Bitcoin has made multiple attempts to decisively surpass the significant $80,000 threshold, yet the more pertinent inquiry revolves around the reasons it has not experienced a more substantial decline. After all, the macro landscape is anything but optimistic given the renewed tensions between the US and Iran, the aggressive stance of the Federal Reserve, and … Read more
The system is broken, stated the Kobeissi Letter, as the US stock market experienced a decline alongside cryptocurrency following the release of the robust jobs report. Attention was focused on the US jobs report released on Friday, revealing that the US economy added 162,000 jobs in August, significantly surpassing expectations of approximately 55,000-58,000. The unemployment … Read more
Bitcoin experienced a notable increase on Thursday; however, stocks associated with the industry saw even more rapid gains as a rally that commenced weeks prior gained renewed momentum. The price of the largest cryptocurrency reached $81,282 on Thursday morning in New York, reflecting an increase of nearly 3% over the preceding 24 hours. In the … Read more
Bitcoin traded just above 77,600 in Asian morning hours Thursday, reflecting an increase of approximately 1.5% over the past 24 hours, following a 24-hour low of 76,400 observed during late U.S. hours. XRP led the majors at $1.36, reflecting an increase of nearly 3%. BNB increased nearly 2% to just under $692, while Solana also … Read more
Bitcoin is characterised by its seasonal downturns during the summer months. However, August presented a distinct scenario. In fact, the leading cryptocurrency experienced its third most successful August on record. As noted on Tuesday by Bitwise’s European Head of Research, André Dragosch, bitcoin achieved returns of 25% last month. “No ‘summer lull’ so far,” Dragosch … Read more
Strive’s stock experienced a significant increase on Monday following the announcement of a $143 million bitcoin acquisition, positioning it as the fifth largest publicly traded crypto treasury. The Nasdaq-listed company announced its latest acquisition of 1,800 bitcoins between August 24 and August 28. It acquired the coins at an average price of $79,431, as indicated … Read more
The liquidations exceeded $200 million within a single hour as the entire market experienced a sudden downturn. After surpassing $79,000 on Sunday evening, bitcoin commenced the new business week on a negative note, declining below $77,000 within approximately an hour as geopolitical tensions reemerged in financial markets. The decline occurred in the context of renewed … Read more
Ki Young Ju believes that institutional capital and exchange-traded funds outside of the US may be responsible for the peak of the current bull cycle in bitcoin. He presented the forecast in an Aug. 27 post on X, identifying international market access as a potential source of demand following the broadening of regulated exposure facilitated … Read more
Bitcoin’s rally from under $65,000 to over $81,000 encountered its initial significant macro setback following Fed Chair Kevin Warsh’s hawkish message at Jackson Hole on Friday. The larger inquiry at hand is whether the prospect of elevated interest rates and increasing Treasury yields could impede the remarkable recovery observed in the market. Despite BTC’s relative … Read more
Bitcoin exchange-traded funds have maintained their positive momentum, drawing in billions of dollars in fresh investments over the last week. U.S. investors have allocated $2.56 billion since last Monday, as reported by data, contributing to an increase in the price of the leading cryptocurrency. This week, approximately $652 million in new capital has flowed into … Read more
