In 2024, central banks worldwide have significantly increased their gold reserves, setting a new precedent for acquiring value-storing assets. According to a report from the macroeconomics-focused Kobeissi Letter on September 2, central banks globally added a record 483 tonnes of gold to their reserves in the first half of the year. This acquisition surpasses the […]
The count of Bitcoin wallets holding at least 100 BTC has reached a 17-month peak, reflecting a significant uptick in large-scale Bitcoin accumulation over the past month. Blockchain analytics firm Santiment reported on August 31 that the number of these “whale” wallets surpassed 283 in August alone. According to Santiment, the total has now surged […]
1. BTC Price Approaches Recent Lows As Bitcoin wrapped up August, it didn’t leave a strong impression, with prices hovering around the lows. Current market data reveals that buying interest near the $58,000 mark is essential but not robust enough to offset the selling pressure. Analysis by Skew points out a general disinterest in derivatives […]