Bitcoin Struggles Amid Holder Selling Pressure
$BTC trades at $97,357 with short-term holders absorbing long-term selling pressure, but declining STH SOPR may hinder bullish recovery. • #Update • #Crypto • $BTC • (+3) • →
$BTC trades at $97,357 with short-term holders absorbing long-term selling pressure, but declining STH SOPR may hinder bullish recovery. • #Update • #Crypto • $BTC • (+3) • →
@BlackRock’s IBIT ETF saw $332M outflows, its largest yet, amid ongoing withdrawals since Dec. 20. Bitcoin trades just under $97,000, up 1.5% in 24 hours • #Update • #ETF • @BlackRock • (+3) • ↘
Bitcoin’s hashrate may hit 1 zettahash per second by 2027, pressuring miners to secure cheap energy and efficient equipment amid rising costs and network security growth. • #Update • #Crypto • $BTC • (+4) • ↗
$BTC nears $100K, trading at $98,320, as @Ali_Charts notes a -0.23% Coinbase Premium Index and 48,000 BTC withdrawals signal bullish sentiment. Sustaining above the 50-day MA is crucial for continued growth. • #Update • #Crypto • $BTC • (+4) • ↗
Bitcoin’s 16th anniversary highlights its challenge to fiat currency by anchoring value in cryptography and mathematics, contrasting with government-controlled fiat systems. • #Update • #Crypto • $BTC • (+4) • →
@MicroStrategy plans to raise $2B for more $BTC purchases via public offerings of preferred stock, aiming to strengthen its balance sheet and expand Bitcoin holdings. The decision is subject to market conditions and may not proceed. • #Update • #Crypto • @MicroStrategy • (+4) • →
$BTC outperformed gold and major indices in 2024, doubling its price to trade between $95k-$97k despite volatility; Trump’s election win contributed to favorable conditions. • #Update • #Crypto • $BTC • (+4) • ↗
@MicroStrategy considers a $2B perpetual preferred stock offering to buy more $BTC but may delay if market conditions aren’t favorable this quarter • #Update • #Crypto • @MicroStrategy • (+4) • →
Ether’s leverage ratio hits 0.57, over double $BTC’s 0.269, signaling increased risk-taking in the futures market and potential for higher volatility. • #Update • #Crypto • $ETH • (+4) • ↗
US accounts for over 40% of global Bitcoin hashrate, sparking debate over the pseudonymous and geographically distributed nature of $BTC mining. • #Update • #Crypto • $BTC • (+3) • →
Bitcoin mining difficulty reached a record 109.78 trillion hashes, marking 16 years since $BTC’s Genesis Block was mined, enhancing network security as the biggest cryptocurrency enters 2024. • #Update • #Crypto • $BTC • (+5) • ↗
Steno Research forecasts $BTC at $150K and $ETH at $8K by 2025, driven by institutional interest and crypto ETFs’ growth, signaling potential market expansion. • #Update • #Crypto • $BTC • (+6) • ↗
@BitconeMine offers easy $BTC earnings via cloud mining, highlighting the crypto market’s growth potential in 2025. • #Update • #Crypto • @BitconeMine • (+4) • ↗
Bitcoin’s hashrate hit an all-time high of 1,000 EH/s on Jan. 3 as miners expanded capacity, marking a significant milestone for $BTC network security and mining activity. • #Update • #Crypto • $BTC • (+4) • ↗