Bitcoin rallied and moved above $115,000 last week as expectations of Federal Reserve interest rate cuts rose and as exchange-traded inflows jumped by over $2.3 billion. At last check on Sunday, Sept. 14, the top cryptocurrency was down 0.5% for the day. See below. Source: CoinGecko Summary Bitcoin price has rallied ahead of the Federal
MicroStrategy founder Michael Saylor has re-released Bitcoin Tracker data. In his statement, Saylor stated, “Bitcoin deserves praise,” indicating that new purchases may be on the horizon. According to the company’s past practice, MicroStrategy typically officially announces its BTC purchases the day after the news is released. This has fueled market anticipation of a new buying
Bitcoin is testing an important level. The price has reached the resistance zone between $116,500 and $117,000, but it has not yet broken through. This range has acted as a ceiling in recent sessions. Resistance Holds Strong Bitcoin has been consolidating after its rally from $113,000. An ascending triangle breakout earlier this month pointed to
Institutional money, funds, and public companies continue to increase their BTC holdings and currently control 12.3% of all Bitcoin supply. According to Bitcoin analytics platform Ecoinometrics, this figure has dramatically increased over the past 12 months. Institutional money added 5% to their combined holdings in the past year alone, helping propel Bitcoin’s price by over
Bitcoin continues to trade with renewed strength, supported by a decisive rebound from demand zones and a confirmed market structure shift. While momentum remains bullish, traders should remain mindful of potential pullbacks into key support zones before continuation higher. Technical Analysis By Shayan The Daily Chart On the daily timeframe, BTC recently staged a strong
The ongoing advancement in quantum computing is raising urgent questions about the long-term security of Bitcoin (BTC). Unlike classical machines, quantum computers can solve certain problems exponentially faster, posing a direct threat to Bitcoin. Notably, using Shor’s algorithm, a sufficiently powerful quantum computer could break elliptic curve cryptography (ECC) and recover private keys from public
Arthur Hayes believes the current crypto bull market has further to run, supported by global monetary trends he sees as only in their early stages. Speaking in a recent interview with Kyle Chassé, a longtime bitcoin and Web3 entrepreneur, the BitMEX co-founder and current Maelstrom CIO argued that governments around the world are far from
Bitcoin’s rally lost momentum in August, and slowing corporate accumulation may explain why. Tracked treasury entities added 47,718 BTC last month ($5.2 billion), down from more than 100,000 BTC in July, according to the latest Bitcoin Treasuries Adoption Report. That brought total holdings across public companies, private firms, governments and ETFs to 3.68 million BTC,
Billionaire investor and tech entrepreneur Chamath Palihapitiya has suggested that Bitcoin (BTC) could reach $1.14 million in the current cycle and replace gold in the long run. Palihapitiya, in his statement, noted that Bitcoin has historically experienced price increases after halvings, and that this time, the market has experienced a “turning point” with the introduction
Cryptocurrency analyst and trader Jason Pizzino says Bitcoin (BTC) could hit the cycle top in the coming weeks. In a new strategy session, Pizzino tells his 358,000 YouTube subscribers that Bitcoin could hit the cycle top in October or November based on historical precedent. “November [of 2021] was the top in the last cycle. And