The past few days have been rough for the primary cryptocurrency, whose price once again slipped below $69,000. One popular analyst believes the valuation could now be headed toward $65,000, while many others warn of even deeper declines ahead. The Worst Has Yet to Come? Bitcoin has tumbled by double digits over the past week
Crypto analyst Aralez has revealed that Bitcoin is entering an accumulation zone that could propel it to a new all-time high (ATH). The analyst signaled that $BTC could rally to as high as $250,000 in the next bull market. Analyst Reveals Bitcoin Entering Major Accumulation Zone In an X post, Aralez stated that Bitcoin is
A recent report published by the European Central Bank today has stated that central banks globally now hold more gold than US government bonds and treasuries in their reserves for the very first time. Geopolitical tensions, concerns over a risk of sanctions, and a growing desire among some countries to lessen their exposure to dollar-denominated
As Bitcoin’s price continues to drop amid the persisting market volatility, the leading cryptocurrency is close to reaching a historic level that has often marked Bitcoin’s bottom in previous cycles. The Bitcoin bottom indicator has become more glaring after Bitcoin slipped below the major $70,000 mark, gradually flushing out all its speculative traders. Bitcoin supply
The story most commonly told about stablecoins runs in one direction, i.e., they solve cross-border payment friction, settling in seconds, whereas correspondent banking takes days. Furthermore, they reduce transaction costs in corridors where traditional infrastructure is expensive, all while providing access to dollar-denominated financial instruments for populations outside the US. The volumes support this framing,
At 10 a.m. ET on Tuesday, the Bureau of Labor Statistics releases its Job Openings and Labor Turnover Survey for April, and a market that spent years branding Bitcoin as an escape hatch from central banks now hangs on whatever the numbers imply about the Federal Reserve’s next move. This is due to a long
The leading cryptocurrency, Bitcoin ($BTC), fell below $70,000 following a downward trend seen in recent weeks and yesterday’s $BTC sale by institutional bull Strategy. As $BTC fell below $70,000 for the first time since April, the percentage of investors experiencing losses also increased. CryptoQuant analyst Julio Moreno states that the loss in $BTC supply has
New York Stock Exchange-listed technology firm Hyperscale disclosed that it holds 704.3405 Bitcoin as of May 31, confirming a steady corporate treasury position despite a week without new open-market acquisitions. The announcement, filed in a regulatory update, provides a snapshot of the company’s digital asset strategy at the close of the month. Corporate Bitcoin Holdings
The Cardano Foundation has partnered with the Brazilian Olympic Committee to test blockchain, artificial intelligence and Internet of Things tools across Brazilian sport. The Brazilian Olympic Committee said the agreement will explore emerging technologies for sports management, transparency and efficiency. The work will focus on practical tools for athletes, coaches, federations and fans. The partners