Bitcoin is trading at $118,847, with a market capitalization of $2.36 trillion and a 24-hour trading volume of $60 billion. Over the past day, its price ranged between $116,094 and $119,248, revealing a tight consolidation pattern following recent bullish activity. Bitcoin The daily bitcoin chart indicates a bullish breakout from a low of $98,240 toward
Bitcoin (BTC) retreated to the $116,000 level yesterday after its rapid rise, following inflation data that exceeded expectations. However, BTC has since partially recovered and returned to the $117,500 level. While investors are wondering which direction Bitcoin and cryptocurrencies will go, data on the US Producer Price Index (PPI) was released today. The data disclosed
Yesterday, the stunning resolution of a prisoner’s dilemma-type impasse among bitcoin (BTC) miners suddenly slashed a standard BTC transaction minimum by 90%. It’s a staggering admission by miners and users that demand for Bitcoin blockspace has hit a new low. For years, Bitcoin Core and other node software defaulted to a minimum one satoshi per
Bitcoin (BTC) is likely to trade around $130,000 at the start of August, according to insights from two artificial intelligence (AI) models, driven by sustained institutional demand and supportive macroeconomic conditions. As of press time, Bitcoin was trading at $119,166, up over 2% in the past 24 hours and nearly 10% over the past week.
Singapore-based crypto firm BTC Digital Ltd. (Nasdaq: BTCT), launched its strategic bitcoin ( BTC) and ether ( ETH) reserve programs on Monday, according to a press release. The company says it finished setting up its $1 million ether reserve last week and has now completed the set up for its bitcoin reserve, also worth $1
Sweden-based digital trading company Refine Group announced that it has raised 10 MSEK (approximately $1 million) in capital and launched a new business line, Digital Assets, powered by a Bitcoin-based treasury strategy. Refine Group has launched a third business unit, Digital Assets, in addition to its existing “Products” and “Digital Services” businesses. With this new
A new Bitcoin draft proposal wants to do what’s long been unthinkable: Freeze coins secured by legacy cryptography — including those in Satoshi Nakamoto’s wallets — before quantum computers can crack them. That’s according to a new draft proposal co-authored by Jameson Lopp and other crypto security researchers, which introduces a phased soft fork that
Bitcoin (BTC) experienced a historic day on Monday, breaking records for the first time in a row, surpassing $123,000. However, the joy of a new ATH was short-lived. Shortly after surpassing $123,000, BTC began to decline, falling to the $116,000 level. While the market agrees that this correction is due to profit taking and is
Chaitanya Jain, Strategy’s Bitcoin strategy manager, has addressed the recent concerns spread on social media about the potential dependence of Strategy’s success on the Bitcoin price. Some in the community believe that if the world’s largest cryptocurrency, BTC, were to collapse, Strategy’s stock price would follow suit, and the company may face substantial financial difficulties.
After peaking at a new all-time high of over $122,800 earlier this week, Bitcoin (BTC) has undergone a correction, driven by macroeconomic pressures and profit-taking. In fact, an old Bitcoin whale from the Satoshi era has also started moving its holdings, exacerbating sell-off fears. Still, experts argue that Bitcoin’s ability to weather such transfers without