Bitcoin extended its recovery on Monday, climbing above $66,700 and posting a strong daily gain. The latest rally has improved market sentiment and pushed the cryptocurrency closer to a key technical resistance zone. However, several analysts remain cautious as historical price patterns and the upcoming Federal Reserve meeting continue to weigh on expectations. $BTC traded
Bitcoin price traded above $66,500 on Monday after recovering nearly 4% over the previous week. The rebound followed Sunday’s report that the United States and Iran had reached a preliminary peace deal, which lifted risk appetite across crypto markets. The move came after Bitcoin suffered a sharp weekly decline earlier this month. In an X
Adam Livingston has drawn attention to a contrast in modern investing: buyers accept high valuations for companies whose expected profits sit years ahead, yet some reject Bitcoin since its future is uncertain. Modern investing is incredible. People will pay 71x earnings for a food delivery app because maybe profits will grow. Then refuse to buy
Cryptocurrency wallet provider Exodus (EXOD) has announced its digital asset reserves for May. The company increased its Bitcoin ($BTC) and Solana ($SOL) positions while decreasing its Ethereum ($ETH) holdings. The data indicates that the company is beginning to place more weight on Bitcoin and Solana in its portfolio strategy. According to information published by Exodus,
Gold (Au) is setting up for a short squeeze as gold funds posted -$2.3 billion outflows last week, marking the fourth consecutive weekly decline, with a 4-week average of -$2.0 billion. This is only below the -$3.5 billion 4-week average record seen in February. Meanwhile, Bitcoin ($BTC) is preparing a 3-Month short squeeze timeframe confluences
“You own the token and the token is the asset, you own the asset. It’s different. It’s what we call title tokenization,” Chris Turner, co-founder of impact investment firm Kula, said on the On The Margin podcast. Most tokenized real-world assets do not work that way. “But you don’t own the asset. The asset owner
Summary The Bank of Japan raised its key interest rate by 25 basis points to 1 percent, the highest level since 1995, while signaling it may tighten further if inflation accelerates. Despite rate hikes typically weighing on risk assets, bitcoin rose from about $65,600 to $66,000 after the decision, as markets focused on the BOJ’s
BlackRock’s Bitcoin income-focused ETF will begin trading on Nasdaq on June 16 after receiving regulatory approval from the U.S. Securities and Exchange Commission. According to Bloomberg ETF analyst Eric Balchunas, Nasdaq confirmed that BlackRock’s iShares Bitcoin Premium Income ETF, trading under the ticker BITA, would launch on Tuesday. The confirmation came one day after the
Cottonia, an AI firm that adds AI predictive analytics into decentralized networks, has joined Matrix, a $BNB Chain-based AI-led execution rollup. The partnership aims to advance blockchain intelligence with the integration of AI-driven predictive strategies into the $BNB Chain network. As Cottonia disclosed in its official social media announcement, the development is poised to improve
Danny Sanders, a senior executive at hardware wallet manufacturer Trezor, said that the increasing practice of holding Bitcoin in ETFs could pose long-term risks to the fundamental principles of the cryptocurrency sector. Speaking at the BTC Prague event, Trezor Business Director Sanders stated that there are approximately 600 million cryptocurrency users worldwide, but only about