Bitcoin prices almost dropped to a level that was last seen in June against the backdrop of liquidations exceeding $19 billion last week, which has made a number of traders dust off the traditional “four-year cycle” rulebook to make their next moves. Some market observers believe the four-year Bitcoin cycle is nearing its end, but
Story Highlights Gold hits record $4,392, signaling investors may start shifting funds into Bitcoin soon. Institutional investors rotate liquidity from gold to Bitcoin, quietly building positions in digital assets. Analysts predict BTC may reach $150,000–$180,000 by year-end, potentially touching $1 million later. After months of a nonstop rally, gold finally touched a record $4,392 per
Spot Bitcoin exchange-traded funds in the United States have seen more than $1.2 billion in outflows this week, but Charles Schwab is seeing more interest in the products. The eleven spot Bitcoin ETFs in the US saw an aggregate outflow of $366.6 million on Friday, which rounded off a red week for the asset and
A new Bitcoin documentary is scheduled to release on several streaming services soon. Unbanked will premiere on Halloween, celebrating the 17th anniversary of Satoshi Nakamoto’s white paper. The film looks at BTC’s real-world impact, featuring footage from four continents and interviews with prominent industry figures. It has already won multiple accolades, but Unbanked’s creators want
The net worth of pseudonymous Bitcoin creator Satoshi Nakamoto has plunged by $20 billion, according to analytics platform Arkham. Despite the drop, he remains richer than Walmart heiress Alice Walton and Bloomberg L.P. co-founder Michael Bloomberg. Earlier this Friday, the price of the leading cryptocurrency careened to an intraday low of $103,856 before paring most
Bitcoin’s corporate treasuries and bitcoin mining sector have become two of the defining narratives of this cycle. From (Micro)Strategy’s MSTR billion-dollar balance sheet buys to the rise of MetaPlanet and the explosive growth of bitcoin mining companies, institutional and industrial adoption have emerged as powerful structural supports for the network. But now, after years of
The embattled cryptocurrency fell to $103K early Friday before clawing its way back to $106K in the afternoon. Jamie Dimon’s ‘Cockroach’ Remark Deepens Bitcoin Sell-Off An offhanded quip by Jamie Dimon, CEO of JPMorgan Chase (JPM) on Tuesday, may have tanked stocks as fears of a bank credit crunch triggered a multi-day sell-off. But while
The cryptocurrency market weakened again towards the end of the week, with the largest cryptocurrency, Bitcoin, briefly falling below $104,000, its lowest level since July. The Fear and Greed Index, which measures market sentiment, fell into the “extreme fear” zone. The index, which measures market sentiment, fell to 22 out of 100, signaling “extreme fear.”
Net Asset Values (NAVs) in digital asset treasuries (DATs) have collapsed, but this is not as bad as it sounds and can be viewed as an opportunity for savvy investors, according to 10x Research. “The age of financial magic is ending for Bitcoin treasury companies,” stated 10x Research analysts in a report shared with Cointelegraph
Several regional banks in the United States are facing renewed stress despite strengthening their finances after the 2023 banking crisis, and Bitcoin could benefit from any liquidity crisis that follows. Strike CEO Jack Mallers sees the banking stress as validation that Bitcoin (BTC) is correctly pricing in an impending liquidity crisis, opining that the Federal