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Bitcoin Crosses $61K as Traders Remain Cautious Ahead of U.S. CPI, Further Unwinding of Yen Carry Trade
14.8.2024
BTC beats the CoinDesk 20 during the Asia trading hours, while traders remain bullish on TON because of its GameFi integration
Goldman Sachs Holds Over $400M in Bitcoin ETFs
14.8.2024
Investment banker says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F
Core Scientific drops 10% after $400 million convertible senior note offer
14.8.2024
Core Scientific stock has dropped to $8.46 per share on the Nasdaq following an announcement of offering convertible senior notes to help settle debts
Stablecoin issuance could be key to the next Bitcoin rally: 10x Research
14.8.2024
More than $2.5 billion has been issued by Tether and Circle over the past week, and 10x Research believes continued momentum could spark a Bitcoin rally
BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert
14.8.2024
The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored...
Coinbase teases 'cbBTC’ days after BitGo Wrapped Bitcoin controversy
14.8.2024
Speculators think the post refers to Coinbase’s own wrapped Bitcoin product, which will potentially be launched on its layer-2 network Base
Brazilian Crypto Exchange Mercado Bitcoin Launches Flexible Crypto Collateralized Loans
14.8.2024
Mercado Bitcoin, one of the largest Brazil-based cryptocurrency exchanges, has launched a loan product allowing users to receive credit in Brazilian reais secured by crypto collateral. The credits will be limited to 30% of the total held in crypto in the exchange, and liquidations will not...
Binance to Convert Delisted Crypto to USDC — Advises Users to Withdraw Affected Tokens Before Deadline
14.8.2024
Crypto exchange Binance has announced the conversion of several delisted tokens into stablecoin USDC. Users are advised to withdraw affected crypto tokens by Sept. 1, as they will no longer be accessible afterward. After this date, withdrawals of the delisted tokens will no longer be supported,...
Bitcoin sell pressure risk as $1.7B in dormant BTC moves over 2 days
14.8.2024
The movement of more than $1.7 billion in “dormant” Bitcoin could lead to downward pressure on Bitcoin in the coming weeks, according to an onchain analyst
Bitfinex Report Examines Bitcoin’s Local Bottom Amid Market Rebound
14.8.2024
Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among short-term investors, which usually occurs at local...
Arthur Hayes Predicts $100K Bitcoin by Year-End — Expects ‘Glorious’ Crypto Bull Market in 2025 With BTC Reaching $1M
14.8.2024
Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth...
US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon
14.8.2024
United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash.
Veteran Trader Peter Brandt Says Gold Is Poised for Massive Chart Breakout
14.8.2024
Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts...
Elon Musk Offers to Assist Donald Trump Boost Government Efficiency
14.8.2024
Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting...
Bitcoin Holders Tighten Their Grip, Glassnode’s Latest Report Reveals
14.8.2024
The latest onchain report from the analytics firm Glassnode highlights a resurgence in the holding (referred to as ‘HODLing’ in the report) behavior among bitcoin market participants, particularly long-term holders, despite the ongoing market volatility. Onchain data reveals that...
Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?
13.8.2024
A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article...
Bukele Announces Private Investment of $1.61 Billion in Third Phase of Economic Overhaul Plan for El Salvador
13.8.2024
President Nayib Bukele used his personal X account to present the third phase of his economic plan for El Salvador. Titled “Logistics,” this new phase will entail raising private investments to modernize the country’s port infrastructure. The first step involves an investment...
Ex-Bitfarms interim CEO steps down amid board shakeup
13.8.2024
Bitfarms announced a new member and leadership to its board as Riot Platforms’ still appeared poised to replace three members in October
3 reasons why Bitcoin traders expect $100K+ BTC price by 2025
13.8.2024
If Bitcoin follows its standard post-halving trajectory, its price should be in the six-figure range by 2025
Bitcoin Skyrockets Past $61K—Over $23M in Shorts Wiped Out
13.8.2024
On Tuesday, bitcoin’s price climbed to $61,600 after dipping below the $60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief...