Bloomberg senior commodities strategist Mike McGlone shared a noteworthy assessment of Bitcoin and the cryptocurrency market in general. McGlone stated that current macroeconomic conditions are putting pressure on risky assets, and that the scenario in which the Bitcoin price could fall to the $10,000 level in the long term is becoming increasingly discussed. “Bitcoin Will
More than two years after the first 11 spot bitcoin ETFs began trading in the U.S., a 12th, issued by a top-10 Wall Street bank with $1.9 trillion in assets under management, could debut Wednesday. The Morgan Stanley Bitcoin Trust could start trading NYSE Arca under the ticker MSBT, Bloomberg’s ETF Analyst Eric Balchunas said
Two giants of the financial world, Galaxy Digital CEO Michael Novogratz and SkyBridge Capital founder Anthony Scaramucci, discussed the future of Bitcoin (BTC) amidst global economic uncertainties in their recent broadcast. Despite the general pessimism in the markets, both speakers emphasized Bitcoin’s resilience and long-term potential. “If Bitcoin’s Business Model Were Over, Its Price Would
Bitcoin’s price has lately struggled to generate sufficient demand to push itself higher. Especially since bearish sentiment has continued to dominate. However, shifting dynamics among short-term holders may be emerging. These could influence Bitcoin’s [$BTC] trajectory, particularly if a near-term bullish scenario unfolds. Bitcoin to $64,000 may trigger bulls Data from CryptoQuant highlighted the cost
Strategy CEO Phong Le made important remarks about the company’s Bitcoin (BTC) strategy and the impact of cryptocurrencies on traditional finance during a program he participated in. Le described Bitcoin not just as an asset, but as “the digital transformation of capital,” noting that this technology offers investors an asymmetric risk-return profile. “What Netflix, Apple,
MAGNE.AI has formally declared it is collaborating with Manadia, a data settlement and AI coordination infrastructure creator that aims to facilitate secure, verifiable and privacy preserving value transfer throughout Web3 ecosystems. The partnership is an indicator of an increasing trend within the blockchain sector where infrastructure providers are coming together to address the issues of
Bitcoin price started a strong increase above the $70,000 zone. $BTC is consolidating gains and might aim for more gains above the $71,500 zone. Bitcoin gained pace for a move above the $69,500 and $70,500 levels. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a
The Bitcoin community is divided on whether there is really a need to rush to meet the 2029 deadline of migrating to a quantum-secure network. For his part, Samsom Mow, founder of JAN3, an advisory for nation-state $BTC adoption, has warned against a hurried push for untested and unverified post-quantum (PQ) solutions. He cautioned that,
Bitcoin price briefly touched $70,000 on April 7 within a well-formed ascending channel on the 4H chart, as spot ETF inflows logged $471 million on April 6, the strongest single-day institutional demand figure since late February. Bitcoin (BTC) price is trading at $69,427 on April 7, having touched an intraday high of $70,036, the first
Bitcoin accumulation by long-term holders is signaling a market transition, with Binance data pointing to tightening supply conditions that could support the early stages of a new bull cycle. Key Takeaways: Binance shows $BTC accumulation since Feb. 2026 as long-term holders steadily stack positions. Binance signals early bull cycle setup, with 2026 trends aligning with