Bitcoin Miner Outflows Surge Near $75K, Testing Support Amid Slowing Demand
Bitcoin miners transferred over 20,000 BTC to Binance, pressuring price support near $75,000 as on-chain data signals weakening demand and a cautious market outlook.
Bitcoin miners transferred over 20,000 BTC to Binance, pressuring price support near $75,000 as on-chain data signals weakening demand and a cautious market outlook.
The UK government added HTX, formerly Huobi Global, to its sanctions list amid accusations the crypto exchange facilitates financial operations aiding Russia.
Banca Sella became the first Italian bank authorized under the EU’s MiCA regulation to provide crypto custody, transfer, and digital asset services starting in 2026.
Bitcoin ETFs have experienced significant outflows totaling over $1.2 billion recently, reflecting weakening spot demand despite rising bullish leverage from derivative traders.
A massive $1.3 billion block trade in BlackRock’s iShares Bitcoin Trust tested market liquidity but had little impact on Bitcoin’s price amid ongoing ETF outflows and institutional adjustments.
Crypto exchange-traded products saw nearly $1.5 billion in outflows last week, driven by heavy Bitcoin fund sell-offs amid broadening global risk-off sentiment.
A single $1.3 billion sale of BlackRock’s Bitcoin ETF shares on a private dark pool triggered a significant Bitcoin price decline and highlighted growing institutional caution.
Sharplink, Forward Industries, Gemini, Galaxy Digital, and Bitmine appear on initial Russell 3000 and 2000 index lists, positioning them for broader institutional investment.
The Digital Chamber challenged Senator Elizabeth Warren’s assertions that the OCC violated banking law by approving national trust charters for crypto companies, defending the firms’ federal oversight compliance.
Coinbase launches an upgraded Direct Deposit tool for U.S. users that enables automatic paycheck allocation between cash and cryptocurrencies without trading fees.
Bitcoin’s formation of a multi-year cup-and-handle pattern indicates a possible rally above $220,000, provided key support at $74,000 holds amid declining trading volumes.
Bitcoin mining companies are gaining investor interest by pivoting to AI and high-performance computing, leveraging their power infrastructure to tap into a growing market beyond crypto.