In brief Bitcoin jumped 2.7%, breaking the descending resistance line that had capped every rally since October. Myriad traders have flipped bullish, giving $BTC a 69% chance of hitting $84K next. Traders, though, give a new Bitcoin all-time high only a 6.2% chance of happening before July. Bitcoin is surging today on a geopolitical trigger
Bitcoin has continued to rally as market sentiment begins to turn extremely bullish, putting its long-term holders, especially treasury companies like MicroStrategy, back in profit. MicroStrategy, the world’s largest Bitcoin treasury firm, is back in profit as the lingering rally has pushed Bitcoin to surge past its one-month high. MicroStrategy returns to profit zone On
Cardano founder Charles Hoskinson predicts the potential fate of Satoshi’s coins, drawing from his experience in post-quantum cryptography. On the Rollup podcast, Hoskinson laid out his credentials in quantum cryptography. The Cardano founder worked on NIST standards and participated in over 250 research publications. He was also part of the team that wrote the first
In brief Rep. Sheri Biggs (R-SC) disclosed on Friday that she purchased up to $250,000 worth of BlackRock’s spot Bitcoin ETF (IBIT) last month. The U.S. lawmaker “strongly supports crypto,” according to the Stand With Crypto Alliance, a grassroots advocacy group launched by Coinbase. Biggs also bet on Bitcoin last July, disclosing another IBIT purchase
In brief Bitcoin funding rates have remained negative for over a month even as BTC touched $76,000, signaling heavy bearish positioning. A potential uptrend could see Bitcoin revisit $125,000 in 30-60 days, Decrypt was told. Despite bullish catalysts, analysts remain cautious, highlighting $80,000 as a key trigger level; failure risks a double-digit sell-off similar to
Bitcoin ($BTC) price is now eyeing a rally towards $80,000 after breaking above a major multi-week sell wall on April 17. After getting rejected around $76,150 since its capitulation in early February, $BTC price jumped 6.95% in the past seven days and was trading at about $77,380 at press time. As a result, the flagship
Today’s sharp rise in Bitcoin prices has brought institutional investors’ balance sheets back into the spotlight, with particular attention paid to the current profit/loss status of Michael Saylor and his company, Strategy, regarding their Bitcoin positions. As of today, Strategy holds a total of 780,897 $BTC, with a total value of approximately $60.37 billion. The
The accelerating upward trend in cryptocurrency markets in recent weeks continues to attract the attention of analysts. Crypto analyst Ali Martinez evaluated recent price movements in Bitcoin, making important statements regarding critical technical levels and market dynamics. According to Martinez, Bitcoin has gained over 16% in the last two weeks, breaking above a key resistance
The rivalry between Bitcoin ($BTC) and gold has been ongoing for a long time. Some analysts advocate for Bitcoin, others for gold, while some argue that both should be included in portfolios. At this point, Citi, one of the most important names on Wall Street, also states that both $BTC and gold should be included
Strategy Inc., the company formerly known as MicroStrategy that has essentially become a publicly traded Bitcoin fund, saw its stock price climb near $170 on April 17. That’s a 15% daily jump that pushed shares decisively above the $160 level for the first time in weeks. The move comes as Bitcoin itself recovers from a