A significant portion of Bitcoin’s supply remains untouched, with over 45% of the total supply staying dormant in wallets for at least the past six months, according to on-chain data from Glassnode. This suggests that a large segment of investors is steadfast in holding their BTC despite recent market volatility.

Long-term holders (LTHs), who retain their assets for at least 155 days, have shown resilience, preferring to keep their coins even after Bitcoin’s all-time highs. This behavior highlights growing confidence in Bitcoin’s long-term potential, with the wealth held by these investors remaining historically elevated.

Optimism is also fueled by global liquidity trends, with experts predicting that the ongoing financial policy easing could further benefit crypto markets. Despite occasional sell-offs, the consistent support from long-term holders continues to underpin Bitcoin’s stability in the face of market fluctuations.

Crypto.com has achieved a groundbreaking milestone by becoming the first cryptocurrency platform to secure an exclusive partnership with the UEFA Champions League. Announced on August 14, this multi-year deal establishes the centralized crypto exchange as an official global sponsor of one of the world’s most prestigious sports leagues. Steven Kalifowitz, Crypto.com’s Chief Market Officer, emphasized that this collaboration will significantly boost the platform’s visibility and user base, aligning with their mission to bring cryptocurrency to every wallet.

The partnership is expected to accelerate mainstream crypto adoption by introducing millions of sports fans to digital currencies. As large-scale events like the Champions League attract global attention, the awareness and acceptance of cryptocurrencies could grow exponentially, potentially driving up the market’s valuation. This development highlights the increasing convergence of sports and digital finance, paving the way for future innovations in the crypto space.

Source

Ethereum’s price on August 14 has seen notable fluctuations since 2016, reflecting the cryptocurrency’s volatile market behavior over the years. Starting at $11.58 in 2016, the price demonstrates the humble beginnings of Ethereum in the financial market.

By 2017, the price had surged to $298, showing rapid growth. However, there was a dip to $193.6 in 2019, indicating some market corrections. The following year, 2020, saw a recovery to $430.1, which skyrocketed in 2021 to $3,302, marking a peak in market enthusiasm and investment.

In 2022 and 2023, Ethereum’s price adjusted to $1,936 and $1,839, respectively, suggesting ongoing market adjustments and some stability challenges. By 2024, the price had risen again to $2,733, indicating a renewed confidence and a steady climb in its valuation.

This year-by-year review of Ethereum’s prices on August 14 highlights the cryptocurrency’s dynamic nature and its resilience amidst market fluctuations.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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SAN SALVADOR, August 13, 2024 — Mi Primer Bitcoin, a bitcoin education non-profit rooted in El Salvador, announced its groundbreaking fundraiser, in its effort to teach a total of 100,000 students about bitcoin.

This campaign on Geyser, a bitcoin-only crowdfunding platform, highlights the vision of the organization to remain independent and impartial, as it focuses on both grassroots education but also funding.

Mi Primer Bitcoin, also known as My First Bitcoin, is the world leader in independent, impartial, and community-led bitcoin-only education. Their philosophy focuses on bitcoin education as a means toward empowering students and teachers.

We’ve taught 35,000…

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Goldman Sachs has significantly bolstered its position in the cryptocurrency market, as revealed in its latest 13F filing. The renowned investment bank now holds positions in seven out of the 11 Bitcoin exchange-traded funds (ETFs) available in the U.S., signaling strong confidence in the future of digital assets. Its largest investment is in the iShares Bitcoin Trust (IBIT), with a substantial $238.6 million, followed by $79.5 million in Fidelity’s Bitcoin ETF (FBTC).

Goldman’s diversified crypto portfolio also includes $56.1 million in Invesco Galaxy’s BTC ETF (BTCO) and $35.1 million in Grayscale’s GBTC. Smaller investments have been made in other Bitcoin ETFs, such as BITB, BTCW, and ARKB. This move underscores the growing acceptance and adoption of Bitcoin within mainstream financial institutions, highlighting the increasing importance of cryptocurrency in global markets.

13F filing