Mike McGlone, senior commodities strategist at Bloomberg Intelligence, suggested that a sharp correction in US stock markets could drag the price of Bitcoin (BTC) down to $10,000. However, crypto analyst Darkfost countered this prediction, stating that the scenario does not align with historical data. McGlone stated in his assessment that if US stock markets were […]
Although Bitcoin (BTC) has retreated from its push toward $100,000, insights from OpenAI’s ChatGPT suggest the cryptocurrency could reach a $5 trillion market capitalization in 2029. At its press-time price of $81,950 and a circulating supply of 20.09 million BTC, Bitcoin would need to climb to approximately $248,880 to reach the milestone. The Bitcoin $5 […]
Cryptocurrency trader Killa, closely followed in the market, suggested that Bitcoin (BTC) price could bottom out before the US midterm elections. Analyzing price movements in past election periods, the analyst stated that two different scenarios could unfold for Bitcoin after the November 3rd elections, urging users to be cautious about potential price increases. Killa, who […]
At the ParaFi Investor Day this week, Michael Saylor presented key insights on Bitcoin’s future, emphasizing its role as digital capital and its potential connections to stablecoins through $STRC. His discussions on Bitcoin banking adoption and regulatory clarity are pivotal in shaping institutional interest in the crypto space. This could lead to increased market stability […]
Bitcoin is experiencing notable activity as two wallets dormant for over 12 years awakened, transferring a total of 417 BTC valued at approximately $33.85 million. This significant event has drawn attention from market observers, particularly as the original purchase prices of these bitcoins were just $127 and $355. The implications for Bitcoin’s market dynamics could […]
Route2FI recently shared thoughts on Bitcoin’s trading dynamics, particularly during weekends. The commentator noted how stepping back from screens has benefited their investment approach. This perspective is crucial as it encourages traders to consider their trading habits, especially during periods of high volatility. Understanding these patterns can aid in developing a more resilient trading strategy. […]
Point your phone camera to install Blockstream CEO Adam Back subsequently weighed in on the discussion, saying, “That’s the NSA’s fault for not revealing the reproducible steps to generate their NIST published curves.” Bacca responded, saying, “Right, but it still made a good joke.” @BTChip That’s NSA fault for not revealing through reproducible steps to […]
TL;DR: TD Cowen reportedly raised its Strive share-price target from $44 to $56 after the Bitcoin treasury company expanded its holdings to 35,595 $BTC. Strive is also seeking financing through a substantial preferred-share offering. Bitcoin treasury company Strive is attracting fresh attention from Wall Street after a rapid buying programme took its reported holdings to […]
Bitcoin is holding above $80,000 despite mounting selling pressure, as spot Bitcoin exchange-traded funds (ETFs) record fresh outflows. $BTC traded at $80,719, down 2.57% over 24 hours, before recovering slightly to $81,467 at press time. The latest price action comes amid concerns over inflation, interest rates, quantum computing risks, and potential U.S. government Bitcoin sales. […]
Aksel Kibar, known for his technical analysis in the cryptocurrency markets, evaluated the recent movements in Bitcoin (BTC) price and explained the critical levels that investors should pay attention to. The analyst stated that two important bullish signals have recently emerged in Bitcoin, but the price has sharply retested one of these breakouts. According to […]