Bitcoin ($BTC) experienced a significant recovery after testing $60,000 in February. At this point, $BTC rose above $82,000 in recent weeks, continuing the upward trend that began in February. However, it couldn’t maintain this level and retreated back to the critical support level of $77,000. While Bitcoin has been moving sideways in recent days, one
Tom Lee, chairman of Bitmine Immersion Technologies and co-founder of Fundstrat, does not expect the coming wave of mega IPOs to derail markets even if they could eclipse the entire dot-com boom in scale. Lee recently discussed the potential effect of SpaceX, Anthropic, and OpenAI listing which could unleash trillions of dollars in new equity
Bitcoin ($BTC) is causing a dilemma in the market with its recent movements. After rising above $82,000 last week, $BTC’s sharp drop to around $77,000 is pitting bull and bear supporters against each other. Some analysts argue that $BTC’s recent rise is the start of a bull run, while others claim it’s a recovery from
Bitcoin has fallen back toward the $77,000 region after losing a key ascending trendline support that had guided its recovery from April lows. According to data from crypto.news, Bitcoin ($BTC) price traded near $77,200 during Friday’s session after briefly losing the rising support structure that had guided its recovery from April lows. Selling pressure accelerated
Bitcoin ($BTC) surged above $82,000 in recent weeks, sparking bullish excitement. Some analysts argued that this rise was in the early stages of a bull market. However, some analysts warned that this rise could be a bear trap, arguing that bullish signs have yet to emerge. One of these analysts was Ki Young Ju, the
U.S. spot Bitcoin ETFs continued seeing heavy outflows for the straight five days with total withdrawals reaching nearly $1.63 billion. The biggest selling came from BlackRock’s Bitcoin ETF, (IBIT), as institutions continued reducing exposure. Meanwhile Bitcoin price continues to struggle below the $78,000 level. BlackRock Leads Bitcoin ETF Outflows On May 21 alone, the Bitcoin
Bitcoin pushed toward $78,000 but lost momentum as macro pressure returned and crypto traders turned their attention toward Michael Saylor for a very different reason. An AI-generated video featuring Strategy executives quickly circulated on crypto X, drawing widespread ridicule. The clip transformed a May 20 interview featuring Michael Saylor, CEO Phong Le, and host Natalie
Bitcoin has always been about money. That was the whole point: a peer-to-peer electronic cash system, nothing more. So when people started inscribing JPEGs, text files, and even small video clips directly onto the Bitcoin blockchain in early 2023, it felt like someone had spray-painted graffiti on a cathedral. Some Bitcoiners loved it. Others were
Many traditional prediction markets have drawbacks such as lacking ability to engage users and not having a lot of dynamic interactions occurring. Most prediction markets today look like an old spreadsheet when viewed with spreadsheets in mind. While there are many places to monitor public sentiment about speculation and other topics, these kinds of platforms
Ark Invest bought $5 million worth of Bullish (BLSH) stock on Thursday, the fourth day in a row it has added BLSH shares to its exchange-traded funds (ETFs). Cathie Wood’s investment manager has purchased $12.5 million worth of shares in the crypto group, which is also CoinDesk’s parent company, since Monday based on the stock’s