Today, global markets and cryptocurrencies are focused on Federal Reserve Chairman Kevin Warsh’s speech in Jackson Hole. His statements are of great interest to both $BTC and altcoins. A hawkish Warsh could put downward pressure on Bitcoin and cryptocurrencies, while a more dovish Warsh could push the market higher. At this point, Bitcoin was just […]
There has been a notable increase in discussions surrounding a possible Anthropic initial public offering (IPO) in late August, with September often mentioned as the month when the artificial intelligence (AI) giant will hit the stock market. Cryptocurrency traders on the prediction platform Polymarket, however, appear to believe that the firm will not go public […]
Bitcoin’s recent strong rise is attributed more to the liquidation of short positions in the futures market than to new capital inflows. Cryptocurrency trading firm QCP Capital warned that the Bitcoin rally could lose momentum if the buying pressure resulting from the closing of short positions decreases. According to QCP Capital’s analysis, despite the rise […]
Bitcoin ($BTC) briefly broke past the $81,000 mark on August 25, but immediately ran into heavy technical resistance, causing the price to hover indecisively around $80K. Several factors now make this level significant, especially for those seeking an additional buy opportunity before the coin surges to $100,000. Bitcoin and the $80K inflection point Once again, […]
Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole keynote on Friday at 10 a.m. ET. It is his first major set-piece speech since taking office in May, and one that has generated plenty of anticipation in the crypto community. “At 10:00 AM ET, Kevin Warsh gives his first-ever Jackson Hole speech. Huge volatility […]
Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as $BTC advanced, while strong spot ETF inflows have provided additional demand, the firm noted. Spot demand is also strengthening, with QCP noting that ETF inflows are nearing the 95th percentile […]
Matt Cole, CEO of Strive Asset Management, has projected that Bitcoin could exceed $500,000 within the next four to five years. In a recent interview, Cole argued that the U.S. dollar’s purchasing power will decline more rapidly in the coming years than it has over the past decade and a half, a trend he believes […]
BlackRock cut the minimum for converting privately held Bitcoin into IBIT shares from $25 million to $1 million, while Bitwise lowered its floor from $100 million to $3 million. While this might sound like a niche development for a small number of institutional users, it signals that custody is no longer just a slogan for […]
Jurrien Timmer, Global Macro Director at Fidelity Investments, said that the US Treasury Department’s increase in long-term bond buybacks and its focus on issuing short-term Treasury bills is putting pressure on the dollar while supporting Bitcoin and gold. Timmer pointed out that the dollar weakened last week after the US Treasury Department repurchased more long-term […]
Gold and Bitcoin exchange-traded funds (ETFs) drew roughly $7 billion over five US trading sessions, a record combined haul that puts both assets at the center of a renewed investor push for protection against currency weakness and mounting fiscal pressure. About $3.4 billion of this capital went into SPDR Gold Shares (GLD) while BlackRock’s iShares […]