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 $62,000 to […]
Dalio Backs Bitcoin as Debt Risks Intensify Bridgewater Associates founder Ray Dalio said growing debt, weakening demand for government bonds, and monetary expansion could erode currencies while supporting scarce assets. In an Aug. 21 LinkedIn analysis, he stated: “I expect non-government-produced monies like gold and bitcoin to do relatively well.” Bitcoin’s potential role rests partly […]
Peter Schiff has argued that the rise of artificial intelligence is not a bullish development for Bitcoin, pushing back against attempts to link the cryptocurrency to the booming AI sector. In an Aug. 23 post on X, Schiff said Bitcoin advocates were trying to associate the asset with AI in the hope that investors would […]
Bhutan’s royal government has transferred 10.779 Bitcoin ($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 […]
Pantera Capital, a prominent digital asset investment firm, has observed a notable change in market behavior, with traders and funds reportedly moving from short to long positions on Bitcoin. The shift comes as the cryptocurrency recently broke above its 200-day moving average, a technical indicator closely watched by institutional investors. Market correction and recovery According […]
“This wasn’t an organic rally. It was a classic short squeeze,” the trader MARMOT posted to 114,000 views on Friday, as bitcoin closed a run that carried it from $62,900 on August 16 to $79,500 five days later, a 26% move that left the price near $77,000 on Saturday. “$3.1 BILLION in shorts wiped out,” […]
BlackRock significantly increased its exposure to Bitcoin (BTC) and Ethereum (ETH) last week, scooping up more than $1.8 billion worth of the assets as institutional demand for cryptocurrency investment products accelerated. The asset manager attracted the largest share of inflows into U.S. spot crypto exchange-traded funds (ETFs) during one of the strongest weeks for the […]
The five-day run in spot crypto ETF flows is becoming harder to dismiss as a one-off asset rotation. Spot Bitcoin ETFs pulled in $307 million in net inflows on August 21, while spot Ethereum ETFs added $185 million, according to the original report from WuBlockchain. Both product categories have now posted five consecutive sessions of […]