The Indonesian government is reportedly weighing the use of Bitcoin as a reserve asset, according to Bitcoin Indonesia, which met with officials from the Vice President’s office to pitch the idea as part of a broader national economic strategy. Key Takeaways: Indonesian officials are exploring Bitcoin as a potential national reserve asset. Discussions included using…
Bitcoin is currently undergoing a period of downward movement after briefly setting a new all-time high earlier last month. Over the past week, the world’s largest cryptocurrency has declined by nearly 4%, trading at $113,993 at the time of writing. This represents a drop of approximately 7.2% from the peak price of above $123,000 reached…
Galaxy Digital, a leading digital assets and AI infrastructure firm, today released its Q2 2025 financial results, reporting a notable increase in Bitcoin (BTC) holdings by 4,272 BTC. At the same time, the company has scaled back its exposure to other cryptocurrencies, including Ethereum (ETH), signaling a shift in portfolio allocation strategy. Galaxy Digital Increases…
In his August 5 “Macro Monday” livestream, crypto analyst Josh Olszewicz delivered a review of the market’s late-summer state, arguing that while Bitcoin’s price action has gone quiet, the broader cycle remains intact. “We’re in this pocket of seasonal weakness for August and September that we typically see most years,” he explained, pointing to seasonality…
Following another rejection from the $120,000 region on July 21, Bitcoin (BTC) is now holding steady around the $115,000 level. However, realized price data suggests that BTC’s surface-level calm may be nearing its end. Old Bitcoin Whales Stop Realizing Gains According to a CryptoQuant Quicktake post by contributor Kripto Mevsimi, Bitcoin whale behavior indicates that…
On-chain data shows Bitcoin investors who purchased near the price top are choosing to hold even after the latest pullback. Bitcoin Cost Basis Distribution Shows Supply Still Firm Above $118,000 In a new post on X, the on-chain analytics firm Glassnode has discussed the latest trend in the Cost Basis Distribution Heatmap of Bitcoin. This…
BitMEX co-founder Arthur Hayes has issued a sobering warning to crypto investors, predicting an imminent 19% Bitcoin crash. This foreboding report comes as Hayes significantly reduced his exposure to major cryptocurrencies, sparking uncertainty and doubt in the market. Bitcoin Faces Potential 19% Price Crash On August 2, Hayes took to the X social media platform…
Bitcoin mining difficulty has hit the brakes in 2025. For the first time in the network’s history, difficulty is rising at a slow pace and is on track for its slowest annual difficulty growth rate ever recorded. Signals Of Consolidation In The Bitcoin Mining Landscape Bitcoin mining difficulty has risen by 0.5% since June 1st,…
Bitcoin is undergoing a sharp correction after losing the $115K support level, triggering a wave of uncertainty across the market. Following weeks of consolidation in a tight range, BTC has broken down, fueling debates among analysts about the asset’s short-term direction. Some experts warn that Bitcoin could face further declines as investors take profits and…
Bitcoin is trading at a pivotal level after losing key support zones, triggering concerns among investors about a potential deeper correction. After spending over two weeks consolidating in a tight range, BTC broke down sharply, reaching lows around $112,000. This sudden drop has shaken market sentiment, with some analysts warning of further downside if demand…