Cathie Wood, CEO of ARK Invest, has once again voiced a long-term bullish outlook for Bitcoin, suggesting that the cryptocurrency could reach $1.5 million in a bull-case scenario. Wood made the remarks during a recent appearance on the podcast ‘Moonshots,’ where she discussed Bitcoin’s maturation as an institutional asset class and its potential for significant […]
In brief In an interview with Decrypt, Bitcoin Red Team member Calle said Chinese AI models are used far more than U.S. models for security research because American models often block cybersecurity-related requests. The group has proactively scanned much of Bitcoin’s significant open-source ecosystem and works directly with projects to identify and fix vulnerabilities. Calle […]
The Treasury Trigger Bitcoin had spent six weeks pinned between $60,000 and $65,000 before this week’s breakout. The move began after the US Department of the Treasury said it would at least double the size of its liquidity-support buyback operations for longer-dated coupon securities, raising the maximum from $2 billion to $4 billion per operation. […]
Bitcoin’s recent recovery from its June lows has caught the attention of analysts, with Galaxy Research suggesting that reclaiming a key technical level could confirm that the current market downturn has already bottomed out. In a report released this week, the firm highlighted the significance of the 50-week moving average (MA) as a robust indicator […]
Bitcoin’s (BTC) daily Relative Strength Index (RSI) has climbed above 80, marking its most overbought reading since November 2024. The move follows a ferocious multi-day rally that lifted the cryptocurrency from the low $60,000s to nearly $80,000, with the latest RSI reading signaling that a short-term pullback may be possible. The rapid ascent began on […]
Bitcoin has climbed above the $78,000 mark for the first time in recent trading, reaching $78,012.26 on the Binance USDT market, according to Bitcoin World market monitoring. The move extends a broader upward trend that has seen the leading cryptocurrency gain momentum over the past week, fueled by renewed institutional interest and improving market sentiment. […]
Ray Dalio, founder of Bridgewater Associates and a billionaire investor, stated that the rapid increase in global debt poses a growing risk for investors, and that more weight should be given to assets such as gold and Bitcoin. According to Dalio, recent movements in the US Treasury bond market indicate that the long-term “Big Debt […]
A relatively small change in the U.S. government bond market helped set off one of bitcoin’s sharpest rallies in months this week, as falling long-term yields gave traders an excuse to unwind a record pile of bearish crypto bets. The U.S. Treasury said it would double the size of its buyback operations in the longest-dated […]
Raoul Pal, co-founder of Real Vision and a prominent macro investor, has highlighted that Bitcoin recently entered a deeply oversold zone relative to the Nasdaq, trading more than two standard deviations below its historical mean before staging a sharp rebound. Pal, who has long been a vocal advocate for digital assets, noted that while it […]
Why Bitfinex Sees a Longer Runway Than a Squeeze Bitcoin’s climb to a multi-month high has left every buyer from the past five months sitting on a paper gain. The price peaked at $79,491 on Aug. 21, and analysts at crypto exchange Bitfinex said spot demand and short covering, not fresh leverage, carried the move. […]