As US federal debt tops $40 trillion for the first time, there is renewed debate over whether mounting government borrowing could strengthen Bitcoin’s case as a scarce, non-sovereign asset. Interest costs have also climbed, surpassing Medicare to become the federal government’s second-largest budget expense behind Social Security in the first 10 months of fiscal 2026,
In brief Bitcoin hit an intraday high of $72,408 Thursday before easing to $71,423, up 3.07% on the day This is the highest level since a flash crash sent the coin below $68,000 on June 2. Bitcoin’s short sellers are having their worst two days on record: more than $3 billion in short positions were
The $BTC price has run hard enough to wake up an altcoin market that had little to celebrate. From $62,821 on August 17 to $72,071 by August 20, Bitcoin gained roughly 14%, pushing against its 200-day EMA while the top 100 altcoins largely moved into the green. $BTC Price Rally Gives Altcoins Room to Breathe
Coinbase CEO Brian Armstrong stated that Bitcoin ($BTC) could experience a strong upward trend in the coming years, adding that reaching the $300,000 to $400,000 range by 2030 is “very likely.” Appearing on the Varney & Co. program on Fox Business Network, Armstrong shared his long-term expectations regarding the price of Bitcoin, while also drawing
The U.S. Treasury’s plan to routinely buy back long-term government debt could mark a turning point for bitcoin $BTC$72,240.20 by easing one of the pressures that has weighed on crypto markets, according to macro strategist Mark Connors. Treasury Secretary Scott Bessent said Thursday that the government expects to conduct regular buybacks of long-dated bonds and
Bitcoin surged a second time today, surpassing $72,000 and reaching its highest level since June, following yesterday’s sharp rise. According to Binance data, $BTC climbed as high as $72,830 during the day, and is currently trading around $72,500 at the time of writing. A chart showing the increase in $BTC price. The rise in the
Bitcoin ($BTC) saw multimonth highs after Thursday’s Wall Street open while stocks dipped and bond yields rebounded on US-Iran war nerves. Key points: Bitcoin builds on its highest levels in 11 weeks to hit $72,500 on Bitstamp. US bond yields see volatility after president Donald Trump threatens “economic warfare” with Iran. Bitcoin market participants question
Legendary futures trader and head of Factor LLC Peter Brandt has opened a long position in Bitcoin, completely reversing his previous market outlook. The change in his trading strategy was prompted by a decisive technical breakout from a rare chart pattern that pulled the cryptocurrency out of a prolonged downtrend. Recently, falling prices had dominated
Bitcoin BTC$71,936.32 may be moving closer to forming a “golden cross”, a technical pattern commonly interpreted as a bullish long-term momentum signal. The pattern would emerge if bitcoin’s 50-day simple moving average (SMA), currently at $63,976, continues to rise and crosses above its 200-day SMA, currently at $69,005. The potential crossover comes as bitcoin trades
August is already shaping up as a record-setting month for dormant bitcoin spends. It opened with the Coldcard incident, where nearly 2,000 $BTC were stolen from hardware wallets running faulty firmware. The latest wave of sleeping bitcoin, however, is not associated with the stolen funds but likely instead reflects old-school holders quietly moving coins to