Bitcoin News Gemini co-founder Cameron Winklevoss has cast the artificial-intelligence equity trade as an unexpected entry point for Bitcoin ($BTC), arguing in an Aug. 18 post on X that the AI trade is effectively a time machine for buyers. Writing on X, Winklevoss described the AI trade as a time machine that lets investors buy
A growing gap between traditional risk assets and cryptocurrency markets is being revealed by Bitcoin’s inability to follow the S&P 500 higher. It’s not hard to explain why $BTC is still close to $64,000 and stocks are still moving toward record territory: the cryptocurrency market seems to be lacking new funding. Supply stays limited The
As the crypto ecosystem continues to evolve, the growing adoption of the world’s largest cryptocurrency by market capitalization, Bitcoin, has remained a longstanding topic of discussion. Earlier today, the leading asset management firm, BlackRock, reignited fresh debate on the matter after recommending a Bitcoin allocation strategy to investors. Bitwise’s Horsley joins discussion The viral Bitcoin
Bitcoin could struggle to reach $250,000, let alone $1 million, because billionaire Michael Saylor has fundamentally changed the cryptocurrency market through Strategy’s accumulation and financial engineering, according to early Uber investor Jason Calacanis. “Will it ever hit $1 million? Heck, will it even hit $250,000?” Calacanis wrote on X on Wednesday. “I think Saylor broke
Bitcoin BTC$64,427.54 remains in its weeks-long $60,000 and $67,000 range in advance of today’s minutes from last month’s Federal Reserve interest-rate setting meeting. After briefly climbing through $65,000 yesterday, the largest cryptocurrency has dropped about 0.5% since midnight UTC. The broader CoinDesk 20 (CD20) index is little changed over the same period. Softer economic data
Bitcoin ($BTC) falling more than 50% from its $126,200 all-time high was a “positioning correction,” BlackRock says. Key points: A BlackRock report attributes Bitcoin’s decline below $60,000 to cascading liquidations as leverage was purged from the market. The long-term $BTC investment thesis as a “low-correlation diversifier” remains intact, analysts confirm. BlackRock sees Bitcoin’s risk-asset correlation
In the past month, Bitcoin ($BTC) has been continuously grinding sideways between $62,000 and $66,000, with a press-time price of $ $64,595. Source: TradingView While dull, this consolidation is a testament to market resilience amid substantial selling pressure. It also reflects the positive market sentiment surrounding Goldman Sachs’ prediction of an “unlikely” September Fed Interest
Bitcoin is struggling to hold its June range floor after $390 million left US spot $BTC ETFs last week, according to Wintermute’s newest market update. The trading firm says falling rate-hike odds have failed to lift $BTC, while ETF redemptions and miner selling have left the market without a strong source of fresh demand. ETF
The trade that used to set the tempo for the entire crypto market has gone numb. Bitcoin’s price swings have compressed to a cycle low, but the speculative energy has not disappeared. According to the original report from CoinDesk, traders who once depended on Bitcoin’s chaos are now chasing setups where a 5x or 10x
For over two months, bitcoin has struggled below $70,000, hovering around $62,000 to $65,000. Still, experts believe that the broader macro market condition is moving in favor of the apex crypto. Crypto exchange Bitfinex stated in its latest edition of the Bitfinex Alpha report that two of the three conditions that can support a $BTC