Aurelia Butler

Saylor captioned an AI-generated image of him holding a physical BTC with the words: “Everyone is going to want your Bitcoin.”It is interesting that this post collides with a significant milestone for the leading cryptocurrency, as today marks 16 years since Satoshi Nakamoto announced in 2009 that Bitcoin would have a hard-capped supply of 21 million.Currently, the supply of Bitcoin in circulation is estimated to be around 19.8 million, with the full supply set to be unlocked in 2140, according to Nakamoto’s algorithm.However, with the Bitcoin creator disappearing from the internet with allegedly one million BTC and many coins believed to be locked away forever in forgotten wallets, many believe that 21 million BTC will never be recovered.This highlights the fact that Saylor and MicroStrategy hold approximately 447,470 BTC, making them one of the largest corporate holders of Bitcoin. It is, indeed, a race where everyone wants their piece of the cryptocurrency pie, and as Saylor continues to buy BTC for eight weeks in a row, his desire is becoming a reality.This article was originally published on U.Today More

Glassnode’s post implies that some Bitcoin holders are selling, regardless of how long they have held onto the coin. This explains the current sell-off in the broader cryptocurrency market, a shift from the trend in December 2024, when the market experienced net accumulation.Analysts consider this a bearish sentiment as more investors seek to lock in profits. This could signal a downturn in the market that might extend the current price slump.As of this writing, Bitcoin is exchanging hands at $95,248.89, representing a 4.68% decline in the last 24 hours. The trading volume has registered an uptick of 46.66% to $69.99 billion, signaling increased activity on the market.Kiyosaki also highlighted the decreasing volume of Bitcoin left to be mined as less than two million. This emphasizes the need for investors to accumulate the asset now that the price has experienced a temporary decline.However, a Bitcoin critic, Peter Schiff, holds a different perspective on Bitcoin’s price action. He foresees a crash soon after buyers realize the U.S. government will not buy the coin.This article was originally published on U.Today More

The Dogecoin’s founder’s statement that “bitcoin ate some fast food” might playfully imply that the leading cryptocurrency experienced a quick dip, much like indulging in fast food.His comment comes amid a broader market sell-off that has seen significant liquidations across various digital assets.At the time of writing, the overall crypto market capitalization was down 6.28% in the last 24 hours to $3.35 trillion, per CoinMarketCap. Bitcoin was down 5.61% in the last 24 hours to $95,607. Most other major cryptocurrencies slid as well, with Ethereum down 8.3% and Dogecoin off almost 12%.Bitcoin reached a high of $102,735 on Monday for the first time since Dec. 19, but its return above $100,000 was short-lived. On Tuesday, Bitcoin fell the lowest in more than two weeks, reaching a low of $96,105, joining a sell-off in U.S. stocks as fresh economic data drove Treasury yields surging.A better-than-expected Institute for Supply Management report on U.S. service providers contained a price-paid measure that reached its highest level since early 2023, while other data showed that U.S. job openings surged more than predicted.Bitcoin continued its losses on Wednesday, reaching an intraday low of $95,222 at the time of writing, dropping below the daily SMA 50 at $97,689, where it traded in late December before beginning to rebound at the start of 2025.On the macroeconomic front, investors are awaiting labor market data scheduled for Wednesday, as well as the minutes from the Federal Reserve’s December meeting.This article was originally published on U.Today More

The financial commentator argues that once the U.S. government fails to buy Bitcoin, these investors will engage in massive sales of their holdings. Such a scenario would result in the market being flooded with the coin and a corresponding price decline.Schiff predicts that such an occurrence could compel MicroStrategy to accelerate its leveraged position in the asset. Michael Saylor, executive chairman of the business intelligence firm, has invested heavily in BTC using company funds, usually through leveraged trading. Therefore, he might continue to borrow to support large purchases to prevent a market and price crash.However, Schiff predicts that the BTC price will only stabilize temporarily despite this strategy, as it is highly unsustainable. He warns that it could lead to a more massive crash in the long term, possibly starting with MicroStrategy’s stock (MSTR).He insists that MSTR will crash first due to its heavy reliance on Bitcoin. Once that trigger is pulled, Bitcoin will naturally follow as the broader market reacts.As of this writing, the BTC price was exchanging hands at $95,715, representing a 5.55% decline in the last 24 hours. The asset had soared to a high of $101,455.86 in Tuesday’s trading session before being hit by market volatility.This article was originally published on U.Today More

This moment in 2009 introduced the world to a system that would forever change perceptions of money. Nakamoto detailed a methodical and finite issuance process, ensuring that Bitcoin’s total supply would never exceed 21 million. The coins will be distributed to network participants as rewards for validating transactions, with the issuance halving every four years. This carefully planned progression — 10.5 million coins in the first four years, halving to 5.25 million in the next and so on — was designed to taper off until the final Bitcoin is mined sometime around 2140.Back then, Bitcoin had no price. It existed only as an idea, a digital experiment discussed among a small group of enthusiasts. Fast forward to today, and the concept has evolved into a global asset valued at nearly $2 trillion. Among Bitcoin’s most compelling traits is this very supply cap — unchanging and immutable — making it an outlier in a world of unlimited fiat currency printing.Yet, the theoretical supply and the actual circulating amount diverge. Satoshi Nakamoto, who disappeared years ago, is believed to have mined around one million Bitcoin in the early days. These coins have never been moved and are considered lost to time.Similarly, countless other early coins remain inaccessible in forgotten wallets or due to lost keys. While the ledger records approximately 19.8 million BTC in circulation today, the functional supply is almost certainly lower.This article was originally published on U.Today More

Needless to say, the last few days have been rough for BTC enthusiasts, as the price once again lost its six-figure valuation, and amid the worst stock market drop since September, crashed to as low as $94,500, losing over 6.5% in just three recent days. We are talking about one of the largest assets in the world, with a market capitalization of nearly $2 trillion. In his latest outlook, Brandt talked about how price charts are always changing. He mentioned that patterns shift depending on the time frame, whether intraday, daily or monthly. The main trend for Bitcoin is still up, but Brandt said that the current daily charts are showing a possible head-and-shoulders pattern. If that happens, it could lead to more price drops, maybe even down to $73,000.But, as with any technical analysis, there is a lot of uncertainty. While chart patterns can spot potential market opportunities, they are not always right. So, while there is a chance that the current pattern could change into something else, which might keep the price from going down too much, there is also a chance that it could keep going down.As can be seen on a chart Brandt attached to the post, Bitcoin’s price action is really in a bit of a conundrum right now. On the one hand, a confirmation of the head-and-shoulders pattern could lead to a further drop to as low as $73,000 per BTC. On the other hand, the chart of Bitcoin to Purchasing Power of the Consumer Dollar in US City Average (CUUR0000SA0R) reflects the upward trajectory for the leading cryptocurrency. Bitcoin outperforming this measure signals a divergence between its value trajectory and the eroding purchasing power of the dollar.This article was originally published on U.Today More