Long-term bitcoin holders sell as strong dollar caps price below $106K

Bitcoin Turns Into a Long-Term Savings Asset as Ethereum Powers On-Chain Activity

Investors Treat Bitcoin Like Something They Don’t Want to Touch Rather than circulating through the market, Bitcoin is increasingly disappearing into long-term storage. Wallets are moving coins off exchanges and into cold storage or multi-year holding patterns, and transaction activity involving older BTC keeps shrinking. The report describes this behavior as exactly what Bitcoin’s design intended — a monetary asset that people save rather than …

Long-term bitcoin holders sell as strong dollar caps price below $106K

Bitcoin’s latest rally has run out of steam, with the price failing several times to stay above $106,000 even as the S&P 500 and gold both sit near record highs. Traders are dealing with a market where the main force is a stronger United States dollar rather than easy money. The US Dollar Index has been grinding higher against major currencies, reflecting renewed faith that Washington can handle its fiscal problems. When investors fear weak grow…