Peter Schiff, the outspoken Bitcoin critic and CEO of Euro Pacific Capital, has dismissed Bitcoin’s recent climb above $72,000 as a temporary move rather than a genuine breakout. According to a report from The Block, Schiff attributes the rally to the U.S. Treasury’s announcement of expanded Treasury buybacks, a policy shift he believes is artificially
Hong Kong-listed gaming company Boyaa Interactive, known for holding Bitcoin on its balance sheet, reported a first-half net loss of approximately HK$792 million (US$103 million) as the cryptocurrency’s price fell during the period. The loss contrasts with a 16.05% year-on-year increase in revenue, which reached HK$258 million, according to a report by Zhitong Caijing. Impact
Bitcoin price extended its breakout to $72,490 on Aug. 20 after forced short covering pushed the price through its 200-day moving averages, but an overbought daily reading raises the risk of a pullback. Bitcoin price breaks above its 200-day averages According to data from crypto.news, Bitcoin ($BTC) price traded near $71,900 on Binance at the
Bitcoin has strengthened its short-term structure after breaking above several resistance levels and closing above its 200-day simple moving average for the first time since November, according to two trader charts. $BTC now faces a key test around $70,500, while the $67,000-$67,200 area has emerged as the main support bulls need to defend. Bitcoin Flips
Bitcoin price recorded its strongest advance in months on Aug. 20, climbing above $71,000 as a change to U.S. Treasury debt buybacks, renewed exchange traded fund demand and forced short liquidations supported a broad cryptocurrency rally. The cryptocurrency traded at $71,920 and had gained 11.4% over 24 hours when checked on Thursday, according to crypto.news
Bitcoin has been presented as a possible neutral reserve asset after an old video of U.S. Vice President JD Vance resurfaced in which he questioned whether the dollar’s reserve currency status ultimately benefits the United States. The commentary, written by Forbes contributor Dave Birnbaum, builds its argument around Vance’s remarks and the Triffin dilemma, the
President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrencies. Current law gives his administration several ways to increase federal crypto holdings, though no public authority gives Treasury a funded program for multibillion-dollar open-market purchases. For Bitcoin, Trump’s 2025 executive order already directs Treasury and
The broader cryptocurrency market is regaining momentum as improving liquidity conditions fuel expectations of another bullish leg. Bitcoin has broken past the psychologically important $70,000 mark after rallying 7% on Wednesday and it is now trading above $71,000. The rally followed the US Treasury Department’s decision to expand buyback operations for longer-dated government securities in
Bitcoin [$BTC] led the broader crypto market as its rebound strengthened the case for a July bottom. $BTC gained by double digits, pushing its Market Cap above $1.40 trillion. Institutions, whales, and retail traders bought, while forced short closures amplified the rally. As a result, Bitcoin escaped its sideways range and reached $69.84K, preserving short-term
U.S Treasury’s planned bond market intervention seems to have reignited the debasement trade as Bitcoin flipped bullish. Notably, the crypto asset reclaimed the 200-day Moving Average (a crucial long-term market structure test) for the first time since dropping below $100K last November. Source: $BTC/USDT, TradingView Back in Q2, $BTC’s rally and attempt to reclaim the