Bitcoin has retreated from last week’s record high above $124,000, slipping by over 8% in recent days. At the time of writing, the cryptocurrency trades around $113,867, reflecting a 6.3% decline over the past seven days. The correction has raised questions about the forces driving current market dynamics, particularly the role of large holders in…
Bitcoin’s function in institutional portfolios is continuous to evolve, with new analysis from Bitwise Asset Administration suggesting the asset may turn out to be the strongest-performing main funding class within the years forward. In accordance with a preview of the agency’s forthcoming Lengthy-Time period Capital Market Assumptions (LTCMAs), Bitwise expects Bitcoin to ship a median…
In a thread on August 19, analyst Miles Deutscher argued that MicroStrategy’s market-implied internet asset worth (mNAV) premium—the core gear in Michael Saylor’s Bitcoin acquisition flywheel—has compressed sharply, weakening the suggestions loop that helped the corporate outpace Bitcoin by way of a lot of the cycle. “Michael Saylor constructed the craziest BTC flywheel in historical…
Bitcoin is buying and selling at a vital help degree after reaching a brand new all-time excessive of $124,500 earlier than swiftly shedding the $115K degree in lower than every week. The sudden reversal underscores the sharp rise in volatility, with bulls and bears locked in a battle for momentum. Whereas some analysts argue that…
After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency. Bitcoin To Fall More? Crowded Long Trade Gives Hint According to a CryptoQuant Quicktake…
Heightened bearish strain continues to hamper Bitcoin, inflicting the flagship asset to fall in the direction of the $113,000 worth mark after reaching a brand new all-time excessive of $124,000 every week in the past. Whereas BTC’s worth has fallen sharply, buyers are demonstrating strong curiosity within the asset, particularly on Binance. Binance Data Rising…
Bitcoin’s core promise of decentralization is dealing with a serious take a look at. Two swimming pools now management a majority share of the community’s hashrate. This stage of focus challenges the very basis of Bitcoin’s decentralized ethos. In an X post, Jacob King, the CEO of WhaleWire, acknowledged that two mining swimming pools now…
Bitcoin appears to have shifted right into a bearish temper because it retests the $113,000 worth stage, elevating questions on a possible bear market part. Nevertheless, Anthony Scaramucci stays assured that BTC will get better from the continued downtrend and surge to a brand new excessive of $180,000 and past in 2025. Scaramucci Retains $200,000…
SoFi will roll out a Bitcoin-powered worldwide cash switch service inside its client app, changing into—per Lightspark CEO David Marcus—“the primary US financial institution to make use of Bitcoin and Common Cash Addresses (UMA) to supply 24/7, realtime, low cost world funds.” The mixing makes use of the Bitcoin Lightning Community because the cross-border settlement…
The crypto market faced a sharp jolt this week as nearly $1 billion flowed out of U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs), coinciding with a steep decline in Bitcoin’s price to $112,000. The massive withdrawals, recorded on Tuesday, marked the second-largest daily outflows for both Bitcoin and Ethereum ETFs this month, underscoring growing…