Bitcoin’s dip on Tuesday has put the digital asset’s upward trajectory on hold, at least for now. The move came as traders sought to book profits amid mixed monetary signals and divisive language surrounding the potential replacement of Federal Reserve Chair Jerome Powell. While on-chain data suggests that profit-taking is the primary driver, sticky inflation
Bitcoin has corrected from its all-time high near $123,000, retracing into a key support zone marked by strong technical confluence. This area now holds the potential to act as a launchpad for a renewed move toward the highs, if it holds. After reaching a fresh all-time high around $123,000, Bitcoin (BTC) has entered a corrective
Prominent venture capitalist Tim Draper has spoken out against Bitcoin maximalism, stating that innovation and progress are the ultimate goal. The legendary billionaire, who accumulated his wealth with successful early bets on Skype and other fledgling companies, has described himself as an “innovation maximalist.” In his most recent post, Draper has highlighted some key qualities
Block Earner, a Sydney-based fintech offering crypto yield and payment products, is pitching a new way for Australians to buy homes without selling their Bitcoin. Rolling out what it calls Australia’s first Bitcoin-backed home loan, the crypto firm offers up to 50% of a property’s value as a deposit loan secured against the borrower’s Bitcoin.
Bitcoin’s rally past $123,000 this week is being driven by a surge in institutional demand, with spot ETF inflows topping $4 billion in July alone. The price jump, from $105,000 at the start of the month to a record high on Monday, reflects growing confidence from both retail and institutional investors. The total market cap
Data shows Bitcoin’s retrace below the $117,000 level came right after a major spike in social media chatter, often a contrarian signal. Bitcoin Social Dominance Saw A Huge Spike As BTC Crossed $123,000 In a new post on X, the analytics firm Santiment has shared how social media users reacted to the latest Bitcoin price
Jameson Lopp, CTO and co-founder of self-custody service Casa, proposed a change to Bitcoin’s software on Tuesday to address quantum computers’ catastrophic potential. The proposal, which was co-authored by five other developers, would create incentives pushing Bitcoin owners toward cryptographically-sound ways of storing the asset that can’t be compromised by complex computers, and introduce other
According to the latest data published by cryptocurrency analysis firm Glassnode, there has been a sharp decline in the supply ratio between long-term investors (LTH) and short-term investors (STH) in the Bitcoin market. Additionally, the 30-day percentage change metric has shifted from the “accumulation” phase to the “selling” phase. This development is being interpreted as