Elon Musk, the richest person on the planet, is seemingly concerned about the security of Bitcoin’s cryptographic security. He recently took on X to ask Grok, the artificial intelligence chatbot embedded in the social media network, to estimate the probability of Bitcoin’s SHA-256 hashing algorithm getting cracked by quantum computing. This came in response to
Bitcoin is trading at $113,924 to $114,016 over the past hour as of Aug. 3, 2025, with a market capitalization of $2.26 trillion and a 24-hour trading volume of $32.42 billion. The cryptocurrency has seen an intraday range of $112,113 to $113,981, underscoring ongoing volatility and cautious sentiment among traders. Bitcoin From the daily chart,
As global markets hit the skids this week and forced liquidations and margin calls wipe out more levered longs, prominent traders are repositioning accordingly. New tariffs announced by the Trump administration and a sharply weaker U.S. jobs report caused anxiety in global markets; the S&P 500 lost 1.6% in a day, and Bitcoin, true to
Cryptocurrency analyst Seán Murray has made a sweeping claim that Jack Dorsey, founder of social media platform Twitter, could be Satoshi Nakamoto, the mysterious founder of Bitcoin. Murray stated that he supports this theory based on many details, from technical background to personal connections. According to Murray, Bitcoin’s source code, written in C++, is noteworthy
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS). This is the eighth installment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, I discuss what gives
The founder and CEO of digital asset investment firm BKCM, Brian Kelly, believes Bitcoin (BTC) could skyrocket by triple-digit percentage points if a core use case is heavily adopted. In an interview on the RiskReversal Media YouTube channel, Kelly says Bitcoin could explode by around 600% from the current level if the crypto king reaches
On Saturday at 6 p.m. Eastern time, bitcoin is changing hands at $112,985 after dipping to an intraday low of $111,987 from highs near $123,000 in recent weeks, with both futures and options metrics flashing mixed signals across major derivatives exchanges. Bitcoin Dips but Deribit Traders Still Eye $140K+ Strike Prices Bitcoin is down 4.6%
Japan-based publicly traded company Metaplanet announced plans to issue Class A and Class B preferred shares as part of its Bitcoin (BTC) reserve strategy. The company aims to use the funds raised through the capital increase, totaling up to 555 billion yen (approximately $3.8 billion), to purchase Bitcoin. According to the announcement, Class A shares
Trump Media and Technology Group (Nasdaq: DJT) disclosed Friday that it now holds $2 billion in bitcoin and bitcoin-related securities, officially confirming one of the largest digital asset treasuries among U.S.-listed companies. The announcement came via the company’s second quarter of 2025 earnings press release, which also mentioned $3.1 billion in total financial assets and
The primary cryptocurrency has been in a free-fall state for the past few days, dropping from $119,000 to a multi-week low of under $112,000 hours ago. A popular analyst has highlighted the most significant support zones that could be tested next. The chart above paints a clear picture. Bitcoin peaked in mid-July after an impressive