Category: Cryptocurrency news

Bitcoin price reaches $72.5K as US issues ‘Economic D-Day’ threat to Iran

Bitcoin ($BTC) saw multimonth highs after Thursday’s Wall Street open while stocks dipped and bond yields rebounded on US-Iran war nerves. Key points: Bitcoin builds on its highest levels in 11 weeks to hit $72,500 on Bitstamp. US bond yields see volatility after president Donald Trump threatens “economic warfare” with Iran. Bitcoin market participants question […]

Bitcoin’s Relative Strength Index (RSI) Approaches Its Strongest Overbought Zone in Two Years! What Does It Mean? Here Are the Details

A notable development has occurred in Bitcoin’s technical outlook. The cryptocurrency’s Relative Strength Index (RSI) rose to the 84-86 range, pushing Bitcoin into its strongest overbought zone since November 2024. This rise in the technical indicator has attracted investor attention following Bitcoin’s recent sharp gains. Bitcoin recently broke above its trading range of $62,000 to […]

Ray Dalio Backs Bitcoin as US Debt Could Spiral to $60 Trillion

Dalio Backs Bitcoin as Debt Risks Intensify Bridgewater Associates founder Ray Dalio said growing debt, weakening demand for government bonds, and monetary expansion could erode currencies while supporting scarce assets. In an Aug. 21 LinkedIn analysis, he stated: “I expect non-government-produced monies like gold and bitcoin to do relatively well.” Bitcoin’s potential role rests partly […]

Bhutan Government Moves $835K in Bitcoin to New Wallets, On-Chain Data Shows

Bhutan’s royal government has transferred 10.779 Bitcoin ($BTC), valued at approximately $835,000, to two newly created wallet addresses, according to blockchain tracking platform Onchain Lens. The transaction was detected on-chain, but the specific purpose or destination of the funds has not been publicly disclosed. Context: Bhutan’s Growing Crypto Holdings The transfer comes amid growing international […]