Publicly listed companies are showing little appetite for bitcoin $BTC$77,392.70 , suggesting that a key source of demand behind the 2024–25 bull market remains weak as the cryptocurrency attempts a sustained rebound. Those firms have added only about 5,900 $BTC over the past three months, according to Glassnode, a fraction of last year’s pace. Nasdaq-listed
“We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed,” Federal Reserve chair Kevin Warsh said at his press conference on Wednesday, after the central bank raised its benchmark rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023. “Today,
Q4 is just around the corner, and the crypto market is already discussing whether it will be bullish or bearish. Notably, the bears have quite a compelling case. The market has started reacting to the recent 25 bps hike by the Federal Reserve. Goldman Sachs has already priced in another rate hike at the October
The Federal Reserve hiked interest rates for the first time since 2023 on Wednesday and it sent the bitcoin price — briefly — all over the place. But then it settled and currently sits a modest 1% higher over a 24-hour period. And according to asset manager Grayscale’s crypto research team, bitcoin is unlikely to
In its latest analysis evaluating the outlook for the cryptocurrency market in the coming years, The DeFi Report argued that Bitcoin may be entering the early stages of a new bull cycle. The platform, which divides the market cycle into four phases – “early bull,” “wealth creation,” “wealth distribution,” and “wealth destruction” – stated that
Bitcoin is experiencing a surge in interest in the ETF space, particularly as Eric Balchunas notes the generational shift favoring cryptocurrencies over traditional investments like gold. This observation highlights how Bitcoin’s appeal is growing among younger investors, with implications for future market dynamics. For more details, see Balchunas’ analysis on Twitter. What Happened The crypto
Jiang Zhuoer, a well-known cryptocurrency miner from China, announced that he has repurchased all of his Bitcoin ($BTC) positions that he recently sold. Jiang stated that buying pressure in the market remains strong and that he expects the Bitcoin price to rise to the $80,000-$84,000 range. Jiang Zhuoer announced in a recent statement that he
Bitcoin’s Current Range Mirrors a Key 2023 Structure as $70K–$90K Levels Come Into Focus. Bitcoin’s long-term chart shows a recurring sequence of rally, consolidation, downside liquidity sweep, and renewed expansion. The current structure is developing between roughly $60,000 and $84,000, following the decline from the chart’s major high near $124,000–$126,000. The chart also highlights a
Bitcoin’s share of addresses sitting at a loss has dropped sharply, and on-chain analyst Crypto Dan says moves of that size have historically ended bear markets rather than just producing a short bounce. The call went out following two macro jolts that hit crypto: a Fed rate hike and a stalled Senate vote on the
JPMorgan analysts believe that if the high hedge positions in Bitcoin ETFs are resolved, Bitcoin could find stronger support than gold in the coming period. A report published by JPMorgan analysts led by Nikolaos Panigirtzoglou stated that inflows into Bitcoin and gold ETFs accelerated following the Fed meeting at the end of July, and that