XRP price extended losses and traded below $1.40. The price is now consolidating losses and faces hurdles near $1.3980 and $1.40. XRP price started another decline and traded below the $1.40 zone. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with […]
Bitcoin treasury firm Strategy and its perpetual preferred stock, STRC, have been the “single biggest factor” in Bitcoin’s recent rally, which has jumped 20% from its February low, according to Bitwise chief investment officer Matt Hougan.Over the past eight weeks, Strategy has added $7.2 billion in Bitcoin, Hougan said in a report published Tuesday. “Yes, there have been multiple drivers of the recent rally, including strong buying from ETFs, $3.8 billion since March 1, and renewed purchases by long-term holders. But Strategy has been the single biggest factor,” he said. Bitcoin has traded between $75,849 and $79,321 over the past seven days, according to CoinGecko. It was trading at about $76,486 as of Wednesday, up 21% from its Feb. 6 low of $62,822.Strategy is the largest publicly listed corporate Bitcoin holder. It bought 3,273 Bitcoin for $255 million between April 20 and April 26, bringing total holdings to 818,334 BTC. Source: LookonchainBitcoin buys are set to continue, analyst saysStrategy typically makes weekly Bitcoin purchases. Its latest buying spree pushed its total holdings past those of global asset manager BlackRock, which holds about 812,300 coins on behalf of its clients.Hougan speculates that Strategy’s purchases will “continue for some time to come,” driven by the issuance of STRC, the company’s perpetual preferred stock, which pays a fixed dividend to investors for as long as the company operates. “Strategy issues STRC because it wants to buy more Bitcoin. Most of the capital raised by issuing STRC is used to purchase BTC on the open market,” he said.Related: 80% of Strategy’s ‘Stretch’ buyers are mom-and-pop investors“With junk bonds yielding less than 7% and investors fleeing private credit, STRC’s 11.5% yield — backed by a more than $40 billion bitcoin cushion — looks particularly attractive. I suspect Strategy will raise billions more through STRC,” Hougan added.Saylor has previously claimed that the company can sustain dividend payments indefinitely if Bitcoin continues to grow. Hougan said that at current prices, Strategy could “hypothetically pay existing dividends for 42 years.” However, if Bitcoin rises by 20% a year, it could “pay the dividends forever.”Strategy could surpass Satoshi soonIf Strategy continues at its current pace, its holdings could surpass those of Bitcoin creator Satoshi Nakamoto within the next two years, according to Alex Thorn, head of research at crypto-focused financial services firm Galaxy Digital.Source: Alex ThornWallets believed to be owned by Nakamoto hold 1.1 billion Bitcoin, representing about 5.5% of the total supply. Strategy would need to buy another 277,666 coins to match Nakamoto.However, Strategy’s Bitcoin purchases have varied significantly. The smallest buy in 2026 was 855 Bitcoin in February, while the largest so far this year was on April 20 with 34,164 coins.Magazine: Should users be allowed to bet on war and death in prediction markets? Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Crypto market analyst Ted Pillows has identified key liquidity zones that could shape XRP’s next major move as the cryptocurrency continues to consolidate in a range. With both bullish and bearish positions building, the setup points to rising tension among traders and investors as they attempt to predict XRP’s future price action. XRP Forms Liquidity […]
The legendary cryptographer discusses institutional money flows into bitcoin.
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On April 28, Chainlink returned to the spotlight with on-chain data showing a big outflow of tokens from exchanges. The market reaction was muted. LINK has traded between $9.20 and $9.23 over the last 24 hours (down 0.93%), with price action held within a narrow range. That left traders with two messages: a strong outflow […]
A new leveraged BNB ETF began trading in U.S. markets as XBNB launched with 2x daily exposure, giving short-term crypto traders regulated access to amplified price swings while raising risks tied to volatility and daily resets. Key Takeaways: XBNB offers 2x daily exposure to BNB through a regulated ETF structure. Teucrium is expanding its leveraged […]
PUMP token rallied by more than 6% over the past 24 hours after Pump.fun burned roughly $370 million in tokens, defying a downturn that pulled major large-cap assets lower. Pump.fun (PUMP) Price Performance. Source: BeInCrypto Markets The burn removed about 36% of the circulating supply across two on-chain transactions, according to the platform. Why the […]
The situation highlights the tension between political influence and corporate decision-making, with potential impacts on media freedom. The post Trump calls for Jimmy Kimmel’s firing; FCC reviews Disney licenses appeared first on Crypto Briefing.
Ethereum price started a fresh decline and traded below $2,300. ETH is now consolidating above $2,250 and might struggle to recover. Ethereum started a downside correction below the $2,320 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the […]
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