Spot bitcoin ETFs cleared crypto’s long-standing access hurdle by placing bitcoin inside brokerage and advisor accounts already used for stocks and bonds. Two and a half years in, panelists at CoinDesk’s Consensus Miami conference agreed that part had worked. However, they said custody concentration, modest advisor uptake and back-office plumbing all remain unresolved. Christopher Russell,
Bitcoin surges above $81K — and this time, the global stock market is watching. Bitcoin broke through the $81,000 threshold during Tuesday’s Asian trading window, posting its strongest performance since the closing days of January. The digital asset climbed from approximately $79,000 at Monday’s U.S. market close — a 5.3% weekly gain. Global stock indexes
An announcement about the long-anticipated U.S. Strategic Bitcoin Reserve (SBR) is coming “in the next few weeks,” Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, told CoinDesk’s Consensus Miami conference on Wednesday. The federal effort to inventory, centralize and secure U.S.-held bitcoin and other digital assets has been running in
Bitcoin is trading above $82,000 on May 6, while oil, Treasury yields, the dollar, and US stocks shift around the same volatile geopolitical and macro backdrop that has left investors exhausted after the last few months. The move reopens the inflation-hedge debate while leaving it unresolved. It also puts pressure on the claim that $BTC
Cryptocurrency market analyst Michael Nadeau stated that Bitcoin is once again approaching a critical technical level, and that the price is preparing to move towards the 200-day moving average at $84,000. According to Nadeau, such movements have been frequently seen in past bear markets, and all previous examples have resulted in lower levels. However, the
On last night’s earnings call for Strategy (formerly MicroStrategy), Michael Saylor and CEO Phong Le finally admitted that they’re considering selling the company’s bitcoin ($BTC). This sudden change undoes years of guidance and explicit assurances that Strategy would never sell. Specifically, Saylor and Le told analysts on the company’s first-quarter earnings webinar that Strategy will
A new analysis by Project Eleven warns that “Q-Day,” the hypothetical point when quantum computers can break widely used public-key cryptography, could arrive as early as 2030, potentially putting millions of bitcoins at risk. The estimate builds on recent demonstrations and academic work showing rapid progress in quantum attacks against elliptic curve cryptography, the mathematical
The cryptocurrency market is experiencing turbulent days as Bitcoin surpassed the $80,000 mark, but the analysis firm The DeFi Report has published a new report urging investors to exercise caution. Analysts emphasize that Bitcoin’s current surge bears a striking resemblance to the market structure of 2022. According to The DeFi Report, leveraged trading data and
Cryptocurrency analytics company Glassnode assessed the current market outlook after Bitcoin broke through critical cost zones. According to the company’s report, Bitcoin has risen above both the $78,200 level, defined as the “true market average,” and the $79,100 level, which is the average cost level for short-term investors. Analysts stated that if BTC manages to
MIAMI — Eric Trump, the son of President Donald Trump and the co-founder of American Bitcoin (ABTC), said that bitcoin has reached a sharp influx of traditional financial giants, name-cheacking Bank of America Corp.’s Merrill division, Charles Schwab Corp. and JPMorgan Chase & Co. “JPMorgan, who was crapping all over bitcoin 18 months ago, saying