Bitcoin is holding steady around $110,900 today after a choppy August filled with price swings and macroeconomic jitters impacting the current Bitcoin price prediction. Things seem to be settling down, with sentiment improving on the back of ETF inflows, a more optimistic macro picture, and increased action in the derivatives market. Traders are watching $112K
1. The Rise of the DAT: A Symptom of Shallow Understanding As Bitcoin adoption by public companies accelerates, imitators are inevitable. The latest trend? DATs — “Digital Asset Treasuries” — which seek to replicate the success of Bitcoin treasury companies by allocating reserves to altcoins like Ethereum or Dogecoin. From the outside, the surface-level pitch
TL;DR Analyst Merlijn sees Bitcoin forming two inverse head and shoulders patterns, projecting a $150K rally. Resistance near $111K remains firm, with downside targets near $103K if the price fails to break higher. Businesses allocate 22% of their profits into Bitcoin, while institutions add $43.5B to their balance sheets in 2025. Double Inverse Head and
In a tweet published today, Bloomberg’s senior commodity strategist, Mike McGlone, recalled the event that triggered the creation of Bitcoin – the Great Recession of 2008. It prepared the ground for the appearance of not only BTC but also “a flood of cryptocurrencies”. McGlone pointed out that there are approximately 20 million coins listed on
Collaborative design software company Figma (FIG) expanded its bitcoin BTC$109,741.83 holdings to $91 million in the second quarter of this year, the company disclosed Wednesday during its earnings call. The move, revealed by Chief Financial Officer Praveer Melwani, comes as part of a larger $1.6 billion cash position. “Within the $1.6 billion, we also held
A colossal movement in the crypto world has just occurred, capturing the attention of investors and analysts alike. Whale Alert, a well-known blockchain tracking service, recently reported a significant Bitcoin transfer: a staggering 2,849 BTC, valued at approximately $312 million, moved from an unknown wallet directly to Galaxy Digital. This isn’t just another transaction; it’s
Mark Branson, the German regulator at the helm of the Federal Financial Supervisory Authority (BaFin), remains staunchly anti-Bitcoin despite the significant progress that the cryptocurrency has made over the past few years in terms of institutional adoption. The fact that Bitcoin and other popular cryptocurrencies have gained mainstream adoption does not make them “sensible” investments,
Bitcoin has lost steam, falling 1.3% and just below $110,000 Thursday morning, but ETF flows have been strong, and that may be the key to BTC escaping another Red September, an analyst told Decrypt. CryptoQuant blockchain analyst JA_Maartun said market data shows that Bitcoin in longterm holder wallets has been steadily moving into ETFs. Source:
Bitcoin’s (BTC) feeble bounce this week ran out of gas on Thursday, with prices slipping back below $110,000 and some market watchers warning of a deeper pullback. The largest cryptocurrency fell 2.2% over 24 hours to $109,500, erasing half the gains it made from the weekend’s low of $107,000 as it topped $112,600 on Wednesday.