Scott Melker and Mike McGlone, well-known names in the financial world, evaluated the latest situation in the markets ahead of the FED’s possible interest rate cuts in the Market Mavericks program they attended. Focusing particularly on the record levels in the S&P 500 and economic indicators, the speakers also discussed Bitcoin’s strong stance at $114,000.
As summer now turns to fall in the northern hemisphere, the stonkcoiner dream of bitcoinizing finance is rapidly becoming a nightmare. The bitcoin paper summer of issuing shares to clueless financial markets at (extreme) overvaluations to thereby buy bitcoin on the cheap is ending, not with a bang of success but with a pretty unimpressive
Bitcoin bull market indicators have turned predominantly bearish despite Bitcoin registering a slight recovery on Friday to $116,000, according to CryptoQuant. Eight out of ten of the CryptoQuant Bull Score Index indicators are flashing bearish for Bitcoin, and “Momentum is clearly cooling,” CryptoQuant analyst JA Maartun said on Thursday. The blockchain analytics platform’s bull score
Story Highlights Bitcoin surges above $115,500 as cooling U.S. inflation sparks renewed investor optimism worldwide. Spot Bitcoin ETFs attract $928 million inflows in two days, showing strong institutional confidence. MACD golden cross forms after resistance breakout, a signal that previously triggered 40% gains. Analysts predict Bitcoin could test $160,000 soon, with $200,000 possible by 2025.
Bitcoin’s bullish start to the week extended on Thursday, hitting a 19-day high, with experts citing slightly cooler inflation data as a tailwind ahead of the Federal Reserve’s September 17 rate cut decision. The top crypto is up 1.5% in the past 24 hours, per CoinGecko data, extending Wednesday’s push that ended a two-week consolidation.
Another long-term Bitcoin whale awakened on Thursday, moving a chunk of their $50 million in BTC holdings after nearly 13 years. The “HODLer” first acquired the 444.81 BTC in 2012, when it was trading for a little over $12 per coin, blockchain data shows. Their movements—a transaction shifting 137.03 BTC, or nearly $16 million in
If Bitcoin can keep pace with gold as it soars to an inflation-adjusted record high, then it could be poised for a big breakout, analysts told Decrypt. The spot price for gold just exceeded an inflation-adjusted peak set more than 45 years ago. The price per ounce of gold in U.S. dollars has climbed 8%
Cryptocurrency analysis firm Glassnode stated in its latest report that the Bitcoin market is at a “critical juncture.” According to the analysis, Bitcoin is still stuck in the $110,000-$116,000 range, and this range plays a decisive role for investors. The recovery, which began at $107,000 after the pullback from the all-time high recorded in August,
Cryptocurrency analysis company Santiment, in its latest report on Bitcoin, highlighted the decisive role of whale movements in the market. According to Santiment, wallets holding between 10 and 10,000 BTC have accumulated over 202,000 BTC in total over the past six months. The report argues that this growth in these wallets is strongly correlated with
Chipper Cash, one of Africa’s leading fintech companies, announced today that more than 50% of all Bitcoin transactions on its platform now run over the Lightning Network, marking one of the most significant real-world deployments of Lightning to date. The company, which serves millions of consumers and businesses across Africa, has been using Lightning through