Bitcoin Selloff

Remember that story from two weeks ago about the dormant 2011 wallet with 80K BTC (worth ~$9.3 billion) that randomly woke up? Well it’s on the move… and it might be the reason for BTCs price crash today. As of this morning, more than 70k of the 80k BTC have been sold. The price of bitcoin slid nearly 2.5%, from about $118,000 to under $115,300, before recovering slightly. Read more →

Christie’s International Real Estate just spun up a crypto-only desk so buyers can close luxury deals entirely in bitcoin and other crypto assets. The new unit was created after several major bitcoin and crypto property sales, including a $65 million property in Beverly Hills where the buyer paid in crypto. Read more →

It’s Friday and quite honestly – just one of those days. A bunch of a headlines primarily around whales, treasury companies making PR splashes, tradfi embracing crypto finally, and even bubbling memecoins like VINE – none of which, however, holds more importance than this chart. Yesterday marked yet another all-time high of the M2 Money Supply, landing at $22 Trillion. That never ending inflating dollar pool continues to make BTC hard-capped 21m supply look real nice. Read more →