A Senior Commodity Strategist at Bloomberg has identified what may be contributing to the ongoing Bitcoin downtrend. For context, Bitcoin slipped into bearish territory after reaching the September peak near $118,000 shortly after the Federal Reserve cut interest rates by 25 basis points. The leading crypto asset has lost more than 5% since then and
Bitcoin Price Dips Below $111,000 Bitcoin ($BTC) has fallen under the $111,000 mark, sparking renewed concerns across the crypto market. The latest drop represents a decisive test of Bitcoin’s resilience as traders eye critical support zones for clues about the next move. BTC is trading at $110,983, slipping under short-term moving averages, with the 50-day
We are less than seven days away from the end of the third quarter, and Bitcoin (BTC) is still struggling to recuperate following a wave of sell-offs earlier this week. Currently trading at around $111,600, the world’s largest crypto is down more than 5% on the weekly chart, having lost over $120 billion in market
Michael Saylor has just turned a meme into a business statement. The Strategy CEO posted an AI-generated video of himself blasting off with a jetpack and landing on the moon, with the caption perfectly characterizing this entire action. In the world of crypto, “to the moon” has always been a way of saying that prices
Real-world asset specialist Centrifuge has launched what it calls the first licensed S&P 500 index fund on blockchain rails, opening one of the world’s most recognized equity benchmarks to on-chain investors. The Janus Henderson Anemoy S&P 500 Fund, dubbed SPXA, went live on Thursday on Base, an Ethereum layer-2 network developed by crypto exchange Coinbase.
Bitcoin has been hovering above$111,000 a day ahead of new U.S. inflation data that will play a big role in determining whether the Federal Open Markets Committee lowers interest rates for a second time in 2025. Three analysts with whom Decrypt spoke differ about how the largest asset by market capitalization might respond. Bitcoin was
Publicly traded stablecoin issuer Circle is exploring the possibility of reversible transactions involving its dollar-backed stablecoin, USDC, according to a report from the Financial Times. The firm’s considerations would stray from the concept of immutablity—one of blockchain’s foundational premises that does not allow for finalized transactions to be modified—but potentially catalyze the intertwinement of stablecoins
Bitcoin has risen about 350% since the ETF filings two years ago, as Bloomberg ETF analyst Eric Balchunas called attention to in a recent tweet. The Bloomberg analyst was reacting to a crypto user who seemed to downplay Bitcoin’s rise since spot ETF filings were filed two years ago. Balchunas explains what Bitcoin’s 350% rise
Treasury companies have all slid from their all-time highs. BTC buying is having a disparate effect on corporate buyers, and often those with smaller treasuries end up losing the most. Buying BTC is not a universal benefit to treasury companies. Some of the smaller recent buyers, which added BTC to their balances for exposure, have