In his latest analysis of Bitcoin’s supply dynamics, cryptocurrency analyst Axel Adler noted that the market is still in the early stages of the macrocycle. According to Adler, the return of Bitcoins, which have been dormant for a long time, to circulation provides striking signals on the supply side, but the majority of investors are
After soaring to just shy of $124,000 weeks ago, Bitcoin, the first and largest cryptocurrency by market capitalization, has been stuck in a narrow consolidation around $118,000 since. At press time, BTC was down 0.6% in the last 24 hours and 0.3% weekly at $118,539, having been mostly flat since the beginning of the week.
Central to Draper’s worldview is the notion that bitcoin is simply better technology than any government-issued currency. Roughly 20% of the global adult population is unbanked, according to the World Bank; Bitcoin enables such people to make online payments, and manage their savings. It’s also incredibly efficient in terms of sending money abroad. A wire
Twelve years ago, in a largely empty room, a moment of Bitcoin history was quietly recorded. At the time, Bitcoin was trading for roughly $100, a mere fraction of its present worth, and only a few individuals were paying notice. However, what happened that day would subsequently be regarded as one of the greatest speeches
Former Brexit Minister Jacob Rees-Mogg has warned the Bank of England against undermining confidence in fiat currency, drawing parallels with both Bitcoin and gold. This came during a recent commentary on his YouTube channel. He stressed that the value of fiat currency ultimately lies in public confidence, an illusion that can easily collapse. Rees-Mogg was
Bitcoin is hovering around $117,826 on Wednesday as open interest in futures and options markets pushes into record territory, signaling intense institutional and speculative activity. The Data Behind Bitcoin’s Quiet Power Shift on Derivatives Exchanges Open interest (OI) in bitcoin derivatives continues its climb as traders allocate capital toward both futures and options amid heightened
According to Sean Bill, chief investment officer at BSTR, only a few companies will ultimately stand out in the bitcoin treasury arena—and he’s placing his bet on Bitcoin Standard Treasury Company (BSTR) to be one of them. BSTR’s Aggressive Bitcoin Accumulation and Dormant Reserve Strategy Just last week, BSTR kicked things off with a stash
In a recent segment, Jim Cramer—an American television personality, author, and former hedge fund manager best known as the energetic host of CNBC’s Mad Money and an anchor on CNBC’s Squawk on the Street—shared his views on bitcoin as a hedge against the ballooning U.S. debt. ‘They Don’t Want the Debt, They Want Bitcoin’ –
Bitcoin price edges lower on Wednesday after testing the upper band of a consolidation range near $120,000. US-listed spot Bitcoin ETFs record a second straight day of outflows, with $67.93 million exiting on Tuesday. Technical indicators signal a weakening of bullish momentum, suggesting a possible short-term correction ahead. Bitcoin (BTC) trades slightly down to near