Prenetics (PRE), a health-sciences company that raised $48 million earlier this year, partially to build a bitcoin treasury, said it decided to stop purchasing BTC amid prolonged weakness in the cryptocurrency market. The company rolled out its bitcoin accumulation strategy in June, following a model… Read More
Bitcoin BTC$87,935.13 whales, or holders with at least 1,000 BTC, have been the dominant buyers since the price of the largest cryptocurrency bottomed near $80,000 at the end of November, according to Glassnode data. They remain the strongest accumulators as bitcoin trades just below $90,000.… Read More
Bitcoin BTC$87,790.06 traded in a tight range on Sunday, as several major altcoins posted stronger gains, despite the broader macro backdrop remaining dominated by a historic rally in precious metals. As of 10:35 a.m. UTC, total crypto market capitalization stood at $3.06 trillion, up 0.8%… Read More
XRP slipped to $1.86 as traders continued to sell into rallies, even as spot ETF demand stayed steady and total ETF-held assets climbed to $1.25 billion — a gap that suggests the market is still digesting supply at key technical levels. News background Institutional appetite… Read More
Spot bitcoin and ether ETFs saw another round of outflows on Dec. 24 as traders moved into the Christmas break with reduced liquidity and a weaker appetite for risk. SoSoValue data showed bitcoin spot ETFs posted $175 million in net outflows on Wednesday, while ether… Read More
Bitcoin BTC$87,981.44 has disappointed investors this year, trailing both gold and the tech-heavy Nasdaq 100 stock index, despite expectations that it would benefit from fiat currency devaluation. But according to a VanEck manager, the largest crypto asset could be setting up for a major comeback… Read More
