Despite the recent Bitcoin (BTC) price correction after a significant rally that propelled the cryptocurrency to a record high of $123,000, some analysts remain optimistic about the potential for a renewed bull run. However, one expert has raised a concerning warning that could signal the end of this bullish cycle. Fears Of Mass Sell-Off According…
Veteran trader Peter Brandt delivered a sharp critique of Bitcoin holders this week. According to posts on X, Brandt, a septuagenarian with more than 800,000 followers, lashed out at those who “hodl” through thick and thin. He called them “a bunch of idiots who borrow money to buy pizza.” His message was blunt. He urged…
France is moving into a new phase of cryptocurrency adoption, as the country’s far-right political party, Rassemblement National (RN), is reportedly drafting a new law that would allow unused nuclear power to fuel Bitcoin mining operations. According to French newspaper Le Monde, party leader and three-time presidential candidate Marine Le Pen promoted the plan during…
Bitcoin’s price action has been on a downward slope recently, dipping to a low of $112,770 within the past 24 hours. The decline is enough to cause some concerns among short-term traders, but sentiment across the broader crypto community is still overwhelmingly optimistic. Among the voices still calling for higher prices is technical analyst Merlijn…
In the dynamic world of finance, Bitcoin has emerged as a leading asset, regarded as a reliable store of value and a hedge against failing financial systems. BTC continues to maintain its reputation as a hedge, with many prominent figures in the sector claiming that the asset could spur financial freedom and independence. The Bitcoin…
Indonesia’s Vice President’s office recently invited Bitcoin advocates to discuss whether adding crypto to the nation’s reserves could make sense. It was a session full of big ideas about money. According to Bitcoin Indonesia on X, the talks looked at using BTC mining as part of a reserve mechanism. No policy has been set yet,…
Crypto firm Galaxy Digital recently filed its Q2 report, which showed the amount of digital assets it currently holds. The report showed that the firm increased its Bitcoin exposure, while reducing its Ethereum and XRP holdings. Galaxy Digital Buys More Bitcoin, Offloads Ethereum and XRP Galaxy Digital’s Q2 SEC filing shows that the firm’s Bitcoin…
Bitcoin’s recent price momentum has significantly weakened, with spot market demand plummeting from -$107.1M to -$220.0M. This dramatic shift resulted from mounting sell-side pressure and has sparked widespread concern among market participants about whether the crypto bull run is dead. The deteriorating liquidity conditions have also impacted the ETF market, which experienced a substantial 25%…
Bitcoin (BTC) is holding just above $114,000 as investors digest a new U.S. crypto report that could dramatically ease tax pressure on miners. The White House’s latest 168-page policy proposal recommends taxing mining rewards only when sold, not when received, mirroring how gold is treated. Under current rules, miners pay taxes the moment they earn…
Bitcoin is trading in a vulnerable position, hovering below the critical $115K level and flirting with a potential breakdown towards $110K. After weeks of bullish momentum that propelled BTC to new highs, the market has entered a phase of caution and fear. The enthusiasm that once drove relentless buying has faded, replaced by increased selling…