Bitcoin Hits $87K After $85K Sell Wall Retreats
The next cluster of sell orders is about half the size of the old wall, putting the order book's remaining resistance in focus.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The next cluster of sell orders is about half the size of the old wall, putting the order book's remaining resistance in focus.
Falling USDT market share and rising leveraged longs point to stronger risk appetite, but the U.S. jobs report could test the rally through Treasury yields.
Strategy's income pitch rests on long-term Bitcoin appreciation and a share mechanism designed to keep STRC near $100.
The IMF waiver signals a hard ceiling on sovereign Bitcoin adoption: state-level accumulation now carries a formal multilateral cost that other BTC-holding governments will have to price in.
The analyst projects roughly $10T for the total crypto market long term, with monetary policy as the swing variable on how durably the next cycle stays above the fair-value line.
Four of the nine actions are usable today, including Coinbase Clearing's registration; the other five sit in proposal or pre-rule limbo, with the final custody framework still 60 days from any…
A 10-year Treasury yield at 5.34% and a DXY at an 18-month high would normally drag risk assets lower. Bitcoin's overnight push through $86,000 says that decoupling is starting to crack.
Q3's $6.34B in spot Bitcoin ETF inflows alongside a 43% price gain is a structural demand story, not a sentiment spike, and the Fear & Greed reading of 72 still leaves room before this looks crowded.
649 $BTC (≈55.8M) moved from #Binance to unknown wallet.
A short squeeze of this speed and scale signals forced buying across leveraged positions, a dynamic that historically amplifies upside momentum well beyond the initial catalyst.
Two straight months above $2.5B shows the institutional bid is structural, with October already extending the streak and ether ETFs adding $832M of their own.
649 $BTC (≈55.6M) moved from unknown wallet to #Binance.
The risk concentrates in BIP39-seed, xprv-import, and 4.0.x Electrum wallets. The remedy is a fresh export, since upgrading the software does not recover key material already lost with old backups.
A simultaneous KRW, BTC and USDT launch on South Korea's largest exchange is broader than typical, and with limited prior global trading history, Korean retail flow will be the dominant…
El Salvador, the only country with Bitcoin as legal tender, needed an IMF waiver to keep accumulating.
The waiver is the real signal: the Fund is letting El Salvador keep stacking BTC under a $1.4B program that was supposed to wind adoption down. Sovereign adoption just got a quiet validation.
The Fed has hiked, the 30-year sits near 5.6%, the dollar is firm, and yet BTC's gold correlation is at multi-year highs.
Williams's Sept 29 hint that another hike might be appropriate just got a 58.6% input-cost reading to back it up. Bitcoin's $85K test is now running into a policy corridor, not just a price level.
Mow's framing hinges on a behavioral gap: investors sidelined by waiting for a $40K retest are now structurally absent from the next leg up, leaving the move uncrowded until the chase begins.
The Swift announcement pairs with Atkins' on-chain trading sandbox to convert the tokenization thesis from offshore synthetic exposure into a regulated US venue, with the actual plumbing now spanning…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
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