Michael Saylor, the chairman of MicroStrategy, recently predicted that Bitcoin could reach an astonishing $13 million by the year 2045. This forecast is not just pie-in-the-sky thinking; it's rooted in Saylor's belief that Bitcoin could capture a significant portion of global capital.
Gold and Bitcoin reach new highs after the rate cuts. However, who will fall first in the face of economic uncertainties?
Investors continue to feel bullish, throwing $321 million at crypto funds for the second straight week of gains, led by Bitcoin ETFs.
The new week has started with the bears' pressure on, according to CoinMarketCap.
Bitcoin bears are defending the $65,000 resistance, but if it gives way, BTC and altcoins are likely to chase new all-time highs.
Ethereum (ETH) has recently made headlines as it reclaimed the $2,500 mark following a significant shift in market sentiment. However, the ETH/BTC trading pair has been struggling, hitting record lows against Bitcoin (BTC).
Fred Thiel, chairman and chief executive officer at Bitcoin mining behemoth Marathon Digital, has predicted "rapid innovation" and "rapid disruption" on energy markets.
42 cryptocurrencies have outperformed Bitcoin (CRYPTO: BTC) in 2024, with most of them listed on Binance, according to on-chain analytics provider Lookonchain. What Happened: 25 are listed on Binance and 20 were listed in 2023 or earlier, providing ample opportunity for traders to capitalize on their growth, the data provider tweeted on Friday.
China continues to control 55% of the global Bitcoin network's hashrate, despite a ban on crypto mining and trading that has been in effect since 2021.
Former Coinbase CTO Balaji Srinivasan spoke at the Network State Conference in Singapore on Sept. 22 about Bitcoin's potential to protect wealth against inflation.
At the end of this week, on Sept. 29, Sunday, the renowned founder of the Binance exchange and the creator of its native token BNB, Changpeng Zhao (CZ), is to be released from prison after he finishes his four-month sentence.
TL;DR Investment products in the crypto market have seen inflows of $321 million in the last week, driven by a 50 basis point interest rate cut. Bitcoin has captured the majority of the flows with $284 million, while short products have received $5.1 million. The U.S.
Despite China's ongoing ban on cryptocurrency trading and mining, the country continues to dominate the Bitcoin network, controlling 55% of the global hashrate, according to data shared by Ki Young Ju, CEO of CryptoQuant. What Happened: This information is corroborated by Bitbo's mining data, which shows China's sustained influence over Bitcoin (CRYPTO: BTC) mining pools.
Bitcoin Core developers have raised an alarm about a serious vulnerability impacting around 17% of the network.
Data shows the Bitcoin trader sentiment has remained neutral recently, suggesting the market is currently not sure about a bullish outcome.
Recently, Peter Brandt, who is considered a legend in trading on the financial markets and has been active in that sphere since the 1970s, revealed that he is currently excited about major cryptocurrency Bitcoin (BTC). This insight came after Brandt reviewed the ratio of BTC to gold, where the former is considered a kind of analog of the precious metal and is often referred to as "digital gold.
Bitcoin's (CRYPTO: BTC) on-chain data is showing key support levels that suggest a potential turning point for the cryptocurrency, indicating a positive outlook for the long-term trajectory of its price. What Happened: According to data from CryptoQuant, several on-chain metrics have hit critical support points, historically marking the end of bear markets and the beginning of new bull runs.
BlackRock has put forward an amendment for its BTC ETF fund because of concerns of investors about the on-chain settlement practices of Coinbase. The amendment involves the requirement to withdraw BTC within 12 hours from Coinbase.
In a statement made exactly 14 years ago, pseudonymous Bitcoin creator Satoshi Nakamoto highlighted the potential of Bitcoin for everyday payments.
Veteran analyst Peter Brandt is making a bold prediction that is creating a lot of talk in the crypto arena: by 2025, Bitcoin should see its price jump 400% relative to gold. Related Reading: Solana Jumps 10% As Fed Eases Rates, Analysts Eye Even Higher Gains He feels that, according to the market patterns witnessed so far, Bitcoin could soar to the equivalent of around 123 ounces of gold.
Bitcoin is undergoing one of the volatile weeks of 2024 the times when the volume has remained within an average range since May. A bullish move activates the higher targets, while the bear's pullback raises the possibility of plunging below the local support.
American businessman, entrepreneur and CEO of MicroStrategy Michael Saylor, known as a fierce supporter of Bitcoin (BTC), came to the public with a new post on the major cryptocurrency.
In response to mounting investor concerns over the security and transparency of Bitcoin exchange-traded funds (ETFs), BlackRock has amended its agreement with Coinbase, demanding that the crypto custodian process Bitcoin withdrawals within 12 hours.
Bitcoin's potential parabolic rise amid macroeconomic shifts could significantly impact risk asset strategies and market dynamics. The post Bitcoin gears up for ‘transition phase' as parabolic rise looms, trader highlights appeared first on Crypto Briefing.
Former White House Director of Communications Anthony Scaramucci reacted tongue-in-cheek to Vice President Kamala Harris' supportive comments about digital assets, which would mark a departure from the current administration's track record. What Happened: Scaramucci, who will be a headline speaker at Benzinga's upcoming Future of Digital Assets event on Nov. 19, quipped on his X account that “Kamala means Bitcoin in every language.
It took the Bitcoin winner some time to realize his good fortune because he said the deck "looked better in the binder."
The performance of digital assets shocked market watchers as different products witnessed a significant second week of positive inflows. The crypto space recorded a massive $321 million to stay green at the close of trading.
Bitcoin (BTC) has experienced a significant rebound in recent weeks, surging over 8% to climb above $63,000. This upward momentum comes on the back of key economic shifts, including the U.S. Federal Reserve's decision to cut interest rates, further fueling optimism around the world's largest cryptocurrency.
As Bitcoin (BTC) continues to trade below its all-time high of above $73,000, the maiden cryptocurrency has seen a growth in the number of millionaire holders in 2024.
Cryptocurrency prices were mostly flat on Sep. 23 as traders embraced a wait-and-see approach after last week's Federal Reserve decision.
Quantum Blockchain Technologies PLC is establishing itself as a key player, pushing the boundaries of technological innovation with the introduction of new methods based on artificial intelligence (AI) and quantum computing to optimize calculations related to the SHA-256 protocol used in Bitcoin mining.
China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021
Digital asset investment products saw inflows for the second consecutive week this month, with investors pouring $321 million into the industry, according to CoinShares‘ latest weekly report. This influx boosted the total assets under management (AuM) for crypto exchange-traded products (ETPs) by 9%, bringing the total to $85.8 billion.
As the Chicago Fed's NFCI hits its loosest levels since 2021, Bitcoin rallies—could looser financial conditions spark another bull run?
Bitcoin hashrate dynamics are moving rapidly as the crypto gets ready to enter the next phase of an ever-evasive bull run. The latest data reveals that the BTC hashrate dominance is now shifting towards United States mining companies despite China's renewed efforts to boost the industry.
The Bitcoin market has been somewhat noisy, but it looks likely that we are going to see a lot of support given enough time. Whether or not we can breakout at this point in time, it's a serious question as Bitcoin has underperformed until recently.
Bitcoin is a tool for financial independence and privacy, helping women reclaim control over their lives after experiencing domestic violence and financial abuse,
After a Bitcoin and Layer 2 conference in Japan, which focused on promoting crypto adoption at a governmental level, Samson Mow, a Bitcoin proponent, and CEO of JAN3, is now encouraging the Japanese government to acquire 167,000 BTC. Representatives from major banks, fintech firms, and regulatory bodies in Japan attended the conference.
Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms' special shareholder meeting on Nov. 6, 2024.
Bitcoin has been widely discussed after the world's largest asset manager, BlackRock, filed for spot ETF. Since then, BTC Options for institutional clients have been approved.
Bitcoin's price has been recovering over the past couple of weeks. The market is in a critical area, which could determine its mid-term future.
Following the ongoing global economic shift catalyzed by the recent Fed rate cut last week, more institutional investors are eyeing the Bitcoin (BTC) and altcoin industries. Furthermore, the impressive performance of Gold (XAU) is expected to boost the crypto bullish outlook in the fourth quarter.
Bitcoin reached a new all-time high of $73,880 in USD terms earlier in 2024, but toppling it by 2025 does not take it above 2021's inflation-adjusted value.
BlackRock and ETFs have saved “BTC's price from the abyss repeatedly,” according to Bloomberg's senior ETF analyst.
A high leverage ratio reflects growing bullish sentiment as traders increase their margin positions on BTC.
Crypto bettors are speculating about another rate cut, with Polymarket showing a near-even split: 43% expecting a 50 bps cut and another 48% anticipating a 25 bps reduction.
The U.S. Securities and Exchange Commission (SEC) recently approved the listing of physically settled options for BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). This approval is seen as a big deal for the crypto market.