BlackRock cut the minimum for converting privately held Bitcoin into IBIT shares from $25 million to $1 million, while Bitwise lowered its floor from $100 million to $3 million. While this might sound like a niche development for a small number of institutional users, it signals that custody is no longer just a slogan for
Matt Cole, CEO of Strive Asset Management, has projected that Bitcoin could exceed $500,000 within the next four to five years. In a recent interview, Cole argued that the U.S. dollar’s purchasing power will decline more rapidly in the coming years than it has over the past decade and a half, a trend he believes
Bitcoin’s latest breakout may have started with a shift in U.S. Treasury-market liquidity, but analysts say its staying power will depend on whether ETF inflows and spot demand can replace the initial macro boost. Bitcoin surged roughly 22% during its breakout week as long-term Treasury yields fell and the dollar weakened following the U.S. Treasury’s
The market is now more than halfway through Q3, with prediction markets heating up. So far, it seems that August has gone against the broader market trends. From a technical perspective, $BTC this month climbed by more than 25%. The result? A short liquidation cascade with over $800 million squeezed on the 19th of August
Bitcoin has climbed back above $80,000. The cryptocurrency has extended its sharp recovery from its July lows as renewed demand for spot exchange-traded funds. At press time, Bitcoin is trading at about $80,357. It is up 2.4% over 24 hours, 10.6% over seven days and 27.6% over the past month. The cryptocurrency briefly moved above
Key Resistance Broken Bitcoin reclaimed $80,000 on Thursday, breaking through a key $79,000 resistance level that had held since shortly after Tuesday’s monthly high. The price rebound came amid reports that the U.S. Department of the Treasury is set to auction $92 billion in three-month bills on Aug. 31. According to 24-hour chart data, bitcoin
Should fund managers dealing in Bitcoin be worried about the threat of quantum computing? The short answer is yes — but there’s time to prepare and solutions are already being found. One of them? Post-quantum Bitcoin transactions on the mainnet. And the first one happened this week thanks to the Starknet Foundation. JUST IN: The
Bitcoin’s late-August recovery has unfolded in stages. Days prior to the Aug. 19 pump, VanEck’s capitulation dashboard showed broad market stress with eight of its 12 signals active, and the first move higher was consistent with a sharp reset in bearish positioning. The case for a more durable turn strengthened later as ETF creations and
AI-based education company Genius Group has announced a long-term plan to acquire $827 million worth of Bitcoin by 2031, according to data from BitcoinTreasuries. The company intends to fund these purchases through a preferred share issuance, a move that signals a renewed commitment to cryptocurrency after it liquidated its entire Bitcoin holdings earlier this year.
In brief Bitcoin trades at $80,526, up 1.9% on the day, after getting rejected near $81,265 earlier this week. The Fed’s Jackson Hole symposium opened today under the theme “Financial Innovation: Implications for Payments and Policy,” with new Chair Kevin Warsh’s keynote due Friday. The charts are signaling overbought conditions for $BTC, even as the