected to reopen the Strait of Hormuz and ease pressure from energy markets. Summary Bitcoin recovered above $65,500 as the U.S.-Iran deal eased oil and inflation fears across markets. ETF outflows and Strategy’s…
Crypto traders enter June 15 with U.S. data releases and a Federal Reserve decision in focus. Summary Bitcoin climbed above $65,500 as U.S.-Iran deal eased oil and inflation concerns. Markets expect Fed to keep rates unchanged during Kevin Warsh’s first policy meeting this week. Retail sales, housing starts and manufacturing data could shape crypto risk…
“Ships of the World, start your engines. Let the oil flow.” The reopened strait sends oil down, and oil down is the first link in a chain that ends at crypto liquidity. Tracing that chain is the difference between trading the headline and understanding it. Summary The Strait of Hormuz reopening matters to crypto because…
Bitcoin has reclaimed $65,000 after oil prices plunged to a two-month low following a reported US-Iran peace agreement that eased concerns over disruptions in the Strait of Hormuz. Summary Bitcoin has climbed nearly 10% from its June low as oil prices hit a two-month low following reports of a US-Iran peace agreement. Technical charts show…
After four months of war, the US and Iran reached a deal on June 14. Bitcoin rose 2%, not 20%. The gap between the headline and the price move is a lesson the market learned the hard way, three broken ceasefires ago. Summary Bitcoin’s muted 2% move was not weakness. It was the market pricing…
Coinbase CEO Brian Armstrong said he remains positive on Bitcoin after another volatile stretch for the crypto market. Summary Brian Armstrong said he remains bullish on Bitcoin and still holds a long position today. Bitcoin rebounded above $65,500 as U.S.-Iran relief lifted crypto market sentiment on Monday for traders. Armstrong said crypto growth now reaches…
Strategy has added 1,587 BTC to its balance sheet, two weeks after its first disclosed Bitcoin sale in years raised questions. Summary Strategy acquired 1,587 BTC for $100 million, lifting total reserves to 846,842 BTC on Monday. The purchase followed a 32 BTC sale that Strategy later described as a process test. Strategy also raised…
Veteran trader Peter Brandt said Bitcoin remains one of the clearest markets for classical chart analysis. Summary Peter Brandt said Bitcoin still follows classical chart patterns better than many other markets. CryptoQuant data suggests whale selling slowed sharply as large holders resumed accumulation near $65,000 again. Bitcoin must reclaim $68,000 with stronger volume before the…
Bitcoin treasury companies may need to revisit their capital structures if Bitcoin remains under pressure, with consolidation becoming more likely across the sector, according to Strive Chief Investment Officer Ben Werkman. Summary Strive CIO Ben Werkman said prolonged Bitcoin weakness could push some treasury companies toward consolidation, particularly those carrying debt funded accumulation strategies. Werkman…
