Bitcoin has climbed back above $80,000. The cryptocurrency has extended its sharp recovery from its July lows as renewed demand for spot exchange-traded funds. At press time, Bitcoin is trading at about $80,357. It is up 2.4% over 24 hours, 10.6% over seven days and 27.6% over the past month. The cryptocurrency briefly moved above
Key Resistance Broken Bitcoin reclaimed $80,000 on Thursday, breaking through a key $79,000 resistance level that had held since shortly after Tuesday’s monthly high. The price rebound came amid reports that the U.S. Department of the Treasury is set to auction $92 billion in three-month bills on Aug. 31. According to 24-hour chart data, bitcoin
Should fund managers dealing in Bitcoin be worried about the threat of quantum computing? The short answer is yes — but there’s time to prepare and solutions are already being found. One of them? Post-quantum Bitcoin transactions on the mainnet. And the first one happened this week thanks to the Starknet Foundation. JUST IN: The
Bitcoin’s late-August recovery has unfolded in stages. Days prior to the Aug. 19 pump, VanEck’s capitulation dashboard showed broad market stress with eight of its 12 signals active, and the first move higher was consistent with a sharp reset in bearish positioning. The case for a more durable turn strengthened later as ETF creations and
Stable Sea has added two WisdomTree digital funds to its treasury platform, giving eligible businesses access to three SEC-registered products with minimum investments starting at $1. Stable Sea adds two WisdomTree funds Stable Sea said the WisdomTree Short-Duration Income Digital Fund and WisdomTree Floating Rate Treasury Digital Fund are now available through Stable Sea Terminal,
IREN stock jumped over 4%, mirroring gains at other neocloud companies like CoreWeave and Nebius following strong Nvidia earnings and guidance. Shares climbed to $43.25, but this rally will be put to the test when the company publishes its own earnings later today. IREN’s revenue to drop on Bitcoin sell-off as pivot to AI continues
TermMax, a fixed-rate lending protocol developed by Term Structure Labs, announced on Aug. 26 that it has secured a strategic investment from YZi Labs, formerly known as Binance Labs. The company did not disclose the investment amount, but the funding is part of a broader partnership that includes TermMax’s selection for YZi Labs’ ‘E이지 레지던시
AI-based education company Genius Group has announced a long-term plan to acquire $827 million worth of Bitcoin by 2031, according to data from BitcoinTreasuries. The company intends to fund these purchases through a preferred share issuance, a move that signals a renewed commitment to cryptocurrency after it liquidated its entire Bitcoin holdings earlier this year.
In brief Bitcoin trades at $80,526, up 1.9% on the day, after getting rejected near $81,265 earlier this week. The Fed’s Jackson Hole symposium opened today under the theme “Financial Innovation: Implications for Payments and Policy,” with new Chair Kevin Warsh’s keynote due Friday. The charts are signaling overbought conditions for $BTC, even as the