Coinbase CEO Brian Armstrong stated that Bitcoin ($BTC) could experience a strong upward trend in the coming years, adding that reaching the $300,000 to $400,000 range by 2030 is “very likely.” Appearing on the Varney & Co. program on Fox Business Network, Armstrong shared his long-term expectations regarding the price of Bitcoin, while also drawing
The U.S. Treasury’s plan to routinely buy back long-term government debt could mark a turning point for bitcoin $BTC$72,240.20 by easing one of the pressures that has weighed on crypto markets, according to macro strategist Mark Connors. Treasury Secretary Scott Bessent said Thursday that the government expects to conduct regular buybacks of long-dated bonds and
Bitcoin surged a second time today, surpassing $72,000 and reaching its highest level since June, following yesterday’s sharp rise. According to Binance data, $BTC climbed as high as $72,830 during the day, and is currently trading around $72,500 at the time of writing. A chart showing the increase in $BTC price. The rise in the
Hudson River Trading signed a multiyear agreement worth billions of dollars with CoreWeave to expand the computing infrastructure used for its trading research and models. The agreement builds on an existing partnership between the companies and represents a material expansion of their relationship, CoreWeave Chief Revenue Officer Jon Jones told Bloomberg. He declined to disclose
Bitcoin ($BTC) saw multimonth highs after Thursday’s Wall Street open while stocks dipped and bond yields rebounded on US-Iran war nerves. Key points: Bitcoin builds on its highest levels in 11 weeks to hit $72,500 on Bitstamp. US bond yields see volatility after president Donald Trump threatens “economic warfare” with Iran. Bitcoin market participants question
Franklin Templeton is preparing to use tokenized assets inside conventional investment funds after receiving SEC staff relief allowing its funds to invest in shares of its blockchain based money market fund. The SEC Division of Investment Management said in an August 12 no action letter that it would not recommend enforcement action against Franklin funds
Legendary futures trader and head of Factor LLC Peter Brandt has opened a long position in Bitcoin, completely reversing his previous market outlook. The change in his trading strategy was prompted by a decisive technical breakout from a rare chart pattern that pulled the cryptocurrency out of a prolonged downtrend. Recently, falling prices had dominated
Happy Thursday, advisors! In today’s newsletter, Laurie Rosini, partner at McDermott Will & Schulte, explains why banks are moving deposits on-chain via permissioned environments. Then, in “Ask an Expert,” Morva Rohani breaks down the differences between stablecoins and tokenized deposits. Happy reading. – Sarah Morton Tokenized deposits are going on-chain — but they won’t be
Bitcoin BTC$71,936.32 may be moving closer to forming a “golden cross”, a technical pattern commonly interpreted as a bullish long-term momentum signal. The pattern would emerge if bitcoin’s 50-day simple moving average (SMA), currently at $63,976, continues to rise and crosses above its 200-day SMA, currently at $69,005. The potential crossover comes as bitcoin trades
Beldex, a privacy-focused blockchain infrastructure company, has raised $8 million in a new funding round, bringing its total capital raised to $36 million. The company is working on encryption tools aimed at artificial intelligence agents alongside its existing suite of privacy products. The round was led by Sigma Capital, with participation from NTC, Nxgen, Digital