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Norway’s Norges Bank, the world’s largest sovereign wealth fund with $1.7 trillion in assets, has boosted its Bitcoin holdings by almost 84% in the second quarter, mainly by buying shares in Michael Saylor’s Strategy and Japan-based Metaplanet. That’s according to Standard Chartered, which says Norges Bank raised its total indirect holdings to 11,400 BTC from 6,200 BTC during the period. Standard Chartered’s head of digital asset research Geoffrey Kendrick described the surge as a “proactive position,” reflecting a broader trend of sovereign wealth funds and government entities boosting indirect Bitcoin exposure via treasury-focused firms. Kendrick reached his conclusions by analyzing 13F filings with the US Securities and Exchange Commission (SEC) by companies with holdings in BTC ETFs (exchange-traded funds), Strategy, and Metaplanet.  Kendrick recently raised his year-end BTC target to $200K, aligning with Canary Capital CEO Steven M...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A widely followed cryptocurrency analyst is issuing an alert, warning traders that altcoins appear poised to continue declining against Bitcoin (BTC). In a new thread, crypto trader Benjamin Cowen tells his 1 million followers on the social media platform X that US monetary policy will remain tight, suggesting that altcoin pairs versus the top crypto asset by market cap are heading to their range lows. “With the economy holding strong, it delays rate cuts and likely delays the end to QT [quantitative tightening]. This suggests that monetary policy will remain restrictive, continuing to support the idea that altcoin/BTC pairs are likely still heading to the range lows.” Source: Benjamin Cowen/X According to Cohen, during the last two summers, altcoin pairs versus BTC would rally before dipping during Q4, a move he believes could happen again. “The last 2 summers ALT/BTC pairs found some brief relief before heading lower into Q4. The larger bounc...