Bitcoin volatility remains subdued as supply in profit nears historical bear-to-bull transition level: analysts
The Block7h agoUpdated 6h ago
Smart Read
More than 71% of bitcoin supply is now in profit, approaching a level that has typically marked bear-to-bull transitions, Bitfinex said.
Coins in this story
Discussion
Related stories
CoinTelegraph
Strategy skips Bitcoin buy to repurchase $176M of STRC preferred shares
Strategy repurchased $176 million worth of its STRC preferred stock and doubled the size of its digital securities repurchase program to $2 billion, while pausing on new Bitcoin buys.
CoinTelegraph
Mexico quadruple homicide tied to alleged Bitcoin robbery attempt
Two suspects face a Wednesday hearing over four killings allegedly linked to a crypto wallet believed to hold millions of dollars in Bitcoin.
The Block
Strategy repurchases $176 million of STRC shares, makes no bitcoin purchases or sales
Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $66 billion.
KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.