The Bitcoin price continued to consolidate today, July 16, as the recent bull run took a breather, and traders await the vote on the GENIUS Act in the House. BTC was trading at $118,825, a few points lower than the all-time high of $123,000 as analysts predict more gains if the GENIUS Act is passed.
Constellation Research founder and investor Ray “R” Wang made noteworthy predictions about digital assets and tech giants on the Fox Business program “Varney & Co.” Wang argued that a “golden age” for digital assets has begun, while stating that Bitcoin could rise to $150,000 within the next six months. According to Wang, legislative developments in
US President Donald Trump plans to fire Fed Chair Jerome Powell soon, according to a senior White House official. It was also learned that Trump brought up this possibility in his meeting with Republican members of Congress last night. While the majority of lawmakers attending the meeting supported this move, the official noted that Trump
Canada-based company Matador Technologies announced that its board of directors has approved a long-term Bitcoin accumulation strategy. Matador Technologies Confirms Treasury Strategy Aiming to Collect 6,000 Bitcoin by 2027 The company’s ultimate goal is to reach 6,000 BTC by 2027 and become one of the top 20 institutional Bitcoin holders globally. The company currently holds
Disclaimer: The analyst who wrote this article owns shares in Strategy. Jim Chanos, the founder of Kynikos Associates who famously shorted U.S. energy giant Enron before it collapsed in 2001, has set his sights on Strategy (MSTR), arguing the bitcoin BTC$119,216.33 -buying company’s premium valuation over its holdings of the largest cryptocurrency is unjustified. Chanos
The correction has not lasted long, and all of the top 10 coins are in the green zone again, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has increased by 1.06% since yesterday. On the hourly chart, the price of BTC has made a false breakout of the local resistance of $119,239. However, if
U.S. stocks traded slightly higher on Wednesday as investors digested strong earnings results from major banks and the latest producer price index data. The Dow Jones Industrial Average and S&P 500 were up 140 points and 0.16% respectively, while Nasdaq Composite hovered at the flatline with 0.04%. Slight upticks in the blue-chip and benchmark indices
Cathie Wood-led investment firm Ark Invest has seen significant sell-offs in both Coinbase (COIN) shares and its own spot Bitcoin ETF, ARKB. Ark Invest Sells $1 Million in Coinbase Stock and Its Own Bitcoin ETF The company raised approximately $13.3 million by selling 34,207 Coinbase shares and $8.7 million by selling 225,742 ARKB shares. The
Decentralized AI data platform OORT has announced the listing of its user-generated Tools Dataset across several major enterprise data marketplaces. According to a July 16 press release shared with crypto.news, the dataset includes 100,000 data points contributed by users through OORT’s application. It is now live on Google Cloud Analytics Hub, Databricks Marketplace, Snowflake Marketplace,