Story Highlights Bitcoin surges above $115,500 as cooling U.S. inflation sparks renewed investor optimism worldwide. Spot Bitcoin ETFs attract $928 million inflows in two days, showing strong institutional confidence. MACD golden cross forms after resistance breakout, a signal that previously triggered 40% gains. Analysts predict Bitcoin could test $160,000 soon, with $200,000 possible by 2025.
Bitcoin’s bullish start to the week extended on Thursday, hitting a 19-day high, with experts citing slightly cooler inflation data as a tailwind ahead of the Federal Reserve’s September 17 rate cut decision. The top crypto is up 1.5% in the past 24 hours, per CoinGecko data, extending Wednesday’s push that ended a two-week consolidation.
Another long-term Bitcoin whale awakened on Thursday, moving a chunk of their $50 million in BTC holdings after nearly 13 years. The “HODLer” first acquired the 444.81 BTC in 2012, when it was trading for a little over $12 per coin, blockchain data shows. Their movements—a transaction shifting 137.03 BTC, or nearly $16 million in
If Bitcoin can keep pace with gold as it soars to an inflation-adjusted record high, then it could be poised for a big breakout, analysts told Decrypt. The spot price for gold just exceeded an inflation-adjusted peak set more than 45 years ago. The price per ounce of gold in U.S. dollars has climbed 8%
Cryptocurrency analysis firm Glassnode stated in its latest report that the Bitcoin market is at a “critical juncture.” According to the analysis, Bitcoin is still stuck in the $110,000-$116,000 range, and this range plays a decisive role for investors. The recovery, which began at $107,000 after the pullback from the all-time high recorded in August,
Cryptocurrency analysis company Santiment, in its latest report on Bitcoin, highlighted the decisive role of whale movements in the market. According to Santiment, wallets holding between 10 and 10,000 BTC have accumulated over 202,000 BTC in total over the past six months. The report argues that this growth in these wallets is strongly correlated with
Chipper Cash, one of Africa’s leading fintech companies, announced today that more than 50% of all Bitcoin transactions on its platform now run over the Lightning Network, marking one of the most significant real-world deployments of Lightning to date. The company, which serves millions of consumers and businesses across Africa, has been using Lightning through
Bitcoin Foundation co-founder and former BitInstant CEO Charlie Shrem is auctioning off items connected to his guilty plea over charges involving the darknet marketplace Silk Road. In a Thursday notice, a spokesperson for Shrem said he would be opening up 12 items related to his time in prison and early Bitcoin (BTC) paraphernalia on the
Is the recent surge in South Korea’s KOSPI index sending a crucial signal for the cryptocurrency market? A fascinating analysis suggests a strong KOSPI Bitcoin correlation, hinting that when this key stock market index hits a new record, Bitcoin’s bull run might be nearing its end. For crypto investors, understanding this potential link could be
Veteran trader Peter Brandt has given his opinion on when the Bitcoin bull cycle may peak, as the flagship crypto continues to range sideways. Meanwhile, there is also the possibility that the cycle may extend, especially with the Fed set to lower interest rates, which could lead to an influx of new liquidity.