Bitcoin is testing an important level. The price has reached the resistance zone between $116,500 and $117,000, but it has not yet broken through. This range has acted as a ceiling in recent sessions. Resistance Holds Strong Bitcoin has been consolidating after its rally from $113,000. An ascending triangle breakout earlier this month pointed to
Institutional money, funds, and public companies continue to increase their BTC holdings and currently control 12.3% of all Bitcoin supply. According to Bitcoin analytics platform Ecoinometrics, this figure has dramatically increased over the past 12 months. Institutional money added 5% to their combined holdings in the past year alone, helping propel Bitcoin’s price by over
Bitcoin continues to trade with renewed strength, supported by a decisive rebound from demand zones and a confirmed market structure shift. While momentum remains bullish, traders should remain mindful of potential pullbacks into key support zones before continuation higher. Technical Analysis By Shayan The Daily Chart On the daily timeframe, BTC recently staged a strong
An investor recently shared a letter from Cherokee Acquisition, a firm that buys bankruptcy and distressed claims. The letter revealed Cherokee’s interest in acquiring claims tied to Linqto Texas, LLC (Case No. 25-90186) at discounted prices. Cherokee’s Proposal Cherokee laid out two ranges for its bid: claims above $100,000 were priced between 70% and 75%,
The ongoing advancement in quantum computing is raising urgent questions about the long-term security of Bitcoin (BTC). Unlike classical machines, quantum computers can solve certain problems exponentially faster, posing a direct threat to Bitcoin. Notably, using Shor’s algorithm, a sufficiently powerful quantum computer could break elliptic curve cryptography (ECC) and recover private keys from public
According to a recent report by the Financial Times, the Coinbase exchange is at risk of losing its dominance due to the White House’s enthusiasm for crypto, which has enabled “mounting competition.” Bitwise’s Ryan Rasmussen has told the FT that the US exchange giant might be losing its head start. Coinbase’s stock stumbles You would
Crypto taxation has long been a source of confusion, and with the IRS placing digital assets front and center on tax forms, clarity has never been more important. From the introduction of Form 1099-DA to new requirements for brokers, ETFs, and eventually DeFi platforms, the coming changes will redefine how individuals and institutions navigate their
$7.5 trillion is now parked in U.S. money market funds. This vast amount of capital marks a new all-time high that risk asset traders are closely watching. Why? Because as yields trend lower and the Fed prepares to cut rates, this colossal dry powder could be primed to flood into risk assets, including tech stocks
Arthur Hayes believes the current crypto bull market has further to run, supported by global monetary trends he sees as only in their early stages. Speaking in a recent interview with Kyle Chassé, a longtime bitcoin and Web3 entrepreneur, the BitMEX co-founder and current Maelstrom CIO argued that governments around the world are far from
On Sept. 17, the U.S. Federal Reserve (Fed) is widely expected to cut interest rates by 25 basis points, lowering the benchmark range to 4.00%-4.25%. This move will likely be followed by more easing in the coming months, taking the rates down to around 3% within the next 12 months. The fed funds futures market