The sudden cryptocurrency market upsurge following months of decline or stagnation generated several major success stories, and this trader, after approximately a month-long wait, saw the value of his long positions rise elevenfold. Specifically, a user with the shortened designation 0x3376…8A05 on the Aster decentralized exchange (DEX) saw a series of positions worth initially $24,000 […]
In El Salvador, the use of Bitcoin for daily shopping has reportedly decreased significantly. An experience shared by Jon Atack, a Bitcoin Core developer living in the country, highlights the decline in the cryptocurrency’s use as a means of payment. Atack wanted to pay for his meal with Bitcoin at a restaurant in El Zonte, […]
Markus Thielen, founder of 10x Research, stated that while Bitcoin is likely to continue its current upward trend, reaching a new all-time high (ATH) in the short term seems unlikely. Thielen believes Bitcoin could experience a significant rise, but new record highs may not be seen anytime soon. Thielen, known for his analyses of the […]
Anthony Pompliano, Chairman and CEO of ProCap Financial, assessed the key factors behind the recent rally observed in the cryptocurrency market. Pompliano, a leading figure in the crypto asset ecosystem, argued that macroeconomic factors, monetary policies, and changes in global cash flow are behind the upward trend. According to Pompliano, Bitcoin is the financial asset […]
BlackRock’s spot Bitcoin ETF, IBIT, has processed more than $5 billion in conversions from direct Bitcoin holdings, according to a Bloomberg report. This marks a sharp increase from the $3 billion recorded in October last year, signaling a growing trend among investors to move digital assets into regulated exchange-traded products. Why Investors Are Moving From […]
Bitcoin pierced the $80,000 mark overnight, reaching as high as $81,300 before pulling back to roughly $79,000, according to chart analysis from Verified Investing chief market strategist Gareth Soloway. The pullback has raised a question for traders. Does this rally confirm a new bull market, or is Bitcoin simply testing resistance in an ongoing bear […]
The US Treasury has formally brought digital assets into the financial sector’s preparations for quantum computing threats. On Aug. 24, the US Treasury launched its Quantum-Readiness Task Force, with one of three workstreams dedicated to digital assets and emerging-technology risks. The other tracks cover broader post-quantum cryptography adoption and third-party vendor readiness. Treasury Secretary Scott […]
Bitcoin $BTC$75,582.18 climbed as high as $79,400 on Friday, adding 8.8% since midnight UTC as a rally kicked off by the U.S. Treasury on Wednesday gathered steam. The largest cryptocurrency was trading recently just below $78,000. The Treasury’s bond buyback announcement helped extend bitcoin’s gains from earlier in the week. It’s now climbed for five […]