In other words, bitcoin has once again been at the right place at the right time. Being at the right place means that $BTC still lives rent-free in the minds of many, but not too many, retail and institutional investors, as a multi-purpose scarce asset. It can be “digital gold,” a currency debasement hedge, a
Bitcoin’s recent rebound may have further to go, according to Katie Stockton, founder and managing partner of Fairlead Strategies. In an interview with CNBC, Stockton noted that while Bitcoin is no longer oversold, it has not yet reached overbought territory, suggesting the current rally could continue. Technical Indicators Point to Continued Upside Stockton, known for
Markus Thielen, founder of 10x Research, stated that while Bitcoin is likely to continue its current upward trend, reaching a new all-time high (ATH) in the short term seems unlikely. Thielen believes Bitcoin could experience a significant rise, but new record highs may not be seen anytime soon. Thielen, known for his analyses of the
Bitcoin’s $BTC$78,932.95 recent price surge has given traders plenty to talk about and Friday could crank the excitement even higher. The catalyst? Options worth billions of dollars are set to expire on Friday at 08:00 UTC on crypto exchange Deribit. A total of 81,700 bitcoin options contracts, representing approximately $6.44 billion in notional value, will
Bitcoin Core contributor Jon Atack reported on Aug. 23 that a restaurant in El Zonte, El Salvador, received its first Bitcoin payment of the month when he paid for lunch. Atack, who has lived in El Salvador since 2022, said restaurant staff told him Bitcoin payments were once common but had become “practically non-existent.” El
Bitcoin pierced the $80,000 mark overnight, reaching as high as $81,300 before pulling back to roughly $79,000, according to chart analysis from Verified Investing chief market strategist Gareth Soloway. The pullback has raised a question for traders. Does this rally confirm a new bull market, or is Bitcoin simply testing resistance in an ongoing bear
BlackRock’s spot Bitcoin ETF, IBIT, has processed more than $5 billion in conversions from direct Bitcoin holdings, according to a Bloomberg report. This marks a sharp increase from the $3 billion recorded in October last year, signaling a growing trend among investors to move digital assets into regulated exchange-traded products. Why Investors Are Moving From
The US Treasury has formally brought digital assets into the financial sector’s preparations for quantum computing threats. On Aug. 24, the US Treasury launched its Quantum-Readiness Task Force, with one of three workstreams dedicated to digital assets and emerging-technology risks. The other tracks cover broader post-quantum cryptography adoption and third-party vendor readiness. Treasury Secretary Scott
Bitcoin’s quantum-computing risk is real, but the technology needed to threaten the cryptocurrency’s cryptographic security remains far from practical, according to BitGo co-CEO Mike Belshe. During his appearance on Fox Business, Belshe said there are currently no quantum computers capable of posing an immediate threat to Bitcoin. However, he did acknowledge that the industry is
Bitcoin is no longer oversold but there’s still time to buy, according to Fairlead Strategies’ Katie Stockton. Speaking on Tuesday to CNBC, the financial research firm’s managing partner said that Bitcoin cleared its 200-day moving average back in May, meaning that a potential breakout could be coming. Bitcoin started rallying last week on news that