The mysterious whale of recent days buys 2300 Bitcoins in 5 days
The whale account, which bought 1000 BTC last week when Bitcoin fell below $60,000, and made a new purchase of the same amount on Sunday night, continues its purchases.
Bitcoin News
While its popularity has been on the rise in recent years, Bitcoin remains a subject about which the majority of people still have little knowledge. Uzmancoin.com, since 2017, has been striving to provide its readers with the fastest and most accurate Bitcoin news and content to guide them.
Bitcoin, which was introduced to the market in 2009, is considered by some as a currency, by others as digital gold, and by others as an investment or speculative asset after approximately 11 years. As a highly volatile asset, Bitcoin can serve different purposes for everyone and continues to become more widespread with each passing day.
The most important feature and value proposition of the cryptocurrency, launched in 2009 by the mysterious creator Satoshi Nakamoto, is its decentralized nature. This means that the leading cryptocurrency in terms of market value is not subject to any authority. Bitcoin derives its power from this characteristic. Its production is generally carried out today with specialized hardware known as ASICs, and the supply of Bitcoin is limited to 21 million. Bitcoin can be bought and sold through cryptocurrency exchanges or ATMs.
What to expect from Bitcoin in September? What does history show?
As Bitcoin leaves behind a challenging summer period, expectations for September remain uncertain. In particular, the high probability that the Fed will start interest rate cuts raises price forecasts, while some analysts highlight that September is generally red in colour.
Crypto funds saw outflows totalling $305m last week
Crypto funds, which saw a serious inflow of $543 million in the previous week, made a sharp U-turn last week. Crypto funds had an outflow of $305 million. While $319 million came out of Bitcoin funds, there was a second consecutive week of inflows to ‘short Bitcoin’ funds.
The whale, which bought 1000 BTC last week, bought again in tonight’s drop: Looking for the bottom?
The whale, which bought 1000 BTC at a price of $59,000 in last week’s Bitcoin decline, also made purchases tonight. It is not unnoticed that the whale is waiting for declines for purchases.
Did Nvidia and Elon Musk’s preferred company receive Bitcoin?
The Q2 earnings report of Dell, which was once a computer manufacturer but has started to operate in many areas including artificial intelligence and cloud services in recent years, will be announced this evening after the US markets close. Dell founder Michael Dell has been RTing Michael Saylor’s posts many times in recent months and praising the limited supply of assets without naming names.
IREN achieves a record $184.1 million in annual Bitcoin mining revenue
IREN, formerly known as Iris Energy and known for mining Bitcoin with renewable energy, announced record revenues of $184.1 million in fiscal year 2024. IREN, which announced its balance sheet figures yesterday, has also doubled its mining capacity in the last year, from 5.6 exahash to 10 exahash per second. This figure is expected to rise to 30 exahash in a few months.
Arthur Hayes continues to expect a rise for Bitcoin
Stating that he has been expecting an increase in cryptocurrencies for a long time on his blog, Arthur Hayes stated that he is behind this idea and that he expects serious increases in cryptocurrencies, especially Bitcoin, especially with the Fed’s interest rate cuts. Hayes said, “I expect a very large rise in assets with limited supply, such as Bitcoin.”
Bitcoin and altcoin prices plummet
Bitcoin saw $58,000 with a sharp decline in the night hours. Altcoins suffered deeper losses in value. Bloomberg ETF analyst James Seyffart wrote that he likened the last six-month price movement in Bitcoin to the period between mid-2019 and early 2020.
Bitcoin index options approval from Nasdaq to SEC
US-based stock exchange and index provider Nasdaq has filed for Bitcoin index options with the SEC. Nasdaq’s index option will follow the CME CF Bitcoin real-time index price.
Popular analyst Willy Woo calculates $1 million for Bitcoin
Willy Woo, one of the names closely followed by cryptocurrency investors, made a calculation about how much the market value should be for Bitcoin to reach $1 million and shared it on his X account. Woo stated that in order for the largest cryptocurrency to reach a price of $1 million per coin under known and normal liquidity conditions, $5 trillion more must enter the ‘realised’ market value.