David Bailey, a Bitcoin adviser to Donald Trump and the CEO of Bitcoin Magazine, has announced plans to create a $200 million political action committee (PAC). The goal is to advance Bitcoin-friendly policies and support pro-crypto candidates in the political arena.
Bitcoin has dipped below the $115,000 mark as President Trump's new tariff order introduced fresh uncertainty into the markets. Investors are reacting to the shifting economic landscape, with market sentiment turning more cautious amid concerns over potential trade disruptions and their economic impact.
Bitcoin is trading steadily within a narrow price range as investors await the decision from the Federal Open Market Committee (FOMC). The market remains cautious, with the Fed Chair's speech seen as critical for the price's next directional move.
A Satoshi-era Bitcoin holder moved $1.1 billion worth of Bitcoin to centralized exchanges, raising concerns about a potential market correction. Galaxy Digital managed the transactions, liquidating nearly 30,000 BTC while retaining a sizable portion.
The rise of Bitcoin ETFs challenges the core principles of self-custody, as more investors opt for institutional custody solutions instead of managing private wallets. This trend marks a significant shift in behavior in the cryptocurrency market.
According to the International Monetary Fund (IMF), El Salvador has not purchased any Bitcoin since signing a loan agreement in December 2024, despite claims to the contrary from El Salvador's Bitcoin Office. The $1.4 billion loan agreement included terms to scale back El Salvador's involvement in Bitcoin.
A $9.6 billion Bitcoin transfer by a Satoshi-era whale and stablecoin audit requirements from the GENIUS Act are sparking correction concerns. The GENIUS Act, aimed at regulating stablecoins, has passed Congress and awaits President Trump's signature.
A new 'golden cross' has appeared on Bitcoin's daily chart, a technical pattern that has historically preceded significant price increases. Analysts are closely watching, as similar patterns in the past have led to gains exceeding 2,000%.
A Satoshi-era Bitcoin whale, dormant for 14 years, moved a second 40,192 BTC pile to Galaxy Digital, completing a $9.54 billion offload over three days. The moves suggest potential sales, with Galaxy Digital facilitating OTC trades.
Block Earner debuts Australia's first Bitcoin-backed home loan, offering crypto holders a new path to property ownership as the country faces soaring housing costs. Borrowers can access up to 50% of a property's value using BTC.
According to Fidelity's Jurrien Timmer, Bitcoin is in the middle of its adoption curve, comparing its growth to that of the internet. Data indicates increased corporate adoption and inflows into digital asset products, suggesting a maturing market.
RGB Protocol launches on Bitcoin mainnet, enabling tokenized assets like USDT, NFTs and DeFi apps with enhanced privacy and scalability. RGB uses client-side validation, which keeps asset activity offchain while anchoring proofs to Bitcoin transactions.
Pakistan's Crypto Minister met with El Salvador's President to discuss Bitcoin strategies, including mining, reserves, and education. They also signed a letter of intent to collaborate on Bitcoin and digital asset initiatives.
Calamos Investments has filed for a new Bitcoin ETF employing an options strategy tied to five major Bitcoin funds. The ETF aims to provide diversified exposure to the cryptocurrency market, managing risk and optimizing returns through options contracts.
Roger Ver, also known as 'Bitcoin Jesus,' is suing Spain to block his extradition to the US regarding tax evasion charges. The lawsuit claims Spain violated his legal protections, while US prosecutors accuse him of evading over $48 million in taxes.
Bitcoin maintains its bullish momentum following US Producer Price Index (PPI) data, with investors eyeing liquidity near $120,000. Analysts are closely monitoring resistance and support levels as the cryptocurrency market remains sensitive to macroeconomic data.
Cathie Wood's ARK Invest offloaded 225,742 shares of the ARK 21Shares Bitcoin ETF (ARKB) after a 3-for-1 stock split in June. The sale occurred shortly after ARKB hit a new all-time high above $39 in early July, equivalent to nearly $118 on a pre-split basis [11, 12].
Bitcoin price has reached new highs, but analysts believe it has room to grow. Watch key BTC price levels and forecasts for 2025, as market momentum remains strong.
Ethereum is showing momentum against Bitcoin, with a potential 30% rally. Breaking key resistance levels and increasing institutional adoption are fueling the rise. Analysts predict further gains, with ETH targeting higher price levels.
In 2018, Bulgaria sold over 213,500 Bitcoin it had seized in 2017. This move has reignited the debate over whether governments should treat crypto as a reserve asset, as the value of those Bitcoin could have paid off the country's public debt.
Crypto spot trading declined by 22% in Q2 2025, despite the Bitcoin rally. The drop is attributed to decreased altcoin activity, while the derivatives market remained resilient. Binance dominated trading, accounting for over 35% of global activity.
Crypto analyst predicts Bitcoin's market dominance may have peaked if Ethereum's price continues its upward trend. Ethereum's surge and growing confidence in altcoins suggest a potential shift in market dominance.
GameStop CEO Ryan Cohen has teased that the company may accept crypto for trading card purchases and sees the company's Bitcoin investment as an inflation hedge. GameStop will look at all cryptocurrencies as a possible payment method.
A Satoshi-era Bitcoin whale has awakened after 14 years of dormancy, moving $4.6 billion worth of Bitcoin. This move is being closely monitored by the cryptocurrency community, as whale actions can significantly impact the market.
Bitcoin speculators' cost basis has reached record levels, boosting support at $100,000. Mass profit-taking from BTC holders has led to a price dip, but support remains strong.
Bitcoin price is at risk of dropping to $114K due to whales taking profits. Increased whale activity on Binance may increase market volatility. Analysts are closely monitoring the movements of large Bitcoin holders.
Bitfinex reports that retail demand for Bitcoin is outpacing supply, supporting a bullish trend in the market. Retail investors are accumulating Bitcoin faster than miners can produce it, boosting its price.
Bitcoin hits new highs as institutional adoption grows. Bitcoin ETFs now hold significant assets, reducing volatility and increasing accessibility. Increased demand and improved infrastructure support Bitcoin's transition into a functional medium of exchange.
Vanguard, despite crypto skepticism, holds significant Strategy shares due to index inflows.
KindlyMD, a Nasdaq-listed company, raised $51.5 million in just 72 hours through a PIPE deal to purchase Bitcoin. This move signals a shift towards a Bitcoin-focused strategy, ahead of its merger with Nakamoto Holdings.
Bitcoin reached new all-time highs, surpassing $119,000, as traders eye a 7-week uptrend. The surge is supported by inflows into Bitcoin ETFs and increased interest from institutional investors, with analysts predicting further gains if Bitcoin maintains its bullish momentum.
Bitcoin has reached new highs, but retail interest is limited. The Bitcoin surge appears to be driven mainly by institutional investors, with increased inflows into spot Bitcoin ETFs. Many believe retail investors perceive the current price as too high to enter the market.
Peter Schiff, a known Bitcoin critic, suggests selling Bitcoin for silver, arguing silver has greater upside potential. The suggestion comes as Bitcoin hits new highs, with many remaining optimistic about its continued momentum.
A teen, Veer Chetal, stole <a href="https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHCjwlUWcyq0RuPlNEXYJmAK7wgDQX5DNk9wGbb5emrFPdOxgu9ooF39l4ad9ZtB3bHiYD99Vs2zX1EvUO8DeRfrkl2h51Psm8m6-6Iu5w6T3v1qg4xLEsL5by7O9ks_o1royVH8eDwtM2aIEGFv9iX_ScySLbpOQF9Z2QlZgQLWz1h6-kji7uiaHbFAcHM1V9vAHCg4_JRnLrJZjXsAduN5KPTtUP7Iw==">$243 million in Bitcoin</a> through social engineering and revealed his identity on livestream [1, 2, 3]. Chetal was arrested and faces charges of fraud and money laundering [5, 8, 9].
US spot Bitcoin ETFs recorded over $1 billion in inflows for the second consecutive day, reaching a historic high. BlackRock and Fidelity led the inflows, marking a strong week for Bitcoin ETFs.
Bitcoin $120K expectations are fueling select altcoins like ETH, HYPE, UNI, and SEI. Bitcoin has surpassed $118,800, indicating sustained buying. US spot Bitcoin ETFs saw increased inflows, suggesting institutional investors expect BTC's uptrend to continue [1].
The S&P 500 reached a record high, but its performance in Bitcoin terms declined. Bitcoin has significantly outperformed the S&P 500 in 2025, underscoring the growing influence of digital assets in financial markets.
Peter Schiff, a well-known Bitcoin critic, advises investors to sell their Bitcoin holdings and buy silver as Bitcoin hits new highs. He argues that silver is a more stable and undervalued alternative.
Running a Lightning node can offer passive income through transaction routing fees. However, it requires technical expertise, continuous monitoring, and an initial investment in Bitcoin and hardware. Profitability depends on factors like connectivity, uptime, and effective fee management.
Bitcoin supply is shrinking, with analysts warning of a potential supply shock. Michael Saylor's aggressive Bitcoin accumulation and increasing institutional demand are intensifying the pressure, leading to speculation about significant price movements.
Bitcoin surged to new highs, triggering billions of dollars in short position liquidations. Analysts attribute the rise to increased institutional demand and crypto-friendly policies.
Analysts predict Bitcoin's price will likely reach $130,000 before significant profit-taking occurs, driven by increased accumulation and positive market momentum. Rising institutional demand and technical indicators support this bullish outlook.
Bitcoin reached new highs, surpassing $113,800, as stablecoin reserves surged and retail investor selling subsided [13]. Liquidity influx and increasing institutional participation support the rise, with analysts predicting further upward momentum [5, 15].
India is weighing Bitcoin's role in national reserves amid rising global adoption, political interest, and energy potential. A top Indian politician has suggested piloting a national Bitcoin reserve, underscoring the need for a clear cryptocurrency policy in India.
Inflows into U.S. spot Bitcoin ETFs have surpassed $50 billion, marking a significant surge in institutional demand. BlackRock's iShares Bitcoin Trust (IBIT) leads the inflows, indicating a growing trend for Bitcoin investments through ETFs.
According to 10x Research, crypto investors may be underexposed to Bitcoin, as traders show increased optimism for the asset. 10x Research's Bitcoin trend model indicates a 60% chance of further upside in the next two months, with historical data suggesting a potential 20% gain.
The Bitcoin rich list for 2025 reveals a shifting, yet highly concentrated distribution of BTC power. Exchanges like Binance top the list, while MicroStrategy leads corporate holdings. The U.S. now holds the largest sovereign stash of BTC.
Bitcoin is testing the $110,000 level, with traders anticipating increased volatility. Analysts are closely monitoring RSI indicators and macroeconomic developments, such as the Consumer Price Index (CPI), to determine Bitcoin's next move. Forecasts for 2025 remain bullish, with potential prices ranging from $100,000 to $150,000.
A Bitcoin analyst warns that time is 'running out' for another parabolic rally, citing technical indicators and the four-year cycle. Despite short-term volatility, the long-term outlook remains strong, with potential price targets between $280,000 and $530,000 if the historical pattern repeats.
A report reveals that Bitcoin's mass media coverage was limited and polarized in Q2, despite Bitcoin reaching an all-time high. Major financial newspapers provided minimal coverage of Bitcoin, leaving a gap filled by other media outlets.
Bitcoin is in a consolidation phase, with bulls buying minor corrections while pushing BTC's average daily trading price higher. Technical analysis suggests a potential upside breakout, targeting $150,000 if the $110,530 resistance is breached.
Japanese company Remixpoint announced it will pay its CEO entirely in Bitcoin, a pioneering move for a listed company in Japan. This decision aims to align management's interests with those of shareholders and enhance corporate value.
The Bitcoin Mayer Multiple indicates that despite Bitcoin's price being near all-time highs, it is 'undervalued.' Analysis of the Mayer Multiple indicator suggests Bitcoin has room for a new upward impulse, potentially targeting a bull market peak in October 2025.
BitFuFu Inc. reported an 11.3% increase in Bitcoin production for June 2025, reaching 445 BTC. The company also recorded peak hashrate and power capacity levels, reaching 36.2 EH/s and 728 MW respectively. Total Bitcoin holdings increased to 1,792 BTC.
BlackRock's iShares Bitcoin Trust (IBIT) now holds over 700,000 Bitcoin, worth approximately $75.5 billion. Since its inception in January 2024, IBIT has delivered a total return of 82.67%, even surpassing BlackRock's flagship S&P 500 ETF in revenue.
The U.S. Securities and Exchange Commission (SEC) has accepted Trump Media's application for a Bitcoin and Ethereum exchange-traded fund (ETF). The ETF proposes offering investors exposure to Bitcoin and Ether through shares listed on NYSE Arca.
Bitcoin Futures show renewed strength with rising open interest. Traders are increasing their long positions, potentially targeting $112,000. Analysts are closely watching the $116,000 resistance, which could lead to further gains.
Europe's Blockchain Group and UK's Smarter Web Co. increased their Bitcoin stashes. The Blockchain Group purchased 116 Bitcoin, while Smarter Web Co. added 226.42 Bitcoin to its holdings.
Bitcoin's Bollinger Bands have reached a critical point, signaling a potential upside breakout. Many analysts and traders are closely watching this volatility squeeze, with many predicting an imminent upside breakout for Bitcoin.
Bitcoin is near critical resistance levels, with analysts predicting a potential breakout towards $165,000 if it surpasses $116,000 [1]. Meanwhile, the upcoming "Crypto Week" in Washington and Elon Musk's support are boosting the token [13].
Elon Musk confirmed his newly formed ‘America Party’ will embrace Bitcoin, stating that fiat currencies are “hopeless”. This move marks a significant shift towards integrating cryptocurrencies into politics.
Bitcoin is approaching new highs as the extension of the US tariff deadline and renewed support from Elon Musk boost risk appetite. Analysts predict a potential surpassing of previous records.
Blockchain intelligence firm Arkham reports that the recent $8.6 billion Bitcoin transfer doesn't appear to be leading to a sell-off. Arkham suggested the transfer may be related to a wallet upgrade.
Fund manager Bill Miller IV argues that taxing Bitcoin is illogical because the government doesn't manage its property rights—the blockchain does. His view contrasts with IRS regulations, which treat crypto as property subject to capital gains and income taxes, creating ongoing uncertainty for investors.
Globally renowned rapper Drake has made a notable reference to Bitcoin in his new single, 'What Did I Miss?'. The lyric uses Bitcoin's volatility as a metaphor for betrayal and unpredictability, highlighting the cryptocurrency's growing cultural significance.
A Bitcoin transfer worth over $9 billion from wallets linked to the defunct Mt. Gox exchange was not a hack, but a planned step toward creditor repayment. The rehabilitation trustee confirmed payments will begin in July 2024, calming market fears of a massive, unscheduled sell-off.
Retail investor demand for Bitcoin has not disappeared; it has shifted to spot Bitcoin ETFs. Data reveals that retail investors are the driving force behind the significant inflows into these new, regulated investment products, preferring their ease of access and security over direct ownership on crypto exchanges.
Investigating the use of AI like ChatGPT to predict Bitcoin's movements reveals its potential in sentiment analysis. However, limitations including a lack of real-time data and inherent market volatility mean its predictions are supplementary rather than definitive, highlighting both its capabilities and significant risks.
The movement of billions of dollars worth of Bitcoin from long-dormant wallets dating back to 2010 and 2011 has ignited intense speculation within the crypto community. This transaction, originating from the "Satoshi era," raises questions about the identity and intentions of the holders.
Analysts predict Bitcoin could benefit significantly from a potential 'Big Beautiful Bill' under a second Trump administration. This optimism stems from Trump's increasingly pro-crypto stance and policies aimed at boosting the economy and deregulation, which are seen as favorable for the digital asset.
A "Satoshi-era" Bitcoin wallet, dormant for over 14 years, has moved 10,000 BTC valued at approximately $1.09 billion. This move, by an early holder who acquired the coins when they were worth less than a dollar each, has sparked significant speculation within the crypto market.
A solo Bitcoin miner managed to mine an entire Bitcoin block with relatively low computing power, earning approximately $350,000. The miner used only 2.3 petahashes, having a 1 in 2,800 chance of solving a block each day.
A trader warns that Bitcoin must hold above $108K to avoid a bearish spiral. Failure to maintain this level could lead to a significant drop, while surpassing the all-time high could lead to new highs.
Bitcoin production fell in June due to power curtailments and adverse weather conditions. Companies like Riot Platforms and MARA Holdings reported decreased production, while Cipher Mining voluntarily curtailed production to avoid high grid charges.
Bitcoin surpassed $109,000, indicating bulls control the market and increasing chances for new highs. Bitcoin's price has risen sharply, with analysts predicting further gains up to $120,000, supported by strong inflows into spot Bitcoin ETFs.
Quantum computers have the potential to recover lost Bitcoin, but the threat to Bitcoin security is limited. Experts believe quantum computers that can break encryption are decades away, but the Bitcoin community is taking steps to address this challenge.
Bitcoin faces volatility as US jobs data impacts expectations for Federal Reserve rate cuts. Analysts are closely monitoring market reaction, with potential implications for Bitcoin's price in the short term.
Bitcoin price rallied 80% the last time BTC funding rates flipped red. A large cluster of potential short liquidations near $111,320 could trigger a squeeze to accelerate Bitcoin's next leg higher into price discovery.
The IMF has rejected Pakistan's proposal to offer subsidized electricity for Bitcoin mining, citing risks of economic imbalances and market distortion. This decision casts doubt on Pakistan's plans to use surplus electricity to develop its cryptocurrency sector.
Bitcoin analysts explain why the Bitcoin price can't break the $112K all-time highs, analyzing current market dynamics and the conditions needed for a potential breakout.
Bitcoin aims for new highs, with its price rising above $109,000. Increased open interest in BTC futures and stable funding suggest strong demand. Analysts predict a potential Bitcoin price of $137,000.
Bitcoin rallied to $109.7K, but professional traders question the price momentum. Despite the rally, data suggests traders remain cautious, raising questions about the sustainability of the rally.
Bitcoin's STH cost basis, MVRV data, and other technical indicators suggest that BTC price is on track toward $117,000 [3]. Analysts suggest a breakout above $109,000-$110,000 could push BTC to fresh all-time highs [3].
Bitcoin surged to $108,000 as US jobs data showed a significant drop, leading to a short squeeze. Labor market weakness increases the odds of Federal Reserve interest-rate cuts, boosting risk assets.
Belgian banking group KBC will allow retail clients to trade Bitcoin and Ether via its investment platform Bolero starting this autumn. The move marks the first time a major Belgian bank has entered the Crypto market.
Bitcoin traders adopt a defensive stance as the 15-day inflow streak into U.S. spot Bitcoin ETFs ended with $342.2 million in outflows. Meanwhile, Ethereum ETFs saw inflows, with interest shifting.
Standard Chartered forecasts Bitcoin to reach $135K in Q3 2025, driven by increased corporate buying and ETF inflows. The bank anticipates Bitcoin reaching $500,000 by 2028. Analyst Geoffrey Kendrick cites strong institutional interest.
New research indicates Bitcoin profit-taking makes the $140,000 level a key price point for long-term holders (LTHs). LTHs are not as deep “in the black” as they were earlier in 2025, and to return to those profit levels, BTC would need to reach $140,000.
A U.S. judge has allowed Celsius's $4 billion lawsuit against Tether to proceed, concerning the Bitcoin liquidation. Celsius claims Tether improperly liquidated 39,500 BTC in June 2022, violating their lending agreement.
According to Glassnode, a 'super-majority' of Bitcoin holders are holding $1.2T in unrealized profits. The trend indicates a strong preference for HODLing, as the current price is not considered compelling enough for significant profit-taking.
Crypto market sentiment holds steady despite Bitcoin dropping near $105,000. The Crypto Fear & Greed Index remains in 'Greed' territory, indicating cautious optimism.
Bitcoin faces a deeper drop risk as it fell below key support levels. Analysts warn of a potential further correction, with the $100,000 level being a key reference point.
Bitcoin supply on crypto exchanges has dropped below 15%, signaling a potential supply problem. Depleting exchange reserves and OTC balances suggest long-term accumulation and a potential price rally.
Bitcoin traders anticipate one of its best-performing months, as historical data favors solid risk-asset returns over July [7]. The latest BTC price forecasts see BTC/USD copying US stock markets to enjoy fresh gains over the coming month [7].
Bitcoin targets $200K as profit metrics enter a 'cautiously optimistic' zone. Bitcoin's 98% supply in profit signals bullish sentiment but warns of volatility and potential price corrections. Analysts predict BTC could hit $200,000 by the end of 2025, but sustained demand is key.
Bitcoin set a new record monthly close at $107,000, with analysts predicting a further 9% rally in July. The rise is supported by positive geopolitical developments and increased investor confidence.
Bitfinex analysts warn that Bitcoin's recent rally may be losing momentum as buying pressure weakens and more traders begin to take profits. Bitcoin's next move will depend on macro factors and ongoing institutional demand, especially from ETF inflows.
Bitcoin holds steady near $107,000, with analysts predicting a potential surge above $110,000 due to various catalysts, including increasing ETF inflows and macroeconomic uncertainty. 2025 price predictions range from $180,000 to $250,000.
Bitcoin's 'demand generation' phase mirrors the 2022 market bottom, suggesting potential bullish momentum. On-chain data indicates significant stablecoin accumulation, similar to that seen post-LUNA and FTX collapse, hinting at a possible start of a new Bitcoin rally.
Analyst Lyn Alden examines Bitcoin's current position in its cycle, suggesting liquidity conditions and macroeconomic shifts may be playing a more dominant role than the historical four-year pattern.
Bitcoin is at a pivotal decision zone, with liquidity building on both sides of the current price. Analysts predict a potential rally to new highs, with the $109,000 level being key for upward momentum.
ZachXBT traced a $31M Bitcoin donation sent to Ross Ulbricht to a wallet previously flagged for illicit activity. The funds are linked to AlphaBay, a dark web marketplace that succeeded Silk Road.
Bitcoin's price hovers around $107,000, showing technical strength. Analysts predict a new all-time high is 'inevitable' as BTC eyes liquidity at $109,000. Optimism is supported by strong ETF inflows and growing institutional interest.
An analyst claims Bitcoin's price is stuck due to long-term holders selling positions, despite recent institutional and corporate buying. The U.S. Dollar Index (DXY) has fallen, hitting its lowest level since April 2022.
Bitcoin price is predicted to make history with a $109K weekly and monthly close. Analysts are closely monitoring price movements and key resistance levels as Bitcoin approaches new highs.
According to a Human Rights Foundation executive, Bitcoin poses a threat to dictators by enhancing financial freedom and resisting censorship. Bitcoin's decentralized nature offers an alternative for citizens living under authoritarian regimes, protecting their rights.
President Donald Trump stated that Bitcoin transactions alleviate pressure on the US dollar and bolster US dominance in digital assets. He also emphasized the importance of US leadership in the crypto sector to counter China's influence.
Bitcoin price is holding a range and needs fresh demand to break higher. Analysts are closely watching the $112,000 resistance, while increasing institutional demand and ETF inflows are supporting the price.
Robinhood has recently launched support for Bitcoin, XRP, and SOL futures trading on its platform. This move allows users to speculate on the future prices of these cryptocurrencies through Robinhood Crypto.
Bakkt Holdings has filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission. This move could allow the company to raise capital for various purposes, including potential Bitcoin purchases.
Bitcoin price is nearing a bullish breakout as the U.S. Dollar Index (DXY) falls to its lowest since 2022. This Bitcoin surge is linked to potential Federal Reserve leadership changes and expectations of interest rate cuts.
Bitcoin analysts are examining the conditions needed for BTC price to surpass the $112,000 barrier, considering ETF inflows, market liquidity, and technical indicators.
Bitcoin ETFs have emerged as an alternative to traditional bonds in institutional portfolios, offering diversification and potentially higher returns, albeit with increased volatility and risks. Growing institutional adoption and Bitcoin's behavior as a macro asset highlight the changing dynamics of modern investment strategies.
Bitcoin price started a support test at $108K as bulls pause. Analysts point to increasing liquidity and divergent behaviors between smaller and larger investors, with whales increasing BTC exposure at current prices.
An Indian politician has called for a Bitcoin reserve pilot program as the US shows increasing acceptance of BTC. The proposal aims to assess the feasibility and benefits of incorporating Bitcoin into government reserves.
Wall Street poured over $1 billion into Bitcoin ETFs this week amid rising bets on Fed rate cuts and a weakening US dollar. Analysts warn July could trigger a major dollar breakdown, fueling Bitcoin's rise toward new highs.
Satoshi-era Bitcoin miners sold just 150 BTC in 2025, despite Bitcoin's all-time high prices. Large miners are increasing their reserves, while the oldest participants have slashed sales compared to 2024.
Bit Digital announced a strategic shift, ditching Bitcoin mining to focus on Ethereum staking and treasury. The company will convert its existing Bitcoin holdings into ETH and is exploring the sale of its Bitcoin mining assets. Bit Digital's stock (BTBT) experienced a drop.
The USD is at a 3-year low as Bitcoin rebounds to over $107,000. Investors are increasingly turning to cryptocurrencies, challenging the dominance of traditional currencies.
Bitcoin bulls appear poised to win the upcoming $20 billion options expiry, raising the chances for a rally to $110,000. Bitcoin traders are closely watching the $20 billion monthly options expiry set for June 27.
In 2010, Hal Finney outlined his vision for Bitcoin banks, predicting they would function as a reserve currency for other digital forms of money. Today, platforms offer Bitcoin custody and lending services, but full adoption of Finney's vision remains in progress.
A heatwave in Texas has forced Bitcoin miners to halt operations, leading to a significant drop in the Bitcoin hashrate. High temperatures and increased energy demand have threatened grid stability, highlighting the challenges miners face in extreme weather conditions.
The U.S. Federal Housing Finance Agency (FHFA) is considering including cryptocurrencies, such as Bitcoin, in mortgage approval processes. FHFA Director William Pulte stated that the agency will examine how digital assets can be factored into mortgage qualifications.
As concerns rise about sovereign debt sustainability and inflation, some investors are turning to Bitcoin as an alternative to sovereign bonds. Bitcoin offers advantages like limited supply and decentralization, while sovereign bonds are traditionally considered safe havens.
Bitcoin's hashrate saw its most dramatic fall of the last three years, down ~15% since June 15. The sharp drop has fueled speculation about possible geopolitical and environmental causes, as well as concerns about the financial health of miners.
U.S. spot Bitcoin ETFs recorded their largest single-day inflow for June on Tuesday with $588.6 million, extending an 11-day streak amid easing geopolitical tensions. The bullish trend indicates sustained investor confidence in Bitcoin despite broader macroeconomic uncertainties.
