Taiwanese singer and crypto investor Jeffrey Huang, widely known as Machi Big Brother, has reopened a 40x leveraged long position in Bitcoin and increased the position size to 100 $BTC, according to a report from Odaily. The move marks a renewed bullish bet on the leading cryptocurrency after a period of reduced activity. Details of
Bitcoin $BTC$77,602.44 heads into Friday’s U.S. session having hit its highest level since May as the U.S. Treasury’s bond-buyback plan continues to fuel appetite for risk. The largest cryptocurrency recently traded near $78,000 after climbing to as high as $79,400, leaving $80,000 as the immediate test before trading in exchange-traded funds (ETFs) shuts for the
Bitcoin has seen “nice momentum these last few days,” said Mati Greenspan, a former senior eToro market analyst, and founder at Quantum Economics. “This is generally what bottoms look like,” Greenspan said. “They begin with a short squeeze, a giant green candle, start breaking above technical levels, and suddenly everyone with limit orders waiting for
During his appearance at the SALT Wyoming conference, Ripple CEO Brad Garlinghouse has stated that Ripple is fully embracing artificial intelligence (AI). “I have a somewhat contrarian view on some of this,” Garlinghouse stated. “Ripple has adopted AI aggressively. I think if you are in a growing business, a growing category, and taking share, AI
Bitcoin has surged above $75,000, extending a powerful rebound that has taken the largest cryptocurrency from below $60,000 to its highest level since late May. The rally has accelerated sharply this week, with $BTC gaining roughly 20% over four days. Over the 24 hours, $BTC has gained more than $ETH and SOL. Room for more
Bitcoin’s price reached nearly $79,500 moments ago, causing all sorts of reactions across the crypto community. This brings its total gains for the past 24 hours to slightly more than 13%. The parabolic move has been mirrored across most of the altcoin market, with many large-cap cryptocurrencies bringing outsized gains throughout the past week. Just
Bitcoin ($BTC) hit $77,000 on Friday as business intelligence company Strategy’s corporate treasury returned to profit. Key points: Bitcoin reaches its highest level since May 26 as it revisits $77,000. Price returns above the cost basis for Strategy’s $BTC corporate treasury at $75,385. Around 11% of the $BTC supply constitutes a new band of support
U.S. spot Bitcoin exchange-traded funds recorded approximately $606.3 million in net inflows on Aug. 20, marking the fourth consecutive trading session of positive flows, according to data from Farside Investors. This figure surpassed the previous day’s inflows, which had already represented the largest daily total in three months. Fund-by-fund breakdown Leading the charge was BlackRock’s