In a surprising development, American Bitcoin and Strategy firms have banded together to acquire more than $205 million in Bitcoin, directly challenging Coinbase’s claim that corporate treasuries are moving away from the cryptocurrency market. This development unfolds against the backdrop of a wider market downturn, with David Duong, cautioning about a notable withdrawal by digital … Read more
Bitcoin is experiencing a significant upward trend, with its price exceeding $115,000 as institutional interest and global trade optimism enhance investor confidence. Market analysts are now forecasting a possible rise to $124,000, as per reports. One significant factor driving Bitcoin’s upward trajectory is the growing institutional interest in the cryptocurrency. Crypto lender Ledn has reported … Read more
Bitcoin is frequently promoted as a safeguard against inflation; however, recent insights suggest that the situation may not be as straightforward. Bitcoin’s price is driven more by the volatility of the US dollar’s strength rather than by inflationary pressures. This statement frames Bitcoin as a ‘liquidity barometer’ instead of a conventional inflation hedge. In a … Read more
Bitcoin is frequently promoted as a safeguard against inflation; however, recent insights suggest that the situation may not be as straightforward. Bitcoin’s price is driven more by the volatility of the US dollar’s strength rather than by inflationary pressures. This statement frames Bitcoin as a ‘liquidity barometer’ instead of a conventional inflation hedge. In a … Read more
The Bitcoin price experienced a wild ride in the past week, skyrocketing to over $113,000 by mid-week before plummeting back down to approximately $107,000. As the leading cryptocurrency’s price action has stabilized over the last few days, it appears that market uncertainty continues to dominate the landscape. However, the Bitcoin price appears to be trending … Read more
Bitcoin price surged past $111,000 following the release of new U.S. inflation data, which indicated a milder-than-expected rise in consumer prices. This development has bolstered expectations that the Federal Reserve will proceed with further rate cuts this year. The Consumer Price Index experienced a month-over-month increase of 0.3% in September, falling short of economists’ predictions … Read more
Bitcoin’s price faces downward pressure as profit booking and bearish technical patterns emerge, which could push it below the $60,000 mark, according to sources. Bitcoin is currently trading at $109,500, reflecting a notable pullback from its year-to-date high of $126,200. The recent downturn has wiped out billions in market capitalization, with traders actively securing profits … Read more
Bitcoin is presently maneuvering through a tough market landscape, trading beneath key cost basis levels that indicate a possible demand exhaustion. This occurs as long-term holders are progressively liquidating their assets, intensifying the strain on the market’s stability. The cryptocurrency is currently trading beneath the cost basis of short-term holders and the 0.85 quantile, a … Read more
Bitcoin has recently faced a significant decline – resembling more of an equity-style drop than a usual cryptocurrency correction, with a staggering decrease of around 25%. While this magnitude may seem modest to seasoned crypto investors, it holds considerable significance when juxtaposed with traditional assets. The recent decline from highs poses challenges for market participants … Read more
Bitcoin has unexpectedly plummeted toward $100,000, intensifying a sell-off that impacted the bitcoin price last week and igniting concerns of a broader crypto downturn. The bitcoin price has dropped below $105,000 per bitcoin for the first time since June, raising concerns among traders that a significant bitcoin price crash may be imminent, as the total … Read more