Bitcoin price is gaining pace above the $121,200 zone. BTC is now consolidating and might aim for a move above the $124,000 resistance zone. Bitcoin started a fresh increase above the $122,000 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…
Crypto firms may get fresh guidance from the Securities and Exchange Commission even if Congress takes its time, Republican Commissioner Hester Peirce told Bloomberg. Peirce, also known as “Crypto Mom”, said agency staff have been working on guidance since January and that the SEC plans to use its existing authority to clarify how securities laws…
Bitcoin has extended its upward momentum over the past week, gaining nearly 6% in that time and 1.8% in the past 24 hours. At the time of writing, BTC is trading at $120,499, maintaining its position near a key resistance zone between $119,000 and $120,000. Market data indicates that traders are watching this price area…
Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has increased its indirect holdings of Bitcoin to 7,161 BTC, valued at approximately $862.8 million as of June 30, according to new analysis from K33. This represents an 87.7% rise in the last six months and a 192.7% increase over the past year. The…
Bitcoin treasury firm Metaplanet has just delivered its strongest quarter ever, with revenue rising by 41% compared to the previous quarter. Metaplanet Has Seen A Sharp Flip In Net Income In a new post on X, Metaplanet has shared the numbers related to its Q2 2024 performance, revealing significant quarter-over-quarter growth in several key metrics….
US President Donald Trump is weighing legal action against Federal Reserve Chair Jerome Powell, tying the clash to his demand for an immediate interest rate cut. The standoff comes after fresh inflation data showed consumer prices cooling more than expected, raising speculation over how the Fed’s next move could ripple into digital asset markets. Bitcoin…
Bitcoin is eyeing a $130K breakout as Kazakhstan launches its first spot BTC ETF, marking a major step for regional adoption and adding fresh momentum to the cryptocurrency’s bullish trajectory. Kazakhstan Debuts Central Asia’s First Spot Bitcoin ETF Kazakhstan has officially entered the regulated Bitcoin investment arena with the launch of its first spot BTC…
Justin Bons, founder and CIO of Amsterdam-based Cyber Capital, ignited a new round of the proof-of-work versus proof-of-stake debate on Wednesday, asserting that Solana’s “economic security” now exceeds Bitcoin’s and trails only Ethereum’s among the largest networks. In a lengthy X post on August 13, Bons published point-in-time calculations that, by his model, put Ethereum…
Bitcoin has experienced remarkable upside action since it was launched in 2009, with its price rising to an all-time high of $122,000. Despite this massive growth in price since its inception, prominent figures in the financial sector continue to advocate for an investment in Bitcoin, claiming it is still in its early stages. New Buyers…
Bitcoin (BTC) is holding firm near $121,930 after rallying from $116,000 earlier this week, even as profit-taking activity remains muted. On-chain data from Glassnode shows that daily realized profits are averaging under $750 million in August—well below January and July peaks of $2 billion, despite BTC trading close to record highs. ✦ 𝐖𝐞’𝐯𝐞 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 𝐜𝐫𝐨𝐬𝐬𝐞𝐝…