Bitcoin (BTC) has been stuck in a range for a long time now, with no clear movement either up or down. At this point, Bitcoin has been locked in a tight consolidation range between $100,000 and $110,000 since June 23. While the market is curiously following which direction BTC will move, analysts explained why Bitcoin
Companies building bitcoin BTC$108,711.05 treasuries are currently the focus of the digital-assets ecosystem as global adoption widens, and three existing participants have announced a total of about $278 million in new funding to boost their holdings in recent days. Remixpoint (3825), a Japanese energy consulting firm, disclosed Wednesday that it raised around 31.5 billion yen
Bitcoin price today is trading near $108,865, maintaining a tight range between $108,200 and $109,200. The asset remains locked in a triangular structure as bulls attempt to hold above the short-term ascending trendline. BTC price dynamics (Source: TradingView) Despite several tests of the resistance zone just below $109,600, momentum has remained capped, as reflected by
Metaplent CEO Simon Gerovich recently took to X to stress that his company will be “Bitcoin first” and “Bitcoin only.” “Our singular focus right now is to accumulate as much Bitcoin as possible,” he stressed. Gerovich recently told the Financial Times that the goal is to buy enough BTC to reach “escape velocity,” making it
As Bitcoin treasury companies are becoming the new initial coin offerings, people are starting to remember how it all ended in 2018. While ICOs and Bitcoin treasury companies are definitely not the same, critics outline some similarities. More than that, recently, the CEO of the treasury company Nakamoto, David Bailey, compared his business to “the
An analyst who nailed the end of the 2021 crypto bull market believes Bitcoin’s (BTC) rally above $150,000 this year is viable. Pseudonymous analyst Dave the Wave tells his 153,500 followers on the social media platform X that Bitcoin is flashing a bullish continuation pattern on the weekly chart, suggesting that a breakout surge is
Samson Mow, a vocal Bitcoin permabull and the JAN3 CEO, says he expects hyperbitcoinization to come soon, thanks to governments of various countries. He also revealed the most likely scenario for Bitcoin to reach $1 million per coin as a result of this. The most likely $1 million Bitcoin scenario per Mow In a recent
Economist Timothy Peterson pointed out a striking historical pattern regarding the Bitcoin (BTC) market in his assessment. According to Peterson, the period he calls the “Bitcoin Bastille Day Rally” will begin on July 14, which the analyst believes could herald a significant recovery phase for Bitcoin. Peterson, in his analysis based on historical data, noted
Popular macroeconomics expert Lyn Alden isn’t sold on Bitcoin’s (BTC) functionality as a medium of exchange yet. Alden explains in a new analysis that people with specific payment issues like capital controls and payment de-platforming find BTC useful, but they can often also use less-volatile stablecoins as short-term solutions to those same problems. “There are
Will Bitcoin surge past $109,000 by July 12? With just three and a half days remaining and less than a 1% move required, cryptocurrency traders are placing their bets on whether the world’s largest digital asset can overcome critical resistance levels that have capped recent rallies. Currently trading around $109,090, Bitcoin sits very, very close