The merger of Strive and Semler Scientific consolidates their holdings into a $1.2 billion Bitcoin treasury, holding 10,900 BTC. The new entity now ranks among the top tier of corporate Bitcoin holders while weighing what to do with Semler’s profitable healthcare diagnostics arm. Summary Strive said it will merge with Semler Scientific in an all-stock…
Strategy continues to underperform Bitcoin, despite doubling down on BTC purchases Summary Saylor announced the purchase of an additional 850 BTC for $99.7 million Strategy’s Bitcoin reserves reached 639,835 BTC, worth $73.92 billion Despite this accumulation, MSTR stock fell 5% over one month, while Bitcoin fell 1.45% Michael Saylor’s Strategy is doubling down on Bitcoin…
The ongoing crypto market crash could worsen in the near term as the Bitcoin price flashes at least three risky patterns on the weekly time frame chart. Summary Bitcoin price has formed a rising wedge pattern on the weekly chart. It has also formed a bearish divergence pattern, pointing to a crash. Such a crash…
Crypto prices opened the week under pressure, with traders turning cautious about Uptober as top tokens slide from recent highs. Summary Crypto prices have dropped 5.6% in the past four days, wiping out $230 billion in market value. Bitcoin slipped from $117,000 to $112,000, while Ethereum and Solana fell sharply. Profit-taking after recent rallies has…
The crypto community experienced a massive wipeout after major tokens like Ethereum and Bitcoin began falling out, with long liquidations surpassing $1 billion in the past one hour of trading. Summary Long liquidations in the crypto market have led to one of the largest mass liquidations in the cycle, surpassing $1 billion in just one…
Bitcoin price is once again under pressure as weakening technicals and on-chain fatigue weigh on the market. The decline comes amid signs of capital rotation into altcoins, adding to pressure on the flagship cryptocurrency. Summary Bitcoin price has again fallen below $113,000, down 2.5% on the day On-chain data shows profitability exhaustion and weakening BTC’s…
Metaplanet has bought 5,419 more Bitcoin, taking its total holdings above 25,500 BTC and cementing its role as Asia’s largest corporate holder. Summary Metaplanet acquires 5,419 BTC for $627M at $115.9K average price. Total reserves rise to 25,555 BTC worth $2.67B. Firm targets 30K BTC by 2025 and 210K BTC by 2027. Metaplanet has announced…
Solana co-founder Anatoly Yakovenko has warned that Bitcoin developers must prepare for a potential quantum computing breakthrough that could render the network’s current security measures outdated. Summary At the All-In Summit, Solana co-founder Anatoly Yakovenko reignited debate over Bitcoin’s long-term security. There’s a “50/50” chance that quantum computers could break its cryptographic defenses within five…
BitGo IPO, Dogecoin ETF debut, FTX distributes $1.6b to creditors | Weekly Recap
Bitcoin’s price is approaching a critical resistance level at $118,000, which aligns with the point of control of the current trading range. A break above this level could trigger a cascade of short liquidations, potentially propelling the price to new all-time highs. Summary $118K Resistance: Key point of control from current trading range. Short Squeeze Risk: Liquidations…
