Bitcoin climbed above $61,000 on Thursday, up about 4.1% over 24 hours, per CoinDesk data, its firmest footing so far this week after a sell-off sent the asset to as low as $58,200 earlier. The lift came from the Federal Reserve. Chair Kevin Warsh told the European Central Bank’s forum in Sintra, Portugal, that inflation […]
A notable assessment has emerged suggesting that the downturn in the Bitcoin market may end this month, and the leading cryptocurrency could re-enter an upward trend. Andre Dragosch, Head of Research at Bitwise Europe, stated that under current conditions, the bottom for Bitcoin could be reached sooner than the general market expects, potentially paving the […]
Key takeaways: Persistent spot Bitcoin ETF outflows and US dollar strength reduce the odds of a quick bounce to $65,000. Strong AI sector earnings momentum and higher fixed-income returns pull capital from Bitcoin and gold. Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday, […]
Bitcoin ($BTC) has logged a weekly candle below its crucial 200-week moving average (WMA) for the first time since October 2023. The break below the 200-week moving average, which is historically regarded as the ultimate “line in the sand” separating structural bull markets from prolonged crypto winters, unleashed massive volatility. It has forced more than […]
Jon Atack, a longtime Bitcoin Core contributor and Bitcoin Improvement Proposal (BIP) maintainer, has advised users to avoid making Bitcoin transactions during the second week of August because of expected network changes. As a precaution, Atack said he plans to run both his own version of Bitcoin Core and Knots 110 to monitor the network. […]
The United States spot Bitcoin (BTC) ETFs (exchange-traded funds) recorded the largest monthly cash outflows since their inception in June 2026. The Bitcoin ETFs closed last month with a total cash outflow of $4.51 billion. As such, these funds had a total net asset value of approximately $70.95 billion, according to data from SoSoValue, as […]
Hyperscale Data (NYSE: GPUS), a publicly traded Bitcoin mining company, has acquired 49.249 Bitcoin for approximately $2.9 million, according to a report by Bitcoin Magazine. The purchase signals continued corporate confidence in Bitcoin as a treasury asset, even amid fluctuating market conditions. Strategic Bitcoin Accumulation by a Public Miner The acquisition, executed at an average […]
Banking giant Citi has cut its Bitcoin (BTC) price target for the second time this year, lowering its 12-month outlook to $82,000 from $112,000, a drop of roughly 27%. The revision, issued July 1, marks the bank’s most bearish stance on Bitcoin since it began publishing crypto forecasts, and it signals a broader shift in […]
As the effects of the bear market, which has lasted for approximately 9 months, continue, the cryptocurrency analysis company The DeFi Report evaluated Bitcoin’s on-chain data and macroeconomic outlook in its latest video report. According to analyst Mike’s assessment, while the market is starting to show green lights for “buying,” the possibility that a definitive […]