As Bitcoin (BTC) steadily marches toward setting another all-time high (ATH), the cryptocurrency’s adoption is rising in parallel. In a recent X post, Vetle Lunde, senior analyst at K33 Research, highlighted that Norway’s Sovereign Wealth Fund has increased its indirect exposure to BTC. Norwegian Sovereign Wealth Fund Increased Bitcoin Stack Lunde noted that Norway’s sovereign…
Bitcoin price is correcting gains below the $121,200 zone. BTC is now consolidating and might aim for a move above the $120,500 resistance zone. Bitcoin started a downside correction below the $121,200 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…
Bitcoin’s recent rally pushed the cryptocurrency to retest the $122,000 level before facing a pullback. At the time of writing, BTC is trading at approximately $119,053, marking a short-term correction after reclaiming significant highs earlier in the week. The move comes as traders and analysts watch closely for signs of market strength or weakness at…
A Nasdaq-listed holding company preparing to pile into Bitcoin set off a social-media countdown this week, teasing a large purchase that has drawn wide attention across crypto circles. The company’s CEO posted that he planned to “smash buy $1 billion of bitcoin in a single bid,” then later clarified the real figure is closer to…
Bitcoin is trading at $119,745, up 1.02% in the past 24 hours, as traders digest fresh U.S. inflation data. July’s Consumer Price Index (CPI) rose 0.2%, matching expectations, while annual inflation held at 2.7%. Core CPI—excluding food and energy—climbed 0.3%, the largest monthly gain since January, pushing the year-on-year figure to 3.1% from June’s 2.9%….
Microsoft has recently rolled out a chip called Majorana 1 that its engineers say could point the way to building quantum computers with the scale people once only imagined. Google and IBM have also posted progress updates in recent months, and some in crypto called the news alarming. But Graham Cooke, a Google veteran-turned blockchain…
Miles Deutscher (631,000 followers on X) believes the crypto market is approaching a confluence of catalysts it has never enjoyed at this scale. In a thread posted on X in the early hours of August 12, the analyst wrote, “The stage is set for crypto’s biggest bull run ever,” arguing that the industry is facing…
Strategy, a publicly traded American company co-founded by Michael Saylor, is making headlines as rumors swirl about its massive $46 billion BTC stash being used as a potential backdoor for a US strategic Bitcoin reserve. The speculation arose after a crypto analyst claimed that Tom Lee, a well-known financial analyst and Wall Street strategist, suggested…
Bitcoin’s famously noted four-year cycle, previously tied to its halving occurrences, could be losing prime market driver status, according to some top experts. For decades, the halving—a built-in reduction of miner compensation every four years—had been preceded by sharp spikes and precipitous drops in price. Now, however, the market is more subject to the influence…
This current bull market cycle has seen a remarkable adoption from Bitcoin investors, especially at the institutional level, which has significantly contributed to its sharp rally towards a new all-time high. Despite trending near its new all-time high, big institutions do not seem to be slowing down in their purchase of the crypto king. One…