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news-imageOctober 28, 2024

Bitcoin Policy Institute Lays Out Six Reasons for Central Banks To Adopt BTC As Reserve Asset

A Bitcoin-focused nonprofit organization is outlining several reasons why central banks should adopt BTC as a reserve asset. In a new paper, the Bitcoin Policy Institute (BPI) says Bitcoin is an effective portfolio diversifier that can shield central banks against macroeconomic threats emerging across the globe.
Publisher: The Daily Hodl
Sentiment: Positive
BTC

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Positive
cover-imageBenzinga
October 28, 2024

Bitcoin Closes In On $70,000: Is This The Rally To A New All-Time High?

Key Bitcoin (CRYPTO: BTC) indicators suggest the apex crypto could be on the verge of a significant rally as a veteran analyst downplays the influence of the presidential election on Bitcoin's trajectory. What Happened: Bitcoin could be set for another rally, according to crypto analyst Caleb Franzen, who observed a sharp shift in a momentum indicator used by traders to gauge buy and sell signals.

Positive
cover-imageBenzinga
October 28, 2024

'Asia's MicroStrategy' Metaplanet Buys Another $10.4M In Bitcoin, Exceeds 1,000 BTC Holdings

Tokyo-listed Metaplanet Inc. has announced a significant expansion of its Bitcoin (CRYPTO: BTC) holdings with an additional purchase valued at approximately $10.4 million, further establishing its presence in the digital asset market. What Happened: The recent acquisition, totaling 156.783 BTC at an average price of $66,575 per Bitcoin, brings Metaplanet's total Bitcoin holdings to over 1,018 BTC, currently valued at around $67.1 million.

Positive
cover-imageCoinPedia
October 28, 2024

Bitcoin Set to Hit $72,000, Thanks to Metaplanet's Strategic Move

The overall market is currently struggling and investors seem to hesitate while bidding on any cryptocurrency due to strong market volatility. Amid this, Japanese investment giant, Metaplanet has captured market attention with its latest strategy ahead of the United States presidential election. Metaplanet's 156.

Positive
cover-imageCoingape
October 28, 2024

4 Crypto to Buy as BTC Eyes $70K Again

The cryptocurrency market is regaining traction as Bitcoin surges past the crucial $69K level, with investors anticipating a potential $70K breakthrough. As Bitcoin rallies, certain altcoins are positioned for significant upward movement, potentially offering robust returns in the coming days.

Positive
cover-imageThe Currency Analytics
October 28, 2024

Solo Bitcoin Miner Hits the Jackpot: Wins $222,000 Lottery by Securing Entire Block Reward

A solo Bitcoin miner has hit the jackpot, securing a staggering $222,000 by successfully processing a block on the Bitcoin network. This remarkable feat shines a spotlight on the unpredictable and often exhilarating world of cryptocurrency mining, where individual miners can occasionally achieve what typically falls to large, powerful mining pools.

Positive
cover-imageBenzinga
October 28, 2024

Emory University Follows Tesla, Block And PayPal With $16M Bitcoin Investment

Emory University has disclosed a $16 million investment in the Grayscale Bitcoin Mini Trust (NYSE:BTC), placing it among the first higher education institutions to dive into Bitcoin (CRYPTO: BTC) holdings. This move follows a trend set by corporate giants like Tesla, Block Inc. (formerly Square) and PayPal, which have each added Bitcoin to their balance sheets in recent years.

Negative
cover-imageCoindesk
October 28, 2024

Sliding Copper-to-Gold Ratio Presents Bitcoin Bear Case

Bitcoin's best years have been characterized by copper's outperformance relative to gold but the widely-tracked ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets. What does the sliding copper-to-gold ratio mean for bitcoin?

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