Metaplanet Stock soar 13% After Bitcoin Purchase
This move, announced by Metaplanet CEO Simon Gerovich on August 20, led to a nearly 13% surge in the company’s stock price. Metaplanet, a company based in Japan, has successfully completed its most recent Bitcoin investment strategy by purchasing bitcoins with a value of 500 million Japanese yen. Chief executive officer Simon Gerovich’s announcement about […]
Bitcoin Rally Looms as Miner Capitulation Ends
Bitcoin recently retested $59,000, facing resistance at $62,400, and has since dipped below $60,000. Analysts working for the on-chain analytics platform CryptoQuant report that there is a possibility that Bitcoin is about to experience a new rise. It appears that miners’ capitulation has come to an end, as indicated by the recent signal from the […]
Solana Outflows Hit All-Time High At $39M
This outflow marks the largest for Solana (SOL) investment products, is mainly due to a drop in meme coin trading volumes reliant on SOL. At the end of the previous week, the outflows of Solana (SOL) reached an all-time high of $39 million. This development has occurred amidst broader market fluctuations impacted by recent macroeconomic […]
Goldman Sachs Lowers US Recession Risk to 20%
Goldman Sachs may reduce the recession probability to 15% if the August jobs report, expected on September 6, is favorable. In light of recent data on retail sales and unemployment, economists working for the global investment firm Goldman Sachs have reduced their forecast for the likelihood of a recession occurring in the United States within […]
75% of Bitcoin Has Been Held for Over 6 Months
This marks a significant increase from just a week earlier when around 45% of Bitcoin had been dormant for the same period. The data on the blockchain shows that nearly three quarters of all Bitcoin in circulation have not changed in at least six months. Glassnode’s Hodl Wave chart, which makes use of blockchain data […]