The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan's BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023,” the crypto intelligence firm explained.
Bitcoin (BTC) could be gearing up its last explosive rally of a four-year market cycle, which traditionally kicks off at the beginning of a halving event and culminates just before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could surge to $200,000 and above, marking new All-Time Highs (ATHs) and the peak of the long-awaited bull market.
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards' upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability.
The following is a guest post by Vincent Maliepaard, Marketing Director at IntoTheBlock. When you first hear about Bitcoin staking, you might assume there's a mistake, given Bitcoin's Proof of Work (PoW) mechanism.
Bitcoin must overcome resistance in the $64,000 to $66,000 zone before a new set of growth catalysts initiate the path to six-figure BTC price territory.
Bitcoin (BTC) has recently made headlines by surpassing the $64,000 mark for the first time in three weeks. While it briefly retreated to around $63,450, this still represents a 2% increase in the past 24 hours and a remarkable 10% gain over the last week.
Bitcoin is a mess right now, and Wall Street is a big reason why. Once hailed as a revolutionary product that would change finance as we know it, Bitcoin is now acting like just another stock.
Recent data from Crypto Quant reveals a striking transformation in how institutional investors are approaching Bitcoin. Over the past five months, net short positions in CME Bitcoin futures have plummeted by a remarkable 75%.
Bitcoin has surged over the past few days, sparking a shift in market sentiment as investors take notice of its renewed momentum. Despite the recent price gains, key data from Coinglass reveals that Bitcoin's volatility remains notably low compared to past cycles.
Fidelity's FBTC reported the largest inflows worth $26.12 million, and Ark Invest and 21Shares' ARKB saw $21.99 million.
Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin's hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits.
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad” speculates that Bitcoin is heading to six figures as early as next year. Kiyosaki envisions that the price of the world's top cryptocurrency could hit a staggering $500,000 in 2025.
Bitcoin (BTC) is once again capturing the attention of investors as analysts predict an exciting future for the leading cryptocurrency. Recently trading around $63,623, Bitcoin has seen an impressive increase of nearly 10% over the last two weeks.
Bitcoin has performed well in the past few days after experiencing a strong downturn in the first two weeks of September. This rally kickstarted in the middle of this week after the Fed decided to slash the benchmark interest rate by 50 basis points (bps), a move that proved positive for cryptocurrencies.
On Friday, the U.S. Securities and Exchange Commission (SEC) issued approval for the world's largest wealth management BlackRock's Bitcoin options. They will be listed and then traded on the Nasdaq exchange under the IBIT ticker.
The SEC's approval of options trading for BlackRock's Bitcoin ETF marks a pivotal step towards broader institutional acceptance of cryptocurrency.
The spot bitcoin and ether exchange-traded funds (ETFs) experienced a second consecutive day of inflows, as both categories of funds posted gains. On Friday, spot bitcoin ETFs drew in $92 million, while spot ether ETFs collected $2.87 million.
An intriguing development for the cryptocurrency community, several miners from the early days of Bitcoin have recently moved their dormant 50 Bitcoin (BTC) rewards. This movement, linked to wallets created as early as January 29, 2009, marks a significant moment in the history of Bitcoin, drawing attention from enthusiasts and experts alike.
Several social measures imply that the cryptocurrency's boom could be ended soon. Bitcoin is trading at $63,219, down 0.09% in the last 24 hours as per data from CMC.
Bitcoin (BTC) is displaying impressive strength as the bulls prepare to reclaim dominance and embark on a robust upward trend. With the price approaching a crucial range, the trajectory of Bitcoin for the upcoming quarter could be significantly influenced.
VanEck has made a contrarian bet on BTC if Harris wins 2024 US elections
Bitcoin wallets that have been inactive for over 15 years have come back to life. These so-called “Satoshi era” wallets, which date back to 2009, recently moved a total of 250 BTC—worth approximately $15.9 million—to new wallet addresses.
The United States Securities and Exchange Commission (SEC) has approved BlackRock's proposal to offer options trading for its spot Bitcoin ETF (exchange-traded fund). BlackRock's ETF Launches Options Trading 8 Months After Debut On Friday, September 20, the SEC released a notice of approval for options trading for the iShares Bitcoin Trust (IBIT) on Nasdaq.
MicroStrategy, the world's largest corporate holder of Bitcoin, has purchased an additional $458.2 million worth of BTC. The business intelligence and “Bitcoin development” firm acquired 7,420 BTC at an average price of approximately $61,750, according to Michael Saylor, the company's co-founder and executive chairman.
With Bitcoin (BTC) experiencing a price rally partly triggered by the Federal Reserve's interest rate cut, a cryptocurrency analyst is warning that the momentum might be short-lived.
The U.S. Securities and Exchange Commission (SEC) has given the Nasdaq exchange the go-ahead to list and trade options for BlackRock's spot Bitcoin exchange-traded fund (ETF).
The U.S. Securities and Exchange Commission granted approval for Nasdaq to list and trade options on BlackRock's iShares Bitcoin Trust. Per the details shared in the official filing on Sept.
Bitcoin shows resilience amid Fed liquidity squeeze, targeting to break $65K for further gains.
Bitcoin has experienced a significant price surge since Tuesday, following the Federal Reserve's announcement of a 50 bps interest rate cut. This move pushed BTC past the critical $62,000 mark, a psychological level that has become a turning point for investor sentiment.
On Friday, Sept. 20, 2024, blockchain detectives were left stunned when five dormant bitcoin wallets from 2009 suddenly became active. In a fascinating twist, exactly nine years earlier on Sept. 20, 2015, a single block reward from 2009 was spent, with the owner transferring block height 2,800 along with several other block rewards.
Former President Donald Trump made waves by using Bitcoin to buy burgers at a Manhattan bar known for its focus on cryptocurrency. This unique campaign event at Pub Key comes as Trump ramps up his bid for the presidency in November, intertwining politics with the burgeoning world of digital assets.
Approval by the SEC of trading options for BlackRock's Bitcoin ETF, a major breakthrough for cryptocurrencies.
Ethereum hits a 40-month low against Bitcoin as traders lean towards BTC, driven by contrasting market sentiments and ETF inflows.
It's no news that altcoins in the crypto world are all racing to be the king of crypto dominance. However, OG meme coin Dogecoin (DOGE) is emerging as a frontrunner to potentially outshine the benchmark crypto, Bitcoin (BTC), in the current market cycle, according to a pseudonymous analyst.
The MSTR stock has outperformed all companies on the S&P 500 since the MicroStrategy Bitcoin adoption began in 2020. The software company has continued to accumulate the flagship crypto thanks to its former CEO and co-founder, Michael Saylor.
Industry support has most loudly gravitated toward former President Donald Trump, who has strongly embraced crypto after years of previous skepticism. Trump says he'll put a stop to the government hostility to cryptocurrency typified by the actions of Securities and Exchange Commission boss Gary Gensler.
Several ancient Bitcoin addresses are suddenly waking up after more than 15 years and moving hundreds of BTC. Whale-watching bot Whale Alert reports the abrupt awakening of five long-dormant Bitcoin wallets that moved on Friday a total of 250 BTC worth more than $15.9 million at time of transfer.
Bitcoin's MVRV momentum has shifted from negative to bullish territory.
Seattle-Tacoma International Airport has become the latest target in a string of cyberattacks, with hackers demanding a staggering $6 million in Bitcoin following a recent ransomware incident. The attack, which occurred late last month, has raised significant concerns about cybersecurity in critical infrastructure.
Cryptocurrencies held steady on Saturday as the recent momentum among risky assets waned. Bitcoin (BTC) retreated to $63,000 from this week's high of $64,000 while the total market cap of all coins remained at $2.2 trillion.
It was an incredibly busy week in crypto, and Bitcoin and other major coins are on the rise after the Fed cut. How long will it last?
A recent report from asset manager and crypto exchange-traded fund (ETF) issuer VanEck, led by Matthew Sigel and Nathan Frankovitz, examines Bitcoin's fundamentals, adoption trends, and emerging volatility in the wake of the Federal Reserve's interest rate cuts and the upcoming US presidential election.
A momental shift in the market dynamics could be soon witnessed with new money flowing into the space. As the Bitcoin price marked new monthly highs at $64,000, the shorts have got activated as they believed the bulls may not sustain the gains.
Cryptocurrency Prices Today: The cryptocurrency market has taken a step back from its uptrend. The global cryptocurrency market cap has corrected by -0.75% to $2.2T. Amidst the market conditions, Bitcoin is currently back to its $63k mark. In the meantime, Ethereum is holding onto its $2.5 levels.
With Bitcoin (BTC) hitting a pause at around $64K, the bear market trauma seems to have caused many investors to open short positions. But there are three critical reasons why you should not be shorting but buying Bitcoin (BTC) before 2024.
Legendary trader John Bollinger has shared his insights on the current Bitcoin (BTC) price action, offering his analysis of the market's movements. Known for his creation of the Bollinger Bands, a widely used technical analysis tool, Bollinger's observations remain valued by the crypto community.
The Bitcoin (BTC) price has resumed its upward momentum and has risen above the moving average lines. Price analysis by Coinidol.com.