BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low
While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021.…
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Anchor protocol’s reserves head toward depletion due to lack of borrowing demand
With too many depositors chasing high yields and a lack of borrowers, Anchor interest rates appear to have become unsustainable.
Bitcoin Treasuries List Claims 59 Companies and a Handful of Countries Hold 1.49 Million BTC
304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there…
$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price
BTC bulls are looking at a $300 million loss after last week’s 11.5% correction set them up as the losers of Dec. 10’s $1.1 billion options expiry.
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings announced the firm will raise $500 million from convertible senior notes in order to accrue more “bitcoin or bitcoin mining…
As the Crypto Economy Nears $3 Trillion, Top 10 Crypto Exchanges Hold Over $206B, More Than 7%
The crypto economy has come awfully close to nearing the $3 trillion handle as far as the value of all 10,000+ crypto assets is concerned. Today, crypto market aggregation sites…
Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially…