Latest news with #BitcoinBTC
Yahoo
15-07-2025
- Business
- Yahoo
Bitcoin Rally Stalls as Long-Term Holders Cash Out
Bitcoin BTC retreated from Monday's record high of $123,000 to trade below $117,000, about 5% below the peak, as investors locked in gains earned during the weekend rally in one of the largest profit-realization events for bitcoin this year. Glassnode data shows that investors collectively realized $3.5 billion in profit over the past 24 hours, with the majority going to long-term holders — defined as those who bought more than 155 days ago, who accounted for 56% of the total. The largest cryptocurrency's rapid rally from $108,000 to $123,000 left a notable supply gap because the swift price action meant little trading activity occurred in the $110,000 -$116,000 range. Glassnode's UTXO Realized Price Distribution (URPD) sheds light on the move. It measures the so-called unspent transaction outputs (UTXO), which capture the prices at which bitcoin was bought and not sold. It represents the prices at which BTC is currently being held across the Bitcoin blockchain. Each bar in the chart shows the amount of bitcoin that last moved within a specific price range. The entity-adjusted version of this data show above accounts for the average purchase price of each entity's full balance and excludes internal transfers between addresses owned by the same entity, which do not represent genuine market activity. It also filters out supply held on exchanges, because aggregating millions of users' funds into a single price point would create distortions in the data. With minimal supply sitting between $110,000 and $116,000, as shown by the dip at the right-hand side, the market remains vulnerable to sharp moves in either direction. Sign in to access your portfolio
Yahoo
08-07-2025
- Business
- Yahoo
BTC-Only VC Ego Death Capital Closes $100M Fund for Projects Building on Bitcoin
Venture capital firm (VC) firm ego death capital, which focuses on Bitcoin BTC (and Bitcoin only)-based projects, has closed its second fund, totaling $100 million. Ego death capital's Fund II will lead Series A investments of between $3 million-$8 million backing projects building on Bitcoin to solve real-world problems, according to an emailed announcement on Tuesday. 'We're investing in businesses that treat Bitcoin not as a trade, but as infrastructure - something to build on, not bet on,' ego general partner Lyn Alden said in a statement. Ego's existing portfolio companies include bitcoin self-custody application Relai and bitcoin-built securities exchange Roxom. By focusing exclusively on projects building on the world's original blockchain, ego said it is trying to appeal to investors who want to cut through the hype of different chains and tokens and focus solely on the oldest and most established crypto that still consistently constitutes over 60% of the $3+ trillion digital asset industry. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Bitcoin Rises Past $107K as FHFA's Pulte Orders Crypto Consideration in Mortgage Applications
Bitcoin BTC continued its gentle rise on Wednesday as Fannie Mae and Freddie Mac — which play a pivotal role in issuing mortgages to U.S. homeowners — were ordered by the William Pulte, Director of the Federal Housing Finance Agency (FHFA), to prepare to accept cryptocurrencies as part of applicants' assets. Back above $107,000, the top cryptocurrency is up 2.2% in the last 24 hours, and outperforming the CoinDesk 20's 0.5% advance. Bitcoin Cash (BCH) was a notable outperformer, rising 7.4%. Alongside, BTC's dominance keeps going up, now with almost 66% of the total crypto market value now parked in the orange coin, up from 39% in November 2023. Today's move may be partially due to FHFA Director William Pulte sharing on social media that borrowers would soon be able to take advantage of their crypto holdings for loan purposes. "This is important on two levels," Strive CEO Matt Cole posted on X. "[It] makes it substantially easier for holders of bitcoin to purchase a house without selling their bitcoin. [And] the U.S. government is taking Bitcoin risk on its own book as the U.S. government implicitly guarantees Fannie/Freddie mortgage loans." The ceasefire secured by Trump between Israel and Iran may also be pushing bitcoin's price higher, despite the asset's reputation as a potential safe haven investment. 'Gold likes war, while bitcoin prefers peace,' said Charlie Morris, founder of financial services firm ByteTree. 'Gold peaked ahead of hostilities in the Middle East, while bitcoin sank. Once it seemed likely that military actions were contained, bitcoin rallied, and gold dropped back.' Crypto stocks, meanwhile, have remained relatively subdued, with the notable exceptions of bitcoin miner CleanSpark (CLSK), up 6.7%, while fellow miner CoreWeave (CORZ), slid the same amount. There was also Circle (CRCL), which declined another 11% today and is now down by about 33% since peaking Monday just shy of $300 per share. At the current $198.62, the stock is still up more than six-fold from its IPO price of $31.
Yahoo
12-06-2025
- Business
- Yahoo
Bitcoin Miner IREN to Raise $450M From Convertible Debt Offering
Bitcoin BTC and AI data center operator IREN plans to raise $450 million through a private sale of convertible senior notes, the company said in a press release. The notes, due in 2029, will be offered to qualified institutional buyers and could expand by another $50 million if initial purchasers take up an optional allotment. The unsecured notes will pay semiannual interest and can be converted into IREN's ordinary shares under certain conditions. The company has the option to redeem the notes starting in mid-2028 if its stock trades at 30% above the conversion price for a set period. IREN said it intends to use the proceeds for a pair of financial strategies meant to offset potential equity dilution and market risk. These are capped call transactions and a prepaid forward share repurchase. These hedges are designed to reduce the impact of future note conversions and may support the company's share price by limiting the number of new shares issued. 'If, however, the market price per ordinary share of IREN, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments,' the firm wrote. Earlier this year, IREN called off its bitcoin mining expansion to favor AI data centers. Its shares are down 6.8% ahead of the opening bell. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
U.S. CPI Rose Softer Than Expected 0.1% in May, Sending Bitcoin Higher
There was good news on the U.S. inflation front in May as both the headline and core rates of the Consumer Price Index rose less than forecast. The CPI rose 0.1% in May, according to the Bureau of Labor Statistics. Economist forecasts had been for 0.2% and April's pace was 0.2%. On a year-over-year basis, the CPI climbed 2.4% against estimates for 2.5% and April's 2.3% Core CPI, which strips out the volatile food and energy categories, rose 0.1% last month versus forecasts for 0.3% and 0.2% in April. Year-over-year core CPI was 2.8% versus an expected 2.9% and 2.8% in April. Bitcoin BTC rose about 0.6% in the moments following the news, trading at $109,800, up 0.3% over the past 24 hours. Despite continued uncertainty around inflation's trajectory, the market remains confident that the Federal Reserve will begin easing policy later this year. According to the CME FedWatch Tool, traders are fully pricing in two rate cuts, with the first expected in September and the second in December. For the moment, this morning's fresh data hasn't changed that calculus. A check of traditional markets finds U.S. stock index futures reversing earlier declines and now in the green by about 0.4% across the board. The 10-year Treasury yield is lower by five basis points to 4.45%. Sign in to access your portfolio
