Author: Digicoinvision
Key points:Bitcoin’s classic Mayer Multiple metric is far from overheated despite price being inches from all-time highs.BTC price action could enjoy a “new upward impulse” as a result, says analysis from a popular CryptoQuant contributor.October 2025 is gaining favor as the point of the next bull market top.Bitcoin (BTC) is “undervalued” despite staying near all-time highs, according to new analysis of a classic BTC price metric.In an X post on Tuesday, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, revealed promising signals from Bitcoin’s Mayer Multiple.Bitcoin Mayer Multiple “significantly below overbought thresholds”Bitcoin may be circling $108,000 after 90%…
Shares of major South Korean banks surged following trademark filings for stablecoins, signaling growing institutional interest in digital assets. According to Google Finance data, at least three South Korean banks that recently applied for Korean won stablecoin trademarks saw their stock prices increase by 10% to almost 20%. The market reaction suggests investor optimism around the banks’ potential entry into the cryptocurrency sector.The filings came shortly after the inauguration of the country’s 21st president, Lee Jae‑myung, on June 4. His campaign included crypto-friendly promises, including the development of a Korean won-pegged stablecoin.South Korean bank stocks surge amid stablecoin hypeData from the…
Bitcoin’s price is coasting along at $108,832 to $109,067 today, marking continued strength in its ongoing recovery trend. With a market capitalization of $2.16 trillion and a 24-hour trading volume of $23.73 billion, bitcoin fluctuated within a tight intraday range of $107,591 to $109,067. Bitcoin The 1-hour BTC/USD chart illustrates a short-term recovery following a […]
Bit Digital has officially pivoted to a fully Ethereum-based treasury strategy, dumping its remaining Bitcoin holdings in favor of the world’s second-largest cryptocurrency. According to a press release on July 7, the Nasdaq-listed company has sold about 280 Bitcoin (BTC) and now has about 100,603 Ethereum (ETH), making it one of the biggest institutional Ethereum holders in the world. The strategic pivot follows Bit Digital’s $172 million public offering in June, the proceeds of which were used exclusively to purchase Ethereum. The company already held 24,434 ETH as of March 31, 2025. With its recent acquisitions, it has now quadrupled…
Key points:Bitcoin is facing selling near $110,500, but the bulls are expected to aggressively defend BTC price at its key moving averages.XRP is trying to break above its immediate overhead resistance level.Bitcoin (BTC) continues to face selling near the $110,500 level, indicating that the bears are vigorously defending the level. A positive sign in favor of the bulls is that they have not allowed the price to dip below the moving averages. That suggests the bulls are hanging on to their positions and not hurrying to book profits.Analysts point out that the bands in the Bollinger Bands indicator are getting…
Strategy (previously MicroStrategy), the Bitcoin proxy firm co-founded by Bitcoin bull Michael Saylor, has made headlines once again on Monday, but not for its usual Bitcoin acquisitions, but for its notable absence of purchases during the week of June 30 to July 6. This marks the first time since late March that the largest corporate holder of BTC has not added to its impressive treasury, which currently stands at 597,325 Bitcoin, valued at approximately $64.71 billion. Strategy Bitcoin Investment Hits A Pause The lack of activity in Bitcoin acquisitions is surprising, especially given Strategy’s aggressive purchases over the past few…
Join Our Telegram channel to stay up to date on breaking news coverage German banking giant Sparkassen-Finanzgruppe plans to give its more than 50 million customers access to crypto trading by the summer of 2026. According to a June 30 Bloomberg report, a bank already involved in crypto and owned by Sparkassen, called Dekabank, has been selected to manage the new crypto service through the Sparkasse app. The product targets “self-determined” investors looking for direct access to digital assets. Sparkassen-Finanzgruppe Still Sees Crypto As Highly Speculative Executives at the bank had previously ruled out crypto-related services and expressed concerns regarding…
After achieving its highest weekly close to date, Bitcoin (BTC) is now attempting to confirm two crucial levels as support before continuing its rally to new highs. Some analysts have suggested that the cryptocurrency may be experiencing a “calm before the storm” phase. Related Reading Bitcoin Set For Key Support Confirmations Bitcoin managed to close above two crucial levels over the past few days, recording its highest weekly close in history. Last week, the flagship crypto positioned itself for a reclaim of its final major weekly resistance around $109,000 after nearing this area for four days. On Sunday, BTC surged…
The Eleventh Circuit Court of Appeals on July 3 vacated the Northern District of Florida’s 2023 order upholding the Treasury’s sanctions against Tornado Cash and instructed the lower court to dismiss the case. The one-page mandate ends the Coin Center v. Yellen appeal, the only remaining case over OFAC’s August 2022 designation of the Ethereum-based privacy mixer. The Northern District of Florida must enter a short dismissal on remand to implement the appellate mandate. No party has announced an intention to seek Supreme Court review of the vacatur order; doing so would require a fresh appeal from a new judgment, which the delisting…
U.S. Treasury Secretary Scott Bessent is confident that people around the world are going to choose stablecoins over central bank digital currencies (CBDCs). In a new interview with Bloomberg, Bessent says the stablecoin sector creates an “exciting new payment rail.” “And importantly, it will be a source of demand for the US Treasury market, because if you think about it, in terms of preference globally, would you rather have a private stablecoin that’s backed by US Treasuries with US best practices and regulation, or would you rather have an [European Central Bank] or [People’s Bank of China] central bank digital…