HODL | Crypto

Bitcoin has done what many bulls dreaded: it plunged below six figures, crashed through $100,000, and even tumbled past $98,000 in a wave of liquidations not seen since May. As reported by CryptoSlate, BTC fell to $98,550, triggering $190 million in long liquidations in one hour and $655 million in 24 hours as spot ETFs […] The post Bitcoin tests the $95k HODL wall after cascade knocks out $655M from bulls appeared first on CryptoSlate.

No one has a crystal ball, but if Bitcoin continues to behave according to its past cycles, then we’ve most likely already reached the peak. Bitcoin printed an all-time high on Oct. 6, but it failed to extend the move as the post-halving clock approaches the peak zone seen in prior cycles. The 2024 halving […] The post Hodl or take profits? Bitcoin bear market cycle started at $126k appeared first on CryptoSlate.

Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has dismissed concerns that the firm holds too much Bitcoin. In an Aug. 1 interview with CNBC, Saylor argued that owning 3% to 7% of the total Bitcoin supply is not excessive. Instead, he called it a balanced position that allows other institutions and individuals to participate. […] The post Michael Saylor says owning 628k BTC or 7% of supply is competitive as 160 firms now HODL appeared first on CryptoSlate.