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World's Top 10 Bitcoin Holders ✅ ✅
1️⃣ - Satoshi Nakamoto: 1.1 M BTC
2️⃣ - Grayscale: 643,572 BTC
3️⃣ - Binance: 498,147 BTC
4️⃣ - Bitfinex: 192, 508 BTC
5️⃣ - U.S. Government: 175,000 BTC
6️⃣ - Microstrategy: 152,800 BTC
7️⃣ - Block dot one: 140,000 BTC
8️⃣ - OKX: 118,334 BTC
9️⃣ - Robinhood: 118,300 BTC
🔟 - Winklevoss twins: 70,000 BTC
@Crypto_News
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@Bitcoins
Financial System Currently:
1. Regional banking system is in turmoil
2. Record $1 trillion in deposits left banks in 1 year
3. Large banks paying 0.01% interest
4. Apple is entering the banking business
5. PayPal stock, $PYPL, just hit a 6-year low
6. Alternatives to bank deposits are everywhere
Time for Bitcoin?
@bitcoins
Today #tether announces its Q1 2023 Assurance Report (attestation) 👀
- Net profit for this quarter of $1.48bn leading to a surplus over reserves of $2.44B- an all time high!! 🤯
- This report adds new explicit separate categories for our #Bitcoin and Gold 🪙 holdings, representing 2% and 4% of our total reserves respectively.
- We have reduced secured loans from 8.7% to 6.5% of reserves. A 25% reduction! We shall continue to 0 as promised.
- Q1/2023 shows direct US T-bill holdings of over $53bn (another all time high for Tether) representing more than 64% of total reserves.
- A massive reduction in bank deposits, lowering our unsecured counterparty exposure.
- All new issuance of tokens in Q1/2023 was invested in US t-bills or placed in overnight reverse repo facilities (fully collateralised by US treasuries). With $7.5bn now directly invested in overnight reverse repo, our reserves continue to be not only extremely high quality but also highly liquid.
To give you a comparison: Blackrock Q1 net income: $1.16 billion
https://twitter.com/paoloardoino/status/1656301275645108224
📍 Follow @Coins for the hottest news in crypto.
$BTC💵 view
📊 One reason for a high consolidation is we have a hidden trend line in non log chart and also a Major Support and resistance line which we have told on previous posts.
📊 Break above the high supply zones will magnet $BTC to 34k$+ and more.
📊 Just watching - Rejection also can cause a pretty decent crash.
#TRADESAFE
🥳@Coach
SPX500 looks like has formed an inverse head and shoulder pattern which has broken out and retested successfully.
If SPX breaks above the important resistance level we may see some bullish impulse .
😱 @Market
Watch: “Bitcoin benefits when the banking system is not so secure” -Bloomberg
📍 Follow @Coins for the hottest news in crypto.
Bhutan Plans a $500 Million Fund for Bitcoin Mining in the Himalayas.
Bitdeer Technologies Group and Druk Holding & Investments, the commercial arm of the Royal Government of Bhutan, announced a strategic partnership to develop environmentally sustainable, carbon-free digital asset mining operations in the Kingdom of Bhutan.
https://www.nobsbitcoin.com/bhutan-plans-a-500-million-fund-for-bitcoin-mining-in-the-himalayas/
@bitcoins
Robert F. Kennedy Jr., presidential candidate and environmentalist 👍🏼
@bitcoins
How gambling are you?..
The investor and ex-Coinbase CTO Balaji Srinivasan has just closed the $1 million bet made in March with James Medlock: if Bitcoin failed to hit $1 million within 90 days, he would receive $1 million in Circles USDC stablecoin.
Balaji donated $1.5 million of his own money "to send a provably costly signal that there’s something wrong with the economy, and that it's not going to be a "soft landing" like Powell promises — but something much worse".
🧵 https://twitter.com/balajis/status/1653449321185169409?s=20
@bitcoins
$BTC💰
📌 Technical View 📌
✅ BTC currently ranging inside an expanding wedge type of a pattern where we can see $BTC has respected many times.
✅ Also there is a trend line where $BTC has respected 6 times as a support and 2 times as a resistance,This trend line support is acting as a major key level on $BTC.
✅ In case BTC break below the key trend line support we can expect a drop to the major Horizontal support which lies on 25K and also it can be a quick wick to 24K2 also.
✅ $BTC local supports 27K , 26K4.
✅ Also $BTC Weekly candle closing above the range 29K-30K3 will be outstanding.
📌 Bitcoin fell about 4.2% to start the week and new month. Did the First Republic Bank saga make an impact on the Bitcoin dip? 📌
🔸 Cryptocurrencies took a dip on Monday to start the week and new month as investors bet the takeover of First Republic Bank could put an end to the financial crisis, which has been the biggest driver of this year’s bitcoin rally. See more...
🔸 Bitcoin fell about 4.2% to 28,137.76 to start the week and new month. Last week, the price of bitcoin rallied in the final week of April as troubles at the bank unfolded. Trading of the cryptocurrency has been choppy, however, as investors straddle the effects of the banking crisis on crypto with high inflation, Federal Reserve policy, a potential recession and an increasingly bearish narrative building around the U.S. dollar. See more..
💲Current Market Price ~ $27981
💲Volume 24h ~ $17,436,842,452
💲1 Day Range ~ $27700 - 28147
💲 Market Cap ~ $542.46B
💰 However, experts still predict that Bitcoin could shine later this year.
🔸FTX’s collapse was the catalyst for a new bullish cycle in cryptocurrency markets.
🔸Bitcoin could jump nearly 70% if the US defaults on its debt, Standard Chartered analyst says
🔸Bitcoin Extends Dominance Over Alts as BTC Stable Above $29K: Market Watch
🥳@Coach
⚡ Bitcoin Whales Add 64,094 BTC to Their Stash Worth $1.8 Billion.
@Crypto_News | link
The current Bitcoin block height is less than 365 days away from the Bitcoin halving time. The halving time is expected to be April 28, 2024, when the block reward will be reduced from 6.25 BTC to 3.125 BTC.
@bitcoins
Teaching the staff at Joeshias in Bacolod how to accept Bitcoin!
@bitcoins
Arkham: “The US Government currently custodies over $6B in BTC on-chain.
Their holdings comprise BTC seized from 3 events:
2020 Seizure from Silk Road - 69.37K BTC
2022 Seizure from Bitfinex Hack - 94.64K BTC
2022 Seizure from James Zhong - 51.326K BTC”.
https://twitter.com/arkhamintel/status/1654514710555885571
@bitcoins
Michael Saylor in a CNBC interview: takeaways
🔺 Bitcoin’s recent rally led to a significant reduction in Microstrategy’s BTC impairment loss and helped the firm strengthen its capital structure.
🔺 The software business of Microstrategy is a stable cash cow that provides the firm with enough cash flow to pay off the interest on debts and continue accumulating BTC.
🔺 The shareholders and bondholders of his company are now conditioned to understand that they are long-term holders of BTC.
🔺 Bitcoin adoption is being driven by two key factors:
1. Macroeconomic concerns about inflation + the recent collapses in the banking sector: investors are encouraged to move from fiat to safe-haven assets
2. Crackdown on the crypto industry: the uncertainty revolving around crypto exchanges, crypto securities, and cryptocurrencies has led to a natural migration of capital to Bitcoin.
@Coach
Transaction fees on the Bitcoin network yesterday reached their highest point in 2 years, both by mean sats/vbyte per transaction in daily cumulative fees paid. Half of all transactions yesterday related to BRC-20 transactions.
@bitcoins
💰 Bitcoin lower time frame technical view.
✅$BTC lower time frame forming a rising channel pattern.
✅Still below an important resistance.
✅Higher chance for a drop in case $BTC couldn't hold above the mentioned 28K8 resistance.
✅Watching the levels and trading level by level.
🥳@Coach
Bitcoin’s four-month stretch of gains through April ranks as the longest since a six-month advance to March 2021.
@bitcoins
The Kingdom Of Bhutan Confirms It Has Been Mining Bitcoin For Several Years.
The Himalayan kingdom's investment arm Druk Holding and Investments (DHI) revealed that it has been running a bitcoin mining operation in the country.
https://www.nobsbitcoin.com/the-kingdom-of-bhutan-has-been-mining-bitcoin-for-years/
@bitcoins
Bitcoin transactions reach record high.
One of the main drivers is the Ordinals protocol.
According to Dune Analytics, transactions in the Ordinals protocol reached a new all-time high of over 223,000 yesterday.
https://www.theblock.co/post/228882/bitcoin-transactions-inscriptions-record
@bitcoins
Bitcoin 30-day rolling correlation with gold has surged since March and now stands at 57% - its highest level in almost 2 years.
@bitcoins