While the leading cryptocurrency Bitcoin (BTC) continues to trade in a narrow range, the FED’s interest rate decision to be announced next week is expected to trigger the rise. While it is considered certain that the FED will cut interest rates in September, a 25 basis point rate cut is priced in at 91.8%, and
In a significant move capturing the cryptocurrency world’s attention, Nexus announced on September 10th its successful raising of 10 billion won, approximately $7.2 million, through the issuance of convertible bonds. This strategic capital injection is earmarked for a bold Bitcoin acquisition, signaling a clear pivot in the company’s treasury management strategy. Nexus plans to sequentially
Key Takeaways Bitcoin’s short-term (30-day) correlation with gold is now negative at -0.53, according to Glassnode. This is a significant change from the long-term (365-day) correlation, which is still modestly positive at 0.65. Bitcoin’s short-term correlation with gold has turned negative, reaching -0.53 over a 30-day period, according to data from blockchain analytics firm Glassnode.
Bitcoin Core could trigger a meltdown across BTC exchanges and mining pools if it goes ahead with plans to raise data limits with its upcoming version 30 (v30) software. This is according to Bitcoin Mechanic, a vocal advocate for limiting arbitrary data storage on Bitcoin’s blockchain. Developers have been fighting all year over the default
The CoinShares Bitcoin Mining ETF (WGMI) rose 12% to a record $33.13 on Tuesday as Nebius Group’s $17.4 billion agreement to supply GPUs to Microsoft boosted crypto mining and AI-related stocks across the board The exchange-traded fund is now 44% higher year-to-date and has surpassed its market debut level of around $30. The top two
Retail investors are regaining confidence in the US market after two quarters of decline, according to the latest quarterly Retail Investor Beat survey from trading platform eToro. The survey, which covered 10,000 retail investors across 12 countries, found that 38 percent now view the US as the region with the strongest long-term return potential. This
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When Strategy and Tesla added Bitcoin (BTC) to their balance sheets, it sent a clear signal: Bitcoin wasn’t just for crypto die-hards anymore. Tech companies with serious gravitas had officially entered the
Story Highlights Bitcoin has dropped by nearly 20,000 times due to Bitcoin’s appreciation. If one iPhone is valued at $1,000 and Bitcoin trades at $111,952, the cost would be 0.0089 BTC. At its current price of $2.95, it would take around 338 XRP to buy a $1,000 iPhone. The price of Bitcoin has surged over
Novastro, a renowned L2 blockchain, has partnered with Terminus, a popular payment platform merging crypto with real-world transfers. The collaboration seeks to solve crypto payment fragmentation by bridging tokenized assets and real-world payments. As the official X announcement points out, the partnership is focused on incorporating QR-code-based crypto payments as well as tokenized assets. Hence,
Bitcoin is holding near $112,100, up about 1% in the past week. The move from $107,200 to $112,100 shows September kicked off with some relief after August’s over 6% drop. Traders welcomed the bounce, but the bigger picture still leans negative. Bitcoin is down about 9% month-on-month, and fresh signals suggest the bears are not