| Mobile Web

Search results for Galaxy Research

Crypto

Bitcoin may shift from 4-year halving cycle to Wall Street-style 6-8 year rhythm

Bitcoin may be moving away from its traditional four-year halving-led cycle toward a Wall Street-style 6 to 8-year rhythm, an analysis said. Analyst Willy Woo said institutional money and macro liquidity are increasingly shaping prices, making bitcoin closer to traditional short-term debt cycles. He said the halving impact is weakening as new supply shrinks, while institutional holdings now exceed miners’ annual output many times over, potentially shifting future turning points.

Crypto

Bitcoin climbs back above 50-week moving average, next hurdle at $82,000 to $83,000

Bitcoin has moved back above the 50-week moving average, a level widely seen as a key market benchmark, U.Today reported. After rising to $81,797, it eased to around $81,400, up more than 5 percent over 24 hours. Galaxy Research said attention is focused on whether Bitcoin can hold above the 50-week line into the weekly close. Derivatives activity rose, with $84.74 billion in futures volume and $57.86 billion in open interest.

Crypto

Strive buys bitcoin for 9 straight trading days, funding structure put to test

Asset manager Strive has bought bitcoin for nine straight trading days using funds raised by issuing SATA preferred shares. It most recently bought 104 BTC on Sept. 1, Cryptopolitan reported. The buying comes as corporate bitcoin purchases have generally slowed. Strive said SATA pays dividends every business day with an annual dividend rate of 13.00 percent. Analysts warned the cycle depends on market confidence, while the company reported a second-quarter GAAP net loss of $257.6 million.